Tencent announced that it and a consortium of investors had concluded its long awaited 10% purchase of Universal Music Group (UMG) from Vivendi for 3 billion euros ($3.36 billion). The acquisition is still subject to regulatory approval and other conditions. But it is expected to be finalized during the first half of 2020. While Tencent … Continue reading Tencent Officially Concludes 10% Purchase of Universal Music Group