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Blackstone Inc. (BBN1.F)
| Previous close | 111.32 |
| Open | 111.02 |
| Bid | 0.00 x N/A |
| Ask | 0.00 x N/A |
| Day's range | 111.02 - 111.02 |
| 52-week range | 73.80 - 123.00 |
| Volume | |
| Avg. volume | 217 |
| Market cap | 134.375B |
| Beta (5Y monthly) | 1.50 |
| PE ratio (TTM) | 42.05 |
| EPS (TTM) | 2.64 |
| Earnings date | 18 Jul 2024 - 22 Jul 2024 |
| Forward dividend & yield | 3.11 (2.79%) |
| Ex-dividend date | 26 Apr 2024 |
| 1y target est | 118.95 |
ReutersBlackstone likely winner for Hipgnosis Songs as Concord maintains lower bid
The $1.51 billion offer from Nashville-based Concord was its second proposal for the music rights investor as it battled Blackstone for rights to more than 65,000 songs, including tracks by Blondie and Neil Young. Blackstone, the world's largest private equity firm, had hiked its offer to $1.30 per share or about $1.57 billion in April, above Concord's bid to win Hipgnosis's board backing for the deal.
- Reuters
UPDATE 1-Blackstone likely winner for Hipgnosis Songs as Concord maintains lower bid
Apollo-backed Concord said on Thursday it will stick with its offer of $1.25 apiece for Hipgnosis Songs Fund, days after Blackstone outbid it for the music rights owner of artists such as Shakira and Red Hot Chili Peppers. The $1.51 billion offer from Nashville-based Concord was its second proposal for the music rights investor as it battled Blackstone for rights to more than 65,000 songs, including tracks by Blondie and Neil Young. Blackstone, the world's largest private equity firm, had hiked its offer to $1.30 per share or about $1.57 billion in April, above Concord's bid to win Hipgnosis's board backing for the deal.
Barrons.comBlackstone Stock Punished Amid Breit, Economic Concerns. Are They Warranted?
Blackstone stock is underperforming the private-equity firm’s competitors this year as concerns over a high-profile real estate fund’s performance, mixed with wider economic forces, eat into Wall Street’s longer term optimism about the firm’s private markets dominance. Analysts have long been confident in Blackstone’s position as the world’s largest private-equity firm—and biggest landlord. Investors also received welcome news recently as the firm showed it has improved the health of Blackstone Real Estate Income Trust, an enormous $59 billion real estate fund for retail investors.
