Believe acquisition of Sentric Music (2023)
deal·acquisition·closed
Believe acquired Sentric from Utopia Music; the announcement valued Sentric at €47m on a 100% basis.
Verified facts
| Official site | https://www.believe.com/press-release/believe-acquires-music-publishing-platform-sentric-as-first-step-of-a-global-and-comprehensive-publishing-offer/ ↗ |
|---|---|
| Geography | Switzerland, France and United Kingdom |
| seller | name: Utopia Music · research key: org_utopia_music |
| target | name: Sentric Music · research key: org_sentric |
| acquirer | name: Believe · research key: org_believe |
| deal type | acquisition |
| closing date | 2023-03 |
| source classes | company_press_release |
| announcement date | 2023-03-30 |
| transaction state | closed |
| transaction value | value: 47000000 · currency: EUR · qualifier: 100_percent_valuation_basis · disclosure state: disclosed |
| strategic rationale | Build a global digital-first music-publishing and rights-management offer. |
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1d ago · highhow verification works
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