American Idol majority owner CKX is close to getting purchased by an investment consortium, according to information confirmed by the company. “In response to market rumors, CKX confirmed today [Monday] that it is engaged in discussions regarding a possible transaction involving the sale of the company,” CKX stated.

The deal could involve One Equity Partners, the private equity arm of JP Morgan Chase and Co. But CKX declined to disclose the identities of the suitors, and stressed that the outcome is far from certain.

According to terms previously disclosed by the Wall Street Journal, the deal would likely offer a 6 percent premium over a Thursday closing price of $5.48 (CKXE). Additionally, chief executive Robert FX Sillerman would likely retain his current, 21 percent stake.