Merck Mercuriadis to step down as chair of Hipgnosis Song Management Music Merck Mercuriadis is to step down as chair of Blackstone-owned Hipgnosis Song Management (HSM) as the private equity giant vies to acquire the music catalogue it manages.
Hipgnosis Songs Fund pays directors extra £250,000 for work on deal Investment If the sale goes through, all fiver directors are expected to step down from the fund.
Blackstone ups Hipgnosis takeover bid… by one cent Investment Blackstone has upped its offer for Hipgnosis Songs Fund in an attempt to sweeten the deal for shareholders in its takeover pursuit.
Blackstone triumphs in Hipgnosis bidding war as Concord refuses to raise offer May 9, 2024 The bidding war first broke out on 18 April, after Concord initially offered $1.4bn for the portfolio of the music rights trust.
Rathbones cashes in on Hipgnosis bidding war as it sells almost entire stake May 7, 2024 A major shareholder has sold almost its entire stake in Hipgnosis Songs Fund after its shares spiked following a bidding war.
One Media IP: broker upgrades forecast for ‘only UK-listed alternative to Hipgnosis’ April 29, 2024 Broker Cavendish said it believes One Media IP remains the only UK listed avenue for investors to gain exposure to music royalties.
Hipgnosis board recommends new £1.25bn bid from Blackstone April 29, 2024 Blackstone's $1.30 in cash per share bid, higher than the revised offer from Concord Music, values Hipgnosis at about $1.57bn (£1.25bn).
Blackstone turns up the volume in bidding war for Hipgnosis April 28, 2024 Blackstone is gearing up to submit a bigger bid for the London-listed fund that owns the rights to songs by Justin Bieber and Shakira.
Hipgnosis bidding battle hots up as Concord pips Blackstone bid April 25, 2024 This comes after Blackstone the board of Hipgnosis had said it would be “minded” to switch horses in a takeover battle should a firm offer from US private equity giant Blackstone arrive, over the weekend.
Mark Kleinman: A remix at Hipgnosis and accountancy drama April 25, 2024 Mark Kleinman gets the City talking with his weekly column