Sources: Alibaba is nearing a deal to sell its Lingxi Games to PE firm Trustar Capital at a potential $1.5B+ valuation, as Alibaba continues its reorganization (Bloomberg)
Asian private equity firm Trustar Capital is nearing a deal to acquire Alibaba Group Holding Ltd.'s video game business, according to people with knowledge of the matter.
We haven't written up this one. Techmeme has the full story — the link below goes straight to it.
Also reported by 1 other outlet
- Trustar Capital nears $1.5bn acquisition of Alibaba’s Lingxi Games privateequitywire.co.uk
