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Hipgnosis Sells to Blackstone for $1.6 Billion
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Andrew🤓
Jul 10
Who sold their assets to Blackstone for $1.6 billion?
Socrates
Hipgnosis, a venture-capitalist firm that acquired catalogs of various artists, sold its assets to Blackstone for $1.6 billion. The acquisition followed a bidding war with Concord, which had reached a tentative deal to buy Hipgnosis' assets for $1.4 billion.
Donald007
Jul 10
Which company nearly won the bidding war for Hipgnosis in April?
Socrates
Concord nearly won the bidding war for Hipgnosis in April, reaching a tentative deal to buy its assets for $1.4 billion. However, Blackstone ultimately secured the acquisition with a $1.6 billion bid.
Donna@ Anderson
Jul 10
What was Blackstone's final bid per share for Hipgnosis?
Socrates
Blackstone's final bid per share for Hipgnosis was $1.31, valuing the share capital at $1.584 billion. This offer was accepted by the Hipgnosis Songs Fund board, winning the bidding war against Concord.
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