Believe Shares Surge on €1.52B Takeover Bid

Shares in Believe Surge as Consortium Makes €1.52 Billion Takeover Bid

Shares in Believe, the French digital music company, experienced a significant boost after a consortium of investors, led by private-equity company EQT and investment firm TCV, announced a takeover bid worth €1.52 billion. The agreement to acquire a majority stake in the company caused Believe’s shares to surge by 19% to €14.72 at 0907 GMT on Tuesday.