Blackstone triumphs in Hipgnosis bidding war as Concord refuses to raise offer

Blackstone has triumphed in the bidding war for Hipgnosis Songs Fund, as rival Concord Music has refused to raise its offer. In a stock exchange announcement today, Concord said it would not be increasing its offer of $1.25 per Hipgnosis share, leaving Blackstone’s offer of $1.30 per share as the highest offer on the table. [...]