Hipgnosis in takeover tussle as UK music investor says it would accept rival bid
Possible counteroffer by Blackstone could derail agreement with US fund Concord Chorus The troubled owner of music back catalogues ranging from Beyoncé to Neil Young has said it would accept a takeover offer from Blackstone, after the private equity investor revealed it was considering outbidding a rival rights owner’s deal.Hipgnosis Songs Fund (HSF) put itself up for sale after a turbulent period on the London Stock Exchange, and now faces the prospect of a takeover contest after saying on Sunday it would back Blackstone’s approach over last week’s agreement with Concord Chorus. Continue reading...
Possible counteroffer by Blackstone could derail agreement with US fund Concord Chorus
The troubled owner of music back catalogues ranging from Beyoncé to Neil Young has said it would accept a takeover offer from Blackstone, after the private equity investor revealed it was considering outbidding a rival rights owner’s deal.
Hipgnosis Songs Fund (HSF) put itself up for sale after a turbulent period on the London Stock Exchange, and now faces the prospect of a takeover contest after saying on Sunday it would back Blackstone’s approach over last week’s agreement with Concord Chorus. Continue reading...
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