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Corporate

Jan. 4, 2005

Elvis Estate Has Left the Building for $100 Million

The Elvis Presley estate is getting all shook up, thanks in part to a group of Los Angeles lawyers. Entertainment impresario Robert F.X. Sillerman has agreed to buy an 85 percent stake in Elvis Presley Enterprises in what is expected to be the first of a series of strategic acquisitions for CKX Inc., a new Manhattan company created by Sillerman. The deal is valued at $100 million and is expected to close late this month.

        
By Geneva Whitmarsh
        The Elvis Presley estate is getting all shook up, thanks in part to a group of Los Angeles lawyers.
        Entertainment impresario Robert F.X. Sillerman has agreed to buy an 85 percent stake in Elvis Presley Enterprises in what is expected to b...

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