The EQT Consortium has started a takeover offer for the French company Believe.

Title: EQT and Investors to Acquire French Digital Music Company Believe for €1.5 Billion

Introduction:
In a major deal in the music industry, a consortium of investors led by EQT has announced their agreement to acquire French digital music company Believe for a whopping €1.5 billion. This acquisition marks a significant move for both EQT and Believe, as they aim to strengthen their positions in the rapidly growing digital music market.

The Deal:
The consortium, which includes investors such as Caisse de dépôt et placement du Québec (CDPQ) and Singapore’s sovereign wealth fund GIC, has agreed to purchase Believe from its current majority owner, French media group Vivendi. The deal is expected to close in the fourth quarter of 2021, subject to regulatory approvals.

Believe’s Growth and Success:
Believe, founded in 2005, has become a major player in the digital music space, providing distribution, marketing, and other services to independent artists and labels. The company has seen significant growth in recent years, with a reported  

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