Tencent in Talks for Stake in Record Label of Ariana Grande, Queen

Chinese internet giant Tencent is in talks to buy a stake in Universal Music Group, home to Beatles and Billie Eilish (corrects typo)

BEIJING—Tencent Holdings Ltd. is negotiating to buy 10% of Universal Music Group, the world’s largest music company, from Vivendi SA for about €3 billion —a deal that would strengthen the Chinese internet giant’s growing clout in the global record industry.

The investment, if consummated, also gives Tencent an option to double its stake. A deal would give it a seat at one of the world's music giants. Los Angeles-based Universal has signed blockbuster artists like Ariana Grande, Drake and Billie Eilish. Its stable...

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