Hipgnosis in takeover tussle as UK music investor says it would accept rival bid
by Jasper Jolly from on (#6M7V7)
Possible counteroffer by Blackstone could derail agreement with US fund Concord Chorus
The troubled owner of music back catalogues ranging from Beyonce to Neil Young has said it would accept a takeover offer from Blackstone, after the private equity investor revealed it was considering outbidding a rival rights owner's deal.
Hipgnosis Songs Fund (HSF) launched a strategic review after a turbulent period on the London Stock Exchange, and now faces the prospect of a takeover contest after saying on Sunday it would back Blackstone's approach over last week's agreement with Concord Chorus.
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