# Tencent Music plans full Ximalaya acquisition for USD 1.26 billion cash and equity

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.



Canonical: https://uniquebase.ai/news/e1401b87-e62b-4863-9080-495832c57741
Stable identifier: e1401b87-e62b-4863-9080-495832c57741
Snapshot captured: 2026-10-15T14:23:27.067Z
English updated: 2026-10-16T00:16:58.247Z

## Connected profiles

- [Tengxunyinleyule Group](/institutions/tengxunyinleyule-group)
- [Ximalaya](/companies/ximalayazhinengpeiyin)

## Sources

- http://www.ce.cn/xwzx/gnsz/gdxw/202506/t20250612_2324913.shtml