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    Home»SPAC»Seven Years After Its Ipo Collapsed, Deezer Is in Talks to to Go Public Again via a SPAC
    SPAC

    Seven Years After Its Ipo Collapsed, Deezer Is in Talks to to Go Public Again via a SPAC

    April 18, 2022Updated:April 18, 20221 Min Read
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    Deezer, the rival music streaming service to the likes of Spotify and Apple Music, is reportedly taking another run at going public.

    Today, those market conditions look rather different: In 2015, according to updated IFPI figures, the global recorded music industry generated $14.7bn annually, of which just $2.8bn (19%) came from streaming. In 2021, the global recorded music industry generated $25.9bn annually, of which $16.9bn (65%) came from streaming.

    Financial data from France today suggests that Len Blavatnik, as a Beneficial Owner, personally controls a 28.95% stake in Deezer.

    Read more: MBW

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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