Tencent in Talks to Buy 10% of Universal Music Group

Chinese digital giant Tencent has entered negotiations with French media group Vivendi to buy a 10% stake in Universal Music Group. Vivendi said the two companies were also exploring other areas of “strategic commercial cooperation” that would help grow UMG, the world’s biggest music company with market share of more than 30% in 2018, through new digital initiatives and territories.

Source: Tencent in Talks to Buy 10% of Universal Music Group

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