The audio streaming service is set to list with help from a PIPE deal featuring Orange, Access Industries, Warner Music, UMG and Media Participations.

Deezer, the France-headquartered online audio streaming service backed by corporates Access Industries, Orange, Rotana, ProSiebenSat.1, Universal Music Group (UMG), Sony and EMI, agreed on Monday to list through a reverse takeover.

The company is set to join forces with I2PO, a special purpose acquisition company that floated on the Euronext Paris market in July 2021, in a deal valuing it at €1.05bn ($1.13bn) pre-money.

The transaction will be boosted by approximately $146m in private investment in public equity (PIPE) financing…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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