Seeking Alpha

Shanda to sell main businesses to Alibaba - BrightWire

  • Alibaba (ABABA) is planning to buy Shanda Interactive and Shanda Games' (GAME) main business for at least $3.2B, according to a source inside Shanda.
  • The acquisition may include Shanda literature, Shanda games and Ku6, which was acquired by Shanda Interactive in 2009.
  • In January, Shanda Games received an offer to take the business private that valued it at $1.9B from its controlling shareholder Shanda Interactive Entertainment and an affiliate of Primavera Capital.
  • Shanda Interactive was taken private by founder Chen Tianqiao and Chen's family in 2011.
  • Source: BrightWire
Comments (1)
  • Recall Yahoo acquired a couple of gaming companies. THis is fantastic news.
    24 Feb, 06:30 AM Reply Like
DJIA (DIA) S&P 500 (SPY)