Hipgnosis: “Minded” to go with Blackstone in takeover battle if £1.2bn bid firms up April 22, 2024 Concord had valued Hipgnosis Song Fund at $1.4bn (£1.1bn) in its bid last week, but Blackstone floated an offer seven per cent higher.
Hipgnosis would back Blackstone bid if it makes firm offer as bidding war heats up April 21, 2024 The board of Hipgnosis has said it would recommend a bid from private equity giant Blackstone to its shareholders if the company makes a firm offer.
Takeover battle looms for Hipgnosis as Blackstone makes bid April 20, 2024 A takeover battle has begun brewing for Hipgnosis Songs Fund, after Blackstone revealed today it would be making a rival bid.
The week that was: London woes, hedge funds short on water, and confusing jobs data April 20, 2024 Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.
Hipgnosis board approves £1.1bn Concord takeover offer April 18, 2024 Concord, which is controlled by Alchemy Copyrights, has proposed to buy Hipgnosis in a deal valued at $1.4bn (£1.1bn).
Hipgnosis boss calls for better copyright protection and pay for struggling musicians April 10, 2024 Hipgnosis boss Merck Mercuriadis has given evidence to a report which calls for better support and copyright protection for music artists.
Hipgnosis lost millions due to inflated growth projections, independent valuation reveals March 28, 2024 Inflated growth figures and overvaluation of the music catalogues led Hipgnosis Songs Fund to lose hundreds of millions over the last few years, an independent valuation of the trust has revealed.
Hipgnosis warns of overcharging issues after inflating its value March 18, 2024 The board of the embattled investment trust Hipgnosis Songs Fund has reduced its estimated operative net asset value (NAV) by 7.6 per cent after admitting it had mistakenly double counted accrued revenue. The error inflated the trust’s operative NAV from $1.995bn to $2.103bn, and the trust’s board has laid the blame for the mistake at [...]
Hipgnosis sees value of portfolio cut after new due diligence work March 4, 2024 The board appointed the third-party advisor following disagreements between the company and its investment advisor Hipgnosis Song Management Limited, over the value of its assets.