American Investor Seeks to Void Acquisition of Ximalaya, Inc. by Tencent Music Entertainment Group, Inc. (TME)

American Investor Seeks to Void Acquisition of Ximalaya, Inc. by Tencent Music Entertainment Group, Inc. (TME)

Lake Forest, IL July 26, 2025 --(PR.com)-- On June 4, 2025, Hughes River FM, LLC, an American investor in the Chinese business Ximalaya, Inc., brought a lawsuit in the United States District Court for the Northern District of Illinois, Eastern Division, Case No. 1:25-cv-06217, seeking to void an acquisition by Tencent Music Entertainment Group, Inc. and to recover $75,000,000 in damages. The lawsuit alleges that the Board of Directors of Ximalay…