Deezer Music Streaming Service Files to Go Public

Bloomberg: French streaming service Deezer has filed for an initial public offering, beating larger and better-known European rival Spotify to the market as competition heats up from Apple to win on-demand music customers. The IPO is set to take place toward the end of the year in Paris, Deezer CEO Hans-Holger Albrecht said on a conference call. Deezer is said to be seeking funds from investors in a transaction that could value the service at about 1 billion euros.