Believe Announces Takeover Bid Led by Founder and Major Investment Firms

The French digital music company, Believe, receives a substantial offer of 15 euros per share, aiming for a private transition.

Denis Ladegaillerie, founder of Believe, along with investment firms EQT and TCV, proposes a takeover bid valued at 1.523 billion euros.
The offer represents a 21% premium over the last closing price, signaling strong confidence in Believe's future growth.
The consortium aims to acquire a 75% share of the company, with plans to make a tender offer for all outstanding shares.
Believe's board of directors unanimously supports the proposal, highlighting its potential to enhance the company's market position.
The move comes as Believe seeks to consolidate the independent music market and establish itself as a global major independent label.