Shanda Games (fka GAME)

[Monksdream]

GAME new 52 week low

The company this past week acquired FaZe a competitor in all stock deal
FAZE new 52 week low

Maybe the merged company can figure out how to control costs because both are money burning dilution machines
This is an ease of entry sector with lots of competition
I’m not certain how long VC money can continue funding businesses like this that cater to the so-called next generation computer user

[Samello]

Sorry again, I did not expect 6 year old posts

[Samello]

Sorry, I see the posts are out of order.

[Samello]

Why doesn’t your chart go past July ?

[Monksdream]

GAME

[Gnojek]

Huge volume! Big movement! $GAME

[Gnojek]

Huge volume! Big movement! $GAME

[Gnojek]

Gotta load em up!!

[MBane27]

Yes, lots of potential IMO

[Gnojek]

Hellloooooooo

[Gnojek]

Anyone else in this Millenial Esports stock???

[eastunder]

Shanda Games Announces Retention of Special Committee Financial Advisor


Today : Thursday 6 March 2014

Shanda Games Limited (NASDAQ: GAME, "Shanda Games" or the "Company"), a leading online game developer, operator and publisher in China, today announced that in response to the preliminary non-binding proposal dated January 27, 2014 (the "Proposal") to acquire the Company in a "going private" transaction, the special committee of independent directors (the "Special Committee") has selected Bank of America Merrill Lynch as its financial advisor.

As previously announced, the Proposal contemplates Shanda Interactive Entertainment Limited, the controlling shareholder of the Company, and an affiliate of Primavera Capital Limited (together, the "Consortium") and other persons which may join the Consortium, acquiring the Company for US$3.45 per class A or class B ordinary share, or US$6.90 per American depositary share (each representing two class A ordinary shares) (each an "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 (if any) and does not currently intend to announce developments unless and until an agreement has been reached.

There can be no assurance that any definitive offer will be made by the Consortium or any other person, 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.

[protagonist12]

Shanda Games already trading way way above book value of .1425 a share. Wall street likely views this news with a healthy skepticism. Of course the IP of the company is not factored in and is an intangible asset.

[Nistel]

Apparently this news did not really reach the general public yet..

Well, would be a matter of time.

[tbirdman]

Buyout includes KUTV of which GAME owns a 70% stake in

[Nistel]

$8.50 in premarket!

[Nistel]

$7 on bid already.

Strange how under the radar this stock is. Hardly any comments here or on Yahoo. However this was a no brainer since PPS was around $3, when I bought in. Big profits, no debt, lots of cash, management buying back shares, always the smell of a buyout around.

[Nistel]

Interesting. However I think you meant 3.2 bill
No clue about valuations of the other 2 subsidiaries, who should be included in this deal. You have to deduct these valuations from GAME to get the offer price for GAME solely. Still this would be a nice mover today.

Link here: http://seekingalpha.com/news/1585653-shanda-to-sell-main-businesses-to-alibaba-brightwire

Acquisition price ranged between USD 3.2 billion and USD 3.5 billion.

Thus, Alibaba and Tencent Holdings Limited (SEHK: 0700), two Chinese Internet titans, will compete face to face in online gaming market.

Insiders believed that the reported acquisition price is rather cheap.

http://www.4-traders.com/SHANDA-GAMES-LIMITEDADR-5610376/news/Alibaba-Said-to-Wholly-Acquire-Shanda-17989821/

[mackandy]

Shanda bought by alibaba for 3.2 mill on seeking alpha. Lucky I bought in yesterday on price action. So stock should rise approx 60 to 70% I suppose the question is - how much are the business units not in the deal worth ? Is there debt to be paid off?

[eastunder]

Exhibit A

Preliminary Proposal

January 27, 2014

http://www.streetinsider.com/Press+Releases/Shanda+Games+Announces+Receipt+of+Non-Binding+Proposal+to+Acquire+the+Company/9089224.html

The Board of DirectorsShanda Games LimitedNo. 1 Office Building, No. 690 Bibo RoadPudong New Area, Shanghai 201203People's Republic of China

Dear Sirs:

Shanda Interactive Entertainment Limited ("Shanda Interactive") and Primavera Capital (Cayman) Fund I L.P. (the "Sponsor") are pleased to submit this preliminary non-binding proposal to acquire Shanda Games Limited (the "Company") in a going private transaction (the "Acquisition").

We believe that our proposal provides a very attractive opportunity to the Company's shareholders. Our proposal represents a premium of 21.3% to the Company's volume-weighted average price on January 24, 2014 and a premium of 44.4% to the volume-weighted average price during the last 30 trading days.

1.Consortium.

Shanda Interactive and the Sponsor (collectively, the "Consortium Members", and the consortium so formed, the "Consortium") have entered into a consortium agreement (the "Consortium Agreement") dated as of the date hereof, pursuant to which we will form an acquisition company for the purpose of implementing the Acquisition, and have agreed to work with each other exclusively in pursuing the Acquisition. The Consortium Agreement also obligates the Consortium Members to (i) vote for the proposed Acquisition and not take any action inconsistent with it, (ii) not transfer any of their respective shares in the Company unless as otherwise permitted under the Consortium Agreement, and (iii) vote against any competing proposal or matter that would facilitate a competing proposal.

2.Purchase Price.

The consideration payable for each American Depositary Share of the Company ("ADS", each representing two Class A ordinary shares of the Company) will be $6.90 in cash, or $3.45 in cash per Class A or Class B ordinary share (in each case other than those ADSs or shares held by the Consortium Members that may be rolled over in connection with the Acquisition pursuant to the Consortium Agreement).

3.Funding.

We intend to finance the Acquisition with a combination of debt and equity capital. Equity financing would be provided from the Consortium Members and any additional members we accept into the Consortium.

4.Due Diligence.

We believe that we will be in a position to complete customary legal, financial and accounting due diligence for the Acquisition in a timely manner and in parallel with discussions on the definitive agreements. Wilson Sonsini Goodrich & Rosati P.C. has been retained as international legal counsel to Shanda Interactive and the Consortium and Latham & Watkins as international legal counsel to the Sponsor.

5.Definitive Agreements.

We are prepared to promptly negotiate and finalize definitive agreements (the "Definitive Agreements") providing for the Acquisition and related transactions. These documents will provide for representations, warranties, covenants and conditions which are typical, customary and appropriate for transactions of this type.

6.Process.

We believe that the Acquisition will provide superior value to the Company's shareholders. We recognize that the Company's Board of Directors (the "Board") will evaluate the Acquisition independently before it can make its determination to endorse it. Given the involvement of Shanda Interactive in the Acquisition, we appreciate that the independent members of the Board will proceed to consider the proposed Acquisition.In considering our offer, you should be aware that the Consortium Members are interested only in acquiring the outstanding shares of the Company that the Consortium Members do not already own, and that the Consortium Members do not intend to sell their stake in the Company to any third party.

7.Confidentiality.

Shanda Interactive will, as required by law, promptly make a Schedule 13D filing to disclose this letter and its agreement with the Sponsor. However, we are sure you will agree with us that it is in all of our interests to ensure that we proceed in a strictly confidential manner, unless otherwise required by law, until we have executed Definitive Agreements or terminated our discussions.
8.About Primavera. Primavera Capital, established in 2010, is a China-based private investment firm focusing on investments in buy-out, control-oriented, and growth capital investments.

9.No Binding Commitment.

This letter constitutes only a preliminary indication of our interest, and does not constitute any binding commitment with respect to the Acquisition. A binding commitment will result only from the execution of Definitive Agreements, and then will be on terms and conditions provided in such documentation.

In closing, we would like to express our commitment to working together to bring this Acquisition to a successful and timely conclusion. Should you have any questions regarding this proposal, please do not hesitate to contact us. We look forward to hearing from you.

[eastunder]

Well That certainly explains the last few days: I was really confused with the move and no news. :)

[eastunder]

Shanda Games Announces Receipt of Non-Binding Proposal to Acquire the Company
Date : 01/27/2014 @ 9:01AM
Source : PR Newswire (US)

Shanda Games Limited (NASDAQ: GAME, "Shanda Games" or the "Company"), a leading online game developer, operator and publisher in China, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter dated January 27th, 2014 (the "Proposal") from Shanda Interactive Entertainment Limited, the controlling shareholder of the Company, and an affiliate of Primavera Capital Limited (together, the "Consortium").

According to the Proposal, the Consortium proposed to acquire the Company in a "going private" transaction for US$3.45 per class A or class B ordinary share, or US$6.90 per American depositary shares (each representing two class A ordinary shares) (each an "ADS"). Based on the offer price, the Proposal values the Company at approximately US$1.9 billion in fully enlarged equity value. According to the Proposal, the offer price represents a premium of 21.3% to the Company's volume-weighted average price of its ADSs on January 24, 2014 and a premium of 44.4% to the volume-weighted average price of its ADSs during the last 30 trading days.
As of January 27, 2014, the Consortium members beneficially owned, in the aggregate, approximately 76.2% of the Company's outstanding shares.

According to the Proposal, the proposed transaction is intended to be financed with a combination of equity capital funded by the Consortium members and third-party debt. The Consortium's proposal letter states that its proposal constitutes only a preliminary indication of its interest and is subject to negotiation and execution of definitive agreements relating to the proposed transaction. A copy of the proposal letter is attached hereto as Exhibit A.

The Board is reviewing and evaluating the Consortium's Proposal, and the Company expects that the Board will form a special committee consisting of independent directors to evaluate and, if appropriate, negotiate the Proposal and to consider other strategic options available to the Company.

The Company cautions its shareholders and others considering trading its securities that the Board has just received the proposal letter and has not made any decision with respect to the Company's response to the Proposal. There can be no assurance that any definitive offer will be made by the Consortium or any other person, 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.

According to the proposal letter, Wilson Sonsini Goodrich & Rosati, P.C. is acting as U.S. counsel to Shanda Interactive Entertainment Limited and the Consortium as a whole, and Latham & Watkins is serving as U.S. counsel to Primavera Capital Limited. Davis Polk & Wardwell LLP is the Company's U.S. counsel.

[dgarrid]

GAME OVER !

[Big_Money_Upward]

1.30pm kick off time? :)

[Big_Money_Upward]

here comes the $6 ramp to break it. 52wk high 6.42

[Big_Money_Upward]

bought some here

[Nistel]

Great run since last week. Company still buying back shares?

[Gratefullife]

GAME named by R. Perdone, Stock picker/Editor at Street.com as Breakout Candidate....

[naturalborninvestor]

GAME my new favorite swing trading stock

[naturalborninvestor]

just got back in for a 2nd round at $4.33. Looking for another move to $5.

uptrend intact, 8/37 cross about to happen

[TheFinalCD]

lookin good here

GAME looking great today! Let's see if it can break the 4.85 resistance level. Blue sky thereafter

.

[TheFinalCD]

GAME on!

[naturalborninvestor]

GAME looking great today! Let's see if it can break the 4.85 resistance level. Blue sky thereafter.

[Penny Roger$]

GAME middle bollie pierce!

[ManicTrader]

$GAME 4.51 BREAKOUT, We alerted this reversal watch at our message board at 3.85 and again mid week. We are looking for GAME to retest previous highs

ManicTrader Member Level

Monday, August 12, 2013 11:34:39 PM
Re: None
Post # of 13058
$GAME 3.86 Reversal Watch If she can't hold her 100ma here, she goes lower to the 200ma support where imo she will bounce. Slow churn. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91144380

[Penny Roger$]

~ $GAME ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

$GAME has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~

What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~


To find other similar posts of "GAME" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "GAME": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=GAME ~
Search Ihub for "GAME" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=GAME ~


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c

[TapeTrades]

$GAME ripping today let it ride!!!

[TapeTrades]

$GAME got GAME ? So far so good

[TapeTrades]

Back in $GAME here @ 3.85

[TapeTrades]

Out GAME for .15c looking for another long setup