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TME-SW Completes Acquisition of Ximalaya, Involving Up to USD1.26B Cash and 175M Class A Shares
Recommend 4 Positive 7 Negative 2 |
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TME-SW (01698.HK) announced that following the closing of the acquisition, Ximalaya has become a wholly-owned subsidiary of the Company. Pursuant to which, the equity securities of Ximalaya held by the relevant shareholders and participants of Ximalaya’s employee stock ownership plans were cancelled in exchange for a merger consideration consisting of, subject to applicable adjustments, cash in an aggregate amount of up to US$1.26 billion and up to an aggregate amount of 175 million Class A ordinary shares of the Company. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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