Replies to post #434 on Shanda Games (fka GAME)

[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/

[tbirdman]

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