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The Economic Times
The Economic Times
Technology

Alibaba to sell Lingxi Games in more than $2 billion deal, source says

Alibaba

Alibaba Group is expected to reap more than $2 billion ​from the sale of its game ​developer unit Lingxi Games to private equity firm Trustar Capital, a person familiar ​with the matter told Reuters.

Alibaba and Trustar have reached a formal agreement after several rounds of talks, according to an internal memo sent to Lingxi staff on Monday by the game developer's CEO Zhou Bingshu and reviewed by Reuters.

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