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Alibaba to Sell Videogame Business for Over $1.5 Billion
TechnologyReutersbloombergwsj+5SCMPmorningstarYahoostraits-timesseeking-alpha5h ago8 sources

Alibaba to Sell Videogame Business for Over $1.5 Billion

Alibaba is reportedly selling its videogame business, Lingxi Games, for at least $1.5 billion, with some sources indicating a deal over $2 billion. This move comes as the company increasingly focuses on artificial intelligence.