Tencent doubles stake in Universal Music, home to Ariana Grande, Drake

Chinese internet giant Tencent is doubling its stake to 20 percent in Universal Music Group, the home of entertainers like Ariana Grande, Lady Gaga, Billie Eilish, Drake and the Beatles. Tencent said Friday that it was leading a consortium that agreed to buy an additional 10 percent stake in UMG from parent company Vivendi, in…
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