InfoAnda - Shanda Interactive CEO offers to take company private |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Jackson's 50-gig London UK run sells out | 13 March 2009
Burlington Vermont Diocese Settles 28 Molestation Lawsuits For $20 Million | 14 May 2010
Billboard Error An Embarrassment To Florida Career College | 23 March 2010

Security tightened for Bieber-mania after crowd hysteria | | 27 April 2010

Forum Views () Forum Replies ()

Read more with google mobile : Shanda Interactive CEO offers to take company private |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Jack Shafer Breakingviews David Rohde Bernd Debusmann Gregg Easterbrook Nader Mousavizadeh James Saft David Cay Johnston Edward Hadas Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker Money Money Home Analyst Research Global Investing MuniLand Reuters Money John Wasik Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Disabled adults found captive in Philadelphia basement 16 Oct 2011 TV station mourns death of Gaddafi's son Khamis in Libya 9:38am EDT WRAPUP 1-Iran demands access to accused US plotter 16 Oct 2011 Libya government says its flag flies over Bani Walid | 10:33am EDT Discussed 241 Who’s behind the Wall St. protests? 153 Alabama immigration law decried, applauded as some flee state 134 Hank Williams Jr. lashes out at media in new song Watched Japanese airline, ANA, apologises for plane flip Fri, Sep 30 2011 Rihanna's "inappropriate" outfit halts music video Tue, Sep 27 2011 Amateur video shows scenes from the fight for Bani Walid Sun, Oct 16 2011 Shanda Interactive CEO offers to take company private Tweet Share this Email Print Related News Kinder Morgan to buy El Paso for $21 billion Sun, Oct 16 2011 Zynga hopes to ward off rivals with games barrage Tue, Oct 11 2011 Analysis & Opinion Is Zynga’s lead slipping on Facebook? Goldman’s mixed messages Related Topics Technology » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » By Sayantani Ghosh Mon Oct 17, 2011 10:48am EDT (Reuters) - Chinese Internet firm Shanda Interactive said it received a cash offer of about $2.33 billion from its chief executive and key shareholder Tianqiao Chen to take the company private. The buyers have held preliminary discussions with J.P. Morgan about financing the proposed transaction and received a "highly confident" letter, the company said in a statement. The buyers, including Chen, his wife and non-executive director Qianqian Luo, and his brother and Shanda's Chief Operating Officer Danian Chen, together control about 68 percent of the company, excluding options, as of September 30. "Going private does make sense but the timing I'm not too sure about -- why now?" Nomura Securities analyst Jun Yoon said. J.P. Morgan will also act as the financial advisor for the buyers, said the company incorporated in the Cayman Islands. Shanda Interactive, which spun off its core games business -- Shanda Games -- through an IPO in 2009, is seeing trying times with its non-game units delivering weak results, and is trying to diversify into other entertainment areas. "The company has always wanted to do things outside of gaming; they have wanted to be a full-on entertainment company. Perhaps this is another way for the company to that without going through public scrutiny," Yoon said. The company's online literature unit, Cloudary Corp, has filed with U.S. regulators for an IPO of about $200 million. Shanda Interactive reported net revenue of $264.2 million for the April-June quarter. Chen's offer values Shanda at $41.35 per American Depositary Share -- a 23.5 percent premium to Friday's close -- or $20.675 per ordinary share in cash, the company said in a statement. Analyst Yoon said the premium was in line with historical valuations and does not expect any other offers. The buyers expect the commitment for the required debt financing to be in place by the time the definitive agreement is signed, they told Shanda in a proposal letter dated October 15. The company's board has formed a special committee of independent directors to consider the proposed transaction, Shanda said. The company's ADSs jumped as much as 21 percent to $40.43 in early trading on Monday, making them among the largest gainers on Nasdaq. (Reporting by Sayantani Ghosh in Bangalore; Editing by Maju Samuel) Technology Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 17 October 2011
Iran demands access to accused U.S. plotter |
Young Gun: Tom Lewis earns Portugal Masters title with back nine charge
Civil courts must try Egypt clash suspects: ElBaradei |
'Dallas' star Larry Hagman diagnosed with cancer
Saudi king in hospital for back operation |
Exonerated ex-con Dewey Bozella relentless in capturing pro boxing debut
Late first-half field goal gives 49ers 12-10 halftime lead over Lions
U.S.-based Indian-Americans demonstrate to support Telangana state stir
Many health programs face sharp automatic cuts if super committee deadlocks
Cain says electrified border fence proposal a joke
U.S. accusations turn up heat in simmering Gulf
Gurkha soldier killed in Afghanistan
Fearing reprisals, Syria’s Alawites go on arms shopping spree
Strauss-Kahn asks to speak to prostitution investigators |
Cuba's Ladies in White stage march, vow to continue |
Spock actor Zachary Quinto comes out as a gay man |
Shannen Doherty marries in Malibu |
Greece heads for standstill before austerity vote |
North Korea and U.S. to meet in Geneva next week: report |
Jack Beckman heads list of Arizona NHRA winners
Kenya deploys troops in Somalia after kidnappings |
Analysis: China watches nervously as Taiwan election nears |
Chris Buescher wins Toledo race, Austin Dillon captures ARCA title
Sebastian Vettel wins Korean Grand Prix by dominant 12 ticks
Dan Wheldon killed in IndyCar's season finale in La Vegas
Raiders hold off Browns, lose quarterback Jason Campbell to injury
Roethlisberger, defense help Steelers avoid collapse vs. Jaguars
Shaky ending: Coaches' confrontation mars 49ers victory over Lions
Cavs rookies, vets facing possible ruined seasons, careers even if NBA returns
Giants come up with enough plays to hold off Bills
Crane Technique: Ben Crane sneaks up on leaders, pulls off McGladrey playoff win
Woman gets $4 compensation for Korean War killing |
Olympus dives 24 percent, hit by payments reports |
Silicon Valley, celebs pay tribute to Steve Jobs |
U.S. wireless initiative stalls new billing rules |
Samsung expands sales ban requests against Apple iPhone |
Jackson doctor trial put on hold for Monday |
Libya government says its flag flies over Bani Walid |
Iran says happy to examine U.S. plot allegations |
Israel high court discusses prisoner exchange appeals |
Stocks fall as Germany clouds quick resolve of European debt crisis
Polynesian police hint that missing German tourist may have been eaten by cannibals
Lebanon tribunal asks for Hariri trial in absentia |
100-year-old Fauja Singh sets marathon record in Toronto
100-year-old man finishes marathon
Israel’s Mossad gets dragged into latest British political scandal
Medicare Releases Patient Safety Ratings For Hospitals
Kids as young as 4 can have ADHD
Syrian forces kill 4 in restive central city |
Worries about long-term flood fallout
Will social services continue?
Khidir Abusita, 'People are just depending on traditional medicine'
Pakistan wants Afghan action on Taliban cleric |
Saudi King has successful back operation |
Yemeni government troops battle opponents, 8 dead |
Global Day of Rage mostly peaceful, Rome clears |
Apple sells 4 million iPhone 4S in 3 days |
RIM shares shed 5 percent after apps offer |
Online flash sales less flashy as inventory shrinks |
Western Digital's flood-hit Thailand ops to hurt company |
Planning a trip? New app lets friends help |
Shanda Interactive CEO offers to take company private |
Author Barnes backed for Booker amid literary spat |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01