2025-06-11 14:19:34.AIbase.18.8k
Tencent Music completes full acquisition of Himalaya, with AI becoming a key fusion term
Tencent Music Entertainment Group recently announced that it would acquire China's leading long audio platform, Himalaya, by paying $1.26 billion in cash and partial equity. This much-discussed merger not only reshaped the competitive landscape of China's audio market but also foretells a new trend of deep integration between "ear economy" and AI technology. According to the announcement, Tencent Music will pay a huge amount of cash and provide Class A ordinary shares worth up to 5.5686% of the total share capital to Himalaya and its founding shareholders in phases. After the transaction is completed, Himalaya will officially become part of Tencent Music.
