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Video: Alibaba Invests $120 Million In Mobile Gaming Firm

By Clip Syndicate
Alibaba Group is backing another California startup, announcing a $120 million strategic investment in gaming company Kabam Inc. and a partnership to publish and distribute its free-to-play mobile games. The deal, which values San Francisco-based Kabam at more than $1 billion, comes after The Wall Street Journal reported Alibaba had held talks regarding a financing round for Snapchat.

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Related Keywords:Alibaba Group Holding, Mobile Gaming Firm, Kabam Inc., Mobile game, Video game developers, Electronic Arts, Software development, Handheld video game

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