CKX Nearing Sale?

CKX Inc. confirmed March 29 that it’s on the sales block and in talks with a prospective buyer.

The Wall Street Journal reported March 26 that CKX is close to a sale to One Equity partners for close to $6 per share.

Neither company confirmed that, and CKX warned there is no done deal yet.

No more information would be forthcoming until there is a firm agreement.

CKX is the owner of the “American Idol” franchise and a majority of Elvis Presley Enterprises.

Shares were up 24 cents, or 4 percent, to $6.20 in early trading March 29.