Private equity firm Blackstone has boosted its offer for song management company Hipgnosis.

Its proposed $1.57 billion acquisition will see each Hipgnosis Shareholder will be entitled to receive $1.30 in cash for each Hipgnosis Share.

Blackstone said these new terms "represent an attractive premium for Hipgnosis Shareholders over the terms of the Concord revised offer and accordingly the Hipgnosis shareholders are urged to take no action in respect of the Concord revised off...