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Blackstone Reaches $1.6 Billion Takeover Agreement for Hipgnosis Songs

Alternative investment management company Blackstone has reached an agreement to acquire Hipgnosis Songs, a song management fund that owns the music catalog rights of Red Hot Chili Peppers, Shakira, Blondie, and a number of other music acts. Hipgnosis Songs’ board previously recommended a takeover bid...

Blackstone Acquires International Gemological Institute

Private equity firm Blackstone Inc. announced on Sunday that it has fully acquired the jewelry certification firm International Gemological Institute (IGI). It cost Blackstone in the range of $530 million to purchase IGI from China's Fosun and the company's founding family. Founded in 1975, IGI...