Deezer Streaming Service, Valued at $1.1 Billion, Strikes SPAC Deal to Go Public
Jem Aswad Senior Music EditorThe France-based streaming service Deezer, which has a relatively low profile in the U.S. but is one of the world’s largest streamers, is merging with a special-purpose acquisition company (SPAC) with an eye toward going public at a $1.13 billion valuation, the companies told the Wall Street Journal.Deezer, which launched in 2007, is merging with Paris-listed I2PO SA.