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Elvis Museum Set to Get All Shook Up

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From Bloomberg News

The building has left Elvis, at least for now.

CKX Inc., producer of the “American Idol” television program, said Tuesday that it agreed to acquire the Las Vegas Elvis-A-Rama museum, which it would close to make way for a “world-class” Elvis-themed attraction.

CKX, which controls the name, image and likeness of Elvis Presley, didn’t disclose the price it would pay for the museum, website and most of the memorabilia on display.

The seller, Elvis memorabilia collector Chris Davidson, would get the right to open an Elvis museum in Hawaii, CKX said.

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CKX Chief Executive Robert F.X. Sillerman said, “Establishing a major presence for the Elvis brand in Las Vegas is an important priority of the company.”

CKX shares rose 22 cents to $12.48.

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