Trustar Capital Nears $1.5bn Acquisition of Alibaba’s Lingxi Games

Trustar Is Said to Near $1.5 Billion Deal for Alibaba Gaming Arm

Asian private equity firm Trustar Capital is nearing a deal to acquire Alibaba Group Holding Ltd.’s video game business, according to people with knowledge of the matter.

Trustar Capital nears $1.5bn acquisition of Alibaba’s Lingxi Games

Asian private equity firm Trustar Capital is closing in on an agreement to acquire Lingxi Games, the video game division of Alibaba Group, in a transaction that could value the business at more than $1.5bn, according to a report by Bloomberg. The report cites unnamed people familiar with the matter as revealing that Trustar has emerged as the preferred bidder after beating rival suitors, including strategic buyers from the gaming industry. Discu…