finance.yahoo.com Deals and strategy
Alibaba sells Lingxi Games to Trustar Capital for $1.5 billion
Alibaba Group has reached a formal agreement to sell its gaming unit, Lingxi Games, to Asian private-equity firm Trustar Capital in a deal worth at least $1.5 billion, according to an internal memo reviewed by Reuters and The Wall Street Journal. Reuters, citing a person familiar with the matter, said Alibaba is expected to receive more than $2 …