China’s Tencent Holdings Ltd. (TCEHY), the world’s largest online gaming company, is in talks to invest $200 million in Warner Music Group, according to a Wall Street Journal report.The move comes ahead of the record company’s initial public offering slated for the coming week. Tencent is among a number of other potential institutions that could serve as anchor investors, to help shore up more than $1 billion toward a fundraising goal of as much as $1.8 billion. The offering is expected to value Warner Music at $11.7 billion to $13.3 billion.Warner Music is planning to price its IPO on June …read more
Source:: Yahoo Finance
