Warner Music plans to offer at least 17 euros/shr to buy France's Believe

Believe SA

07/03/2024 07:56

March 7 (Reuters) - Warner Music Group  WMG.O  said on
Thursday it planned to make a bid of at least 17 euros ($18.52)
per share for French digital music company Believe  BLV.PA , 
    A bid at that price would be higher than the previous 15
euros per share offer from a consortium made up of some of
Believe's largest shareholders, including U.S. investment firm
TCV, Swedish private equity group EQT  EQTAB.ST  and the
company's chairman and CEO Denis Ladegaillerie.
    
($1 = 0.9179 euros)

 (Reporting by Gursimran Kaur in Bengaluru; Editing by Rashmi
Aich)
 ((GursimranKaur.Mehar@thomsonreuters.com;))