Blackstone offers one extra cent to buy Hipgnosis as takeover nears
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Blackstone has upped its bid for Hipgnosis Songs Fund by one cent as it gets closer to snapping up the music rights owner of artists from Beyonce to Blondie. On Monday Blackstone, a US private equity firm, said it had revised its offer price after discussions with the Hipgnosis board. It has risen by one US cent per share, valuing Hipgnosis at about 1.58 billion US dollars, an almost 50% premium on the closing price of Hipgnosis shares before an offer was made.
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