US EditionTencent Music to Acquire Ximalaya in $2.4 Billion Deal, Expanding
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Tencent Music to acquire Ximalaya in $2.4 Billion deal, expanding
MUMBAI: Tencent Music Entertainment Group announced on Tuesday that it will acquire Chinese long-form audio platform Ximalaya in a landmark deal valued at approximately $2.4 billion in cash and stock. The move is aimed at enhancing Tencent Music’s content library and attracting a larger base of paying subscribers.The acquisition grants Tencent Music access to Ximalaya’s expansive creator ecosystem, which includes both professional and user-gener…
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