(CercleFinance.com) – Believe indicates that its board of directors has decided to invite Warner Music Group (WMG) to submit, no later than April 7, a binding, unconditional and fully financed offer for Believe.
To this end, it gave WMG access to a data room including a level of information equivalent to that granted to the consortium formed by the EQT X fund, funds advised by TCV and Denis Ladegaillerie, subject to an appropriate confidentiality commitment. .
As a reminder, Warner Music Group had publicly announced its interest in a potential merger with the company specializing in digital music, where WMG could value Believe at a price of at least 17 euros per share, coupon attached.
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