Music streaming service Deezer plans Paris listing

September 22, 2015 admin apple, billion-euros, giants-dominate, growing-rapidly, launching, licensing-music, mobile-virtual, music, paris, songs-stored, spotify-deezer, stock-market, xiaomi-phone

By Leila Abboud PARIS (Reuters) – Music streaming service Deezer plans a flotation on the Paris stock exchange by the end of the year as it tries to keep up with larger, deeper-pocketed rivals such as Apple Inc and Sweden’s Spotify. Deezer, which analysts expect to achieve a stock market valuation of about 1 billion euros ($1 billion), and its rivals represent a shift in the music industry, away from buying and downloading tracks to listening online to songs stored remotely

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Music streaming service Deezer plans Paris listing