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The investing group holds an option to boost its stake to as much as 20% at the same valuation, according to a Tuesday statement.
Vivendi, which owns UMG, says Tencent would also have an option to acquire an additional 10% stake in the music business. Vivendi's stock soared.
How much money is the popular free game "Fortnite" making? More than you might think.
Bluehole, the South Korean company behind "PlayerUnknown's Battlegrounds," is suing Epic Games, the American company behind "Fortnite." The claim: copyright infringement.
A Chinese-made music video app called Tik Tok took first place with an estimated 45 million downloads.
Many analysts believe the media and e-commerce giant still has tremendous growth potential. But critics point to numerous concerns that they say make investment in the stock a risky proposition.
Holding too much of a single stock – even if it is a star performer – is never a good idea.
The game based on the reality TV star’s life just can’t keep up.
Here's where consumers spent the most on streaming apps this decade.
As worries of a tech Cold War between the United States and China loom, Roblox is signing a key deal with Chinese internet giant Tencent.
Ant Financial’s Alipay and Tencent warned that cyber-attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach for China’s top digital payments providers.
Tencent’s social media platforms are to China as Facebook’s are to the rest of the world and yet the companies are similar in their financial outputs.
Naspers sold 189,978,300 shares in Tencent for the equivalent of R115 billion. Business Insider rounded up a list of things the company could do with the proceeds from the sale.
Everything will be fine, just as long as Tencent only ever goes up, Bruce Whitfield says.
Tencent, China’s biggest instant messaging company, bought 145.8 million non-voting shares in Snap saying it plans to work closely with the social media company.
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