Spotify and Tencent agree to swap stakes in their music businesses

 Tencent’s overseas investment splurge continues after the company confirmed a deal with Spotify that will see the duo make investments in each other’s music businesses. Tencent Music Entertainment (TME), the Chinese firm’s subsidiary that manages its music streaming and karaoke services, will make an undisclosed minority investment in Spotify through new shares, while… Read More

from Microsoft – TechCrunch https://techcrunch.com/2017/12/08/spotify-tencent-share-swap/?ncid=rss