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Tencent in talks for stake in Beatles' record label

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Chinese internet giant Tencent Holdings Ltd. is in talks to buy a stake in Universal Music Group.

The largest record label in the world, Universal has signed artists including Drake, Billie Eilish and Ariana Grande. It's also the label behind The Beatles' catalog.

Tencent is seeking to buy a 10% stake in Universal from Vivendi for $3.4 billion.

Read more from The Wall Street Journal.


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