Tencent Group Buys 10% of Universal Music for $3.4 Billion
The Tencent Holdings Ltd. logo is seen on a detail of the company’s website displayed on an Apple Inc. iPad in an arranged photograph in Hong Kong, China. (Photographer: Brent Lewin/Bloomberg)

Tencent Group Buys 10% of Universal Music for $3.4 Billion

(Bloomberg) -- A consortium led by China’s Tencent Holdings Ltd. agreed to buy 10% of Universal Music Group from French media company Vivendi SA after months of talks.
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