On June 5th, Guolong News reported that Tencent Music (TME.US) rose by over 2.6% to $14.365. In terms of news, Thailand's GMM Music announced a strategic cooperation with Tencent Music Entertainment Group and Tencent. As part of the agreement, Tencent Music and Tencent will acquire a 10% stake in GMM Music for approximately $70 million in cash and JOOX Thailand's minority equity.
美股异动｜腾讯音乐涨超2.6% 与腾讯共同出价7000万美元收购GMM Music 10%股份
Tencent Music rose more than 2.6% in the US stock market. Together with Tencent, it offered $70 million to acquire a 10% stake in GMM Music.
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