Blackstone Prepares to Make Fresh Hipgnosis Bid, Sky News Says [BNN Bloomberg (Canada)]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: BNN Bloomberg
The new offer from Blackstone will be a significant improvement on the bid made by Concord, which has been recommended by the board of Hipgnosis, Sky News said, citing people familiar with the matter. In a regulatory filing on Wednesday, Concord agreed to acquire Hipgnosis for $1.51 billion, which equates to $1.25 per share. This was an increase from the previous agreed bid of $1.16 per share. The revised deal from Concord, which is backed by Apollo Global Management Inc., was just above Blackstone's proposal of $1.24 per share. Hipgnosis owns the song catalogs of Blondie and the Red Hot Chili Peppers. An acquisition would cap a period of turmoil for Hipgnosis, which has struggled to recoup its investment in music rights. ©2024 Bloomberg L.P. Top Picks Top Stories Ottawa moves to expand CRA audit powers. What you should know Documents reveal Ottawa's efforts to get Loblaw, Walmart on board with grocery code IBM plots US$730M expansion of Canadian semiconductor site
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APO
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- 5/2/24 - Beat
APO
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- 5/13/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- APO's page on the SEC website