Shanda Game buys $811.5 million for two of its parent company

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"TechWeb Report" July 29 news, today has news that the Grand game announced the company's Grand Interactive Entertainment signed the final agreement, from the latter hand to buy Shanghai Sheng Exhibition Network technology company and Tianjin Shengjing Trading Co., Ltd. two subsidiaries, the total transaction amount of 811.5 million U.S. dollars.

It is reported that the transaction of the two companies are Shanda Interactive Entertainment control entity companies, including the Sheng Exhibition company has included registration, payment and other users to access the game generated by the behavior data, Saint Shengjing Company has about 180,000 prepaid card distribution channels nationwide.

Grand Game board chairman Chen said the deal would effectively reduce the two major parts of the cost structure of Shanda, prompting the company to increase earnings per share by 40% to 50%. It is reported that before the grand game has been to the above two companies to pay fees to obtain network payments, user authentication, customer service, channel services, users fatigue system, data support, prepaid card marketing and other related services. In the first quarter of this year, the total cost accounted for the grand game of the quarter net revenue 21.3%.

It is understood that the total amount of the transaction is 811.5 million U.S. dollars, will be through cash, deferred payment and from the Grand Interactive entertainment of the receivable payment, is expected to complete the third quarter of this year transaction.