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

August 24, 2021 2:01 PM | 1 min read | Make a Comment

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.