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    Home > Finance > France's Believe says majority owner to file buyout offer
    Finance

    France's Believe says majority owner to file buyout offer

    Published by Global Banking & Finance Review®

    Posted on April 16, 2025

    1 min read

    Last updated: January 24, 2026

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    Quick Summary

    Believe's majority owner Upbeat BidCo plans a buyout offer to take the company private, with the offer opening in the second quarter of 2025.

    Believe's Majority Owner Plans Buyout Offer to Go Private

    (Reuters) - French digital music company Believe on Wednesday said its majority shareholder Upbeat BidCo would file a buyout offer for all remaining shares in the firm to take it private, four years after its initial public offering.

    Founded in 2005 by former Vivendi executive Denis Ladegaillerie, Believe's initial goal was to open up the music distribution chain by distributing artists online and releasing their albums on download platforms.

    It operates in over 50 countries and its catalogue appears on major platforms including TikTok, YouTube, Spotify and Apple Music.

    Upbeat BidCo, a consortium made up of Believe CEO Ladegaillerie along with investment funds EQT X and TCV, holds 96.65% of the share capital and 95.42% of voting rights in the company.

    The offer, unanimously supported by Believe's board, is expected to open in the second quarter of 2025, followed by a squeeze-out.

    The price of 15.30 euros ($17.37) per share represents premiums of 2.9% to 7.5% over various trading averages from the past six months, Believe said in a statement.

    ($1 = 0.8807 euros)

    (Reporting by Gianluca Lo Nostro; Editing by Varun H K)

    Key Takeaways

    • •Believe's majority owner Upbeat BidCo plans a buyout offer.
    • •The offer aims to take Believe private four years post-IPO.
    • •Upbeat BidCo holds over 96% of Believe's share capital.
    • •The buyout price is set at 15.30 euros per share.
    • •The offer is expected to open in the second quarter of 2025.

    Frequently Asked Questions about France's Believe says majority owner to file buyout offer

    1What is the main topic?

    The main topic is the buyout offer by Believe's majority owner, Upbeat BidCo, to take the company private.

    2Who are the key players in the buyout?

    The key players are Upbeat BidCo, Believe CEO Denis Ladegaillerie, and investment funds EQT X and TCV.

    3When is the buyout offer expected to open?

    The buyout offer is expected to open in the second quarter of 2025.

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