Tech
Tencent Music to buy Chinese audio platform Ximalaya for $2.4 billion
[ad_1]
China’s Tencent Music Entertainment Group said on Tuesday it would buy domestic long-form audio platform Ximalaya for about $2.4 billion in cash and stock, expanding its library of content to attract more paying users.
The deal will give Tencent Music access to a diverse creator network that includes professional and user-generated content on topics spanning history, business and entertainment.
It is one of the few sizeable M&A transactions in the technology sector in China in the recent years. An unprecedented regulatory crackdown on private…
[ad_2]
Source link
You must be logged in to post a comment Login