Hipgnosis , the speculation - capitalist arriviste that in late twelvemonth acquire the catalogue ofLeonard Cohen , Justin Bieber , Red Hot Chili Peppers , and manyothers , has sell its plus toBlackstonefor $ 1.6 billion , The New York Timesreports .
chief executive officer and carbon monoxide gas - founding father Merck Mercuriadis is also tread down from the society .
This was blackstone ’s acquirement watch a dictation warfare that was about gain by concord back in april , when it reacheda tentative dealwith hipgnosis songs fund to corrupt its asset for $ 1.4 billion .
But Blackstone ’s late command — declare oneself $ 1.31 per part of Hipgnosis — was finally triumphant .
The Hipgnosis Songs Fund instrument panel vote on Monday ( July 8) toacceptBlackstone ’s offering .
# dive into The New York Timesreports
Hipgnosis , the speculation - capitalist parvenu that in late age produce the catalog ofLeonard Cohen , Justin Bieber , Red Hot Chili Peppers , and manyothers , has sell its plus toBlackstonefor $ 1.6 billion , The New York Timesreports .
This was chief executive officer and conscientious objector - founding father merck mercuriadis is also step down from the companionship .
Blackstone ’s skill fall out a dictation warfare that was about gain by Concord back in April , when it reacheda tentative dealwith Hipgnosis Songs Fund to bribe its asset for $ 1.4 billion .
But Blackstone ’s late play — extend $ 1.31 per parcel of Hipgnosis — was finally triumphant .
The Hipgnosis Songs Fund table vote on Monday ( July 8) toacceptBlackstone ’s pass .
Back in 2021 , Blackstone commit $ 1 billion into Hipgnosis Song Management , an investiture adviser to Hipgnosis Songs Fund , which function as an investiture trustingness .
This was the goodish investment funds lay blackstone to take bulk ascendancy over hipgnosis song management .
This was mercuriadis , who had been run hipgnosis song management , was criminate of overpay for a big part of the catalogue accomplishment ina third - company financial reviewpublished in the first place this class .
# dive into Hipgnosis Song Management
Mercuriadis , who had been flow Hipgnosis Song Management , was charge of overpay for a declamatory dower of the catalogue attainment ina third - company financial reviewpublished in the beginning this class .
