Tuesday, December 31, 2019

OFFICIAL: Universal Music Sells 10% Stake To China’s Tencent For $3.4B, Grainge Promises Status Quo | Hypebot

A consortium of Chinese streamer Tencent Music and unnamed “global financial investors” announced today that it will acquire a 10% equity stake in Universal Music Group for $3.4 billion. Tencent. Continue reading

The post OFFICIAL: Universal Music Sells 10% Stake To China’s Tencent For $3.4B, Grainge Promises Status Quo appeared first on Hypebot.

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