Tencent Music, Spotify in talks to swap stakes up to 10% - Report

Tencent Music, Spotify in talks to swap stakes up to 10% - Report

REUTERS/Dado Ruvic

The music group of China’s Tencent Holdings Ltd and Sweden’s Spotify AB are in talks to swap stakes up to 10 percent in each other’s businesses ahead of their expected public listings next year, the Wall Street Journal reported on Friday.

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