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“#Tencent doubles stake in Universal Music Group” Chinese internet giant Tencent is doubling its stake to 20 percent in Universal Music Group, the home of entertainers like Ariana Grande, Lady Gaga, Billie Eilish, Drake and the Beatles. Tencent said Friday that it was leading a consortium that agreed to buy an additional 10 percent stake…
“Warner Music prices IPO shares at $25, values company at $12.75B” Warner Music Group struck a chord with investors during its stock debut Wednesday. The record label behind Ed Sheeran, Bruno Mars and Cardi B. soared 20 percent in its first day of trading after being priced at $25 per share in an initial…
“Warner Music Group moves forward with IPO despite coronavirus” May 26, 2020 | 10:44am Warner Music Group, the hot record company behind Cardi B, Ed Sheeran and Bruno Mars, said it’s moving forward with its planned initial public offering, despite the coronavirus pandemic. The New York-based company said its green lighting the IPO after it…