AcquisitionsMay 18, 2026, 06:07 AM
Tencent Music Completes Ximalaya Acquisition for $1.26B Cash & Shares
AI Summary
Tencent Music Entertainment Group announced the completion of its acquisition of Ximalaya on May 18, 2026. The merger consideration for Ximalaya's equity securities involved up to $1,260,000,000 in cash and up to 175,288,891 Class A ordinary shares of Tencent Music. Following the acquisition, Ximalaya is now a wholly-owned subsidiary of the company.
Key Highlights
- Tencent Music completed the acquisition of Ximalaya on May 18, 2026.
- Merger consideration included up to $1,260,000,000 in cash.
- Up to 175,288,891 Class A ordinary shares were part of the merger consideration.
- Ximalaya has become a wholly-owned subsidiary of Tencent Music Entertainment Group.
Price Impact
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