21 April 2022
Deals | France | USA | Corporate/M&A
As part of the contemplated business combination between Deezer, a leading global music and audio streaming platform, and I2PO, a special purpose acquisition company (SPAC) listed on the professional segment (Compartiment Professionel) of Euronext Paris, Gide advises Warner Music Group, Deezer’s current shareholder.
The new combined entity will benefit, on the date of completion of the merger of Deezer into I2PO, from cash held by I2PO (after deduction of any redemption, as the case may be) and from cash raised through a PIPE to be subscribed by new investors and existing Deezer shareholders, including Warner Music Group.
The Gide team advising Warner Music Group is led by partners Antoine Tézenas du Montcel and Antoine de La Gatinais with the assistance of associate Elise Bernard, on corporate/M&A aspects, partner Melinda Arsouze and associate Scott Logan, on US capital market aspects, and counsel Guilhem Richard, on French capital market aspects.