Cases & Deals

Deezer merges with and into I2PO S.A.

Clients Deezer S.A

Jones Day is advising Deezer S.A. in the context of the proposed SPAC transaction whereby Deezer S.A. would be merged with and into I2PO S.A., a French SPAC listed on the professional segment of the regulated market of Euronext Paris and the related PIPE financing.

The transaction is based on a pre-money equity value of Deezer of €1.05 billion (on a fully diluted basis) corresponding to an enterprise value of approximately €1.075 billion. The PIPE would amount up to €150 million.

Deezer S.A. is a French company located in Paris, France, which operates a global music streaming services platform, and one of the first French Unicorns.

Closing of the transaction is expected to occur early July 2022.