Grand games fall nearly 6% Citi bullish on recent spate of acquisitions

Grand games fell 5.72% last night, reported 10.22 U.S. dollars, with Chinese stocks lower. The company just announced a new acquisition yesterday, but it did not offer any support for its share price. The announcement shows that Shanda games will buy American game distribution and built-in advertising platform Mochimedia (Gym Media) companies at the total cost of 80 million dollars to accelerate the pace of the overseas market, the related transaction price of about 60 million U.S. dollars in cash and 20 million dollar grand game stock,　　It is expected to be completed in the first quarter of 2010. Shanda Game Acquisition Mochimedia The most important is its global game distribution platform and a large number of partners, to promote the pace of grand games to March overseas.　　In addition, Mochimedia not only developed its own operating games, but also has a complete network of game-built advertising and online payment system. Citigroup to see the big game of the recent spate of acquisitions, refers to its profitability is undervalued, maintain its buying rating, and the 12.5 dollar target price. Citigroup reported that the Grand game announced a series of growth plans at the beginning of the new year, and here is a view on its recent developments: given the reliable strategic implementation of Shanda and the low risk of profit, we believe that investors underestimate the profitability of Shanda's game, and that its share price has experienced slight fluctuations over the past few months. , thus reaffirming the buying rating of Shanda games and the 12.50 dollar target share price.　　For those investors who want to invest in the field of online gaming but cannot afford the risk of a game release, it is a good choice for the big game. Shanda Games parent company Shanda Network also fell 7.22%, reported 54.74 dollars.