Tencent Music to Buy Ximalaya to Drive Online Media Ambitions

@TechSavvy shared a link

2025-06-10 11:00:35 ·

www.bloomberg.com

Tencent Music Entertainment Group has agreed to buy Chinese podcasting startup Ximalaya Inc. for $1.3 billion in cash plus an issuance of stock, a deal that propels its ambition to become Chinas answer to Spotify.

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