Alibaba Invests $120M In Kabam At A Valuation Above $1B

By Kyle Russell

Kabam Dragons of Atlantis game

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. Read More

Source: Technology