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February 24, 2014
07:57 EDTGAMEShanda Interactive rumored to be purchased by Alibaba, Marbridge Daily says
Shanda Interactive is rumored to plan to sell its gaming, online video, cloud computing, online literature, and Android app market units to Alibaba Group, Tencent Tech says, citing sources close to the matter, reported Marbridge Daily. Both companies have denied the rumor, the report noted. Reference Link
News For GAME From The Last 14 Days
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December 8, 2014
10:17 EDTGAMEShanda Games informed of new consortium to acquire company
Shanda Games has been informed that Yili Shengda Investment and certain of Yili's affiliates filed a statement on Schedule 13D with respect to Shanda Games on December 5, 2014. According to the 13D Statement, Ningxia Yilida Capital Investment and Ningxia Zhongyincashmere International Group entered into a consortium agreement on December 5, 2014 pursuant to which they have agreed to form a consortium to acquire the company in a "going private" transaction. As previously announced, the board of the company received a preliminary non-binding proposal letter dated January 27, 2014 from a consortium then consisting of Shanda Interactive Entertainment Limited and certain other parties. According to the SNDA Proposal, the SNDA Consortium proposed to acquire the company in a "going private" transaction for $3.45 per Class A Share or Class B Share, or $6.90 per ADS. The Special Committee has not set a definitive timetable for the completion of its evaluation of the Proposed Transaction or any other alternative transaction and does not currently intend to announce developments unless and until an agreement has been reached. The company cautions its shareholders and others considering trading its securities that there can be no assurance that any definitive agreement will be executed relating to the Proposed Transaction, or that the Proposed Transaction or any other transaction will be approved or consummated.

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