Core Viewpoint - Tencent Music has announced a merger agreement with Ximalaya, which will make Ximalaya a wholly-owned subsidiary after the transaction closes [1][5]. Group 1: Transaction Details - The transaction involves the cancellation of equity securities held by Ximalaya's shareholders and employee stock plan participants in exchange for $1.26 billion in cash and Tencent Music shares [2][5]. - Tencent Music will issue Class A common stock not exceeding 5.1986% of the total shares outstanding as of five business days before the transaction closes, along with an additional issuance of up to 0.37% of total shares to founding shareholders post-transaction [5]. - The completion of the transaction is subject to regulatory approvals and other closing conditions [5]. Group 2: Market Reaction - Following the announcement, Tencent Music's stock surged over 11% in pre-market trading, and by the end of the trading day, it had increased by 2.43% in Hong Kong [4]. Group 3: Ximalaya's Future Plans - Ximalaya will undergo a restructuring of certain existing businesses related to the transaction, while maintaining its brand, product independence, core management team, and strategic direction [6]. - Ximalaya has committed to fulfilling all contracts with partners and ensuring customer rights are protected [6]. - The company aims to embrace AI to lead industry transformation [7]. Group 4: Tencent Music's Market Position - Tencent Music is the largest online music platform in China, holding approximately 70% market share, and has developed a comprehensive music entertainment ecosystem [8]. - In Q1, Tencent Music reported total revenue of 7.36 billion yuan, a year-on-year increase of 8.7%, with adjusted net profit rising by 22.8% to 2.23 billion yuan [8]. - Online music service revenue grew by 15.9% to 5.80 billion yuan, with the number of paying users increasing by 8.3% to 12.29 million [8].
12.6亿美元,腾讯音乐要收购喜马拉雅了
母基金研究中心·2025-06-11 01:46