Paris-based music streamer Deezer has announced its plans to go public.
partner at venture capitalist firm Red River West. The remaining five board seats will be chosen by Deezer’s shareholders.
“With its well-established brand, first-class management team and scalable platform, Deezer is poised to continue to capture a significant share in the booming music streaming growth,” said Knobloch in a statement. “This is a perfect match and a transformational deal that will deliver long-term value creation for our shareholders as Deezer is a unique asset with considerable strategic avenues for future growth.
Pinault called Deezer “the ideal combination. I2PO brings an extensive international network and a complementary skill set to help develop Deezer as the leading independent music streaming platform through strong positions in selected key markets.”
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