Tencent Music Acquires Audio Platform Ximalaya in $2.7B Cash-and-Stock Deal

Tencent Music Entertainment completes its acquisition of Chinese audio platform Ximalaya in a $2.7 billion cash-and-stock deal. Tencent Music Entertainment has announced the completion of its full acquisition of Chinese audio platform Ximalaya in a deal valued at around 18.6 billion yuan ($2.7 billion). The deal sees Ximalaya shareholders (including Tencent Holdings, Baidu, and Sony […] Continue reading this story from the source →

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