January 27, 2014 / 2:20 PM / 4 years ago

Shareholder offers to take Shanda Games private for $1.9 bln

Jan 27 (Reuters) - Chinese online game developer Shanda Games Ltd said it received a $1.9 billion buyout offer from a consortium led by its controlling shareholder.

Shanda Interactive Entertainment Ltd and an affiliate of investment firm Primavera Capital, which together own 76.2 percent of Shanda, offered $6.90 per American depositary share, a premium of 22 percent to the stock’s Friday close.

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