Blackstone Beats Concord With $1.6 Billion Bid for Hipgnosis Songs
(Reuters) - Blackstone has agreed to acquire Hipgnosis Songs Fund for about $1.57 billion, after the private equity giant outbid rival suitor Concord in the takeover battle for the music owner of artists such as Shakira and Red Hot Chili Peppers.
Hipgnosis, which owns the rights to songs by Justin Bieber and Neil Young, helped kick-start a rush on catalog sales. But its ...
Nashville-based independent music company Concord has agreed to buy Britain's Hipgnosis Songs Fund for $1.4 billion, the ...
Concord, a music rights investor, has agreed to buy Hipgnosis Songs Fund Ltd. in a deal that values the song ...
The Nashville-based company is now offering $1.25 per share, a penny more than Blackstone's possible bid, and says it wants to sell up to 30% of the fund's assets. By Elizabeth Dilts Marshall ...
(Reuters) -Shares of Hipgnosis Songs Fund climbed on Thursday after Apollo-backed Concord outbid a proposal by private equity ...
Hipgnosis Songs Fund said it was recommending the offer, which trumps a rival $1.4bn bid by US-based royalties fund ...
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