Tencent buys audiobook platform Lazy Audio for $417m
Tencent Music Entertainment Group expects the deal to be finalised in the first half of 2021
15 January 2021 - 17:06
Bengaluru — China’s Tencent Music Entertainment Group said on Friday it has acquired audiobook platform Lazy Audio, owned by Shenzhen Lanren Online Technology, for 2.7-billion yuan ($417m).
The deal will be largely paid through cash and Lazy Audio’s management team will get post-acquisition equity-settled awards, Tencent said...
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