Alibaba Invests $120M In Kabam At A Valuation Above $1B - Presented by: The Aol. On Network

Chinese conglomerate Alibaba is making another big investment in an American startup. The Wall Street Journal reports that the company is investing $120 million in mobile game developer Kabam, best known for games like “Dragons of Atlantis” and for buying the naming rights to UC Berkeley’s Memorial Stadium.



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