Branching out: Ma’s Alibaba group is part of the Chinese consortium. Chinese companies are eager to expand beyond their home country, which boasts the world’s largest online gaming market. – Bloomberg
Chinese consortium to buy Caesars online for US$4.4bil
NEW YORK: A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc’s online games unit for US$4.4bil in cash, the companies said.
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