2.4 billion dollars — that’s the speculated price for Tencent Music to acquire Chinese podcast behemoth Ximalaya. Tencent Music Entertainment Group (TME) is likewise a giant Chinese audio platform.
This news appears to be unconfirmed by principles as of this posting. Our initial and central source is Reuters, which confesses that it has received no reply to its queries. The news organization proposes a confirmation timeline of weeks, not days.
Chinese news site CB.COM.CN confirms the rumor — not its reality — adding that the transaction was initiated two months ago.
As RAIN reported (HERE) in February 2019, Ximalaya (then called Himalaya) launched in the U.S.
In September 2019, we reported that Himalaya served “about 500-million users, according to an external source.
Ximalaya self-claims slightly over 300 million monthly users.
