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Tencent Music Entertainment Group is in advanced talks to buy China's largest online audio platform, Ximalaya Inc , for $2.4 billion, Bloomberg News reported on Friday, citing sources.
A $2.4bn deal could make Tencent Music the latest giant in podcasting – in China at least. Bloomberg reported that the music-streaming service is in “advanced talks” for an acquisition of fellow ...
[BEIJING] Chinese music platform Tencent Music Entertainment Group said on Tuesday (Jun 10) it would buy long-form audio platform Ximalaya for about US$2.4 billion in cash and stock, expanding its ...
That’s what’s changing now. As recently rumoured, Tencent Music is buying fellow Chinese firm Ximalaya, which is one of the biggest podcasting platforms there. TME is paying $1.3bn in cash plus stock ...
Ximalaya has filed to list in Hong Kong after reportedly being pressured by Chinese government officials to withdraw an earlier U.S. IPO application in 2021. China’s leading podcast platform was ...
Ximalaya claimed to have 450 million users and more than 5 million hosts, including numerous key online opinion leaders and celebrities. The platform counts among its bestsellers Taiwanese writer and ...
Ximalaya is seeking to raise funds at about $3.5 billion valuation as the Chinese online podcast and radio services startup looks to expand further, according to people familiar with the matter.
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