Consumer marketing and branding company Authentic Brands Group has acquired the licensing rights to Elvis Presley and Muhammad Ali from Core Media Group, and CVS Caremark has entered into an agreement to buy Apria Healthcare Group's Coram infusion therapy business for approximately $2.1 billion in cash.
December 05, 2013 at 12:00 AM
1 minute read
Consumer marketing and branding company Authentic Brands Group (ABG) has acquired the licensing rights to Elvis Presley and Muhammad Ali from Core Media Group.
Though the sum paid by ABG to acquire both properties was not disclosed, the New York Post reported that the price tag for the Presley rights alone is thought to be as much as $125 million. ABG is backed by Los Angeles-based private equity firm Leonard Green & Partners.
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