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Tencent Music Entertainment Group (TME) is reportedly close to acquiring Ximalaya, China’s largest audio content platform, following months of negotiations, according to multiple Chinese media outlets. The proposed deal, discussions around which started two months ago, sees Ximalaya’s valuation significantly reduced, with company management reportedly signing off on the terms…
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Tencent Music reportedly nears acquisition of troubled audio platform Ximalaya at discounted valuation
TechNode Feed
09:21
Tencent Music Entertainment Group (TME) is reportedly close to acquiring Ximalaya, China’s largest audio content platform, following months of negotiations, according to multiple Chinese media outlets. The proposed deal, discussions around which started two months ago, sees Ximalaya’s valuation significantly reduced, with company management reportedly signing off on the terms…
