HONG KONG, May 19, 2014 /PRNewswire/ -- Shanda Games
Limited (NASDAQ: GAME, "Shanda
Games" or the "Company"), a leading online game developer,
operator and publisher in China,
has been informed by Shanda Interactive Entertainment Limited
("Shanda Interactive"), the controlling shareholder of Shanda Games, that CAP IV Engagement Limited, an
affiliate of Carlyle Asia Partners IV, L.P., entered into an
adherence agreement on May 19, 2014
to become a party to the consortium agreement dated as of
January 27, 2014 among Shanda
Interactive, Primavera Capital (Cayman) Fund I L.P., an affiliate
of Primavera Capital Limited, Perfect World Co., Ltd. (which became
a party on April 18, 2014 by entering
into an adherence agreement) and FV Investment Holdings (which
became a party on April 25, 2014 by
entering into an adherence agreement), an affiliate of FountainVest
Partners, and participate as a new member of the consortium (the
"Consortium") in the proposed "going private" transaction with
respect to Shanda Games.
The Consortium submitted a preliminary non-binding proposal
letter dated January 27, 2014 (the
"Proposal") to the board of directors of Shanda Games. According to the Proposal, the
Consortium proposed to acquire Shanda
Games in a "going private" transaction for US$3.45 per class A or class B ordinary share of
Shanda Games, or US$6.90 per ADS. 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 Proposal states that it constitutes only a preliminary
indication of interest and is subject to negotiation and execution
of definitive agreements relating to the proposed transaction. The
Company cautions its shareholders and others considering trading
its securities that there can be no assurance 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.
Safe Harbor Statement
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 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 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