BX Stock Recent News

Diameter Capital Partners is showing nimbleness along with strength, returning money to clients even while raising $1.6 billion for its debut private credit vehicle, Bloomberg's Sridhar Natarajan tells Sonali Basak on "Bloomberg Markets." Meanwhile, Blackstone Inc. is leaning into private markets as part of its own $1 trillion credit push, Natarajan reports.

Hipgnosis Songs Fund on Monday said it had struck a new deal with Blackstone through which the private equity giant would fully acquire the company that owns the rights to the music of Neil Young and Shakira for an improved sum of £1.26 billion ($1.57 billion).

Hipgnosis Songs Fund Limited (LSE:SONG) has agreed terms on a cash offer from Blackstone priced at US$1.30 in cash, equivalent to 104p. It is up five cents on a second rival offer last week from record company Concord and six cents from a previous Blackstone offer a week ago.

Blackstone has agreed to acquire Hipgnosis Songs Fund for about $1.57 billion, after the private equity giant outbid rival suitor Concord in the takeover battle for the music owner of artists such as Shakira and Red Hot Chili Peppers.

Blackstone-owned Crown Resorts will cut up to 1,000 roles in Melbourne, Perth and Sydney, it said on Monday, as weak economic conditions continue to impact its business and as it struggles to keep up with regulatory obligations.

Private equity giant Blackstone is preparing to lodge an improved bid for Hipgnosis Songs Fund which owns the music rights of artists including Shakira and Blondie, Sky News reported on Sunday.

Private equity firm KKR has agreed to buy a portfolio of 19 student housing properties from Blackstone Real Estate Income Trust for about $1.64 billion, the companies said on Thursday.

Hipgnosis Songs Fund has found itself at the center of a private-equity fuelled bidding war between Blackstone and Apollo-backed Concord Music Group following the Nashville music producer's new offer to pay $1.5 billion for the London-listed music investor.

Public and private real estate investments are fairly similar in terms of property acquisitions and asset selection. Publicly traded REITs tend to select higher quality assets and have higher occupancy rates compared to private equity real estate. The cost structures and fees associated with public and private real estate investments vary, with exchange-traded REITs offering a more cost-effective structure for large-cap companies.

Hipgnosis Songs Fund Limited (LSE:SONG) agreed a new, higher offer from Nashville record company group Concord of US$1.25 a share, announced yesterday evening.  Directors of the two companies said they had reached agreement on the terms of the increased cash offer, unanimously recommended by the Hipgnosis board.