Hipgnosis Songs Ord (SONG.L)
- Bloomberg
Concord Poised to Increase Hipgnosis Bid to Top Blackstone
(Bloomberg) -- Music rights investor Concord increased its takeover bid for Hipgnosis Songs Fund Ltd. to $1.51 billion, trumping a rival proposal from Blackstone Inc.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks MarketHow to Get a Meeting With the UAE’s $1
- Reuters
Hipgnosis' bidding war intensifies as Concord hikes offer for Shakira music owner
Concord, a Nashville-based independent music company, sweetened its bid late on Wednesday for Hipgnosis to $1.25 per share, or about $1.51 billion, slightly higher than Blackstone's proposal of $1.24 apiece. Shares of Hipgnosis were up 1.1% at 1.028 pounds ($1.28) as the fresh offer fuelled prospects of a higher counter-bid from the world's largest private equity firm.
