Internet giant Tencent Holdings could bring Universal Music Group, the world’s biggest music company, closer to consumers in Asian markets that are relatively underserved by major music labels. Photo: AP Internet giant Tencent Holdings could bring Universal Music Group, the world’s biggest music company, closer to consumers in Asian markets that are relatively underserved by major music labels. Photo: AP
Internet giant Tencent Holdings could bring Universal Music Group, the world’s biggest music company, closer to consumers in Asian markets that are relatively underserved by major music labels. Photo: AP

Tencent-led group clinches deal for 10pc of Vivendi’s Universal Music

  • The deal values Universal Music, the world’s biggest music company, at US$33.6 billion
  • Tencent and its partners may raise their stake to as much as 20 per cent before January 15, 2021

Topic |   Tencent
Internet giant Tencent Holdings could bring Universal Music Group, the world’s biggest music company, closer to consumers in Asian markets that are relatively underserved by major music labels. Photo: AP Internet giant Tencent Holdings could bring Universal Music Group, the world’s biggest music company, closer to consumers in Asian markets that are relatively underserved by major music labels. Photo: AP
Internet giant Tencent Holdings could bring Universal Music Group, the world’s biggest music company, closer to consumers in Asian markets that are relatively underserved by major music labels. Photo: AP
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