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Hipgnosis in takeover battle as UK music investor says it would accept rival bid

The Guardian M&A

Possible counteroffer by Blackstone could derail agreement with US fund Concord Chorus The troubled owner of music back catalogues ranging from Beyoncé to Neil Young has said that it would accept a takeover offer from Blackstone, after the private equity investor revealed it was considering outbidding a rival rights owner’s deal.

Equity 97
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Hipgnosis backs £1.3bn private equity takeover by Blackstone

The Guardian M&A

Hipgnosis Songs Fund said it was recommending the offer, which trumps a rival $1.4bn bid by US-based royalties fund Concord Music. Continue reading.

Equity 83