Wednesday, 13 July 2016

Tencent to Acquire Majority Stake in China Music Corp.


China’s Tencent Holdings Ltd. has agreed to acquire a controlling stake in China’s leading music-streaming company in a deal that values the firm, China Music Corp., at roughly $2.7 billion and creates a dominant player in China’s online-music market, people familiar with the matter said.
http://on.wsj.com/29wU3IF

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