French music streaming service Deezer is nearing a deal to go public by merging with a special purpose acquisition company backed by the family behind luxury titan Kering SA, according to people familiar with the matter. The Paris-based competitor to Spotify Technology and other music streamers has 16 million active users and is available in more than 180 countries, according to its website.
Source: WSJ News Exclusive | Spotify Rival Deezer Nears Deal to Go Public
