Carlyle, Fountainvest and others pull $1.9B bid for Shanda Games

|About: The Carlyle Group (CG)|By:, SA News Editor

Carlyle Group (NASDAQ:CG) and Fountainvest Partners have pulled out of a consortium backing a $1.9B bid to purchase Shanda Games (NASDAQ:GAME). Perfect World (NASDAQ:PWRD) and private equity firm Primavera Capital have also exited the consortium.

Shanda Interactive Entertainment and an affiliate of Primavera, which together held 76.2% of Shanda, in January had offered $6.90 per ADS to buy the company, valuing it at $1.9B.

Fountainvest joined the Shanda consortium in April, while Carlyle joined in May.