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Tencent Music: The acquisition of Himalaya has been completed
Mars Finance News: On May 18, Tencent Music announced on the Hong Kong Stock Exchange that, as of May 18, 2026, according to the terms of the merger and acquisition agreement, the acquisition of Ximalaya has been completed. Accordingly, the equity securities of Ximalaya held by relevant shareholders and participants in Ximalaya’s employee shareholding plan have been canceled in exchange for the acquisition consideration. The consideration includes (subject to applicable adjustments): (1) cash totaling up to $1,260,000,000; and (2) up to 175,288,891 Class A ordinary shares of the company (including newly issued Class A ordinary shares at the time of settlement and Class A ordinary shares granted as part of equity-based incentives). After the completion of the acquisition, Ximalaya has become a wholly owned subsidiary of the company. (Company Announcement)