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Evening Standard

Business

Simon Hunt

Hipgnosis Songs Fund takeover 'more likely' after portfolio value plunge

Hipgnosis Hipgnosis Songs Fund Blackstone

The odds of a takeover of Hipgnosis Songs Fund were raised today after a sharp cut in the estimated value of the firm’s portfolio saw its shares tumble.

Hipgnosis, which owns a catalogue of songs by the likes of Blondie Neil Young, today said its portfolio had been revised down by advisers Shot Tower to a fair market value of $1.8-$2 billion from a previous valuation of $2.62 billion in September. That would result in a cut to its net asset value (NAV) per share to 92p down from 137p.

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Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

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Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

Hurricane Isaias has left nearly 396,000 customers without power across the Florida Panhandle and southern Alabama

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Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

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Isaias left more than 390,000 Alabama and Florida customers without power. Health officials warn that generator carbon monoxide is a top danger during cleanup.

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Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

Hurricane Isaias has left nearly 396,000 customers without power across the Florida Panhandle and southern Alabama

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Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

Questions arose about ICE's legal limits.

We Got This Covered

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