Sentiment: Positive
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Alibaba (BABA) Stock: Company Sells Lingxi Games to Trustar Capital for Over $2 Billion
By Trader Edge at 2026-10-03 02:11
Sentiment: Positive
TLDR Alibaba is selling its gaming unit Lingxi Games to private equity firm Trustar Capital in a deal worth over $2 billion An internal memo confirmed the deal, with Lingxi CEO Zhou Bingshu and the management team staying in place The sale is part of Alibaba’s broader strategy to shed non-core assets and redirect capital [...] The post Alibaba (BABA) Stock: Company Sells Lingxi Games to Trustar Capital for Over $2 Billion appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central