Blackstone offers $1.5bn for Hipgnosis Songs Fund Ltd, competing with Concord's earlier bid.

Blackstone Inc. plans to offer $1.5bn for Hipgnosis Songs Fund Ltd, competing with Concord's earlier bid, according to Sky News. The London-listed music rights investment company owns song catalogs from Blondie, Kaiser Chiefs, and Red Hot Chili Peppers. Blackstone has made prior offers for Hipgnosis, as a takeover battle seems to be on the horizon.