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Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid
Effort to trump offer by Concord Chorus could trigger battle for music rights investor
Merck Mercuriadis in battle to stay on at investment trust that owns thousands of songs
Investors poured billions into buying rights, turning pop songs into a new asset class — but then the economy stalled
Rapid expansion of Hipgnosis Songs Fund stalls as higher interest rates start to bite
Songs fund’s yawning discount suggests scepticism about its net asset value
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