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Deezer merges with and into I2PO S.A.

April 2022

Client(s) Deezer S.A

Jones Day advised Deezer S.A. in the context of the SPAC transaction whereby Deezer S.A. 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 was 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 amounted to €143 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.

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