Alibaba is reportedly in talks to sell its gaming unit, Lingxi Games, in a deal estimated at more than $1.5 billion. TechNode reports that the talks involve private-equity firm Trustar Capital and that the transaction could be valued at over $1.5 billion. Yahoo Finance similarly reports the company is preparing to sell Lingxi Games in a deal said to be worth more than $2 billion, citing a source. In both accounts, discussions are ongoing and no final agreement is publicly confirmed.
Lingxi Games develops and publishes mobile titles, including “Three Kingdoms Tactics,” and it also operates distribution services for game developers and players. The differing reported valuations in the outlets’ accounts—TechNode citing above $1.5 billion and Yahoo Finance citing above $2 billion—appear to reflect differences in how the deal value is described rather than confirmed changes to the transaction terms.
If completed, the reported sale would mark a significant divestment by Alibaba from its gaming operations, though the timing, final price, and deal structure are not detailed in the available reports.
