The future of the privatization of the giant network remains uncertain

The giant network's privatization agreement recently voted at a special general meeting of shareholders, will be completed this month, the privatization of NYSE delisted.

Giant Networks, which will be acquired by its parent giants, will become a privately held company upon completion of the merger and will no longer have ADSs listed on the NYSE.

Since last year, there have been rumors of privatization of the giant Internet that it was finally confirmed on November 25, 2013. The Giant Network announced on the same day that it received a non-binding privatization offer from Mr. Shi Yuzhu, Chairman of the Board of the Company, and its affiliates and a subsidiary of Baring Private Equity Asia for US $ 11.75 per ADA offer, 2.95 billion US dollars.

March 17 this year, the giant network announced the parent company giant investment and its wholly owned subsidiary signed a privatization agreement to buy 12 shares of giant network of shares in cash, the total acquisition amount of about 3 billion US dollars. On July 14, shareholders who made up 80% of the outstanding ordinary shares of GiantNET passed the privatization at a special shareholders' meeting.

Seven years ago, under the leadership of Shi Yuzhu, the giant network landed on the United States NYSE, raising about 1.05 billion U.S. dollars. The giant network was at the forefront of the Internet industry. Today's former rival Tencent has a market capitalization of nearly 140 billion U.S. dollars and Baidu's market capitalization of more than 60 billion U.S. dollars, while Giant's current market capitalization is only 3 billion U.S. dollars.

Mobile Internet is rapidly developing and mobile games as a new growth point for the profitability of mobile Internet. Analysts said the only way out in front of the giant network is to catch up, in the mobile game market share.

Beijing Commercial Daily reporter Ma Wan intern reporter Jiang Xin