This Smaller Spotify Rival Looks to Go Public via €1.05 Billion SPAC Merger

Headphone beside a smartphone connected to French music streaming website Deezer in Paris, on Oct. 9, 2012. Lionel Bonaventure/AFP via Getty Images

Spotify Technology SA.’s smaller French rival Deezer looks to go public via a SPAC merger backed by billionaire Francois Pinault’s investment group and investment banker Matthieu Pigasse, the Financial Times reports.

Deezer merged with I2PO, a Paris-listed special purpose acquisition company.