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Tencent Music and Himalaya Forge Alliance to Confront Shared Competitor
2 week ago /
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Author：小编
Tencent Music is set to acquire Himalaya in a deal worth $1.26 billion, which combines cash and equity, bringing an end to three years of negotiations. This strategic move is designed to bolster Tencent Music's position against ByteDance in the audio market, while simultaneously offering Himalaya fresh avenues for growth. Himalaya's multiple unsuccessful IPO attempts have led to a substantial decline in its valuation. Despite the obstacles posed by potential cultural clashes and antitrust scrutiny, the integration is anticipated to harness untapped potential through the harmonious blending of content and user data.
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