- Tencent Holdings Ltd (OTC: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 (NASDAQ: ADI) Maxim Integrated Products Inc (NASDAQ: MXIM) deal.
- Price Action: TCEHY shares traded higher by 8.42% at $61.95 on the last check Tuesday.
China Clears Tencent’s Additional Stake Acquisition In Studio 9: Reuters
Tencent Holdings Ltd (OTC:TCEHY) has won the domestic regulatory approval for acquiring an additional stake in the Chinese animation…
