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 ...

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

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 ...

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 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 ...

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.

After a chastening crackdown that wiped billions off their value and forced top executives out of the public eye, China's ...

Tencent Music Entertainment Group, China’s largest online music platform by user count, announced on Tuesday its acquisition of audio content platform Ximalaya for about US$2.4 billion in cash ...

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 ...