Alchemy Copyrights to buy Round Hill Music for about $469 million
(Reuters) – Alchemy Copyrights has agreed to buy music copyright-focussed investment firm Round Hill Music Royalty Fund for about $468.8 million, the companies said on Friday, giving it access to songs including Backstreet Boys’ “I Want It That Way”. Shareholders in Round Hill Music will get $1.15 in cash per scheme share, representing a premium of about 67% to the stock’s closing price on Thursday. Alchemy Copyrights, trading as Concord, […]