M&A Deal Summary

Tencent Music Entertainment Acquires Lazy Audio

On January 15, 2021, Tencent Music Entertainment acquired information technology company Lazy Audio for 2.7B CNY

Acquisition Highlights
  • This is Tencent Music Entertainment’s 1st transaction in the Information Technology sector.
  • This is Tencent Music Entertainment’s largest (disclosed) transaction.
  • This is Tencent Music Entertainment’s 1st transaction in China.

M&A Deal Summary
Date 2021-01-15
Target Lazy Audio
Sector Information Technology
Buyer(s) Tencent Music Entertainment
Deal Type Add-on Acquisition
Deal Value 2.7B CNY

Target

Lazy Audio

China
Shenzhen Lanren Online Technology Co, Ltd. is a comprehensive audio platform providing entertainment in the forms of audiobooks, Chinese comedy, podcasts and other radio shows to customers. Shenzhen Lanren Online Technology was founded in 2012 and is based in China.

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Buyer(S) 1

Buyer

Tencent Music Entertainment

Shenzhen , China
Category Company
Founded 2012
Sector Internet Software and Services
Employees5,185
Revenue 27.8B CNY (2023)
DESCRIPTION

Tencent Music Entertainment is an online music entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music Entertainment was founded in 2012 and is based in Shenzhen, China.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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