The board of directors of Hipgnosis Songs Fundwhich owns the entire music catalog of Shakira and other well-known artists, gave the green light to the offer launched by an entity supported by Blackstone worth approximately 1,472 million euros for the purchase of all their songs. The company released a statement, sent to the London Stock Exchange, acknowledging that this offer represents an attractive premium for shareholders. He also expressed his intention to “unanimously recommend” that Hipgnosis shareholders accept the proposal supported by Blackstone. “Since we began our strategic review, we have clearly focused on the analysis of all options to deliver value to shareholders. We are pleased that, as a result of the competing interests in the acquisition of Hipgnosis, our investors have the opportunity to immediately realize their stake at a higher premium”reiterated Robert Naylor, President of Hipgnosis.
Shakira songs for sale
In January 2021, Shakira sold the rights to 145 songs to this company with the aim of ensuring the well-being of his discography. “Selling my catalog was not a decision I made lightly. I wanted to ensure that if I sold it, I would choose a partner who would take seriously the role of guardian of my songs, who would work to protect and promote my life’s work and would also be involved in the future journey. With Merck (founder of the company) and Hipgnosis I knew I had found that partner.”, the singer said. Top secret the amount received from Gerard Piqué’s ex-girlfriend.
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