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Blackstone preparing £1.2 billion counterbid for Hipgnosis, reveals Sky News

Mark "The Kleinmanator" Kleinman of Sky News has just popped up with a decent scoop about how Blackstone is weighing tabling a counter bid for Hipgnosis, the London-listed owner of songs by Blondie, the Red Hot Chili Peppers and the Kaiser Chiefs.

According to Kleiny, Blackstone has already table several offers for the Hipgnosis Songs Fund, including one offer at 82p a share and another at 88p. Below is a link to the Sky News report:..