Deal Roundup: Blackstone outbids Apollo for Hipgnosis music rights, TPG eyes up to $10.8bn Viking IPO

Blackstone has outbid Apollo-backed Concord by offering about $1.5bn for Hipgnosis Songs Fund. The music rights specialist owns creations by artists ranging from Phil Collins and Blondie to Beyonce, Shakira and the Red Hot Chili Peppers. Concord had previously offered $1.16 per share, below Blackstone’s $1.24 per share bid. Blackstone is already a majority owner …