唐华斑竹
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Burning through 10 billion yuan in financing! Over 1,700 layoffs, four unsuccessful attempts to go public, Himalaya couldn't hold on any longer, selling itself to Tencent Music for 20.9 billion yuan, with valuation shrinking by one-third.
On May 10, Financial界 reported: In the end, it couldn't hold on any longer, and Himalaya, which has 300 million monthly active users, sold itself to Tencent!
On the evening of the 10th, Tencent Music announced on the Hong Kong Stock Exchange that it had signed a merger agreement with Himalaya Holdings regarding its proposed acquisition of Himalaya. The price for Tencent Music's acquisition of Himalaya is specifically $1.26 billion in cash and 5.5686% of Class A ordinary shares. Based on this calculation, Tencent's valuation of Himalaya is approximately 20.9 billion yuan.
However, this figure is far from the peak of Himalaya. The last round of financing took place in April 2021, when the post-investment valuation exceeded 30 billion yuan. Now, four years later, the valuation has shrunk by one-third. In 2021, Himalaya's founder Yu Jianjun rejected Tencent Music's higher offer, and if the transaction is completed, it will be considered a 'discounted price' takeover.
On the evening of the 10th, Tencent Music announced on the Hong Kong Stock Exchange that it had signed a merger agreement with Himalaya Holdings regarding its proposed acquisition of Himalaya. The price for Tencent Music's acquisition of Himalaya is specifically $1.26 billion in cash and 5.5686% of Class A ordinary shares. Based on this calculation, Tencent's valuation of Himalaya is approximately 20.9 billion yuan.
However, this figure is far from the peak of Himalaya. The last round of financing took place in April 2021, when the post-investment valuation exceeded 30 billion yuan. Now, four years later, the valuation has shrunk by one-third. In 2021, Himalaya's founder Yu Jianjun rejected Tencent Music's higher offer, and if the transaction is completed, it will be considered a 'discounted price' takeover.
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