 "A sign of Tencent is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China. (Photo: Reuters)")
Chinese internet giant Tencent Holdings Ltd is in talks to invest $200 million (162.5 million pounds) in Warner Music Group, ahead of the record company's slated initial public offering next week, a media report said on Friday.
Warner Music is also working to line up institutions that, along with Tencent, would serve as anchor investors contributing a total of more than $1 billion toward a fundraising goal of as much as $1.8 billion, Reuters reported citing the Wall Street Journal.
The listing by the world's third-largest recording label, home to artists such as Cardi B, Ed Sheeran and Bruno Mars,
