It is NOT recommended to overwrite your old installation with the newest one. You should always create a new directory. The project is still in BETA state and a lot of things can change, which may require a clean environment.
Example directory structure:
/opt/ts3video/ server-0.4/ default.ini videoserver ... server-0.5/ default.ini videoserver ... server-0.6/ default.ini videoserver ...
The problem is that the KB2999226 (Universal CRT) which is part of the Visual C++ Redistributable for Visual Studio 2015 failed to install.
The problem is that your computer is missing the Visual C++ Redistributable for Visual Studio 2015.