Update on the current situation of Qobuz

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 bestESTIMATED TIMING: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.

A big thank you to our clients, whose solidarity has been expressed in recent days by record revenue figures. Their confidence allows us to persevere; it is also the single most concrete way to support us.

Similarly, we thank all partners for agreeing to maintain their confidence in Qobuz during this time, thus allowing our service to function normally, and ask others to follow suit until the Qobuz recovery solution is formalized.