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-0.000276982734742878 -0.000276982734742878 -0.0015695688302096 -0.00332379281691441 -0.00138491367371439 -0.00646293047733361 -0.0115409472809528 -0.011725602437448
Stock impact report

Music Rights Buyer Hipgnosis, Home to Justin Bieber and Neil Young Catalogs, Sells to Concord for $1.4 Billion [Yahoo! Finance]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Yahoo! Finance
Nashville, Tennessee-based Concord, which is backed in this deal by private equity company Apollo Global Management, offered Hipgnosis investors $1.16 per share in cash, the company said in a regulatory filing . That's a 32% bump from the stock's Wednesday closing price in London. Hipgnosis' board unanimously agreed to the deal, which comes after turmoil at the company founded in 2018 in London by Merck Mercuriadis, who once managed stars like Elton John and Beyonce. While it spent nearly $3 billion buying the catalogs rights of stars like Justin Timberlake , Shakira and The Red Hot Chili Peppers, it was never able to convert the investments into solid returns for its investors. The deal is backed by a number of top shareholders, representing about 29 per cent of Hipgnosis' issued share capital, The Financial Times reported. But Reuters noted the sale hinges on approval from Mercuriadis, who leads Hipgnosis Song Management, the company's investment adviser, which holds an optio Show less Read more
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