Alibaba Nears $1.5 Billion Sale of Lingxi Games to Trustar Capital
Alibaba is reported to be in advanced talks to sell its Lingxi Games unit to private equity firm Trustar Capital for nearly $1.5 billion. The deal would shift Alibaba further toward an AI and cloud-focused portfolio. For management, it reinforces a capital reallocation narrative toward core bets, while also tying into concerns that prior AI and cloud spending has pressured EBITDA and free cash flow.
Coverage (18)
- Alibaba's $2 billion gaming exit signals where Beijing wants its money (fortune.com)
- Alibaba’s $2 billion gaming exit signals where Beijing wants its money (finance.yahoo.com)
- Alibaba Sells Gaming Unit for Over $2 Billion (finance.yahoo.com)
- Alibaba stock rises on report Lingxi Games to be sold for $2B (tradingview.com)
- Alibaba To Sell Lingxi Games To Trustar For At Least $1.5 Billion As AI Pivot Accelerates (pulse2.com)
- Alibaba sells Lingxi Games to Trustar Capital for $1.5 billion (finance.yahoo.com)
- Alibaba’s AI Pivot Deepens, Plans to Offload Gaming Business For at Least $1.5 Billion: Report (finance.yahoo.com)
- Alibaba’s AI Pivot Deepens, Plans to Offload Gaming Business For at Least $1.5 Billion: Report (benzinga.com)
- Alibaba Drops Gaming Arm as AI Takes Center Stage (finance.yahoo.com)
- Alibaba Drops Gaming Arm as AI Takes Center Stage (beincrypto.com)
- Alibaba Agrees to Sell Lingxi Games to Trustar Capital for More Than $2 Billion (mezha.net)
- Alibaba to sell gaming unit for $1.5 billion in strategic shift to artificial intelligence (proactiveinvestors.com)
- Alibaba to sell Lingxi Games in more than $2 billion deal, source says (finance.yahoo.com)
- Alibaba to sell Lingxi Games in more than $2 billion deal, source says (reuters.com)
- Alibaba to Sell Videogame Business for at Least $1.5 Billion (marketscreener.com)
- Alibaba Sells Lingxi Games to Trustar Capital in Deal Valued Above $1.5 Billion (finance.biggo.com)
- Alibaba to Sell Gaming Arm for $1.5 Billion in Boost to AI Pivot (bloomberg.com)
- Alibaba (BABA) Nears $1.5 Billion Lingxi Games Deal (simplywall.st)