Under Apollo Global Management's (NYSE: APO) ownership for less than a year, Chuck E. Cheese is already growing the company franchise by merging with Peter Piper Pizza.

Chuck E. Cheese—a popular restaurant and amusement center chain geared toward children—is facilitating the deal through parent company CEC Entertainment. Peter Piper,  an entertainment restaurant franchise in its own right, was put up for sale by owner Acon Investments in July. Terms of the transaction remain undisclosed.

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