.tencentglobal spent at least $200 million to scoop up 8 million shares of warnermusic Class A common stock.
The Chinese music company spent at least $200 million to scoop up 8 million shares of WMG Class A common stock on June 3.
Four million shares were purchased by Tencent Music Entertainment, a streaming company of which Chinese conglomerate Tencent is a majority owner. Another 4 million shares were bought by Huang River Investment Ltd, a wholly-owned subsidiary of Tencent Holdings Ltd, according to the Schedule 13G filed with the SEC on Friday .
Tencent now owns 10% of two of the three major music companies, having paid $3.3 billion for a 10% stake -- at a $33 billion valuation -- in Universal Music Group in March. The relationships could give advantages to Universal and Warner in China's fast-growing music streaming market. TME's music apps had 657 million monthly listeners and 42.7 million subscribers as of March 31.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
China's Tencent Music reports passive stake in Warner MusicChina's Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Warner Music Group Corp, about a week after the world's third-largest recording label's debut on the Nasdaq.
続きを読む »
Tencent Acquires $100 Million Stake in Warner MusicTencent Music Entertainment has acquired a stake in Warner Music Group worth $100 million, according to an SEC filing by WMG on Friday. The company has acquired 4 million Class A common stock share…
続きを読む »
Warner Music's Stock Offering Previews a Hot New Sound for Industry: Cha-ching!?WMG&39;s initial public offering marks the music industry&39;s triumphant return to Wall Street after years spent searching for a sustainable business model.
続きを読む »
Warner Bros Responds To J.K. Rowling Comments, Resolves To “Confront Difficult Societal Issues”Warner Bros. has finally weighed in regarding Wizarding World architect J.K. Rowling’s recent remarks on the trans community, which have sparked controversy since she tweeted Saturday. Here i…
続きを読む »
Warner Bros. Responds to J.K. Rowling Controversy: ‘A Diverse and Inclusive Culture Has Never Been More Important’Warner Bros. has responded to the ongoing controversy surrounding J.K. Rowling’s statements about transgender identity. “The events in the last several weeks have firmed our resolve as …
続きを読む »
China's Tencent Music reports passive stake in Warner MusicChina's Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Warner Music Group Corp, about a week after the world's third-largest recording label's debut on the Nasdaq.
続きを読む »