Deals
Perfect World Returns to China After Developer Abandons Nasdaq
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The developer of the “Perfect World” online games announced a $1.8 billion deal that would make it the latest in a wave of Chinese companies returning home after giving up on the U.S. stock market.
Under the agreement, Shenzhen-listed Perfect World Pictures Co. will buy all the assets of an affiliate formerly listed on the Nasdaq Stock Market in exchange for its shares, according to a statement to the exchange Wednesday after markets closed.