Tencent Buys 10% Stake In Universal Music For $3.4 Billion [Forbes]
Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares (TME)
Last tencent music entertainment group american depositary shares, each representing two class a ordinary shares earnings: 3/16 04:15 pm
Check Earnings Report
Company Research
Source: Forbes
Universal Music is ringing in the new year with a big move: the world’s biggest record company sold a 10% stake to a consortium of investors led by Chinese conglomerate Tencent Holdings. Owned by French media empire Vivendi, the $3.4 billion purchase places UMG at a total value of $33.6 billion — and there will be an option for Tencent to snag an additional piece of the pie, up to 10%, by Jan. 15, 2021. The move will bolster each company’s global expansion, as Tencent claims greater access to a firm that houses top acts like Taylor Swift, The Beatles, and Lady Gaga. The Chinese firm already owns a 7.5% stake in Swedish giant Spotify, and Tencent Music Entertainment announced a music distribution and marketing partnership with top K-pop company SM Entertainment Meanwhile, UMG will gain greater access to the Asian market. “Vivendi is very happy with the arrival of Tencent and its co-investors,” Vivendi said in a statement. “They will enable UMG to further develop in the Asian market.” A
Show less
Read more
Impact Snapshot
Event Time:
TME
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TME alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TME alerts
High impacting Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares news events
Weekly update
A roundup of the hottest topics
TME
News
- Southeast Asia is in for a blockbuster 2025, with WeTV Unveiling an Expanded Global Content Slate and Strong Performances [Yahoo! Finance]Yahoo! Finance
- Tencent Music Entertainment Group (TME) Shares Pulled Back After Strong Performance [Yahoo! Finance]Yahoo! Finance
- Key Investors Say Bet on These Stocks at Sohn Australia Conference [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tencent Music Entertainment Group Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Games Recovery Lifts China's Tencent to 47% Quarterly Profit Increase [Yahoo! Finance]Yahoo! Finance
TME
Earnings
- 11/12/24 - Miss
TME
Sec Filings
- 11/12/24 - Form 6-K
- 10/15/24 - Form 6-K
- TME's page on the SEC website