Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Chuck E. Cheese sold for nearly $1 billion

Marketplace Staff Jan 16, 2014

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. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.