Previous Close | 18.08 |
Open | 18.08 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 115.00 |
Expire Date | 2025-06-20 |
Day's Range | 18.08 - 18.08 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
The $1.51 billion offer from Nashville-based Concord was its second proposal for the music rights investor as it battled Blackstone for rights to more than 65,000 songs, including tracks by Blondie and Neil Young. Blackstone, the world's largest private equity firm, had hiked its offer to $1.30 per share or about $1.57 billion in April, above Concord's bid to win Hipgnosis's board backing for the deal.
Apollo-backed Concord said on Thursday it will stick with its offer of $1.25 apiece for Hipgnosis Songs Fund, days after Blackstone outbid it for the music rights owner of artists such as Shakira and Red Hot Chili Peppers. The $1.51 billion offer from Nashville-based Concord was its second proposal for the music rights investor as it battled Blackstone for rights to more than 65,000 songs, including tracks by Blondie and Neil Young. Blackstone, the world's largest private equity firm, had hiked its offer to $1.30 per share or about $1.57 billion in April, above Concord's bid to win Hipgnosis's board backing for the deal.
(Bloomberg) -- Blackstone Inc. President Jon Gray said economic growth will slow as stubborn inflation weighs on the Federal Reserve’s ability to begin lowering borrowing costs. Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Postpones Documents Case Trial“We see a deceleration of growth,” Gray said at the