{"id":130867,"date":"2025-06-10T13:26:11","date_gmt":"2025-06-10T13:26:11","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130867"},"modified":"2025-06-10T13:26:11","modified_gmt":"2025-06-10T13:26:11","slug":"tencent-music-to-buy-ximalaya-an-audio-app-used-by-300-million-users","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130867","title":{"rendered":"Tencent Music to buy Ximalaya, an audio app used by 300 million users"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostTencent Music Entertainment Group, China\u2019s largest online music platform by user count, announced on Tuesday its acquisition of audio content platform Ximalaya for about US$2.4 billion in cash and stock.<br \/>\nThe Tencent Holdings subsidiary will offer US$1.26 billion in cash and up to 5.2 per cent of its total outstanding class A ordinary shares. It will also issue up to 0.37 per cent of its shares to Ximalaya\u2019s founding investors.<br \/>\nAs part of the deal, Ximalaya will restructure certain existing&#8230;<a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3313901\/tencent-music-buy-ximalaya-audio-app-used-300-million-users?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostTencent Music Entertainment Group, China\u2019s largest online music platform by user count, announced on Tuesday its acquisition of audio content platform Ximalaya for about&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130867"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130867"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130867\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130867"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}