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Grand Theft Auto Parent Shuts Two Iconic Game Studios as Part of Sweeping Layoffs - Take-Two Interactive (NASDAQ:TTWO)

Take-Two Interactive Software Inc plans to shut down two subsidiaries, Roll7 and Intercept Games, affecting 70 jobs as part of mass layoffs.

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Tencent slashed investments in 2023

Sign up for the GI Daily here to get the biggest news straight to your inboxChina-based internet and gaming firm Tencen…

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China Literature Gets More Animated With Purchase From Tencent (CHLLF)

China Literature Gets More Animated With Purchase From Tencent (CHLLF)
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China s Amazon Gets More Animated With Purchase From Tencent - iQIYI (NASDAQ:IQ), Bilibili (NASDAQ:BILI)

Key Takeaways: China Literature’s acquisition of Tencent’s comics and animation unit brings all of the latter’s long-form print and filmed entertainment assets under one roof Tencent has been unloading loss-making businesses amid an ongoing crackdown on anti-competitive practices in China’s tech sector

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Tencent Has Closed Team Kaiju And Their Unannounced AAA

Tencent has shut down Team Kaiju, a studio under their subsidiary TiMi. The studio was working on an unannounced AAA, that is also cancelled.

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