Believe announces that its Board of Directors has decided to invite Warner Music Group (WMG) to submit, by April 7 at the latest, a binding, unconditional and fully financed offer for Believe.

To this end, it has given WMG access to a data room including a level of information equivalent to that granted to the consortium formed by the EQT X fund, funds advised by TCV and Denis Ladegaillerie, subject to appropriate confidentiality undertakings.

As a reminder, Warner Music Group had publicly announced its interest in a potential tie-up with the company specializing in digital music, where WMG could value Believe at a price of at least 17 euros per share, coupon attached.

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