Chuck E Cheese Owner in Talks to Sell Chain in Deal That Could Reach $2 Billion

The owner of Irving-based Chuck E. Cheese is in talks with investment firm Ares Management over a sale that could value the children's pizza and arcade chain at about $2 billion, people with knowledge of the matter said.Ares is negotiating with owner Apollo Global Management over the precise valuation, said the people, who asked not to be identified because they weren't authorized to speak publicly. Bain Capital, Hellman & Friedman and Warburg Pincus dropped out of the bidding process over pricing, the people said. It's unclear whether other parties are also negotiating with Apollo.  Continue reading...