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

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

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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