On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
64° Feels Like: 64°
Wind: WSW 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Scattered Thunderstorms 77°

Tonight

Partly Cloudy 55°

Tomorrow

Sunny 84°

Alerts

Perfect World joins consortium offering to buy out Shanda Games

(Reuters) - China's online game developer Perfect World Co Ltd said it joined the consortium offering to buy rival Shanda Games Ltd.

Perfect World said it would buy 30.3 million class A Shanda Games shares for $100 million from Shanda Interactive Entertainment Ltd, a shareholder in Shanda Games.

Shanda Interactive and an affiliate of investment firm Primavera Capital, who together own 76.2 percent of Shanda Games, offered to buy the company in a deal that valued it at $1.9 billion in January.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Savio D'Souza)

Comments