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Published 1 month 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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