Alibaba to Sell Gaming Unit Lingxi for Over $1.5 Billion
BABA Alibaba Group Holding Ltd ADR
$123.81 +1.35%
View chart & analysis → - 1Alibaba (BABA) agrees to sell gaming subsidiary Lingxi Games to Trustar Capital
- 2Deal valued at minimum $1.5 billion; studio could be worth more than $1.5 billion
- 3Amid divestment of non-core assets, focus shifts to AI and cloud; targets $100 billion in AI revenue within five years
This 3-line summary is compiled from the report below.
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