Deezer S.A. announced that it will issue 15,000,000 common shares at a price of €10 per share for gross proceeds of €150 million in a round of funding on April 18, 2022. The transaction will include participation from existing investors Access Industries, Inc., UMG, Warner Music Group Corp. (NasdaqGS:WMG), Kingdom Holding Company, Eurazeo SE, Orange S.A., Xavier Niel, french and international investors including Artemis S.A., Bpifrance Investissement SAS, and Media-Participations SA.

The company has signed subscription agreements with investors.