New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 17, 2014
16:34 EDTGAMEShanda Games reports Q1 EPS 20c
Reports Q1 revenue $161.3M, down 9.6% from last year. For mobile games operated in China and overseas: Average Daily Active Users decreased 17.2% quarter-over-quarter from 558,900 to 462,700. Average Revenue per Daily Active User decreased 33.0% quarter-over-quarter from RMB2.4 to RMB1.6. For MMO games operated in China and overseas: Average Monthly Active Users increased 2.1% quarter-over-quarter from 17.7M to 18.0M. Results are unaudited.
News For GAME From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use