Wednesday, July 13, 2016

Tencent to Acquire Majority Stake in China Music Corp.

China’s Tencent Holdings has agreed to acquire a controlling stake in the country’s leading music-streaming company in a deal that values the firm at roughly $2.7 billion and creates a dominant player in China’s online-music market, people familiar with the matter said.

from WSJ.com: US Business http://ift.tt/29ZCvFt
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