New Hipgnosis bid puts Blackstone on a high note

Private equity firm Blackstone is currently finalizing a revised offer to purchase Hipgnosis Songs Fund (HSF), the company that owns the music catalogues of popular artists like Shakira and the Red Hot Chili Peppers. According to insiders, Blackstone plans to submit an improved bid for HSF as early as Monday, surpassing the $1.25-per-share offer recommended by HSF’s board last Thursday from rival...

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