China M&A Transactions

Alibaba Group divests its gaming arm, Lingxi Games, to Trustar Capital for over $1.5 billion, signaling a strategic shift towards core technologies.

Trustar Capital acquires Lingxi Games from Alibaba for over $1.5 billion. Strategic carve-out bolsters Alibaba's AI pivot and Trustar's gaming portfolio.

Alibaba divests Lingxi Games to Trustar Capital, signaling a strategic shift to prioritize AI investments and accelerate innovation in the rapidly evolving tech sector.

Alibaba is reportedly close to selling its gaming division, Lingxi Games, to private equity firm Trustar Capital for more than $1.5 billion, signaling a strategic portfolio shift.

Paramount

Paramount and Skydance achieve widespread regulatory approval for their merger, with a 12-state lawsuit now the primary obstacle to completion.

Jasper Therapeutics

Jasper Therapeutics merges with Kira Pharmaceuticals, enhancing its immunology pipeline with three key assets and securing $132 million in financing for extended operational runway.

Trustar Capital is reportedly close to acquiring Alibaba's Lingxi Games for over $1.5 billion, a strategic move into the booming gaming market.

AI firm Manus becomes independent again after Meta's $2B acquisition is reversed by regulators. Learn about data implications and new ownership.

ADNOC Logistics & Services

ADNOC L&S boosts fleet with 11 vessels for $1.3B, enhancing global energy logistics and supporting ADNOC Group's export growth.

Chinese giant Jack Technology Ltd. acquires Italian industrial machinery firm Comelz S.p.A. for €140 million, expanding its global manufacturing footprint.

Boardroom

65 Equity Partners and Tower Capital Asia are exploring a $1 billion sale of corporate services provider Boardroom, attracting interest from major PE firms.