LONDON, April 18 — Beleaguered UK music rights owner Hipgnosis Songs Fund, whose catalogue includes Justin Bieber, Shakira and Neil Young, today accepted a US$1.4-billion...
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How are hospitals and the sick in Gaza? Japan Doctors Without Borders chief shares experience, says injuries from Israeli assault like none you've seen beforeHipgnosis Songs Fund, whose catalogue includes Justin Bieber, Shakira and Neil Young, today accepted a US$1.4-billion takeover from US rival Concord. — Reuters picLONDON, April 18 — Beleaguered UK music rights owner Hipgnosis Songs Fund, whose catalogue includes Justin Bieber, Shakira and Neil Young, today accepted a US$1.
HSF and Concord “have reached agreement on the terms of a recommended cash offer”, the pair said in a statement.The London-listed fund, which has been plagued by concerns over asset valuations, recently slashed the value of its songs catalogue by more than a quarter to US$1.93 billion.
“After much hype led to great disappointment, soundtracked by questionable corporate governance, Hipgnosis Songs Fund is now the recipient of a takeover bid from Concord,” said Russ Mould, investment director at AJ Bell. “This might be the final chapter in the trust’s life as a listed entity, one that’s been filled with many dud notes.” — AFP
Justin Bieber Shakira Neil Young Song Catalogue Takeover Bid Concord
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