Benzinga | Aug 24, 2021 02:01PM EDT

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 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.