Comment on Tencent Buying China Music Corp. (Report)

Tencent Buying China Music Corp. (Report)

China’s Tencent is understood to have acquired control of China Music Corporation. The company owns two of China’s leading music streaming businesses, Kugou Music and Kuwo Music. The transaction is understood to be an all cash affair, according to Chinese media. Terms were not disclosed. Prior to the deal Tencent was understood to be a...

 

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