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Tencent Music completes acquisition of Ximalaya for up to US$1.26 billion cash, shares

PUBT·05/18/2026 09:05:23
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Tencent Music completes acquisition of Ximalaya for up to US$1.26 billion cash, shares
  • Tencent Music Entertainment Group completed its acquisition of Ximalaya on May 18, 2026, making the audio platform a wholly owned subsidiary.
  • The deal consideration included cash of up to USD 1.26 billion.
  • Ximalaya shareholders also received up to 175,288,891 Tencent Music Class A ordinary shares, including newly issued shares and shares underlying equity-based awards.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tencent Music Entertainment Group published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260518-12162054), on May 18, 2026, and is solely responsible for the information contained therein.