Terri saying, "Rumors you have been ring shopping?" Simon's response, "No� I haven't been ring shopping." Cowell has, however, been spending time getting to know Silverman's family. He was spotted in Miami last week with Lauren's father. Simon explained, "I've met him before. He was a cool guy. We got on really well."

Simon's businesses are also doing really well. He just signed a deal for a reported 150 million pounds with ITV to keep "The X Factor" and "Britain's Got Talent" on the air in Britain for another three years. "It's great they've shown confidence in both shows, so it's good."

Simon also said at some point he would go back and do "The X Factor" in the UK. "It's my baby."