Politics
Trustar Is Said to Near $1.5 Billion Deal for Alibaba Gaming Arm
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Trustar Is Said to Near $1.5 Billion Deal for Alibaba Gaming Arm 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. Trustar has emerged as the likeliest buyer of Lingxi Games after outbidding other suitors including video game makers, the people said, asking not to be identified because the information is private. A transaction may value the studio at more than $1.5...
Trustar Is Said to Near $1.5 Billion Deal for Alibaba Gaming Arm
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.
Trustar has emerged as the likeliest buyer of Lingxi Games after outbidding other suitors including video game makers, the people said, asking not to be identified because the information is private. A transaction may value the studio at more than $1.5 billion, the people said.