Concord ups the ante on Hipgnosis takeover battle
The music rights investor increased its bid to own the London-listed company’s enviable library of songs from iconic acts.
Music rights investor Concord increased its takeover bid for Hipgnosis Songs Fund Ltd. to $1.51 billion, trumping a rival proposal from Blackstone Inc.
Concord has agreed to acquire London-listed Hipgnosis for $1.25 a share, it said in a regulatory filing Wednesday, confirming an earlier Bloomber
Learn more about reprints and licensing for this article.
