Tencent Music Entertainment Group News - May 18, 2026
Tencent Music Seals Its $2.4 Billion Ximalaya Deal — But Can Regulatory Strings and Slowing Growth Justify the Price?
Shares jumped 6.5% to $9.02 as Tencent Music Entertainment confirmed it had closed its acquisition of Ximalaya, China's dominant podcast and audiobook...
🟢 TME is trading 6.5% up today on $1.26B acquisition of Ximalaya
TME is trading 6.5% up at $9.02 after confirming the acquisition of online audio platform Ximalaya in a deal worth up to $1.26 billion in cash plus shares. •...
Tencent Music Acquires Ximalaya for $1.26 Billion, Targeting Long-Form Audio Growth
Tencent Music Entertainment Group (TME) finalized its acquisition of Ximalaya Inc. on Monday. The online audio platform is now a wholly-owned subsidiary of TME...