Is This The New Buyer For CKX?

[Brian Quinn]

Please go to the following URL for the story:

http://www.deadline.com/2010/04/exclusive-allen-shapiro-behind-one-equity-partners-planned-deal-to-buy-american-idols-ckx/


Brian

[KPM]

Please go to the following URL for the story:

http://www.deadline.com/2010/04/exclusive-allen-shapiro-behind-one-equity-partners-planned-deal-to-buy-american-idols-ckx/


Brian

If Shapiro is the one-I'm not sure its much better than Sillerman the article had this to say about Shapiro:
.....Shapiro is always on the prowl for well-known brands that are poorly managed, and then getting in and out of deals once he's taken the undervalued assets and made them worth more........

[vivaelvis]

Shapiro is a savvy business man who is well known in corporate America. If he is involved as the reports say then this is a very good thing for CKX.

[Brian Quinn]

Robert F.X. Sillerman Resigns as Chairman and CEO of CKx, Inc.

NEW YORK, May 7, 2010 /PRNewswire via COMTEX News Network/ -- CKx, Inc. (Nasdaq: CKXE) announced today that Robert F.X. Sillerman has resigned as Chairman and Chief Executive Officer of the Company and from the Company's board, effective immediately. Mr. Sillerman cited as the reason for his resignation a desire to pursue other interests, including the possible acquisition of CKx as well as a desire to allow the Board to evaluate its strategic options should he pursue such an acquisition. Mr. Sillerman founded the Company and has served as its Chairman and Chief Executive Officer of the Company since its inception in 2005. Mr. Sillerman will continue as a consultant to the Company. Mr. Sillerman is also the Company's largest shareholder.

The board of directors of the company announced that director Edward Bleier was appointed as chairman of the board and that Michael G. Ferrel, a former director and president of the company, will serve as acting chief executive officer.

"The board would like to thank Bob for his many contributions to CKx and for his leadership over the past five years and his unparalleled commitment to the company," said CKx chairman Edward Bleier. "Bob has a long track record of building several successful enterprises and providing billions of dollars in return to investors. We're thrilled that Bob will continue to assist CKx as a consultant."

Michael G. Ferrel, acting chief executive officer of CKx stated, "CKx has an excellent set of core assets that continue to be terrific performers for the company. I look forward to working with the board and management team to drive growth and to capitalize on the many opportunities ahead."

The company also stated that it presently intends to release its first quarter earnings on Monday, May 10, and plans to host an investor call following the release.

Edward Bleier has served on the CKx board of directors since 2005. Mr. Bleier is a director of RealNetworks, Inc., a leading Internet creator of digital media services and software. For 34 years, until his retirement as Senior Advisor in December 2003, Mr. Bleier was an executive of Warner Bros., Inc. From 1986 through 2000, he was President of the division responsible for broadcast and cable networks, pay-television and video-on-demand. He also previously served on Warner Communications' strategy committee, as President of Warner Bros. Animation, and overseeing the broadcast of certain sports properties. In May 2005, Mr. Bleier was appointed to the Board of Directors of Blockbuster, Inc. Mr. Bleier is currently a trustee of The Charles A. Dana Foundation, a member of the Advisory Board of Drakontas, Inc. and a member of the Council on Foreign Relations.

Michael G. Ferrel served as President, director and Member of the Office of the Chairman of CKX from May 2005 through November 2008. From August 2000 through May 2005, Mr. Ferrel served as President and Chief Executive Officer of FXM, Inc., a private investment firm. Mr. Ferrel served as President, Chief Executive Officer, Member of the Office of the Chairman and a director of SFX Entertainment, the largest owner and operator of venues for live entertainment in the United States (now a subsidiary of Live Nation) from December 1997 through August 2000.

Brian

[Brian Quinn]

Press Release, dated May 7, 2010, issued by CKX, Inc.

Exhibit 99.1

FOR IMMEDIATE RELEASE

Robert F.X. Sillerman Resigns as Chairman and CEO of CKx, Inc.
Sillerman May Pursue Acquisition of Company
Former CKx President Michael G. Ferrel Appointed Acting CEO
Edward Bleier Appointed Chairman of the Board of Directors

NEW YORK, May 7, 2010 – CKx, Inc. (NASDAQ: CKXE) announced today that Robert F.X. Sillerman has resigned as Chairman and Chief Executive Officer of the Company and from the Company’s board, effective immediately. Mr. Sillerman cited as the reason for his resignation a desire to pursue other interests, including the possible acquisition of CKx as well as a desire to allow the Board to evaluate its strategic options should he pursue such an acquisition. Mr. Sillerman founded the Company and has served as its Chairman and Chief Executive Officer of the Company since its inception in 2005. Mr. Sillerman will continue as a consultant to the Company. Mr. Sillerman is also the Company’s largest shareholder.

The board of directors of the company announced that director Edward Bleier was appointed as chairman of the board and that Michael G. Ferrel, a former director and president of the company, will serve as acting chief executive officer.

“The board would like to thank Bob for his many contributions to CKx and for his leadership over the past five years and his unparalleled commitment to the company,” said CKx chairman Edward Bleier. “Bob has a long track record of building several successful enterprises and providing billions of dollars in return to investors. We’re thrilled that Bob will continue to assist CKx as a consultant.”

Michael G. Ferrel, acting chief executive officer of CKx stated, “CKx has an excellent set of core assets that continue to be terrific performers for the company. I look forward to working with the board and management team to drive growth and to capitalize on the many opportunities ahead.”

The company also stated that it presently intends to release its first quarter earnings on Monday, May 10, and plans to host an investor call following the release.

Edward Bleier has served on the CKx board of directors since 2005. Mr. Bleier is a director of RealNetworks, Inc., a leading Internet creator of digital media services and software. For 34 years, until his retirement as Senior Advisor in December 2003, Mr. Bleier was an executive of Warner Bros., Inc. From 1986 through 2000, he was President of the division responsible for broadcast and cable networks, pay-television and video-on-demand. He also previously served on Warner Communications’ strategy committee, as President of Warner Bros. Animation, and overseeing the broadcast of certain sports properties. In May 2005, Mr. Bleier was appointed to the Board of Directors of Blockbuster, Inc. Mr. Bleier is currently a trustee of The Charles A. Dana Foundation, a member of the Advisory Board of Drakontas, Inc. and a member of the Council on Foreign Relations.

Michael G. Ferrel served as President, director and Member of the Office of the Chairman of CKX from May 2005 through November 2008. From August 2000 through May 2005, Mr. Ferrel served as President and Chief Executive Officer of FXM, Inc., a private investment firm. Mr. Ferrel served as President, Chief Executive Officer, Member of the Office of the Chairman and a director of SFX Entertainment, the largest owner and operator of venues for live entertainment in the United States (now a subsidiary of Live Nation) from December 1997 through August 2000.

Brian

[KPM]

Press Release, dated May 7, 2010, issued by CKX, Inc.

Exhibit 99.1

FOR IMMEDIATE RELEASE

Robert F.X. Sillerman Resigns as Chairman and CEO of CKx, Inc.
Sillerman May Pursue Acquisition of Company
Former CKx President Michael G. Ferrel Appointed Acting CEO
Edward Bleier Appointed Chairman of the Board of Directors

NEW YORK, May 7, 2010 – CKx, Inc. (NASDAQ: CKXE) announced today that Robert F.X. Sillerman has resigned as Chairman and Chief Executive Officer of the Company and from the Company’s board, effective immediately. Mr. Sillerman cited as the reason for his resignation a desire to pursue other interests, including the possible acquisition of CKx as well as a desire to allow the Board to evaluate its strategic options should he pursue such an acquisition. Mr. Sillerman founded the Company and has served as its Chairman and Chief Executive Officer of the Company since its inception in 2005. Mr. Sillerman will continue as a consultant to the Company. Mr. Sillerman is also the Company’s largest shareholder.

The board of directors of the company announced that director Edward Bleier was appointed as chairman of the board and that Michael G. Ferrel, a former director and president of the company, will serve as acting chief executive officer.

“The board would like to thank Bob for his many contributions to CKx and for his leadership over the past five years and his unparalleled commitment to the company,” said CKx chairman Edward Bleier. “Bob has a long track record of building several successful enterprises and providing billions of dollars in return to investors. We’re thrilled that Bob will continue to assist CKx as a consultant.”

Michael G. Ferrel, acting chief executive officer of CKx stated, “CKx has an excellent set of core assets that continue to be terrific performers for the company. I look forward to working with the board and management team to drive growth and to capitalize on the many opportunities ahead.”

The company also stated that it presently intends to release its first quarter earnings on Monday, May 10, and plans to host an investor call following the release.

Edward Bleier has served on the CKx board of directors since 2005. Mr. Bleier is a director of RealNetworks, Inc., a leading Internet creator of digital media services and software. For 34 years, until his retirement as Senior Advisor in December 2003, Mr. Bleier was an executive of Warner Bros., Inc. From 1986 through 2000, he was President of the division responsible for broadcast and cable networks, pay-television and video-on-demand. He also previously served on Warner Communications’ strategy committee, as President of Warner Bros. Animation, and overseeing the broadcast of certain sports properties. In May 2005, Mr. Bleier was appointed to the Board of Directors of Blockbuster, Inc. Mr. Bleier is currently a trustee of The Charles A. Dana Foundation, a member of the Advisory Board of Drakontas, Inc. and a member of the Council on Foreign Relations.

Michael G. Ferrel served as President, director and Member of the Office of the Chairman of CKX from May 2005 through November 2008. From August 2000 through May 2005, Mr. Ferrel served as President and Chief Executive Officer of FXM, Inc., a private investment firm. Mr. Ferrel served as President, Chief Executive Officer, Member of the Office of the Chairman and a director of SFX Entertainment, the largest owner and operator of venues for live entertainment in the United States (now a subsidiary of Live Nation) from December 1997 through August 2000.

Brian

Well when there is little confidence in the top man (or men) sometimes its best to step aside for the company as a whole. Even though he still is a force in the company, this may signal a major switch of power. It may be that he is just tired of the situation and wants a rest from it.

[KPM]

Shapiro is a savvy business man who is well known in corporate America. If he is involved as the reports say then this is a very good thing for CKX.


But Sillerman may not think (so as you pointed out in another thread-about his resignation) if he felt it would be a good thing for CKX would he be considering trying to take it alone???

[Brian Quinn]

12:03 | Friday May 28, 2010

Simon Fuller is preparing to submit a $600m (£412m) bid to buy the company that previously acquired his business 19 Entertainment, say reports.

Fuller is expected to put in the bid today with former Barclays Capital banker Roger Jenkins for CKX, which owns American Idol and So You Think You Can Dance as sell as the rights to the names and likenesses of Elvis Presley and Muhammed Ali, according to the Wall Street Journal.

The UK entrepreneur sold 19 to CKX in 2005 for $174m (£119m) and was then taken on as a director of the company. However, he resigned from CKX and 19 in January this year, while CKX’s former chairman and chief executive Robert Sillerman resigned earlier this month as part of a longstanding bid to buy the company. Sillerman remains the company’s largest shareholder with a 20% stake.

This reported new attempt by Fuller to buy CKX comes exactly three years after it was reported the company’s board had backed a $1.3bn (£0.9bn) buyout proposed by both the 19 founder and Sillerman.

Brian

[KPM]

12:03 | Friday May 28, 2010

Simon Fuller is preparing to submit a $600m (£412m) bid to buy the company that previously acquired his business 19 Entertainment, say reports.

Fuller is expected to put in the bid today with former Barclays Capital banker Roger Jenkins for CKX, which owns American Idol and So You Think You Can Dance as sell as the rights to the names and likenesses of Elvis Presley and Muhammed Ali, according to the Wall Street Journal.

The UK entrepreneur sold 19 to CKX in 2005 for $174m (£119m) and was then taken on as a director of the company. However, he resigned from CKX and 19 in January this year, while CKX’s former chairman and chief executive Robert Sillerman resigned earlier this month as part of a longstanding bid to buy the company. Sillerman remains the company’s largest shareholder with a 20% stake.

This reported new attempt by Fuller to buy CKX comes exactly three years after it was reported the company’s board had backed a $1.3bn (£0.9bn) buyout proposed by both the 19 founder and Sillerman.

Brian

Here is a link to a full story on this latest "twist" in the thickened plot of CKX and its struggles:
http://blogs.forbes.com/greatspeculations/2010/05/28/american-idols-other-simon-says-hello-to-ckx/

[vivaelvis]

So I guess this means that the Elvis world can stop bashing Robert Sillerman now.:lol: All joking aside, this latest news about Simon Fuller as the new owner of CKX/EPE should relieve all Elvis fans. Fuller is a well known entertainment mogul who is known as a go-getter. It's not all about money with him. It's mroe about integrity, dignity and creativity. Comparing Fuller to Sillerman would be like comparing apples to oranges. Fuller created American Idol, managed The Spice Girls, arranged for a Michael Jackson comeback, and was already apart of the Graceland expansion. Not to mention created an online reality show named after Elvis' 1968 hit 'If I Can Dream' and is in the process of writing the soon-to-be announced Elvis biopic movie. With Sillerman, it was a wait-and-see type of deal. With Fuller it will be a swift fast-paced and alot of motion from him on the business side. That doesn't mean that the plans for Graceland or Las Vegas will be announced tomorrow. But it does mean that there won't be alot of waiting around and just talk about what they plan to do, but moreso what they will be doing soon.

Make no mistake, this deal is all about getting control of the Evis brand. Not the Idol brand. I wouldn't be surprised if Fuller now tries to sell off Idol to put more money towards investing in other entertainment assets. He and his new partner have put together a $1 billion dollar investment deal to sign sports and entertainment agents to add to the growing company. Don't be surprised too if Simon Fuller ends up getting rights to Elvis' music and movies in the near future. That is a very big possibility since he' got power within RCA/SONY and Time-Warner that Sillerman didn't have. Remember, he's about creativity and development. Those On Tour outtake rights could be on his agenda.

Here's a report from ABC news on the Simon Fuller offer. http://abcnews.go.com/Entertainment/wireStory?id=10775127

[KPM]

So I guess this means that the Elvis world can stop bashing Robert Sillerman now.:lol: All joking aside, this latest news about Simon Fuller as the new owner of CKX/EPE should relieve all Elvis fans. Fuller is a well known entertainment mogul who is known as a go-getter. It's not all about money with him. It's mroe about integrity, dignity and creativity. Comparing Fuller to Sillerman would be like comparing apples to oranges. Fuller created American Idol, managed The Spice Girls, arranged for a Michael Jackson comeback, and was already apart of the Graceland expansion. Not to mention created an online reality show named after Elvis' 1968 hit 'If I Can Dream' and is in the process of writing the soon-to-be announced Elvis biopic movie. With Sillerman, it was a wait-and-see type of deal. With Fuller it will be a swift fast-paced and alot of motion from him on the business side. That doesn't mean that the plans for Graceland or Las Vegas will be announced tomorrow. But it does mean that there won't be alot of waiting around and just talk about what they plan to do, but moreso what they will be doing soon.

Make no mistake, this deal is all about getting control of the Evis brand. Not the Idol brand. I wouldn't be surprised if Fuller now tries to sell off Idol to put more money towards investing in other entertainment assets. He and his new partner have put together a $1 billion dollar investment deal to sign sports and entertainment agents to add to the growing company. Don't be surprised too if Simon Fuller ends up getting rights to Elvis' music and movies in the near future. That is a very big possibility since he' got power within RCA/SONY and Time-Warner that Sillerman didn't have. Remember, he's about creativity and development. Those On Tour outtake rights could be on his agenda.

Here's a report from ABC news on the Simon Fuller offer. http://abcnews.go.com/Entertainment/wireStory?id=10775127

I will take the same "wait and see" attitude that I took with Sillerman(and we have all seen what happened)
I will be surprised if he can "wrestle" the rights to Elvis's music and movies-(they are just too much of a goldmine for those who have them...short and long term)
Just try putting a price on the music alone-priceless is the figure which comes to my mind.

PS-We heard the same type of hype 5 and a half years ago about Sillerman-I recall the phrase he is the greatest thing which could happen for the Elvis World....................well that was not the case.

[Brian Quinn]

I will take the same "wait and see" attitude that I took with Sillerman(and we have all seen what happened)
I will be surprised if he can "wrestle" the rights to Elvis's music and movies-(they are just too much of a goldmine for those who have them...short and long term)
Just try putting a price on the music alone-priceless is the figure which comes to my mind.

PS-We heard the same type of hype 5 and a half years ago about Sillerman-I recall the phrase he is the greatest thing which could happen for the Elvis World....................well that was not the case.

I think Sillerman would have been if:

(a) he did not have cancer and

(b) the economic downturn had not happened.

He was in the right place at the wrong time.

Brian

[vivaelvis]

I will take the same "wait and see" attitude that I took with Sillerman(and we have all seen what happened)
I will be surprised if he can "wrestle" the rights to Elvis's music and movies-(they are just too much of a goldmine for those who have them...short and long term)
Just try putting a price on the music alone-priceless is the figure which comes to my mind.

PS-We heard the same type of hype 5 and a half years ago about Sillerman-I recall the phrase he is the greatest thing which could happen for the Elvis World....................well that was not the case.

No offense but you sure do have a negative outlook. Sillerman and Fuller are nothing alike. Fuller is a go-getter while Sillerman is a future planner. I still think Sillerman did some great things in the short time he had and could still be a part of the future of Elvis. He got the 'Viva Elvis' deal done. He landed Elvis on American Idol in a virtual duet with Celeine Dion. He got Elvis major media exposure with his Graceland expansion talk. Prior to Sillerman, Elvis got little media attention outside of the anniversary time.

Simon Fuller is like a rock star where everyone knows his name and who he is. He alone will bring massive media coverage to Elvis, Graceland, 'Viva Elvis' and other future developments. He tried to get Elvis' music back in 2006 but didn't have the financed in line or he would have already owned them. Now that he's gotten backers and a $1 billion dollars of extra spending money on other assets, he can make an offer to RCA/SONY for Elvis' music rights, which would be well worth it. Look at Michael Jackson. The provate investors who bought his rights ended up selling them to SONY for a 10-album deal and now will pocket a fortune that otherwise would have been in the hands of the record company.

[vivaelvis]

I think Sillerman would have been if:

(a) he did not have cancer and

(b) the economic downturn had not happened.

He was in the right place at the wrong time.

Brian

I couldn't agree with you more. Very well put.

[KPM]

No offense but you sure do have a negative outlook. Sillerman and Fuller are nothing alike. Fuller is a go-getter while Sillerman is a future planner. I still think Sillerman did some great things in the short time he had and could still be a part of the future of Elvis. He got the 'Viva Elvis' deal done. He landed Elvis on American Idol in a virtual duet with Celeine Dion. He got Elvis major media exposure with his Graceland expansion talk. Prior to Sillerman, Elvis got little media attention outside of the anniversary time.

Simon Fuller is like a rock star where everyone knows his name and who he is. He alone will bring massive media coverage to Elvis, Graceland, 'Viva Elvis' and other future developments. He tried to get Elvis' music back in 2006 but didn't have the financed in line or he would have already owned them. Now that he's gotten backers and a $1 billion dollars of extra spending money on other assets, he can make an offer to RCA/SONY for Elvis' music rights, which would be well worth it. Look at Michael Jackson. The provate investors who bought his rights ended up selling them to SONY for a 10-album deal and now will pocket a fortune that otherwise would have been in the hands of the record company.
I would have to disagree with you-I have a wait and see "realistic attitude" based on the way life plays out and my exeriences.
I had the same wait and see attitude when Sillerman bought his 85%-while others were exclaiming how quickly things were going to change-a whole list of things were trotted out month after month until many got fairly sick of the "Sillerman the wizard of business" drumbeat. Sure he got some things done-but lets face it he also failed on many fronts (and not just because of the downturn)

I think I called the situation pretty well back then in a realistic non speculative fashion-as the last 5 and half years have shown.
I have no reason to speculate on what Fullers involvement "may or may not mean" speculation is part of the problem-raising expectations for quick results and progress.............I understand that no one has a crystal ball:
"No one has any idea what will happen, what speed it will move at and all the other intangibles involved- is a realistic way to see this"
I do not see that as pessimistic-realistic is a better term.
As far as your description of Fuller and his bringing massive media coverage etc.......substitute the name Sillerman and its pretty close to the description we heard from others in posts 5 and a half years ago when Sillerman first came to the front. Realistic-not pessimistic.

[KPM]

I think Sillerman would have been if:

(a) he did not have cancer and

(b) the economic downturn had not happened.

He was in the right place at the wrong time.

Brian
I think honestly he bit off more than he could chew-he and his advisors planned poorly from the get go, raised expectations to high(along with supporters speculation which raised expectations higher)....
It seemed like the planning was never finalized and that hurt the goals (whatever they were)
Hotels, convention centers, theme parks, Las Vegas plans, etc..........the scale was astronomical with no real focus-you can not run a business like that.
The economic turndown was not the problem when he began his quest to buy the 85%, and it was not the problem for the 4 years after-so I think that is a factor-but poor planning was the real problem.

[vivaelvis]

The latest on CKX is that there's about to be a two way race for the highest bidder between Simon Fuller and Allen Shapiro. That's exactly what CKX was hoping for was a bidding war. Also, I found out that Robert Sillerman is indeed still in charge of EPE and CKX. The reason being that he owns the largest percentage of CKX with 20% of the shares and is the founder of the company. He's just not on the board of regents anymore after resigning. In other words, whoever ends up buying CKX, Sillerman will have a say in it.

[KPM]

The latest on CKX is that there's about to be a two way race for the highest bidder between Simon Fuller and Allen Shapiro. That's exactly what CKX was hoping for was a bidding war. Also, I found out that Robert Sillerman is indeed still in charge of EPE and CKX. The reason being that he owns the largest percentage of CKX with 20% of the shares and is the founder of the company. He's just not on the board of regents anymore after resigning. In other words, whoever ends up buying CKX, Sillerman will have a say in it.
Sure he will have a say-but if the new buyer(or buyers) acquires anything above Sillermans 20%-he will not even be the largest single stockholder.
Sure he has 20% of the company-but never forget that means 80% is owned by others-he may be the largest single stockholder as of today.......but his resignation shows that means little if the people who own the other 80% band together and decide they want a different direction, leadership etc.
He is no longer in charge of the board-he is just a stockholder....unless this company operates unlike all other companies with boards-the board makes desicions and if stockholders are unhappy with those decisions they are voted out of power in the stockholder meetings.
Proxy fights-are legendary in the business world, where smaller stockholders with combined shares can actually run the company by putting in their own person to run the show-regardless of who has the most indivdual shares-unless Sillerman would have 51% of the stock-he is not invulnerable and does not totally call the shots.

[KPM]

From a recent Los Angeles Times story by Joe Flint:
......Simon Fuller, the creator of "American Idol" who until earlier this year was a senior executive and board member at the company, is the latest to throw his hat into the ring over the fate of CKX.

Fuller is teaming up with financier and former Barclays banker Roger Jenkins on a $600-million bid for CKX, a person close to the situation said. CKX confirmed receiving an offer from Fuller on Friday but did not provide any details.

Fuller's offer comes two months after CKX was approached by One Equity Partners, a private-equity arm of JPMorgan Chase & Co. that has recruited Hollywood veteran Allen Shapiro, president and chief executive of Mosaic Media Group, as part of its effort. The offer from One Equity was for $550 million, a person close to that group said.

Also expected to make a run at CKX is its founder, Robert F.X. Sillerman, who resigned as chairman and CEO of the company this month. At the time, Sillerman said he was considering a bid for the entertainment and licensing firm. Sillerman could not be reached for comment.

A competition between Fuller and Sillerman for CKX would be a new twist for the onetime business associates. CKX bought Fuller's 19 Entertainment five years ago for $200 million. Fuller kept running the company and took a seat on the board.
Then, in 2007, Fuller was going to join Sillerman's efforts to take CKX private, but the duo were unable to raise the cash.

This year, Sillerman and Fuller appeared to sour on each other. Amid speculation that Fuller was going to try to take over CKX, Sillerman went on the offensive and, in a January interview with The Times, said running a public company would not play to Fuller's strengths."Simon is much more interested in creating things than he is in meeting with analysts and handling the chores of a public company chief executive," Sillerman said.....Just a few days later, Fuller announced his resignation as head of 19 Entertainment and gave up his board seat.............................................. ...


IMO-If you wonder why things have moved so slowly for the last 5 and a half years-the infighting seems to be part of it. Add in poor planning and here we are 5 and a half years later.

[KPM]

From the Commercial Appeal:
Memphis officials can only be concerned about the part of a proposed Graceland area redevelopment that they can control: improvements to the street and public infrastructure, Collins said.

Sillerman in 2007 unveiled a plan calling for a $250 million development that might include new hotels, visitors center, attractions and shops.

]CKx officials weren't commenting Friday on the impact a sale might have on redevelopment of company holdings connected to the iconic Presley home at 3734 Elvis Presley Blvd.
Nor would they comment on whether Sillerman played a part in Fuller's offer.[/B]"Not commenting and I honestly don't know," said Edmund Tagliaferri, spokesman for CKx.
http://www.commercialappeal.com/news/2010/may/28/simon-fuller-makes-bid-company-runs-graceland-memp/



IMO- it appears the redevelopement of the Graceland area is on hold for the near future according to CKX's own statement.

[KPM]

Well we now have another potential takeover bid from an unnamed 3rd party according to this article in the Commercial Appeal:

http://m.commercialappeal.com/news/2010/jun/24/ckx-responds-to-new-takeover-bid/
By Wayne Risher
Published Thursday, June 24, 2010

A regulatory filing Wednesday further clouded who might be pulling the strings at Graceland.

For the third time in less than two months, the parent corporation of Elvis Presley Enterprises on Wednesday reported prospective takeover activity.

The CKx Inc. board approved a measure to protect stockholders from "potentially coercive takeover tactics," after an unnamed third party served notice of a potential acquisition bid. ...........