InvestorsHub Logo
Followers 30
Posts 3869
Boards Moderated 0
Alias Born 02/02/2010

Re: mackandy post# 434

Monday, 02/24/2014 5:42:37 AM

Monday, February 24, 2014 5:42:37 AM

Post# of 454
Interesting. However I think you meant 3.2 bill wink
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/

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.