Shareholders of Hipgnosis Songs Fund, which in recent years made waves by helping popularize music rights as an asset class, have voted to accept a $1.6 billion takeover from US private equity firm Blackstone, filings showed Tuesday.
A regulatory filing showed shareholders overwhelmingly voted to approve the deal, which caps a tumultuous year for the British firm, including a bidding war that followed investor concerns over the fund’s tumbling share price.
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