Possible counteroffer by Blackstone could derail agreement with US fund Concord Chorus
The troubled owner of music back catalogues ranging from Beyoncé to Neil Young has said that 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) put itself up for sale after a turbulent period on the London Stock Exchange, and now faces the prospect of a takeover battle after saying on Sunday it would back Blackstone’s approach over last week’s agreement with Concord Chorus.
