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Chinese telecom Tencent Holdings agreed to buy an unspecified minority...

Chinese telecom Tencent Holdings agreed to buy an unspecified minority stake in U.S. game developer Epic Games, the companies said Tuesday. After the strategic investment, Epic will “continue to operate independently and seek to further expand its game franchises across…

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multiple platforms,” the companies said. The deal is expected to close “within one month, subject to customary closing conditions,” they said.