Lates News

According to informed sources, Asian private equity firm Trustar Capital is nearing a deal to acquire Alibaba Group's gaming business. The sources stated that Trustar has beaten out several other bidders, including other game developers, making it the most likely buyer for Lingxi Interactive Entertainment. Due to the sensitive nature of the information, these individuals requested anonymity. The transaction could value the studio at over $1.5 billion. They also mentioned that negotiations are still ongoing and no final decision has been made yet.