2020-06-14
Wall Street Journal
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...
2018-03-05
TechCrunch
Tencent Music Entertainment, Spotify's strategic partner in China, is valued at $12B+, according to Spotify's valuation of its 9% stake in TME, disclosed to SEC
Jon Russell / TechCrunch :
2017-12-08
TechCrunch
2 related
Spotify and Tencent's music subsidiary, TME, take minority stakes in each other, and Tencent makes a separate investment in Spotify
Tencent's overseas investment splurge continues after the company confirmed a deal with Spotify that will see the duo make investments in each other's music businesses.
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