Tag Archives: Joint Ventures / Consortia

Tencent Holdings Ltd. TCEHY -0.50% The music giant is doubling its stake behind Ariana Grande and Billy Elish. The Chinese internet company said on Friday that it was leading a consortium that had agreed to buy an additional 10% stake in Universal Music Group from Vivendi VVHYV. 1.93% SE, the …

Goldam Sachs Group Inc. China is moving to acquire 100% ownership of its securities joint venture, deepening its investment in the world’s second-largest economy after a 17-year partnership with domestic brokerage. New York-based bank Goldm Sachs is applying to Chinese regulators for full control of the securities and has signed …