Hipgnosis Songs Ord (SONG.L)
| Previous close | 101.40 |
| Open | 102.60 |
| Bid | 103.00 x 0 |
| Ask | 103.20 x 0 |
| Day's range | 102.20 - 103.40 |
| 52-week range | 52.90 - 139.87 |
| Volume | |
| Avg. volume | 12,144,601 |
| Market cap | 1.248B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 10 July 2024 - 14 July 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 1.02 |
BloombergConcord 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 BloombergMalaysia 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 InvestorsMeta’s Miss Sparks Fears in Tech With More Earnings AheadHow to Get a Meeting With the UAE’s $1.5 T
ReutersHipgnosis' 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.
The TelegraphQuestor: Hold on to embattled pop music investment fund as bid battle hots up
Shareholders in Hipgnosis Songs may not yet be singing Sweet Dreams Are Made Of This but an emerging bid battle for the troubled royalties fund has at least restored the shares to their original launch price six years ago.
