Hipgnosis Song Management has responded to the Hipgnosis Songs Fund board over proposed takeovers, saying 'we will vigorously protect our interests.'
, released a statement Monday saying it has “repeatedly been blamed for many issues affecting the which were not HSM’s responsibility” and that it “will vigorously protect its interests should the purport to terminate” it as investment advisor.
“HSM will vigorously protect its interests should the purport to terminate the IAA,” the statement continues. “We will use all means necessary to defend our contractual position and interests. It is important that shareholders, songwriters and artists understand that HSM has acted appropriately and professionally in our role as Investment Advisor and fully in accordance with the IAA.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hipgnosis Songs Fund Board Likes Blackstone’s ‘Possible’ $1.5 Billion BidThe board of directors of the music royalty say they would switch their support from Concord's bid to the private equity giant's offer if Blackstone makes it official
Read more »
Blackstone Submits $1.5 Billion Takeover Bid for Hipgnosis Songs Fund, Rivaling ConcordPrivate equity giant Blackstone submitted a $1.5 billion proposal to take over Hipgnosis Songs Fund, rivaling Concord's earlier $1.4 billion offer.
Read more »
Hipgnosis Songs Fund Agrees $1.4bn Sale to Concord ChorusThe deal values each Hipgnosis share at £0.93, a premium of roughly one third the royalty fund’s shareprice at the close of trading on Wednesday.
Read more »
Hipgnosis Songs Fund Overstated Revenue, Earnings & Its Stakes in Music Catalogs, Says New ReportHipgnosis Songs Fund inflated earnings, song catalog stakes and more, says a report on the fund with stakes in catalogs by Justin Bieber and more.
Read more »
Beyonce and Shakira song fund Hipgnosis agrees $1.4 billion sale to ConcordFinancing for the deal will be supported by Concord’s partner Apollo Capital Management, the U.S. private equity giant.
Read more »
Hipgnosis: What Led to the Music Disruptor’s Plummeting ValuationHow the ambitious 'song management' company went from industry game-changer to cautionary tale
Read more »