Positive
●
Proactive Investors
●
about 2 months ago
Alibaba Group (NYSE:BABA), the Chinese e-commerce group, has agreed to sell its video game division to Trustar Capital, the Asian private equity firm, in a transaction that Bloomberg News reported may value the unit at more than $1.5 billion. The divestment of Lingxi Games is part of a broader corporate reorganisation led by Eddie Wu, the chief executive, who is shedding non-core assets to focu...