Tencent plans 'to lift stake in Vivendi's Universal Music' Business


Source: chinadailyhk.com chinadailyhk.com

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Tencent plans 'to lift stake in Vivendi's Universal Music' By Bloomberg Wednesday, October 14, 2020, 14:54 By Bloomberg This undated photo shows a view of the Tencent Binhai Building, the Chinese tech giant's headquarters, in Shenzhen, Guangdong province. (PHOTO PROVIDED TO CHINA DAILY) Tencent Holdings Ltd is planning to increase its stake in Universal Music Group by a further 10 percent before the option expires in January, according to people familiar with the matter. The Chinese mainland technology company last year led a consortium that purchased 10 percent of the world’s biggest music company from French media company Vivendi SA....