As reported in The Hollywood Reporter, Paul, Weiss
client Apollo Global Management announced yesterday the successful
completion of its purchase of CKX, Inc. (Nasdaq: CKXE), the company
that co-owns the rights to the television shows "American Idol" and
"So You Think You Can Dance," for approximately $560 million. The
assets owned by CKX, which also include the names and likeness
rights for Elvis Presley and Muhammad Ali, and the operations of
Graceland, present a strong foundation for Apollo, which has a
successful history of investing in the media and entertainment
sector, to build upon.
The Paul, Weiss team advising Apollo includes corporate partners
Goldman, Charles H. Googe Jr., Terry E.
Schimek, James H. Schwab, Monica K.
Thurmond and Mark B. Wlazlo; tax partners Brad R. Okun
and David R. Sicular; litigation partners
Clayton, Stephen P. Lamb and Daniel J.
Leffell; employee benefits partner Lawrence I. Witdorchic; and
real estate partner Meredith J. Kane.