Exclusive: Tencent plans to divest Meituan stake worth $24 billion
China’s Tencent Holdings (0700.HK) plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan (3690.HK) to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said.
Google yet to sign up to Indonesia’s new licensing rules – ministry
Google was among the last remaining tech platforms yet to comply with Indonesia’s new licensing rules on Wednesday, ministry data showed, as a deadline loomed which may see their services temporarily blocked in the country.
Meta units agree to Indonesia tech licensing rules amid blocking threat
Meta Platforms Inc’s (META.O) Facebook, Instagram and WhatsApp have signed up to Indonesia’s new licensing rules for tech firms, government records showed on Tuesday, a day ahead of a deadline to comply or risk being blocked.
Tencent hands shareholders $16.4 bln windfall in the form of JD.com stake
Chinese gaming and social media company Tencent (0700.HK) will pay out a $16.4 billion dividend by distributing most of its JD.com (9618.HK) stake, weakening its ties to the e-commerce firm and raising questions about its plans for other holdings.
Factbox: Universal to list as music streaming picks up
Vivendi (VIV.PA), the French media conglomerate, is spinning off Universal Music Group, the largest part of its business and the label behind singers such as Taylor Swift, in a listing on the Euronext stock exchange in Amsterdam.
Henry says Spotify CEO Ek contacted Arsenal owners for takeover offer
Spotify (SPOT.N) CEO and founder Daniel Ek has contacted Arsenal owner Stan Kroenke’s family to make an offer to buy the Premier League club but a takeover could be drawn out, former France international Thierry Henry said. Ek said last week he had secured the funds to buy Arsenal, valued at $2.8 billion according to Forbes. British […]
