Tencent Holdings Ltd. is in discussions to buy a stake in Warner Music Group as part of the record company’s initial public offering, a key test for a new-issue market that has been hobbled by the coronavirus pandemic. The Chinese internet giant is discussing an investment of $200 million ahead of an IPO that is slated for next week, according to people familiar with the matter.

Source: Wall Street Journal May 29, 2020 17:57 UTC