Hipgnosis agrees to be taken over by Concord Chorus for over a billion dollars
Private equity firm Blackstone Inc. is planning to offer nearly $1.5 billion to purchase Hipgnosis Songs Fund Ltd., Sky News reports. Sky News: Blackstone is competing with a bid made earlier this week by Concord. Concord bid was made earlier in the week by Blackstone, Sky News says.
Blackstone tunes up £1.2bn bid for Blondie music owner Hipgnosis. Private equity behemoth Blackstone has already tabled several offers for the owner of songs performed by Shakira and the Red Hot Chili Peppers. Sky News learns that Blackstone is already in the market for the music giant.
Hipgnosis owns the rights to songs by Justin Bieber and Neil Young. The catalog giant helped kick-start a rush on catalog sales. But its future has been in doubt since the sale of its catalog rights to Justin Bieber, Neil Young and Justin Bieber. Hipgnossy owns rights to Bieber, Young songs, but its future in doubt.
Hipgnosis Songs Fund has agreed to a $1.4billion (£1.1billion) takeover deal by Concord Chorus. Hipgnoss Songs Fund agreed to the deal following a tumultuous period for the listed music rights investor. Concord will buy Hipgnos Songs Fund from Hipgnoses Songs Fund in a deal worth £1.2billion.
Music investment firm Hipgnosis agrees $1.4 billion sale to Concord. Financing for the deal will be supported by Concord's partner Apollo Capital Management, the U.S. private equity giant. The deal is expected to close within months of each other's interest.
UK music investor Hipgnosis agrees £1.1bn takeover by Concord Chorus. Shares in Beyoncé and Neil Young song fund rise amid hopes uncertainty over its future could be over. UK music investment firm Hipgnossa agrees takeover deal with UK music group Concord. Shares of Beyonce, Neil Young and Beyonce rise amid hope uncertainty over future of fund.
Concord to buy Hipgnosis Songs Fund Ltd. in a deal that values the song catalog company at about $1.4 billion. Concord, a music rights investor, has agreed to buy the company in the deal. The deal is valued at $1 billion, Concord says.