Apollo Management considering bid for American Idol

Apollo Management, the U.S. private equity firm, is considering a joint bid with one of the other firms eyeing up CKX Inc, the company that makes the American Idol television show. According to the New York Post, Apollo owner Leon Black is trying to decide whether the best means of buying the firm would be outright or with through debt financing. Last month, Robert Sillerman, CKX's founder and former CEO, said he was preparing a bid for the company for $5.50 to $5.75, which values the company at just over $500 million.

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