Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Shanda Games Gets Offer to Be Taken Private for $1.9 Billion

Shanda Games Ltd., an operator of online games in China, said it received a $1.9 billion offer to be taken private by a group led by its controlling shareholder.

Shanda Interactive Entertainment Ltd. and an affiliate of Primavera Capital Ltd., which together own 76 percent of Shanda Games, sent a nonbinding proposal to buy the company for $3.45 an ordinary share or $6.90 per American depositary share, Shanda Games said today in a statement. The offer represents a 22 percent premium to the American shares’ closing price on Jan.


The board is reviewing the proposal and will form a special committee of independent directors to evaluate and negotiate the bid as well as consider “other strategic options.” The proposed buyout would be financed with equity capital and third-party debt, Shanghai-based Shanda Games said.

“The board has just received the proposal letter and has not made any decision,” Shanda Games said in the statement. “There can be no assurance that any definitive offer will be made by the consortium or any other person.”

Shanda Games’ American depositary shares were halted in early trading before the announcement. They rose 4.6 percent to $5.65 on Jan. 24, and have gained 23 percent so far this year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.