A Tencent sign is seen at the World Internet Conference in Wuzhen, China on October 20, 2019. File photo: Reuters

China’s Tencent said to have turned to Singapore’s GIC, sovereign funds to rescue Universal Music deal

  • Tencent has turned to Singapore’s state investor GIC and other soverign funds to help rescue a deal to buy a stake in Vivendi’s Universal Music, sources said
  • The deal would mark one of the biggest investments by a Chinese company into a major European media business
Topic |   Tencent
A Tencent sign is seen at the World Internet Conference in Wuzhen, China on October 20, 2019. File photo: Reuters
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