A woman uses her smartphone near a booth for the Chinese internet company Tencent at the Global Mobile internet Conference in Beijing on December 19, 2019. Photo: AP Photo
Tencent plans to exercise its option to lift its stake in Vivendi’s Universal Music, in a move to diversify from gaming and China
- Tencent, which led a consortium that bought 10 per cent of the world’s largest music company, has the option to raise their stake to as much as 20 per cent until January 15, 2021
- It isn’t clear if Tencent’s decision to proceed would be joined by its partners Hillhouse Capital and GIC of Singapore
A woman uses her smartphone near a booth for the Chinese internet company Tencent at the Global Mobile internet Conference in Beijing on December 19, 2019. Photo: AP Photo
