Blackstone to increase bid to level that would value London-listed group at nearly $1.6bn
Business live – latest updates
A private equity company attempting to take over Hipgnosis has sweetened its offer to value the troubled music rights owner at nearly $1.6bn (£1.26bn) as it attempts to end a protracted sale process.
Blackstone has said it will switch the offer for the Hipgnosis Songs Fund to a “scheme of arrangement deal”, which would require it to meet a higher threshold of shareholder support but could make the takeover quicker if it is achieved.
About Author
More Stories
Qantas posts $1.39bn profit as holidaymakers flock to Jetstar
#AltGov: the secret network of federal workers resisting Doge from the inside
Chinese fishing fleets using North Korean forced labour in potential breach of sanctions, report claims