Blackstone-backed Hipgnosis Song Management and Hipgnosis Songs Capital are reportedly closing in on a deal in the range of $200 million for the publishing and recordings catalog of pop superstar Justin Bieber, according to Billboard.
According to sources cited within the report, a deal is considered to be likely to close in the next few days and would include Bieber’s biggest hits, from “Baby” to “Love Yourself” and the rest of his hit music.
Back in November of this year, Hipgnosis founder and chief executive Merck Mercuriadis said the company was working to “close about $500 million in deals between now and mid-December”, per Billboard.
