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Deals Rumor Mill: Tencent, Techcombank, Kazakhtelecom

By Adam Rhodes (April 23, 2018, 8:37 PM EDT) -- The purportedly largest music streaming company in China is eyeing an initial public offering, the Wall Street Journal reported late Sunday. The move by Tencent Music Entertainment Group would come after American peer Spotify was publicly valued at $26.5 billion earlier this month following its direct listing. Citing anonymous sources, the outlet reported that the company expects to interview banks in the next few weeks. The sources added that Tencent Music could be valued at more than $25 billion thanks to the offering....

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