China Clears Tencent's Additional Stake Acquisition In Studio 9: Reuters

  • Tencent Holdings Ltd TCEHY has won the domestic regulatory approval for acquiring an additional stake in the Chinese animation company Studio 9, Reuters reports.
  • The gaming company reported a 20% revenue growth in Q2 amid regulatory crackdown tensions.
  • China recently cleared Analog Devices Inc's ADI Maxim Integrated Products Inc MXIM deal.
  • Price Action: TCEHY shares traded higher by 8.42% at $61.95 on the last check Tuesday.
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