Tencent Music acquisition of Ximalaya (2025–2026)
deal·acquisition·closed
Acquisition involving an in-scope AI-music or AI-audio organization.
Recorded facts
| Official site | https://www.sec.gov/Archives/edgar/data/1744676/000095010325007180/dp229933_6k.htm ↗ |
|---|---|
| Geography | Mainland China |
| closing date | 2026-05-18 |
| regulatory state | conditionally approved by SAMR with restrictive conditions |
| announcement date | 2025-06-10 |
| completion source | src-tme-completion-sec |
| transaction state | completed |
| transaction value | value: 1260000000 · currency: USD · qualifier: cash_component · disclosure state: disclosed |
| buyer organization | org_tencent_music |
| share consideration | initial cap percent: 5.1986 · additional founder cap percent: 0.37 · maximum class a shares reported at completion: 175288891 |
| target organization | org_ximalaya |
| transaction structure | Cash plus shares: US$1.26 billion cash, up to 5.1986% of TME ordinary shares before closing, and up to a further 0.37% in tranches to founder shareholders. |
| ownership acquired percent | 100 |
Current
| buyer in (by) | Tencent Music Entertainment Group 2026-05-18 — nowSource 1 ↗ VERIFIED high confidence |
|---|
History
| target in (by) | Ximalaya Inc. 2026-05-18 — nowUnverifiedSource 1 ↗ VERIFIED high confidence |
|---|---|
| buyer in (by) | Tencent Music Entertainment Group 2026-05-18 — nowUnverifiedSource 1 ↗ VERIFIED high confidence |
Sources & changes
Checked 10d ago · highhow verification works
Field-level evidence
Public change history
- Status unknown → closed
- Official URL unknown → www.sec.gov/Archives/edgar/data/1744676/000095010325007180/dp229933_6k.htm
- Record maintenance · 12 fields updated
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