BX - Blackstone Shakes Up Music Industry With Hipgnosis Bid: Details | Benzinga
Blackstone Inc (NYSE:BX) has emerged as a contender in a potential bid to acquire Hipgnosis Songs Fund for approximately $1.5 billion, surpassing a previous offer from Apollo Global Management (NYSE:APO) backed Concord, igniting a takeover battle for the renowned music rights owner.
Blackstone made a fourth and latest proposal valuing Hipgnosis at $1.24 per share in cash, overshadowing Concord’s bid of $1.16 per share, reported Reuters.
Hipgnosis Songs Fund, renowned for its diverse catalog, including works by artists such as Shakira and ...