Robert F.X. Sillerman, the former chairman and chief executive of CKX Inc., the parent company of "American Idol" producer 19 Entertainment, made official his plans to pursue an acquisition of the company he founded.
In a Securities and Exchange Commission filing, Sillerman, who already holds 21.3% of the company's common stock, said he plans to increase his holdings in CKX either through private purchases or a public tender offer and that he is in talks with a "private financing source" to back his efforts.
Read more in the Los Angeles Times.
