BX Jan 2026 175.000 put
- PA Media: Money
Blackstone set for Hipgnosis victory after rival suitor refuses to increase bid
Concord has said its offer is ‘final and will not be increased’ despite being outbid by rival Blackstone.
- Reuters
Blackstone likely winner for Hipgnosis Songs as Concord maintains lower bid
Shares in Hipgnosis, which also owns rights to songs by The Chainsmokers, were down 2.1% at 1.024 pounds ($1.28) in morning trade. 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.
- Reuters
UPDATE 2-Blackstone likely winner for Hipgnosis Songs as Concord maintains lower bid
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. Shares in Hipgnosis, which also owns rights to songs by The Chainsmokers, were down 2.1% at 1.024 pounds ($1.28) in morning trade. 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.
