Tencent Music Plans to Acquire Ximalaya, the transaction was initiated two months ago.

According to sources familiar with the matter, Tencent Music is planning to acquire Ximalaya. The transaction was initiated two months ago, with Tencent Music offering a significantly lower price and the management of Ximalaya has already signed off on the deal. However, due to concerns about market monopolies, the transaction is still pending approval from relevant authorities. The journalist reached out to both Tencent Music and Ximalaya for comment. A Ximalaya spokesperson stated that they were not aware of the "selling" situation as of April 24, 2025, and as of the time of publication, Tencent Music has not responded.