Deezer S.A. reached definitive agreement to acquire I2PO Société anonyme from Iris Knobloch, Artemis S.A., Access Industries, Inc. and others in Reverse Merger transaction on April 18, 2022. The Transaction is valued at more than $1 billion. The combined entity will be renamed Deezer and will become a publicly traded company on the professional segment of the regulated market of Euronext Paris. As on May 31, 2022, The Autorité des marchés financiers has approved the merger. The deal is subject to approval from target board, target shareholders, consummation of private placement and acquirer shareholders. The transaction is unanimously approved by the approved of I2PO. The deal is expected to complete on July 4, 2022. Lazard Frères acted as fairness opinion provider to the Board of I2PO. Centerview Partners and Société Générale are acting as financial advisors while Racine is acting as legal counsel to I2PO. Evercore is acting as financial advisor while Renaud Bonnet of Jones Day is acting as legal counsel to Deezer. Antoine Tézenas du Montcel, Antoine de La Gatinais, Melinda Arsouze and Guilhem Richard of Gide advised Warner Music Group, current shareholder of Deezer on the transaction. Devon Bodoh, Agathe Soilleux and Alfonso J. Dulcey of Weil, Gotshal & Manges LLP, Paris acted as legal advisor to Access Industries, Inc.

Deezer S.A. completed the acquisition of I2PO Société anonyme from Iris Knobloch, Artemis S.A., Access Industries, Inc. and others in Reverse Merger transaction on July 5, 2022.