Hipgnosis bidding war shows these corporate jukeboxes are valuable after all
The bidding war between Blackstone and Concord for Hipgnosis shows that the music asset class has not lost its allure, Jess Jones writes
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The bidding war between Blackstone and Concord for Hipgnosis shows that the music asset class has not lost its allure, Jess Jones writes
Investegate announcements from Recommended increased cash offer for Hipgnosis
What's next for Hipgnosis and founder Merck Mercuriadis as Concord and Blackstone vie to acquire the embattled song fund?
Hipgnosis, which owns the back catalogues of Blondie, Shakira and Eurythmics co-founder Dave Stewart, accepted a £1.1billion acquisition bid from US rival Concord Music last week.
Hipgnosis Songs has soared by nearly a third on the back of a $1.4bn deal to acquire the trust, with potential for the offer to ignite a bidding war.