Warner Music Group has expressed interest in acquiring the French digital music company Believe, with plans to make a bid of 1.65 billion euros. This move indicates Warner's strategic intent to expand its global footprint in the digital music landscape. The potential acquisition is being closely watched by industry analysts, given the significant impact it could have on the competitive dynamics within the music industry. Warner Music's stock ($WMG) remained unchanged in pre-market trading following the announcement.
Warner Music Has a Plan to Acquire Believe https://t.co/MuIB2OXiLu
$WMG (+0.0% pre) Warner Music eyes potential 1.65 billion bid for French record label Believe - SI https://t.co/PNIs717gaO
Warner plans to make rival offer for French music group Believe https://t.co/shgpdO0YmQ
Warner Music plans 1.65 bln euro bid to buy France's Believe https://t.co/vErriYWRJl https://t.co/lKXwb8o6Cp
Warner Music Group Expresses Interest in Buying French Digital Music Company Believe https://t.co/zqgQhTPuFO