Believe Shares Rise (Again) on WMG Interest, Sphere Stock Jumps & K-Pop Flops ...Middle East

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Believe Shares Rise (Again) on WMG Interest, Sphere Stock Jumps & K-Pop Flops
(WMG) revealed its interest in acquiring the French music company. Believe shares rose 2.5% to 15.88 euros ($17.38) after WMG announced its interest in the owner of distributor TuneCore, publishing administrator Sentric and such record labels as Naïve and Groove Attack. Last week, Believe announced it had interest from an unnamed party, which caused the share price to exceed the 15 euro ($16.52) per share offer from a consortium led by CEO Denis Ladegaillerie and investment funds EQT and TCV. After the potential suitor was given a name, Believe’s share price rose even more. WMG, which hasn’t made an official offer, s

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