Chuck E. Cheese sold for nearly $1 billion
Mr. Chuck himself.
Let's paint a little picture of one corporate story in the news this Thursday morning...
Men and women in $4000 suits sitting around a fancy, mahogany-lined boardroom at a big private equity firm.
They're earnestly discussing a new and promising acquisition...
Chuck E. Cheese. You know, the place where "a kid can be a kid?"
An entity connected to Apollo Global Management is buying the restaurant and arcade game chain for $950 million (when the assumption of debt is included)
Chuck E. Cheese -- the restaurant chain with pizza, high-pitched laughter and sometimes tears.