CEC Entertainment, Inc. Sold to Apollo Affiliate for $1.3 Billion

On January 16th, 2014, CEC Entertainment, Inc. agreed to be acquired by an affiliate of Apollo Global Management, LLC for approximately $1.3 billion (including debt). CEC has not been privately owned since it was spun off as a public company back in 1988. Although details are still being finalized, and lawsuits have been filed attempting to stop the sale, you can read the story of CEC's acquisition here.