Blackstone offers $1.6 million for owner of Blondie and Shakira catalogs

US funds Blackstone announced on Monday a $1.6 billion offer for ameliores stripes from British music catalog funds Hipgnosis Songs Fund (HSF), which owns Shakira or Blondie credits. Two businesses “he enters into an agreement on the terms and conditions of the acquisition in a special manner» et celle-ci recommended for Hipgnosis in these actions, Blackstone’s announcement in the communiqué. At $1.30 per share, HSF’s equity is valued at approximately $1.57 billion.

A streak of hypnosis in difficult financiers after many years is an object of enchères after a day’s work in Blackstone and America on alchemy. dollars, game data and accepted by HSF). “Compte Tenu de Son Inrecommander les Conditions de l’Acquisition” from Blackstone, le Conseil d’Administration d’Hipgnosis “decided unanimously to reject the recommendation concerning the proposal concerning the revision of Concord,” according to a statement Monday, which indicated the acquisition should be completed within three quarters.

The funds, created by legendary musicians Nile Rodgers and Merck Mercuriadis, the former manager of Beyoncé and Elton John, manage the rights to 150 music catalogs and sell them as well as their net worth of $3 billion. dollars. After announcing in December one triple issue of HSF, which also features the catalogs of stars such as Justin Bieber or the Red Hot Chili Peppers, wait for another day when the value increase of these actions occurs even before the plus d’un quart. In this important sense, CA will use the company’s existing liquidity to bridge the gap and waive the distribution of dividends under the new procedure.