We wish to inform you of the present situation at Qobuz and the perspectives of the company moving forward, in light of the procedures within French law and their implications. Click here to see our previous blog post on the subject.
The deadline for the submission of takeover bids has been extended to November 23rd, 2015 due to a number of companies and individuals presenting themselves in recent days for access to the documents necessary to revise before making a tender offer.
At this stage a number of possibilities and potential situations will be discussed with the judicial administrator and subsequently examined by the Court. The resumption of the company will be granted to the offer considered by the Paris Court of Commerce as the best
It is likely that, after a statutory period of 15 days for examination of offers (which would begin November 24th, 2015), the definitive decision of the Court will be communicated between December 10th and January 10th, approximately, in accordance with the Court proceedings.
In the meantime, the service will continue to operate normally.