Concord makes $1.4BN cash bid to acquire Hipgnosis Songs Fund’s assets

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On April 24, 2024
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The big question all of this begs, of course: What happens to Merck Mercuriadis and his Blackstone-backed Hipgnosis Song Management (HSM), which continues to be HSF’s investment adviser? The HSF board, in its announcement today, essentially requested that HSM leave without a fuss. Will HSM quietly accept this termination agreement? Don’t bet on it. – by Tim Ingham / Music Business Worldwide
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