On May 10, 2011, CKX, Inc. it has entered into a definitive merger agreement to be acquired by an affiliate of Apollo Global Management ("Apollo"). The company was to be sold in $5.50 per Common Share, for total $560 million. In 2011-06-16, CKX Entertainment Offeror, LLC (f/k/a Colonel Offeror Sub, LLC) ("Offeror") and CKX, Inc. ("CKX") announced the successful completion of the acquisition offer of approximately 50,819,769 Common Shares, with offering period set to expire at 5:00 p.m., New York City time, on 2011-06-20. In 2011-06-21, Offeror and CKX announced the successful completion of the tender offer by Offeror.