Deezer to go public via a SPAC merger with I2PO in a $1.2bn deal.

Deezer, a French online music streaming service, agreed to go public via a merger with I2PO, a publicly-traded special purpose acquisition company, in a $1.2bn deal. Investors in PIPE include Access Industries, Universal Music Group, Warner Music, Orange, Kingdom Holdings, Eurazeo and Xavier Niel, Groupe Artemis, BPIFrance and Media Participations. "Today marks an important milestone in Deezer’s history as we embark on a journey to become a publicly traded company on Euronext Paris. I am thrilled to partner with I2PO who will provide us with the expertise, the global network and the capital we need to execute our strategic plan. We are uniquely positioned on the growing music streaming industry, with a very competitive product, a clear strategy and an experienced and renewed management team to seize this opportunity and create substantial shareholder value," Jeronimo Folgueira, Deezer CEO.