Hipgnosis Drama Continues: Blackstone Bids $1.5 Billion for Troubled Music Fund, Topping Concord
by AOL.com
AOL.com— 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—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
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
Music Business Worldwide—After Concord bids $1.511bn for Hipgnosis Songs Fund, Blackstone tells HSF shareholders: Don’t move a muscle, we’ll be right back. It's all about those "irreovcables" Source