Tencent Music plans to wholly acquire Ximalaya for $1.26 billion, aiming to enhance its presence in the growing digital audio market while maintaining Ximalaya's operational independence.

Target Information

In June 2025, Tencent Music Entertainment Group announced its intention to wholly acquire Ximalaya, a prominent podcast platform in China. The acquisition deal includes a cash payment of $1.26 billion and potentially up to 5.1986% of Tencent Music's Class A ordinary shares. Upon completion of the transaction, the existing brand, product operations, management team, and strategic direction of Ximalaya will remain unchanged, demonstrating Tencent's intent to enhance its digital media and entertainment portfolio while retaining Ximalaya's operational independence.

Ximalaya has established itself as a leader in the audio content industry, with a substantial user base and a diverse range of content offerings. The acquisition signifies Tencent Music's commitment to expanding its presence in the growing digital audio market, reflecting the rapid increase in consumer demand for audio content.

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