Shares in Chinese music streaming leader Tencent Music Entertainment rose 21.1% Monday morning on news it will acquire Lazy Audio, a Chinese-owned service with spoken word content such as audiobooks and podcasts, for $417 million.
Tencent Music Entertainment Shares Jump 21% on News of Lazy Audio Acquisition
Billboard - 19 Jan 2021 22:45
Shares in Chinese music streaming leader Tencent Music Entertainment rose 21.1% Monday morning on news it will acquire Lazy Audio, a Chinese-owned service with spoken word content such as audiobooks and podcasts, for $417 million.
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