News brief
On 2025/6/10, Tencent Music announced plans to fully acquire Ximalaya for USD 1.26 billion cash, approximately CNY 9.06 billion, and no more than 5.1986% Class A ordinary shares. After four failed IPO attempts, Ximalaya was being sold to Tencent Music. Founder Yu Jianjun said sharing resources and advancing together was preferable to operating alone.
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English text is maintained separately from the original record. Consult the original source before citing a fact.
- www.ce.cn ↗Published Jun 12, 2025
Original source text
Names may use phonetic renderings when no English name is supplied. The original wording is retained below.
2025年6月10日腾讯音乐公告拟以12.6亿美元现金（约90.6亿元人民币）及不超过5.1986% A类普通股全面收购喜马拉雅，四次IPO折戟后"卖身"腾讯音乐，创始人余建军称与其单打独斗不如共享资源携手走更远。