
Chinese classical music services platform Kuke Music Holding Limited has acquired a controlling interest in independent classical music company Naxos Music Group.
The deal:
As per its press release, Kuke says the deal represents a transformative step in its strategy to expand its classical music ecosystem globally.
The transaction provides “significant strategic synergies between Kuke’s music education platform and Naxos Music Group’s extensive classical music catalog and established global distribution network.”
The purchase:
Kuke first subscribed for 17,500 newly issued Class B ordinary shares of Naxos One at $6,000 per share, for a total of $105 million.
It then acquired 108 Class A ordinary shares from existing shareholder Desun Holding Limited at $12,500 per share, for a total of $1.35 million.
The transactions give Kuke a 70.43% interest in Naxos One Holding Limited, which controls Naxos Music Group.
Share surge:
Kuke’s stock rose 240% in after-hours trading following the announcement.
What they said:
Peixian Tan, Chairman and CEO of Kuke Music: “This strategic acquisition of Naxos Music Group represents a landmark transaction that will significantly enhance our position as a leading classical music services platform. Naxos’ world-class content library, combined with its proven global distribution capabilities, creates compelling synergies with our existing music education and technology platforms.”
Kuke Music Holding Limited
Naxos Music Group
Peixian Tan
Desun Holding Limited
Naxos One Holding Limited
Music Industry Acquisitions
Chinese Music Streaming Expansion
Music Catalog Acquisition Boom
EdTech Expansion Into Music
Industry Consolidation
Chinese Investment In Western Music Assets
Mergers & Acquisitions
Catalog Sales
Financial Results
Music Rights Investment
China
United States
👋 Disclosures & Transparency Block
This story was written with information from Digital Music News, and Kuke’s press release.
We covered it because it’s a major acquisition in the classical music space.











