June 30, 2026
Tencent Music completes $2.6 billion acquisition of podcast platform Ximalaya

Tencent Music Entertainment said it has completed the full acquisition of Chinese audio platform Ximalaya in a deal valued at about 18.6 billion yuan ($2.6 billion), closing one of the country’s largest online audio mergers. Under the agreement, Ximalaya shareholders and employee stock ownership plan participants received up to $1.26 billion in cash and as [……
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