Blackstone Wins Shareholder Support to Buy Hipgnosis Songs Fund
With 99.97% of shares voted voting for its $1.6 billion offer, Blackstone now owns 100% of the company that popularized music as an asset class
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Read more: Blackstone Wins Shareholder Support to Buy Hipgnosis Songs Fund -
Merck Mercuriadis Stepping Down as Hipgnosis Song Management Chairman
Read more: Merck Mercuriadis Stepping Down as Hipgnosis Song Management ChairmanThe company’s founder calls it the “right time” to “undertake a strategic shift of focus.”
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Blackstone Says Its June 3 Offer for Hipgnosis Songs Fund Is Final
Read more: Blackstone Says Its June 3 Offer for Hipgnosis Songs Fund Is FinalThe private equity giant is sticking to its offer of $1.31 per share, which values Hipgnosis Songs Fund’s share capital at $1.584 billion.
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Hipgnosis Songs Fund Board Backs Blackstone’s Revised Takeover Plan
Read more: Hipgnosis Songs Fund Board Backs Blackstone’s Revised Takeover PlanThe investment giant raised its offer for the London-listed fund by a penny per share in a new acquisition scheme that incurs lower advisory fees.
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Blackstone, Business, Business News, catalog acquisitions, Concord, Hipgnosis, Hipgnosis Songs Fund, Tech Industry, Tech News
Concord Officially Calls Off Bid for Hipgnosis Songs Fund
Read more: Concord Officially Calls Off Bid for Hipgnosis Songs FundThis paves the way for Blackstone to add the London-listed catalog company to SESAC, MNRK and other music companies in its portfolio.
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Blackstone, Business, Business News, Concord, Hipgnosis, Hipgnosis Song Management, Hipgnosis Songs Fund, Tech Industry, Tech News
Concord Ends Bidding War for Hipgnosis Songs Fund, Blackstone Poised to Take Over
Read more: Concord Ends Bidding War for Hipgnosis Songs Fund, Blackstone Poised to Take OverConcord said on Thursday it would not raise its bid to beat Blackstone’s $1.6 billion offer for the publicly listed music royalty fund.
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Hipgnosis Songs Fund Board Now Backs Blackstone’s $1.6 Billion Acquisition Bid
Read more: Hipgnosis Songs Fund Board Now Backs Blackstone’s $1.6 Billion Acquisition BidConcord’s offer of $1.25 per share has been rejected, with HSF directors now recommending shareholders go with Blackstone.
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Business, Business News, Hipgnosis, Hipgnosis Song Management, Hipgnosis Songs Fund, Tech Industry, Tech News
How High Can Hipgnosis Songs Fund Bidding Go? Some Investors Think Higher
Read more: How High Can Hipgnosis Songs Fund Bidding Go? Some Investors Think HigherHSF shares have recently been trading above the latest offer prices, suggesting some investors expect the bidding to continue.
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Business, Business News, Concord, Hipgnosis, Hipgnosis Songs Fund, Merck Mercuriadis, Tech Industry, Tech News
Concord Raises Offer in Fight to Take Over Hipgnosis Songs Fund
Read more: Concord Raises Offer in Fight to Take Over Hipgnosis Songs FundThe Nashville-based company is now offering $1.25 per share, a penny more than Blackstone’s possible bid, and says it wants to sell 30% of the fund’s assets.
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Blackstone, Business, Business News, Concord, Hipgnosis, Hipgnosis Songs Fund, Merck Mercuriadis, Tech Industry, Tech News
What’s Next for Hipgnosis? A ‘Roller Coaster’ of Missteps Brings the Fund and Its Founder to a Crossroads
Read more: What’s Next for Hipgnosis? A ‘Roller Coaster’ of Missteps Brings the Fund and Its Founder to a CrossroadsAs Concord and Blackstone vie to acquire the embattled song fund, Merck Mercuriadis’ future with its investment adviser remains unclear.
