Private equity firm Ares Management is in talks to acquire Chuck E. Cheese for around $2 billion from Apollo Global Management, per Bloomberg. The report adds that Bain Capital, Hellman & Friedman and Warburg Pincus has expressed interest in the company – which also has considered an IPO – but bailed over pricing.

Surprise party: This is the sort of company that should have disappeared in an age of home video-games, decent pizza and indoor trampoline parks, but instead is still worth $2 billion and has more than 700 locations.

Fun fact: Chuck E. Cheese was founded by Nolan Bushnell, who also founded Atari and was Steve Jobs' first boss.

Giphy

Go deeper

Amy Harder, author of Generate
26 mins ago - Energy & Environment

Climate change goes mainstream in presidential debate

Photo illustration: Aïda Amer/Axios. Photo: Olivier Douliery-Pool/Getty

The most notable part of Thursday’s presidential debate on climate change was the fact it was included as a topic and assumed as a fact.

The big picture: This is the first time in U.S. presidential history that climate change was a featured issue at a debate. It signals how the problem has become part of the fabric of our society. More extreme weather, like the wildfires ravaging Colorado, is pushing the topic to the front-burner.

Finally, a real debate

Photo: Morry Gash/AP

A more disciplined President Trump held back from the rowdy interruptions at tonight's debate in Nashville, while making some assertions so outlandish that Joe Biden chuckled and even closed his eyes.

  • A Trump campaign adviser told Axios: "He finally listened." 

The result: A real debate.

Biden to Trump: "I have not taken a penny from any foreign source ever in my life"

Former VP Joe Biden pushed back Thursday against allegations from President Trump, saying he had never profited from foreign sources. "Nothing was unethical," Biden told debate moderator Kristen Welker about his son Hunter's work in Ukraine while he was vice president.

Why it matters: Earlier on Thursday, Hunter Biden's former business partner, Tony Bobulinski, released a statement saying Joe Biden's claims that he never discussed overseas business dealings with his son were "false."