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Spotify and Tencent agree to swap stakes in their music businesses

Tencent’s abroad funding splurge continues after the corporate confirmed a take care of Spotify that can see the duo make investments in one another’s music companies. Tencent Music Leisure (TME), the Chinese language agency’s subsidiary that manages its music streaming and karaoke providers, will make an undisclosed minority funding in Spotify by new shares, whereas […]

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