Two buyers for Qobuz

On Monday, December 14, 2015, an audience was held at the Commercial Court of Paris, at which the each potential buyer presented their respective proposed takeover bids for Qobuz. Two offers remain in contention, both of which present serious guarantees for the continuity of Qobuz’ activity in line with what makes the French online music service truly unique.The court will make a decision with immediate effect on the 29th of December.It seems very likely that Qobuz will be able to turn the page on that day, and we will start 2016 with strong hopes of renewal and expansion.Staff representatives of Qobuz attended the hearing and had the opportunity, as required by law, to give the following statement:"We are sincerely relieved regarding the strength of the proposals that have been made by both buyers in terms of safeguarding employment, which is an important indicator of what we strongly believe will be an ambitious continuity of the Qobuz service in its current format. Everything is business as usual for our team, who are hard at work as we await the decision of the Tribunal. We would like once again to thank our clients and customers, as well as our suppliers and friends for their continued support. "