Spotify Rival Deezer Reaches SPAC Deal Valuing It at Around $1.1 Billion


PARIS — French music streaming service Deezer is merging with a special-purpose acquisition company and aims to go public at a valuation of 1.05 billion euros, or around $1.13 billion, the companies said. .

The Parisian competitor to Spotify Technology SA and other music broadcasters has 9.6 million subscribers and generated revenue of 400 million euros in 2021, Deezer said in a statement. The music streaming service offers listeners a catalog of more than 90 million songs, as well as podcasts, audiobooks and radio channels.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button