Simon Fuller Makes Bid to Acquire CKx

CKx, the rights owner of Elvis Presley Enterprises, Muhammad Ali Enterprises and American Idol, has revealed that Simon Fuller and a group of investors have made a bid proposal to acquire the company for reported a $600 million.

In a statement, the company says "it does not expect to make any additional statements or provide any further information regarding the status of any discussions or any possible transaction unless a definitive agreement is entered into or adopted."

CKx owns 19 Entertainment, which the company acquired from Fuller in 2005.