NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims against Tencent Music Entertainment Group (NYSE: TME) on behalf of Tencent investors. Our investigation concerns whether Tencent has violated the federal securities laws and/or engaged in other unlawful business practices.
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On August 27, 2019, Bloomberg reported that the State Administration of Market Regulation, China’s antitrust authority, is investigating exclusive licensing deals between Tencent and major record labels including Universal Music Group, Sony Music Entertainment, and Warner Music Group.
On this news, Tencent’s American depositary share price fell $0.92 per share, or 6.83%, to close at $12.57 per share on August 27, 2019.
If you purchased or otherwise acquired Tencent shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Tencent please go to https://bespc.com/TME. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.