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Alibaba to sell Lingxi Games

Alibaba to sell Lingxi Games in more than $2 billion deal, source says

By Kane Wu and Eduardo Baptista HONG KONG, Aug 17 (Reuters) - Alibaba Group is expected to reap more than $2 billion from the sale of its game developer unit Lingxi Games to private equity firm Trustar Capital,

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Alibaba sells Lingxi Games to Trustar Capital for $1.5 billion

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Alibaba Sells Lingxi Games for More Than $2 Billion: Why the Tech Giant Is Exiting Gaming

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Stocks making the biggest moves premarket: Alibaba, Intel, Sandisk & more

Alibaba — Shares were higher by 1.5% after Reuters reported the company was set to sell its game developer business.

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Alibaba to Sell Videogame Business for at Least $1.5 Billion

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Alibaba’s AI Pivot Deepens, Plans to Offload Gaming Business For at Least $1.5 Billion: Report

Alibaba stock rises on report Lingxi Games to be sold for $2B

Alibaba Group is expected to receive more than $2 billion from the sale of its game development unit Lingxi Games to private equity firm Trustar Capital, Reuters reported, citing a person familiar with the matter.

Devdiscourse

Alibaba's Strategic Shift: Lingxi Games Sold to Trustar Capital

Alibaba Group has agreed to sell its game developer unit, Lingxi Games, to Trustar Capital for over $2 billion. This move aligns with Alibaba's focus on AI and cloud. Lingxi's CEO Zhou Bingshu will continue to lead the company,