BEIJING, April 21, 2014 /PRNewswire/ -- Perfect World Co.,
Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading
online game developer and operator based in China, today announced that it has entered
into a share purchase agreement to acquire a total of 30,326,005
class A ordinary shares of Shanda Games Limited (NASDAQ: GAME)
("Shanda Games"), a leading online
game developer, operator, and publisher in China. Pursuant to the share purchase
agreement, the Company will acquire these shares from a
wholly-owned subsidiary of Shanda Interactive Entertainment
Limited, the controlling shareholder of Shanda Games, for a total consideration of
US$100 million in cash. The purchase
is expected to be consummated in 30 days, subject to the
satisfaction of customary closing conditions.
In addition, Perfect World has also entered into an adherence
agreement to become a party to the consortium agreement dated as of
January 27, 2014 between Shanda
Interactive Entertainment Limited and Primavera Capital (Cayman)
Fund I L.P., an affiliate of Primavera Capital Limited, and
participate as a new member of the consortium (the "Consortium") in
the proposed "going private" transaction with respect to
Shanda Games. The Consortium has
submitted a preliminary non-binding proposal letter dated
January 27, 2014 (the "Proposal") to
the board of directors of Shanda
Games, whereby 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. The
Proposal constitutes only a preliminary indication of the interest
of the Consortium and is subject to negotiation and execution of
definitive agreements relating to the proposed acquisition
transaction.
About Perfect World Co., Ltd. (http://www.pwrd.com)
Perfect World Co., Ltd. (NASDAQ: PWRD) is a leading online game
developer, and operator based in China. Perfect World primarily develops online
games based on proprietary game engines and game development
platforms. Perfect World's strong technology and creative game
design capabilities, combined with extensive knowledge and
experiences in the online game market, enable it to frequently and
promptly introduce popular games designed to cater changing
customer preferences and market trends. Perfect World's current
portfolio of self-developed online games includes massively
multiplayer online role playing games ("MMORPGs"): "Perfect World,"
"Legend of Martial Arts," "Perfect
World II," "Zhu Xian," "Chi Bi,"
"Pocketpet Journey West," "Battle of the Immortals," "Fantasy Zhu
Xian," "Forsaken World," "Dragon Excalibur," "Empire of the
Immortals," "Return of the Condor Heroes," "Saint Seiya Online,"
"Swordsman Online" and "Holy King;" an online casual game: "Hot
Dance Party;" and a number of web games and mobile games. While a
majority of the revenues are generated in China, Perfect World operates its games in
North America, Europe, Japan, Korea, and Southeast Asia through its own subsidiaries.
Perfect World's games have also been licensed to leading game
operators in a number of countries and regions in Asia, Latin
America, and the Russian
Federation and other Russian speaking territories. Perfect
World intends to continue to explore new and innovative business
models and is committed to maximizing shareholder value over
time.
Safe Harbor Statements
This press release contains forward-looking statements. These
statements constitute forward-looking statements under the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "confidence," "estimates" and similar statements. Such
statements involve certain risks and uncertainties that could cause
actual results to differ materially from those in the
forward-looking statements. Potential risks and uncertainties
include, but are not limited to, Perfect World's ability to develop
and operate new games that are commercially successful, the growth
of the online game market and the continuing market acceptance of
its games and in-game items in China and elsewhere, its ability to protect
intellectual property rights, its ability to respond to competitive
pressure, its ability to maintain an effective system of internal
control over financial reporting, changes of the regulatory
environment in China, and economic
slowdown in China and/or
elsewhere. Further information regarding these and other risks is
included in Perfect World's filings with the U.S. Securities and
Exchange Commission, including its annual report on Form
20-F. Perfect World does not
undertake any obligation to update any forward-looking statement as
a result of new information, future events or otherwise, except as
required under applicable law.
For further information, please contact
Perfect World Co., Ltd.
Vivien Wang - Vice President, Capital Market & Corporate
Communications
Joanne Deng - Associate Investor Relations Director
Tel: +86-10-5780-5700
Fax: +86-10-5780-5713
Email: ir@pwrd.com
http://www.pwrd.com
Christensen Investor Relations
Patty Bruner
Tel: +1-480-614-3036
Fax: +1-480-614-3033
Email: pbruner@christensenir.com
Jung Chang
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: jchang@christensenir.com
Logo -
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SOURCE Perfect World Co., Ltd.