London-based music rights owner acquired singer’s catalogue in 2020
Chair of group set up to manage music rights will exit when $1.6bn purchase is completed
US private equity group moves to stop hedge funds with stakes in music rights owner from pushing for higher price
Private equity group planning to change offer to a ‘scheme of arrangement’ that would ease takeover
US group Concord walks away from bidding war for London-listed music rights group
Latest offer from US private equity group wins backing of UK-listed music rights owner
Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid
Effort to trump offer by Concord Chorus could trigger battle for music rights investor
Struggling music rights business strikes deal with US rival
Company says it will not pay a dividend ‘for the foreseeable future’
Changes in taste and the way audiences listen to music can alter valuations
Merck Mercuriadis in battle to stay on at investment trust that owns thousands of songs
Music rights owner says valuation should be treated with ‘higher degree of caution’
The UK investment trust may have little option but to begin selling its catalogue
London-listed group says independent valuer’s figure ‘materially higher’ than numbers implied by recent industry deals
PwC refused to reapply for the job at troubled music rights investor
Ensuring valuations are detailed, conservative and fully independent is a lesson to be learnt
Troubled company that owns song rights for artists including the Red Hot Chili Peppers must now review its options
Plus, the Hess dynasty tale and AirAsia taxis down Spac runway
Group battles to persuade investors to continue backing its status as an investment trust
Investment trust to look at all options including its management arrangements
Scrapping of interim dividend sends depressed share price to all-time low
Three’s not the magic number
Shares fall after London-listed group says dividend would have threatened compliance with debt covenants
Some investors believe the sale of music rights to a private sister fund owned by Blackstone undervalues the assets
