Concord Chorus to buy music investor Hipgnosis Songs Fund for $1.4 bln [Reuters]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: Reuters
April 18 (Reuters) - Concord Chorus, a music and theatrical rights firm, has agreed to acquire British music investor Hipgnosis Songs Fund (SONG.L) New Tab , opens new tab for $1.40 billion, the companies said on Thursday. Shareholders of Hipgnosis Songs will get $1.16 apiece in cash, representing a premium of about 32% based on current exchange rates, and the company's board plans to unanimously back the deal. Concord said its financing partner Apollo Global Management (APO.N) New Tab , opens new tab will help finance the deal. Concord is indirectly controlled by Alchemy Copyrights, which acquired music copyright-focussed investment firm Round Hill Music Royalty Fund last year. ($1 = 0.8016 pounds) The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab
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APO
Earnings
- 2/8/24 - Beat
APO
Sec Filings
- 4/11/24 - Form 4
- 3/21/24 - Form 4
- 3/5/24 - Form 4
- APO's page on the SEC website