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Idol firm may be bought

By | Published on Tuesday 30 March 2010

CKX, the US entertainment firm which owns the Elvis brand and the Simon Fuller-created 19 empire, including the ‘Idol’ franchise, may fall into the hands of a consortium of equity types, led by JP Morgan Chase & Co’s equity division.

Currently trading on the NASDAQ stock exchange in New York, word has it JP Morgan’s One Equity Partners are plotting a takeover. It’s thought the company’s founder and CEO, Robert FX Sillerman, would stay on and retain his 21% stake in the firm.