HONG KONG, January 29, 2014 /PRNewswire/ -- 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") received by the Company's Board of Directors (the
"Board") from Shanda Interactive Entertainment Limited, the
controlling shareholder of the Company, and an affiliate of
Primavera Capital Limited (together, the "Consortium") to acquire
the Company in a "going private" transaction, the Board has formed
a special committee of independent directors who are not affiliated
to any member of the Consortium (the "Special Committee")
consisting of Andy Lin, Yong Gui and
Heng Wing Chan to evaluate the Proposal. The Special Committee
intends to retain advisors, including an independent financial
advisor and legal counsel, to assist it in its evaluation.
The Company cautions its shareholders and others considering
trading its securities that neither the Board nor the Special
Committee has 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.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements in
this press release that are not historical facts, including, but
not limited to, statements regarding the future benefits brought by
the new game launches and popularity of existing games, represent
only the Company's current expectations, assumptions, estimates and
projections and are forward-looking statements. These
forward-looking statements involve inherent risks and
uncertainties. Important risks and uncertainties that could cause
the Company's actual results to be materially different from
expectations include, but are not limited to, the possibility that
the Company would not realize the expected benefits from the new
game launches and popularity of existing games and risks set forth
in the Company's filings with the U.S. Securities and Exchange
Commission, including its annual report on Form 20-F. The Company
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
This press release is not an offer of securities for sale in
the United States. Securities may
not be offered or sold in the United
States absent registration or an exemption from
registration. Any public offering of securities to be made in
the United States will be made by
means of a prospectus that may be obtained from the issuer or
selling security holder and that will contain detailed information
about the company and management, as well as financial
statements.
About Shanda Games
Shanda Games Limited (NASDAQ: GAME) is a leading online game
developer, operator and publisher in China. Shanda
Games offers a diversified game portfolio, which includes
some of the most popular massively multiplayer online (MMO) games
and mobile games in China and in
overseas markets, targeting a large and diverse community of users.
Shanda Games manages and operates
online games that are developed in-house, co-developed with
world-leading game developers, acquired through investments or
licensed from third parties. For more information about
Shanda Games, please visit
http://www.ShandaGames.com.
Contact
Shanda Games Limited:
Ellen Chiu, Investor Relations
Director
Maggie Zhou, Investor Relations
Associate Director
Phone: +86-21-5050-4740 (Shanghai)
Email: IR@ShandaGames.com
Christensen:
Christian Arnell
Phone: +86-10-5900-1548 (China)
Email: carnell@ChristensenIR.com
Linda Bergkamp
Phone: +1-480-614-3004 (U.S.A.)
Email: lbergkamp@ChristensenIR.com
SOURCE Shanda Games Limited