Tencent Music agrees to buy podcasting startup Ximalaya for $1.3B in cash, plus some stock, in a bid to become China's Spotify; Ximalaya had 303M MAUs in 2023
Bloomberg :
Sources: Tencent Music is in advanced talks to buy Chinese podcasting startup Ximalaya in a $2.4B deal
Bloomberg :
Tencent Music acquires China-based Lazy Audio, a platform for audiobooks, podcasts, and radio shows, for $417M
(Reuters) - China's Tencent Music Entertainment Group said on Friday it acquired audiobook platform Lazy Audio, owned by Shenzhen Lanren Online Technology Co, for 2.7 billion yuan ($417 million).
Filing: Tencent took a 1.6% stake in Warner Music Group for $200M in Warner's IPO in separate transactions by two Tencent subsidiaries; shares now worth ~$250M
Chinese internet giant already had interests in Universal Music Group, Spotify — Tencent Holdings Ltd. TCEHY 1.56% took … Tweets: @somospostpc See also Mediagazer Tweets: Alex Barredo / @somospostpc...
Sources: Tencent Music and Spotify are in talks to swap stakes of up to 10% in each other's businesses ahead of their expected public listings next year
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Sources: Tencent Music and Spotify are in talks to swap stakes of up to 10% in each other's businesses ahead of their expected public listings next year
Companies would own up to 10% in each other's businesses — The music group of Chinese internet giant Tencent Holdings Ltd …
Sources: Tencent Music plans to sell about 3% stake at $10B valuation to strategic partners like labels to secure music rights in China ahead of an IPO
Lulu Yilun Chen / Bloomberg :
Sources: Tencent Music plans to sell about 3% stake at $10B valuation to strategic partners like labels to secure music rights in China ahead of an IPO
Lulu Yilun Chen / Bloomberg :