Brief: Warner Music Group Confirms Its Indication Of Interest In Relation To French Digital Music Company Believe SA

Believe SA

07/03/2024 07:33

March 7 (Reuters) - Warner Music Group Corp  WMG.O :
    * WARNER MUSIC GROUP CONFIRMS ITS INDICATION OF INTEREST IN
RELATION TO FRENCH DIGITAL MUSIC COMPANY BELIEVE SA
    * CONFIRMS APPROACHED BELIEVE SA TO INITIATE DISCUSSIONS
WITH
RESPECT TO A POTENTIAL COMBINATION OF BELIEVE WITH WMG
    * WARNER MUSIC GROUP - POTENTIAL DEAL COULD BE FOR CASH
ONLY,
WITHOUT WMG EXCLUDING POSSIBILITY OF  SHARE COMPONENT, AND
WITHOUT FINANCING CONDITIONS
    * WARNER MUSIC:  WAITING TO SUBMIT PROPOSAL FOR DUE
DILIGENCE WITH
RESPECT TO TRANSACTION AND CONFIRM ITS INDICATIVE PRICE OF AT
LEAST EUR 17/SHARE

Source text for Eikon:  ID:nGNXbhXVcx 
Further company coverage:  WMG.O 

 ((Reuters.Briefs@thomsonreuters.com;))