Bearing all that in mind, Tencent Music is putting up a combination of cash ($1.26 billion) and stock to purchase Ximalaya, the aforesaid disclosure shows.

Tencent Music Entertainment Group (TME) has unveiled plans to acquire Chinese audio content platform Ximalaya Inc., in a strategic deal aimed at expanding its footprint in the spoken-word and ...

Tencent Music Entertainment said it plans to acquire Ximalaya, a Shanghai-based service for streaming podcasts and audiobooks, for $2.4 billion.

TMTPOST— Tencent Music Entertainment Group (NYSE: TME; HKEX: 1698) announced late Tuesday that it has signed a definitive agreement to acquire Ximalaya Holdings, one of China's largest online audio ...

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 China ...

Tencent Music shares rise after acquiring podcast giant Ximalaya. Investing.com -- Tencent Music Entertainment Group (NYSE:TME) shares rose 5.4% on Tuesday following news that the company will ...

Tencent Music has announced plans to acquire Ximalaya, China's largest online audio and podcast platform, which holds a 25% market share. The transaction, to be funded through cash and equity ...

Tencent Music said it will pay $1.26 billion in cash and stock accounting for up to 5.2% of its share capital for Ximalaya, a leading audio site whose name means Himalaya, according to its ...

June 10 (Reuters) - China's Tencent Music Entertainment Group , opens new tab said on Tuesday it would buy domestic long-form audio platform Ximalaya , opens new tab for about $2.4 billion in cash ...

Tencent Music shifts focus to core streaming, optimizing non-paying users & leveraging buybacks post-Ximalaya deal. Learn ...

Tencent Music Entertainment Group (NYSE:TME) shares rose 5.4% on Tuesday following news that the company will acquire Chinese podcast platform Ximalaya in a $2.4 billion cash-and-stock transaction.

Tencent Music to Acquire Chinese Podcast Platform Ximalaya for $2.4 Billion Ximalaya, a major force in spoken-word content, is set to become a subsidiary of TME. By Marc Schneider ...