Tencent Acquires A Bigger Slice Of Indian Spotify Rival Gaana Upping Its Stake To More Than A Third
TencentGaana Stake Percentage The cash inflow is the result of Gaana Stakeholders – Tencent, and Instances Web, the other the majorityowner,optionally transforming debentures at a value of 63,761.93 INR (round $870) per share.The vast majority of this sum (nearly $41m) has been accorded over by Tencent’s European entity – Tencent Cloud BV. This contribution has had a direct impact on Tencent’s ownership in Gaana as TencentGaana Stake Percentage has improved to 33....