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Consortium Acquiring Believe Now Owns Over 85% of Shares, Stock to Be De-Listed from Indexes
The Believe consortium now owns over 85% of shares in the company's stock in a tender offer that ends June 21.
The tender offer ends Friday (June 21) for shares of the owner of TuneCore, Sentric Music Publishing and a host of record labels. Believe owns digital distributor TuneCore, publishing administration service Sentric and such record labels as Naive, Nuclear Blast and Groove Attack. Following the Believe board of directors’ TK on April 18, the consortium acquired a large block of shares from venture capital firms XAnge and Ventech.
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