What is happening with TENCENT Music Stock today? – World Music Industry Index Musq Etf (Arca: Musq), Tencent Music Enter Gr (Nyse: TME)

Tencent Music Entertainment Group – AdR Tme The shares are trading less on Tuesday.

In a second presentationThe company revealed a major strategic step: planned acquisition Ximalaya inc.A prominent audio platform on the Internet in China.

This step indicates the Terent Music intention to expand greatly beyond its basic works that flow music.

The company officially agreed to an integration deal, on June 10, 2025, which will make Ximalaya a subsidiary fully owned by Tencent Music.

This deal is awaiting organizational approvals and other standard closing conditions.

Also read: Spotify Stock Smashes Records: Goldman sees a $ 200 music broadcast market by 2035

Under the conditions of the integration agreement, stakeholders are appointed to Ximalaya, including shareholders and participants in employee shares plans, to receive a payment package.

This includes about $ 1.26 billion in cash. In addition, Tencent Music will release regular category A, representing up to 5,1986 % of its suspended shares, based on a reference history before closing.

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A separate shares are set, up to 0.37 %, for the shareholders of Ximalaya founder, with these arrows in slices after the deal is over.

Before completing the affiliation, Ximalaya will undertake an internal restructuring of some of its business units.

according to Benzinga ProTENCENT Stock gained more than 27 % last year.

Investors can expose the stock via The global music industry index Musq Etf Musq.

Tme Price work: TENCENT shares are trading 0.81 % to $ 18.37 in publication on Tuesday.

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