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Trustar Bank announced its acquisition of Forbright Bank's D.C.-area branches for $19 million, which includes approximately $750 million in deposits. This move will expand Trustar Bank's presence in the region.
Yatsen has announced a $120 million private placement, with Trustar and CEO Jinfeng Huang investing in convertible notes.
Alibaba is reportedly selling its gaming division, Lingxi Games, in a deal valued at over $2 billion, as the tech giant shifts its strategic focus towards AI and e-commerce. This move signifies a major divestment from its gaming ventures.
Asian private equity firm Trustar Capital is reportedly nearing a $1.5 billion deal to acquire Alibaba Group Holding Ltd.’s video game business.