China's Competition Watchdog Conditionally Approves Tencent Music's Acquisition of Chinese Audio Platform Ximalaya

MT Newswires Live

05/13

China's competition watchdog conditionally approved Tencent Music Entertainment's (HKG:1698) bid to acquire Ximalaya, an online audio platform, according to media reports Tuesday.

Tencent and Ximalaya are required to meet certain commitments. Under the regulatory notice, the combined entity was prohibited from raising prices for online audio streaming services according to the State Administration for Market Regulation.

Tencent Music agreed last year to acquire Ximalaya for $1.26 billion in cash and an issuance of stock.

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Under the regulatory notice, the combined entity was prohibited from raising prices for online audio streaming services according to the State Administration for Market Regulation.</p><p>Tencent Music agreed last year to acquire Ximalaya for $1.26 billion in cash and an issuance of stock.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TME","symbol_name":"腾讯音乐","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2635792402","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635792402","pubTimestamp":1778648638,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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