Tencent Group buys 10% of Vivendi's Universal for $3.4 billion

Tencent's stock is up after the company announced that it will be taking a big stake in the world's largest music company. Tencent will be buying 10% of Universal Music Group from French media giant Vivendi -- for $3.4 billion dollars. The deal values Universal Music Group at more than $33 billion dollars and gives Tencent exposure into some of the biggest names in the music biz - like Drake and Ariana Grande