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December 10, 2017 09:06 pm GMT

Spotify And Tencent To Buy Minority Stakes In Each Other

Spotify and Tencents subsidiary that handles the Chinese firms music streaming business have disclosed their joint plans to purchase minority equity shares in each other. Spotify announced the equity investments on Friday, under which Tencent will buy secondary shares from Spotifys existing investors while Spotify will also acquire minority stakes in Tencent Music Entertainment (TME). […]

The post Spotify And Tencent To Buy Minority Stakes In Each Other appeared first on AndroidHeadlines.com |.


Original Link: https://www.androidheadlines.com/2017/12/spotify-tencent-buy-minority-stakes.html

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