BELIEVE BOARD WELCOMES WMG BID

Believe’s board of directors has issued a statement inviting WMG to formally place an offer to acquire the French music company. The WMG invitation arrives following the news that French regulators determined that the Denis Ladegaillerie-led consortium and its plan to take Believe private violates government rules on tender offers.

The Board pointed out that WMG's public announcement of its interest in acquiring Believe earlier in March should be followed up with a "binding, unconditional and fully financed offer."

WMG has until 4/7 to submit an official offer. The Board vowed to "provide WMG with access to a data room including a level of information consistent with the information provided to the Consortium, subject to appropriate confidentiality undertaking."

See Believe's Board of Directors' full statement here.

TAGS: Believe | WMG | Denis Ladegaillerie | France | distribution

MYSTERY SOLVED: BELIEVE BIDDER IS WMG

ANOTHER BID, IF YOU CAN BELIEVE IT

LADEGAILLERIE MOVES TO TAKE BELIEVE PRIVATE

THE COUNT: STARS QUEUE UP FOR GLASTO, HYDE PARK

< PREVIOUS STORY

BACK TO RUMOR MILL

		UMG AND TIKTOK WORK IT OUT The kerfuffle is in the past. (5/2a) Check It Out Now LUCIAN SOUNDS OFF ON UMG/TIKTOK DEAL A breakdown from the boss (5/2a) Check It Out Now HITS LIST: HANGIN' OUT With extra relish (5/3a) Check It Out Now LIVE NATION POSTS (ANOTHER) RECORD QUARTER More butts in seats than ever before. (5/3a) Check It Out Now A POST-WALLEN AFFAIR A dynamic duo, y'all (5/3a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

rumor mail

Email

First Name

Last Name

Company

Country
CAPTCHA code

Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions

BELIEVE BOARD WELCOMES WMG BID

Modal