Blackstone's $1.5 Billion Bid for Hipgnosis Sets Stage for Potential Takeover Battle

Monday, 22 April 2024, 10:35

Blackstone's recent $1.5 billion bid for Hipgnosis has heightened tensions in the music industry as a potential takeover battle looms. The bid outbid a previous offer from Concord and its private-equity backer Apollo, causing Hipgnosis to consider supporting Blackstone's proposal.

https://store.livarava.com/44b42d87-0094-11ef-a6bf-63e1980711b2.jpg — Blackstone's $1.5 Billion Bid for Hipgnosis Sets Stage for Potential Takeover Battle

Blackstone outbids Concord with $1.5 billion offer

Hipgnosis is inclined to support Blackstone's bid over Concord's previous £1.1 billion offer.

This development threatens to initiate a takeover battle in the music industry.

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