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Market
Will Blackstone complete acquisition of Hipgnosis by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Blackstone or Hipgnosis, financial news outlets
Story
Blackstone Raises Hipgnosis Offer to $1.31 Per Share, Valuing Deal at $1.58 Billion
Jun 3, 2024, 06:47 AM
Blackstone is set to sweeten its offer for Hipgnosis Songs Fund as part of a revised bid, according to reports from the Financial Times. On Monday, the private equity giant raised its offer by a cent to $1.31 per share, valuing the music rights owner at $1.58 billion. Hipgnosis Songs, which owns the music rights of artists such as Shakira and Red Hot Chili Peppers, has agreed to the improved takeover bid.
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Similar markets
Yes • 50%
No • 50%
Complete integration • 33%
Partial integration • 33%
Operational as standalone entity • 34%
No further investments • 33%
Investment in one additional company • 33%
Investment in two or more companies • 34%
No change in leadership • 33%
Partial change in board members • 33%
Complete overhaul of leadership • 34%
Tech Company • 33%
Healthcare Company • 33%
Other Sector • 33%