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The Deezer music mobile app, right, sits next to the Spotify Ltd. music app on a smartphone in this arranged photograph in London, U.K., on Tuesday, Aug. 18, 2015. Deezer is seeking funds from investors in a transaction that could value the French music-streaming service at about 1 billion euros ($1.1 billion), according to people familiar with the matter. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

The Deezer music mobile app, right, sits next to the Spotify Ltd. music app on a smartphone in this arranged photograph in London, U.K., on Tuesday, Aug. 18, 2015. Deezer is seeking funds from investors in a transaction that could value the French music-streaming service at about 1 billion euros ($1.1 billion), according to people familiar with the matter. Photographer: Chris Ratcliffe/Bloomberg via Getty Images