Tencent Music and a buyout fund emerge as first possible buyers for Universal Music Group stake

One of the big music industry narratives this year will likely be the expected sale of up to a 50% stake in Universal Music Group. Two very different potential buyers have already emerged. Reuters reported that Tencent Music Entertainment and U.S. buyout fund KKR are each exploring bids for the major label. Continue Reading

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Digital content and podcasting startup from former TED execs lands $4.3 million

Digital content startup WaitWhat has landed an investment of $4.3 million. The company, founded by former TED executives June Cohen and Deron Triff, has quickly established itself as a player in podcasting. Along with the funding news, WaitWhat also announced the launch of a new podcast in partnership with Quartz called Should This Exist? Continue Reading