Believe announces that several funds managed by TCV and EQT, as well as its CEO Denis Ladegaillerie, have decided to form a consortium with the aim of initiating a takeover bid for all outstanding Believe shares.

This takeover bid would follow the consortium's acquisition of an additional stake in Believe's capital, via the purchase of shares held by TCV Luxco BD Sàrl, Ventech and XAnge, the digital music company's historical shareholders.

Subject to completion of this block purchase, the takeover bid is expected to be filed with the AMF in the second quarter of 2024. The price of 15 euros per share represents a premium of 21% on the last closing price.

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