The perfect World sells Shanda games shares out of privatisation trading consortium

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NetEase Science and technology news September 3, the Perfect World (NASDAQ:PWRD) today officially announced the signing of an agreement to sell its previous acquisition of all the Grand game shares, a total of 30,326,005 shares a common. Under the agreement, the perfect world would sell shares at a premium to a third party agency, the Shanghai Acquisition Equity Investment Fund Partnership, for $104,624,717, to be paid in cash. The acquisition is expected to be completed within 30 days.

In addition, the perfect world has signed an agreement that will withdraw from its previous accession to a takeover alliance. The controlling shareholder of Shanda's game signed a consortium agreement in 3721.html ">2014 year January 27, and the perfect world has joined the Takeover Alliance under the Consortium agreement by signing a subsidiary agreement for the Consortium to participate in the proposed" privatisation "deal on Shanda games. The alliance has submitted a preliminary non-binding proposal to the Shanda Gaming Board on January 27, 2014, proposing a "privatisation" deal to buy a grand game at $3.45 per share or $6.90 per US depository stock. The proposal constituted only the initial intention of the Alliance for the proposed acquisition, pending further consultations and the signing of a final agreement. The perfect world is no longer a member of the Union since the date of September 1, 2014.

This April 21, the perfect world to join the bid to buy Shanda Games consortium. The company said it would buy 30,326,005 Grand games A common stock from a wholly owned subsidiary of the Shanda Network, with a total of $100 million in cash, and become a new member of the planned Shanda Games privatisation consortium. (exchanged)