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Spotify, Tencent take a piece of each other

Monday 11 December 2017 | 06:25 CET | News
Spotify and Tencent said they have made equity investments in each other, with the aim of strengthening relationships between the company's music streaming platforms. Under the deal, Spotify and Tencent Music Entertainment Group (TME), a unit of the Chinese internet company, will take an minority stake in each other, for cash. Tencent will also invest in Spotify through secondary purchases. 

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Categories: Internet
Companies: Spotify / Tencent
Countries: World
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