Tencent Just Doubled Its Stake In Universal Music Group

Tencent has moved to double its 10 percent stake in Universal Music Group (UMG), with the multibillion-dollar investment expected to formally close early in the new year. The Chinese conglomerate, which officially acquired its first tenth of Universal Music Group back in March, announced today that it will purchase a second tenth. Tencent fronted €3 […]
The post Tencent Just Doubled Its Stake In Universal Music Group appeared first on Digital Music News.