Bearing all that in mind, Tencent Music is putting up a combination of cash ($1.26 billion) and stock to purchase Ximalaya, the aforesaid disclosure shows. Stock-wise, that refers mainly to ...

Investing.com -- Tencent Music Entertainment Group (NYSE:TME) shares rose 5.4% on Tuesday following news that the company will acquire Chinese podcast platform Ximalaya in a $2.4 billion cash-and ...

Ximalaya, a major force in spoken-word content, is set to become a subsidiary of TME. By Marc Schneider Industry News Editor Tencent Music Entertainment, China’s fast-growing streaming platform ...

Tencent Music Entertainment Group has agreed to buy Chinese podcasting startup Ximalaya Inc. for $1.3 billion in cash plus an issuance of stock, a deal that propels its ambition to become China ...

Ximalaya generated revenue of CNY 6.2 billion (USD 870 million) in 2023, roughly 20% of Tencent Music's. Its operating margin was just above breakeven (around 1.5%), which is typical for ...

Ximalaya, backed by China's Tencent Holdings, filed for an initial public offering (IPO) in the United States on Friday, cashing in on growing demand as more people tune in to podcasts while ...

Tencent Music Entertainment Group, China’s largest online music platform by user count, announced on Tuesday its acquisition of audio content platform Ximalaya for about US$2.4 billion in cash ...

Ximalaya had applied to list on the New York Stock Exchange in late April, according to Reuters, which first reported Beijing's pressure campaign.

Chinese audio-sharing platform Ximalaya has said a report on its plan to lay off 30% of its workforce, with product and operation employees hit the hardest, is “baseless and completely untrue,” ...

Online audio platform Ximalaya has moved into the black for the first time since it was founded in 2012, racking up a fourth-quarter profit of over 10 million yuan (US$1.48 million) amid tough ...

Tencent Music to Acquire Chinese Podcast Platform Ximalaya for $2.4 Billion Ximalaya, a major force in spoken-word content, is set to become a subsidiary of TME.