Bloomberg:

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  —  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.

Bloomberg:

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  —  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.

Source: TechMeme
Source Link: https://www.techmeme.com/260814/p9#a260814p9