Tencent, Spotify in talks to swap stakes of up to 10% ahead of IPOs - report

Friday 1 December 2017 | 14:17 CET | News
Do you have a new team member or employee? Do you want to refresh your own knowledge? Then the online masterclass Introduction Dutch Telecom market is for you! Please enroll here.
Chinese internet group giant Tencent and Sweden's Spotify are in talks to buy stakes of up to 10 percent in each other's businesses ahead of their expected initial public offerings next year, the Wall Street Journal reported, citing sources familiar with the matter. The transaction would align the two services in future licensing negotiations with the major music labels and boost returns from the public listings, which are expected to value both in the billions of dollars, the sources said. Spotify has a higher valuation than Tencent Music Entertainment Group, which means Tencent would pay

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Spotify / Tencent
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Tencent invests in Shanda Games

Published 09 Feb 2018 16:12 CET | China
Tencent entered into a strategic partnership with Shanda Games, an online game company in China. Tencent said it will invest ...

China's Tencent set to raise USD 1 bln in IPO of music unit - report

Published 14 Dec 2017 08:58 CET | China
China's internet giant Tencent is set to raise at least USD 1 billion from an initial public offering of its music unit next ...

Spotify, Tencent take a piece of each other

Published 11 Dec 2017 06:25 CET | World
Spotify and Tencent said they have made equity investments in each other, with the aim of strengthening relationships between the ...

Spotify, Tencent willen 10% belang in elkaar, vooruitlopend op beursgang

Published 04 Dec 2017 07:50 CET | World
De Chinese internetreus Tencent en Spotify uit Zweden zijn in onderhandeling over het kopen van 10 procent van elkaars bedrijven, ...