RTTNews | Jan 18, 2022 11:09AM EST

11:08 Tuesday, January 18, 2022 (RTTNews.com) - Shares of gaming company Tencent Holdings Ltd. (TCEHY) are down 5 percent on Tuesday's trading despite there being no company announcement to impact the stock.

The downward movement comes in the backdrop of Microsoft Corp. (MSFT) buying gaming company Activision Blizzard Inc. in a $68.7 billion deal, uniting two of the biggest forces in the gaming industry to create the world's third-biggest gaming company.

Currently at $57.05, the stock has traded between $53.47 and $99.40 during the past 52 weeks.

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