Alibaba Silent On Reports It May Sell Lingxi Interactive Entertainment

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Alibaba Silent On Reports It May Sell Lingxi Interactive Entertainment

MT Newswires Live06-24

Multiple media, citing gaming industry insiders, report Alibaba plans to sell its gaming arm Lingxi Interactive Entertainment and has engaged five potential buyers: listed game firms 37 Interactive Entertainment, China Ruyi, Century Huatong and Giant Network, plus a buyout consortium of two private equity firms. The deal is said likely to be a package sale covering Lingxi’s five in‑house development studios and the 9Game and JiaoYimao platforms. Reported price range is RMB7–9 billion (about $1.0–1.3 billion).

Alibaba did not respond to requests for comment by June 24.

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