Ron Burgundy Posted April 21, 2014 Share Posted April 21, 2014 (Reuters) - China's online game developer Perfect World Co Ltd said it joined the consortium offering to buy rival Shanda Games Ltd. Perfect World said it would buy 30.3 million class A Shanda Games shares for $100 million from Shanda Interactive Entertainment Ltd, a shareholder in Shanda Games. Shanda Interactive and an affiliate of investment firm Primavera Capital, who together own 76.2 percent of Shanda Games, offered to buy the company in a deal that valued it at $1.9 billion in January. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Savio D'Souza) View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.