--- title: "Himalaya responds to acquisition: The company's development strategy remains unchanged and will continue to embrace AI" type: "News" locale: "en" url: "https://longbridge.com/en/news/244000684.md" description: "Regarding the full acquisition of the company by the Hong Kong-listed Tencent Music Entertainment Group, Ximalaya stated on June 11 that the merger and acquisition will be officially completed once all preconditions are met. Based on past related cases, this generally takes about one year or even longer. Currently, Ximalaya continues to operate as an independent entity" datetime: "2025-06-11T05:29:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/244000684.md) - [en](https://longbridge.com/en/news/244000684.md) - [zh-HK](https://longbridge.com/zh-HK/news/244000684.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/244000684.md) | [繁體中文](https://longbridge.com/zh-HK/news/244000684.md) # Himalaya responds to acquisition: The company's development strategy remains unchanged and will continue to embrace AI Regarding the acquisition of the company by Tencent Music Entertainment Group, a wholly-owned subsidiary listed on the Hong Kong Stock Exchange, Ximalaya stated on June 11 that the merger and acquisition will be officially completed after all preconditions are met. Based on past related cases, the typical timeframe is around one year or even longer. Currently, Ximalaya continues to operate as an independent entity ### Related Stocks - [Tencent Music Entertainment Group (TME.US)](https://longbridge.com/en/quote/TME.US.md) - [TME-SW (01698.HK)](https://longbridge.com/en/quote/01698.HK.md) - [喜马拉雅控股 (21213.HK)](https://longbridge.com/en/quote/21213.HK.md) ## Related News & Research - [Universal Music Group (ENXTAM:UMG) Valuation Check As €500 Million Share Buyback Signals Long Term Confidence](https://longbridge.com/en/news/281255171.md) - [Anthropic's head of growth says the company culture is so open that people 'just argue with Dario' on Slack](https://longbridge.com/en/news/281731459.md) - [Orient Securities Keeps Their Buy Rating on Tencent Music Entertainment Group Class A (1698)](https://longbridge.com/en/news/280960163.md) - [Director Lin-Manuel Miranda will make musical ‘Octet’ into movie](https://longbridge.com/en/news/281577441.md) - [The Chinese box office isn't the Hollywood kingmaker it used to be. Here's why](https://longbridge.com/en/news/281684877.md)