FinanceTechNodeabout 1 month ago
Tencent Music completes $2.6 billion acquisition of podcast platform Ximalaya
1 min read
Tencent Music Entertainment completed its $2.6 billion acquisition of Chinese audio platform Ximalaya. Ximalaya shareholders and employees received up to $1.26 billion in cash and 175 million Tencent Music shares. China's market regulator approved the deal on May 12 with five conditions.
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