Shanda Interactive Entertainment Limited, incorporated in the Cayman Islands (“Shanda” or the “Company”) (Nasdaq: SNDA), a leading interactive entertainment media company in China, today announced that its Board of Directors has received a preliminary non-binding proposal letter from Mr. Tianqiao Chen, Chairman of the Board, Chief Executive Officer and President of Shanda, to acquire all of the outstanding ordinary shares of the Company not currently owned, legally or beneficially, by Mr. Tianqiao Chen, his wife Ms. Qianqian Luo, who is also a non-executive director of Shanda and his brother Mr. Danian Chen, who is also the Chief Operating Officer and a director of Shanda (together, the “Buyer Group”), for US$41.35 per American Depositary Share (“ADS”) or $20.675 per ordinary share in cash. As of September 30, 2011, the Buyer Group controlled approximately 68.4% of the outstanding shares of the Company (excluding outstanding options of the Company).
Posts Tagged ‘Shanda’
Shanda Announces Receipt of Non-Binding Proposal to Acquire All Outstanding Public Shares at $41.35 per ADS in Cash
August 10, 2011 Shanda Games Limited (“Shanda Games”) (Nasdaq: GAME), a leading online game developer, operator and publisher in China, announced today that one of its leading games, Dragon Nest, received “China Most Popular Online Game Award”, “Asia Best Design Award”, and “Asia Best Technology Award” at the Asia Online Game Awards Ceremony organized by [...]
Korean game company Neoact will join the 2011 Chinajoy with its Dota type Chaos online and announce China’s operator for the game. As Neoact’s third DotA online game after HON and LOL in China, Chaos OL adapts Warcraft3’s classic maps. Chaos OL has a large user base in South Korea. Now the game has more than 3 million players and hundreds of professional teams. Every year there are over 8 large e-sports competitions related to Chaos OL.
Shanda Games’ Winger Group will hold a press conference in Shanghai on July 26. Holdfast will announce some big news on the conference and it is believed it may have something to do with Chaos OL.
Zhuge Hui, Shanda’s former spokesman and senior director in charge of the spread of corporate culture, was recently appointed as president of Shanda’s GameABC. In view of this, GameABC is deemed to prepare for its brand enhancement and future IPO. Last year, Shanda combined its chess/card games, board games and e-sports games and merged its Bianfeng (gameabc.com) platform with Haofang (cga.com.cn) platform to found GameABC.As a rival to GameABC, OurGame has continued dismissing its MMO team and returning to the chess/card game business since last year, in the hope of getting listed based on chess/card games.
Shanda is currently discussed with several TV variety shows about cooperation,Shanda want to combine game with variety show. Last year’s ALLstar2010 take the form of a webcast.Shanda recently announced a “3A” strategy：All-Star, All-Platform and All-Region. ALLstar2011 will have more detailed information of this “3A” strategy
The CEO of Shanda Games(Nasdaq:GAME) Qunzhao Tan announced Shanda have a plan to purchase iPhone game developers for expanding network game business in June 22.The CEO of Shanda Games(Nasdaq:GAME) Qunzhao Tan announced Shanda have a plan to purchase iPhone game developers for expanding network game business in June 22.
Goapk is not a simple mobile community and it was mainly focused on Android field, it have a Android appstore 、BBS、develops community and media . Goapk was established in February, 2010 .According to the report, the android application is more than 100 million downloads until March of 2011 and a day have 1 million downloads.The team of Goapk is mainly from NetDragon’s 91.com (a mobile community, which announced has cooperated with Japanese social network DeNA in April) and hiapk.com.