- 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
Shanda to sell main businesses to Alibaba - BrightWire
Feb 24 2014, 02:58 ET