Blackstone tells HSF shareholders: Don’t move a muscle, we’ll be right back

Concord launched a USD $1.511 billion bid for the UK-listed company’s assets, at $1.25 per share. That bid very slightly topped a recent $1.50 billion takeover proposal from Blackstone, which valued HSF at $1.24 per share. Today (April 25), Blackstone issued a terse-but-fascinating comment to the markets, and specifically to HSF shareholders, in the wake of Concord’s new offer.

Source: After Concord bids $1.511bn for Hipgnosis Songs Fund, Blackstone tells HSF shareholders: Don’t move a muscle, we’ll be right back

RightsTech Extra

The TikTok Follies

By Paul Sweeting

Congress has passed, and President Biden has now signed, a bill requiring ByteDance to sell TikTok to an American buyer or American-controlled company within 270 days (possibly extendable to a year), or face having the app banned from the U.S. Things are not likely to work out quite as neatly as that forced choice would have it. TikTok CEO Shou Zi Chew issued a defiant statement in response to the bill’s passage proclaiming “we aren’t going anywhere,” and vowing to challenge the law in court. “We are confident, and we will keep fighting for your rights in the courts,” he said. “The facts and the Constitution are on our side, and we expect to prevail again.”... Read More >>

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