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Blackstone outbids Concord in $1.6 billion takeover battle for Hipgnosis

Blackstone's formal offer valued the music rights investor at $1.30 per share, higher than Concord's $1.25 per share offer last Wednesday.

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Blackstone ups bid for Hipgnosis with $1.57bn offer

Music rights owner Hipgnosis said it it agreed terms on a £1.2bn takeover by private equity investor Blackstone, in the latest tit-for-tat battle with rival Concord.

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Blackstone mounts $1.5bn counterbid for Hipgnosis Songs Fund

Blackstone has launched a counteroffer for Hipgnosis Songs Fund (SONG), offering a 6.9% share price uplift on last week’s Concord Chorus offer.

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Hipgnosis Sogns Fund launches legal claim over indemnity

Hipgnosis Songs Fund updated the market on its pursuit of an indemnity from its founder Merck Mercuriadis on Monday, as well as Hipgnosis Songs Management Limited, the investment adviser majority-owned by funds linked to Blackstone.

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Hipgnosis investment manager refuses to drop controversial call option

The investment advisor to Hipgnosis Songs Fund has refused to drop a controversial call option, the troubled music rights owner confirmed on Tuesday.

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Hipgnosis proposes £20m payment to entice bidders

Troubled music rights owner Hipgnosis Songs Fund has asked shareholders to vote on a special resolution intended to help attract potential bidders.

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Hipgnosis losses widen, HICL Infrastructure ups investment in French road

London open
The FTSE 100 is expected to open 42 points lower on Thursday, having closed up 1.02% on Wednesday at 7,715.68.

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