On June 1, 2007, CKX, Inc. announced it entered into a series of transactions that would result in the sale of the Company at a price of $13.75 per share in cash and the distribution to CKX stockholders of shares in FX Luxury Realty, LLC, an affiliate of Robert F.X. Sillerman. The total value for the takeover bid between Fuller and Sillerman would value the company at $1.3bn, but their attempt failed due to its timing coinciding with the start of the Global Credit Crunch.