Beyonce and Shakira song fund Hipgnosis agrees $1.4 billion sale to Concord
by CNBC
CNBC— Financing for the deal will be supported by Concord's partner Apollo Capital Management, the U.S. private equity giant.
Music Business Worldwide—Concord isn’t giving up on Hipgnosis Songs Fund, as it bids $1.51 billion – less than 1% higher than Blackstone’s proposed offer. HSF's board is unanimously recommending this offer to shareholders Source
AOL.com—Hipgnosis Drama Continues: Blackstone Bids $1.5 Billion for Troubled Music Fund, Topping Concord. The already-complicated battle over control of Hipgnosis Songs Fund grew even more so on Saturday, as the private equity firm Blackstone bid $1.5 billion to the troubled fund — which includes the rights to catalogs by Neil Young, Shakira, Blondie, Journey, Lindsey Buckingham and others — pushing aside Concord’s $1.4 offer made earlier in the week. Blackstone already owns
Music Business Worldwide—Blackstone launches $1.57 billion bid for Hipgnosis Songs Fund; HSF board recommends offer to shareholders. With debt taken into account, Blackstone's latest offer values HSF at approximately USD $2.177 billion Source