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Tencent Acquires 49% Stake in Brazilian, SE Asian Gaming Firm 'Level Up'
Hong Kong Exchange, 1/19/12
Tencent (0700.HK) has announced that its wholly owned subsidiary Aceville Pte Ltd has entered into an agreement to purchase 320,722 shares or 49% of the total issued shares of Singaporean investment holding company Level Up! International Holdings Pte Ltd, which, through its operating subsidiaries and affiliates in Brazil and the Philippines and through its joint venture in the U.S., engages in online game publishing and game magazine publication. Read More
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