Zhejiang newspaper Media spent 3.5 billion to buy Shanda's gaming company

On the evening of April 9, Zhejiang Newspaper Media announced the total price of 3.5 billion of the acquisition plan, to buy Shanda Group's Hangzhou winger and Shanghai Hao party two games company 100% Equity, yesterday, Zhejiang news media trading.

industry Analysis, in the United States listed blocked and the stock is collectively short, domestic, including Shanda, the United States listed companies have retreated to the city, Shanda will be sold to Zhejiang news media A-share listed companies more favorable, in the future also does not rule out there are more in the United States listed Chinese Internet companies to invest a a-share embrace.

Zhejiang newspaper Grand Alliance

from the performance, Hangzhou winger and Shanghai Hao side profit. According to the announcement, 2011 Hangzhou winger net profit of 140 million yuan, Shanghai Hao Party net profit of 15.39 million yuan.

Grand how willing to put such a good "cash cow" for sale?

Shanda Network Senior Vice President Jin yesterday to the West China Metropolitan newspaper reporter explained, "The acquisition of the basis for cooperation and mutual win is our demand." ”

Jin revealed that the Zhejiang newspaper media and Shanda network will share customer resources, form joint ventures, the establishment of strategic alliances. "In the writing base, the grand literature digital reading and copyright development, Electronic magazine distribution platform field, Sheng third-party payment, Shanda Online interactive media (advertising) massive data and technology platform and so on cooperation." ”

acquisition scheme shows that the Zhejiang news media will buy Hangzhou winger and Shanghai Hao side of the two companies 100% equity, the underlying assets of the total value of approximately 3.49 billion yuan. In order to solve the fund problem, Zhejiang newspaper Media intends to publish 180 million shares, raise 2.5 billion yuan, the remaining 1 billion funding gap self-financing.

3.5 billion sell or pave the road for privatization

2004 years of Shanda Network acquisition of Hangzhou winger, Shanghai Hao Fang, in order to achieve the purpose of overseas listing, the use of Vie Framework (Protocol control), the actual control of artificial Chen, his wife Luo Qianqian and his brother Danian.

However, from the second half of last year, due to financial scandals and many other reasons, China's vie to the U.S. listing suffered a hit, the listed stocks were collectively short. Last month, the only product will be "bleeding listing", the first day was break.

in this case, Chinese companies have opted to return to the city, such as the potato retreat into the Youku, Shanda Network was also completed in February this year privatization. Feng Po that the sale of wingers and the Hao side, or there is a grand privatisation of the need for capital reasons.

According to the disclosure, the end of 2011 Hangzhou winger assets of 285 million yuan, Shanghai Hao's total assets of about 63.58 million yuan, the Zhejiang news media to buy Hangzhou winger valuation of 3.18 billion yuan, Shanghai Hao side valuation of 310 million yuan, the acquisition of the valuation is as high as 11 times times and 4.8 times times. Compared to the "bloody listing" in the United States, it is sold a good price.

Xinhua, the President of Tang June said yesterday on Weibo, Zhejiang news media sky-high buy Grand winger and Hao Fang, now has a huge return. "The original ' hard ' value, today to see!" "Huaxi Metropolitan newspaper reporter Rothi