Hint:
$$
ax^2+2hxy+by^2=0 \Rightarrow bm^2+2hm+a=0
$$
where $m=\frac{y}{x}$ is the slope of the straight line. So your problem is to find the condition such that the two equations:
$$
b_1m^2+2h_1m+a_1=0 \qquad b_2m^2+2h_2m+a_2=0
$$
have a common solution.
Let $\overline m$ be the common solution, and:
$$
b_1m^2+2h_1m+a_1=0
$$
has solutions $\overline m, m_1$, and
$$
b_2m^2+2h_2m+a_2=0
$$
has solutions $\overline m, m_2$
We have:
$$
\frac{a_1}{b_1}=\overline mm_1 \qquad \frac{a_2}{b_2}=\overline mm_2
$$
so:
$$
m_1=\frac{a_1b_2}{a_2b_1}m_2
$$
and:
$$
\frac{2h_1}{b_1}=-\overline{m}-m_1 \qquad \frac{2h_2}{b_2}=-\overline{m}-m_2
\quad \Rightarrow \quad \frac{2h_1}{b_1}-\frac{2h_2}{b_2}=m_2-m_1
$$
and substituting $m_1$ we find:
$$
m_2= \frac{2a_2(b_2h_1-b_1h_2)}{b_2(a_2b_1-a_1b_2)}
$$
since $m_2$ is a root of the second equation we must have:
$$
b_2\left( \frac{2a_2(b_2h_1-b_1h_2)}{b_2(a_2b_1-a_1b_2)}\right)^2+2h_2\left( \frac{2a_2(b_2h_1-b_1h_2)}{b_2(a_2b_1-a_1b_2)}\right)+a_2=0
$$
that, with a bit of algebra, becomes:
$$
4(b_2h_1-b_1h_2)(a_2h_1+a_1h_2)-(a_2b_1-a_1b_2)^2=0
$$