Tencent Music’s $2.4B Ximalaya Takeover Conditionally Approved by China
China’s State Administration for Market Regulation (SAMR) announced on Tuesday, May 12, its conditional approval for Tencent Music Entertainment's $2.4 billion acquisition of the Ximalaya audiobooks and podcast platform.
Tencent Music Entertainment‘s acquisition of Chinese audiobooks and podcasting platform Ximalaya has cleared China’s competition watchdog. China’s State Administration for Market Regulation (SAMR) issued an announcement on Tuesday (May 12) granting conditional approval to the USD $2.4 billion cash-and-stock deal, nearly a year after Tencent Music first unveiled the transaction in a June 2025 SEC … Continued
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_Originally reported by [Music Business Worldwide](https://www.musicbusinessworldwide.com/tencent-musics-2-4b-ximalaya-takeover-cleared-by-chinas-competition-watchdog-with-conditions/)._
This story is summarized from coverage by Music Business Worldwide.
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