Tencent Music Confirms Ximalaya Buyout — Putting Up $1.26 Billion and Stock for the Podcast Platform

Turns out there was something to Tencent Music’s rumored Ximalaya acquisition plans: The music streaming giant has officially announced a deal to purchase the podcast platform. Tencent Music (NYSE: TME) confirmed the proposed buyout in a regulatory disclosure today, following late-April rumblings of its “advanced” talks with Ximalaya. The latter hosts not just the mentioned […]