Tencent Talking with Potential Co-Investors for Universal Music Group Bid

Tencent is reportedly looking to find co-investors for its bid to purchase a 10% interest of Universal Music Group (UMG) from Vivendi. According to Bloomberg, Tencent is approaching a number of companies to join it. This includes both Hillhouse Capital and a sovereign wealth fund in Singapore called GIC Pte. If the Chinese tech giant […]

The post Tencent Talking with Potential Co-Investors for Universal Music Group Bid appeared first on Digital Music News.

Leave a comment

Your email address will not be published. Required fields are marked *