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TME - Tencent-led group to buy stake in Universal Music Group
Tencent Music Entertainment Group American Depositary Shares each representing two Class A
Tencent (NYSE:TME) +1.9% pre-market on news it is leading a consortium which has agreed to acquire as much as 20% of Vivendi's (OTCPK:VIVHY) Universal Music Group in a deal that values UMG at €30B ($34B).
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