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# Tencent Music Buys $100 Million Stake In WMG
- URL: https://www.hypebot.com/tencent-music-buys-100-million-stake-in-wmg/
- Published: 2020-06-12T16:43:20.000Z
- Updated: 2020-06-12T16:46:43.000Z
- Description: Tencent Music Entertainment has purchased a stake in Warner Music Group. According to a WMG SEC filing today, TME acquired 4 million shares of Class A common stock for $100. Continue reading [https://www.hypebot.com/hypebot/2020/06/tencent-music-buys-100-million-stake-in-wmg.html]
- Author: Bruce Houghton
- Tags: Major Labels, Music Business, Music Tech, #wp, #wp-post, #Import 2026-01-21 09:51

Tencent Music Entertainment has purchased a stake in Warner Music Group.

According to a WMG SEC filing today, TME acquired 4 million shares of Class A common stock for $100 million on the same day that the music group IPO’d on the NASDAQ.

That equates to 5.2% of total outstanding Class A shares, and 0.8% of WMG overall.

TME bought the 4 million shares at WMG’s IPO price of $25.00 per share. On Friday, June 12th, WMG stock was trading in the $30.40 per share range.