Elvis, Ali and American Idol Get New Owner

Apollo Global Management has completed its $6 per share tender offer for CKx (NASDAQ: CKXE) in a deal valued $509 million. CKx is an entertainment company with programming properties that include American Idol and ownership rights to the name, image and likeness of Elvis Presley and Muhammad Ali. Wachtell, Lipton, Rosen & Katz served as financial and legal advisor to the company, while AGM Partners acted as lead financial advisor to Apollo.