China's Tencent Group seeks $1.1b loan for Universal Music deal

China's Tencent Group seeks $1.1b loan for Universal Music deal

Tencent Holding Ltd

A consortium led by Tencent Holdings Ltd. is seeking a 1 billion euro ($1.1 billion) five-year loan to help fund its $3.4b purchase of a stake in Universal Music Group, according to people familiar with the matter.

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