Tencent Music completes $2.6 billion acquisition of podcast platform Ximalaya
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Tencent Music Entertainment has completed its $2.6 billion acquisition of Ximalaya, a major Chinese audio platform. The deal, approved by China's market regulator, includes cash and shares for Ximalaya shareholders. This acquisition enhances Tencent Music's presence in the audio market, expanding into podcasts and audiobooks.
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