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Tencent Music has unveiled its acquisition of Himalaya for an approximate sum of $2.86 billion. Upon the conclusion of this transaction, Himalaya will transition into a fully-owned subsidiary under Tencent Music, while preserving its distinctive brand identity, product line, team structure, and strategic autonomy. This merger is the culmination of meticulous deliberations between both entities, aimed at fostering high-quality growth within the online audio industry. Despite Himalaya's current profitability, both parties aspire to secure long-term stability and growth through this union. Amidst intensifying competition and a gradual deceleration in industry expansion, the pursuit of sustainable profit models has emerged as a paramount challenge in the online audio market.
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