Blackstone Considers $1.5 Billion Bid for Hipgnosis, Sky Reports

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Blackstone Considers $1.5 Billion Bid for Hipgnosis, Sky Reports
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(Bloomberg) -- Private equity firm Blackstone Inc. is planning to offer nearly $1.5 billion to purchase Hipgnosis Songs Fund Ltd., competing with a bid made ...

-- Private equity firm Blackstone Inc. is planning to offer nearly $1.5 billion to purchase Hipgnosis Songs Fund Ltd., competing with a bid made earlier this week by Concord , Sky News reported, citing people it didn’t identify.Nigeria’s Economy, Once Africa’s Biggest, Slips to Fourth Place

Hipgnosis’ board on Thursday unanimously agreed to a deal with Concord, stating it’s unlikely that the share price will increase to reflect the company’s performance because of “numerous company-specific and certain market issues.”The deal caps a period of turmoil for the troubled fund, after a strategic review concluded in March that its assets were worth significantly less than Hipgnosis Song Management, its investment adviser, had reported last September.

An FAQ on the Truth Social owner’s website gave stockholders multiple ways to avoid their shares being lent to short sellers.In this article, we are going to discuss the 15 countries with the largest proven oil reserves in the world.

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