French online music streaming service Deezer is close to reaching a deal to go public via a merger with a special purpose acquisition company (SPAC), The Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The SPAC involved in the move is backed by the investors behind the France-based multinational corporation specializing in luxury goods, Kering SA, the report added.
The deal, the valuation of which is unknown at the moment, is to be announced in the following days, according to the outlet.
