M&A

Blackstone ups bid for Hipgnosis with $1.57bn offer

By Frank Prenesti

Date: Monday 29 Apr 2024

(Sharecast News) - Music rights owner Hipgnosis said it it agreed terms on a $1.57bn (£1.26bn) takeover by private equity investor Blackstone, in the latest tit-for-tat battle with rival Concord.
Blackstone on Monday upped its offer to $1.30 a share in cash, or 104 pence a share, beating Concord's latest offer...

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