Black Serenade Investment Limited agreed to acquire 10% stake in GMM Music Company Limited from GMM Grammy Public Company Limited (SET:GRAMMY) for an enterprise value of $700 million on May 31, 2024. The consideration consists of combination of cash and 30 % stake or 3 shares of Joox Thailand (Hong Kong) Limited. The board of GMM Grammy Public Company Limited approved the deal.
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06-04 | Tencent Music, Tencent to Buy 10% Stake in Thailand's GMM Music | MT |
06-03 | Tencent, Tencent Music to pick up 10% stake in Thailand's GMM Music for $70 mln | RE |
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- Black Serenade Investment Limited agreed to acquire 10% stake in GMM Music Company Limited from GMM Grammy Public Company Limited for an enterprise value of $700 million.