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Chinese internet giant Tencent is in discussions to buy a stake in Warner Music Group as part of the record company's initial public offering
Tencent Holdings Ltd. is in discussions to buy a stake in Warner Music Group as part of the record company’s initial public offering, a key test for a new-issue market that has been hobbled by the coronavirus pandemic.
The Chinese internet giant is discussing an investment of $200 million ahead of an IPO that is slated for next week, according to people familiar with the matter.
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