China’s Tencent Holdings in talks to buy Warner Music stakes worth $200M

02.06.2020 - Davydova Maria
China’s Tencent Holdings in talks to buy Warner Music stakes worth $200M

Chinese Internet service provider Tencent Holdings Ltd (0700.HK) said on Friday that it is discussing an investment worth $200 Million in the world’s largest music company Warner Music Group (WMG) as part of its initial public offering next week.

Warner Music Group first announced its intention to launch an IPO in February. However, on March 2, the record label decided to postpone it because the coronavirus pandemic severely affected the economy of the United States and Europe.

Warner Music Group is also lining up other potential partners that could serve as anchor investors along with Tencent. The offering is expected to value Warner Music from $11.7 billion to $13.3 billion and is set to begin trading on June 3.

According to Dealogic’s (DL) data, it would be the biggest initial public offering in 2020.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?