Overview
- Reports on Monday, Aug. 17, 2026, say Trustar Capital has reached a deal to buy Lingxi Games for at least $1.5 billion, with Reuters quoting a source that put the value above $2 billion.
- If the transaction is completed, Lingxi’s assets would move to Trustar, including about 1,200 employees, five in‑house studios and the 9game distribution platform.
- Trustar emerged as the winning bidder after a competitive process that included offers from 37 Interactive Entertainment and Century Huatong.
- Alibaba’s management under CEO Eddie Wu has been selling non‑core units to direct capital and attention to AI and cloud initiatives, and the company recently announced a large new AI model.
- The deal has not been publicly confirmed by Alibaba or Trustar and it is unclear when the sale will close or what regulatory approvals or commercial ties may follow, while Lingxi’s CEO said the studio’s management will remain in place.