Primavera supports $1.9b Shanda Games take-private
Primavera Capital is supporting a buyout of NASDAQ-listed Chinese online game developer and operator Shanda Games that values the company at $1.9 billion. The PE firm is backing controlling shareholder Shanda Interactive Entertainment in the deal.
According to a regulatory filing, the consortium owns approximately 76.2% of the company's American Depository Shares and wants to buy the remainder for $6.90 apiece. This represents a 21.3% premium to...
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