0
Broadband

Tencent starts procedure to list music unit in US

Monday 9 July 2018 | 09:25 CET | News
Update: 9 July 2018 | 13:15 CET
Tencent announced it has made a regulatory filing to spin off and list its online music operations in the US. No terms for the proposed spin-off, including offering size, price range and entitlement of Tencent Music securities for the company's shareholders, have yet been finalised, Tencent said, adding that it will make further statements on the matter in due course. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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.

Subscriptions

Already registered?


[09/07/2018 13:15 - Update: Updates with Tencent confirmation.]


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: Tencent
Countries: China / United States
::: 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.


Related

Tencent prices USD 6 bln bond offering

Published 04 Apr 2019 14:13 CET | World
Tencent has priced its offering of USD 6 billion worth of notes. The company said it intends to use the money raised to ...

Tencent Music prices IPO at low end of range, raising USD 1.1 bln

Published 12 Dec 2018 08:36 CET | China
Tencent Music has priced its initial public offering of shares at USD 13 per ADS, the low end of its indicated range. This ...

Tencent Music files for IPO in US

Published 03 Oct 2018 09:13 CET | China
Tencent Music has filed for an initial public offering of shares in the US, to raise up to USD 1 billion. Tencent is expected to ...

Tencent revenue growth slows in Q2 on weaker mobile games business

Published 15 Aug 2018 14:24 CET | China
Chinese internet group Tencent reported a slowdown in revenue growth in the second quarter to 30 percent, for total revenues of ...

Tencent joins LoRa Alliance, to build LoRaWAN in Shenzhen

Published 31 Jul 2018 09:30 CET | China
Tencent joined the LoRa Alliance at the highest level, further accelerating the adoption of LoRaWAN technology. This news ...

Tencent appoints banks to lead music unit IPO in New York - report

Published 31 May 2018 09:43 CET | United States
Back in 2017, Tencent arranged a stake swap with Spotify, giving Tencent and TME a 7.5 percent holding in its New York-listed ...

Tencent Music to launch IPO in H2, valuation to top USD 25 bln - report

Published 23 Apr 2018 09:46 CET | China
Tencent Music is expected to list in the US. However, the final decision on the venue of the deal is not yet determined. Set up ...





Calendar   /   Industry Events

26 Jan Cisco Live
27 Jan Sprint fiscal Q3
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Grameenphone Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan Dtac Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan Telenor Q4 2019
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan KPN Q4 2019
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan Line Q4 2019
29 Jan Elisa Q4 results
29 Jan European 5G Conference
30 Jan BT fiscal Q3
30 Jan Verizon Q4 2019
30 Jan NTT Docomo fiscal Q3
30 Jan Amazon Q4 2019
30 Jan Samsung Electronics Q4 2019
30 Jan The Things Conference
::: More Calendar Items