Tencent Music Reportedly Prepares to Acquire Podcast Platform Ximalaya in $2.4 Billion Deal

Tencent Music is reportedly in talks to purchase podcast platform Ximalaya. Photo Credit: Austin Distel
Tencent Music (NYSE: TME) is reportedly in “advanced” talks to purchase Chinese podcast platform Ximalaya in a multibillion-dollar deal.Word of the possible buyout entered the media spotlight in a detail-light report from Bloomberg. As described by the outlet, which cited anonymous and purportedly well-informed sources, the acquisition could bring with it a $2.4 billion price tag.