Baring Asia, Hony agree Giant Interactive take-private
Chinese online game developer Giant Interactive has accepted a buyout offer from a consortium including Baring Private Equity Asia, Hony Capital and company management. It values the New York Stock Exchange-listed business at approximately $2.9 billion.
The consortium will pay $12.00 per American Depository Share, an 18.5% premium to closing price on November 22, the day before the initial bid was tabled. Baring Asia and Yuzhu Shi, Giant's chairman, originally...
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