TENCENT MUSIC ACQUIRES CHINA-BASED LAZY AUDIO, A PLATFORM FOR AUDIOBOOKS, PODCASTS, AND RADIO SHOWS, FOR $417M (EVA MATHEWS/REUTERS)

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Tencent Music acquires China-based Lazy Audio, a platform for audiobooks, podcasts, and radio shows, for $417M — (Reuters) – China’s Tencent Music Entertainment Group said on Friday it acquired audiobook platform Lazy Audio, owned by Shenzhen Lanren Online Technology Co, for 2.7 billion yuan ($417 million).

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