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. 

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