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Alibaba reportedly nearing deal to sell Lingxi Games to Trustar Capital at $1.5B+ valuation
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Alibaba is reportedly close to selling its Lingxi Games business to private equity firm Trustar Capital at a potential valuation exceeding $1.5 billion, as part of Alibaba's ongoing corporate reorganization.
The divestiture would move Lingxi Games from a major tech conglomerate to PE ownership, which typically shifts operational priorities and resource allocation. For engineers at Lingxi Games, this could mean changes in strategic direction, infrastructure investment, and project timelines under new ownership.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Alibaba is reportedly nearing a deal to sell Lingxi Games to PE firm Trustar Capital.
The potential valuation exceeds $1.5 billion.
The sale is part of Alibaba's broader corporate reorganization.
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