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Published 14 days ago

Hipgnosis agrees $1.4bn sale to Concord Chorus

  • Hipgnosis Songs Fund's $1.4 billion sale to Concord is set to conclude, potentially closing the chapter on UK-listed music funds.
  • The deal, supported by Concord's Apollo Capital Management, offers a 32.2% premium per share, bringing more songs under Concord's ownership, from Pink Floyd to Justin Bieber.
  • Alchemy Copyrights, operating as Concord, finalized the acquisition of Hipgnosis at 93.2p per share, gaining rights to a diverse range of musical artists.
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The GuardianThe Guardian

UK music investor Hipgnosis agrees £1.1bn takeover by Concord Chorus

Shares in Beyoncé and Neil Young song fund rise amid hopes uncertainty over its future could be overBusiness live – latest updatesThe embattled British music royalties investment fund Hipgnosis, which owns the rights to songs by artists from Beyoncé to Neil Young, has agreed to a $1.4bn (£1.1bn) takeover by a music and theatrical rights rival after months of turmoil over the company’s structure and leadership.The Concord Chorus deal, which offer…

14 days ago·London, United Kingdom
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ReutersReuters

Headline Unavailable

14 days ago·United Kingdom
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Irish IndependentIrish Independent

Concord agrees £1.1bn deal to buy music rights fund Hipgnosis

Music royalties giant Hipgnosis has agreed to a 1.4 billion US dollars (£1.12 billion) takeover by US rival Concord.

14 days ago·Ireland
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CNBCCNBC

Music investment firm Hipgnosis agrees $1.4 billion sale to Concord

Financing for the deal will be supported by Concord's partner Apollo Capital Management, the U.S. private equity giant.

14 days ago·United States
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Shropshire StarShropshire Star

Concord agrees £1.1bn deal to buy music rights fund Hipgnosis

The board of the fund, which owns the back catalogues for artists including Justin Bieber and Shakira, has backed the 93.2 per share deal.

14 days ago·Ketley, United Kingdom
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Evening StandardEvening Standard

Hipgnosis Songs Fund agrees $1.4 billion sale to US firm

It also appears to be the end of the road for music mogul Merck Mercuriadis’ role in managing the famous songs fund

14 days ago·London, United Kingdom
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