Fairness Rocks News Tencent set to buy 10% stake in Universal Music


Fairness Rocks News Tencent set to buy 10% stake in Universal Music

Home Industry News Tencent set to buy 10% stake in Universal Music

Author: BBC News

Date: August 6, 2019

Original Source: BBC News

Industry News

Tencent set to buy 10% stake in Universal Music

Vivendi is set to sell a 10% stake in the Universal Music Group (UMG) to Chinese tech group Tencent.

Universal – the world’s biggest music company – already has its content streamed by Tencent in China¬†as the result of a deal struck in 2017.

Read more: https://www.bbc.co.uk/news/business-49248074