Category archives: Tencent

Tencent and KKR are mulling $22.7bn Universal Music Group bids – report

Potential bids would value Universal at around $46bn
The post Tencent and KKR are mulling $22.7bn Universal Music Group bids – report appeared first on Music Business Worldwide.

Tencent Music (TME) Upgraded As Analyst Praises Streamer’s Unique, Profitable Revenue Model

Just weeks after Tencent Music’s belated IPO on the New York Stock Exchange, JPMorgan has given a strong endorsement to the Chinese Music streamer, moving it from hold to buy with a $16.00 target price. Tencent Music closed Friday trading at $14.35, up 10.6% on the news. JPMorgan analyst Alex…

MON. BRIEF: NetEase Challenges Tencent • SoundExchange Financials • US Piracy Lawsuits Increase • More

1.7.19
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REWIND: The New Music Industry’s Week In Review

In this weekly look back at the past seven days of music business news, we revisit low-key corruption from lobbyists at the Grammys, Ed Sheeran’s massive touring earnings in 2018, Tencent’s IPO and what it says about music tech investments, plus more! $5K Gets You A Box At The Grammys…

Tencent Music [TME] Ends First Trading Day Up 7.7%

After opening at $14.10, Tencent Music ended its first day of trading Wednesday up $1.00 at $14.00 or 7.69% above it’s $13.00 target IPO asking price. At one point in the day, the stock was trading at $14.75. 60,190,565 shares of TME traded hands on Wednesday. The full Tencent offering…

Tencent Music starts trading on New York Stock Exchange, raises $1.1bn

Tencent Music started trading on the NYSE with an initial share price of $13
The post Tencent Music starts trading on New York Stock Exchange, raises $1.1bn appeared first on Music Business Worldwide.

MON. BRIEF: Investor Sues Ahead Of Tencent IPO • Spotify Back In Court • 1st Digital Box Set • More

MONDAY 12.10.18
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