“These restrictions hamper our development and harm European consumers. “For years, Apple has imposed unfair restrictions on our businesses,” the mentioned companies and organization vented. "Deezer is poised to continue to capture a significant share in the booming music streaming growth", Iris Knobloch, the chairwoman of the SPAC, said in a statement.ĭeezer Chief Executive Guillaume d'Hauteville added "today’s transaction is another landmark for Access Industries as we like to help our music and digital investments, such as Deezer, Spotify, Beats, Warner Music or DAZN, to name a few, grow and become references in their respective markets."ĭeezer's much larger rival and main competitor Spotify (SPOT.N), which carried out its initial public offering in 2018, today has a market capitalisation of around $26 billion.Bearing in mind these pertinent background details, the letter from Spotify and Deezer (as well as Geneva’s Proton, Basecamp, Oslo-headquartered Schibsted, the European Publishers Council, France Digitale, and News Media Europe) highlights the allegedly illegal practices of “certain global digital gatekeepers” immediately before zeroing in on Apple itself. The transaction will value Deezer at a pre-money equity value of 1.05 billion euros, corresponding to an enterprise value of approximately 1.08 billion euros, Deezer said. ![]() ![]() PARIS, April 18 (Reuters) - French music streaming platform Deezer on Monday announced plans for a stock market listing in Paris in a deal valuing the business at just over 1 billion euros ($1.08 billion), the company said in a statement with a Special Purpose Acquisition Company (SPAC) 12PO.
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