The report comes after Nashville-based Concord sweetened its bid for Hipgnosis on Wednesday to $1.25 per share, slightly higher than Blackstone's previous proposal of $1.24.
The new offer from Blackstone will be a significant improvement on the bid made by Concord, which has been recommended by the board of Hipgnosis, Sky News said, citing people familiar with the matter.
Hipgnosis Songs Fund has agreed to a 1.56 billion US dollar (£1.26 billion) takeover by US private equity giant Blackstone in the latest twist in the battle to buy the music rights owner of ...
Colombian singer Shakira performs with Argentine record producer and songwriter Bizarrap on the Sahara Stage during the Coachella Valley Music and Arts Festival in Indio, California, on April 12 ...
May 9 (Reuters) - Blackstone looked set to clinch its $1.57 billion deal for Hipgnosis Songs Fund after Apollo-backed Concord said on Thursday it would stick with its lower bid for the music ...
(MENAFN- Live Mint) " (Bloomberg) -- Private equity firm Blackstone Inc. made a new proposal worth about $1.5 billion to purchase Hipgnosis Songs Fund Ltd., topping a bid made last week by music ...
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, opens new tab which owns the music rights of artists including Shakira and Blondie, Sky News reported on Sunday. Blackstone's bid will trump independent music company Concord's proposal of $1.25 ...
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(Reuters) - Private equity giant Blackstone is preparing to lodge an improved bid for Hipgnosis Songs Fund which owns the music rights of artists including Shakira and Blondie, Sky News reported ...