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Struggling music rights business strikes deal with US rival

Company says it will not pay a dividend ‘for the foreseeable future’

Chair of group set up to manage music rights will exit when $1.6bn purchase is completed

Shares drop after London-listed group says dividend would have threatened compliance with debt covenants

PwC refused to reapply for the job at troubled music rights investor

Some investors believe the sale of music rights to a private sister fund owned by Blackstone undervalues the assets

Troubled company that owns song rights for artists including Justin Bieber must now review its options

Troubled company that owns song rights for artists including the Red Hot Chili Peppers must now review its options

Merck Mercuriadis in battle to stay on at investment trust that owns thousands of songs

London-listed group says independent valuer’s figure ‘materially higher’ than numbers implied by recent industry deals