Giant Interactive Accepts $3B Go-Private Bid From Chairman

Law360, New York (March 17, 2014, 3:32 PM EDT) -- U.S.-listed Chinese game developer Giant Interactive Group Inc. has reached a deal to go private, accepting a $3 billion buyout bid from its chairman and two private equity partners, the companies announced Sunday.

Under the terms of the transaction, Giant Chairman Yuzhu Shi, Baring Private Equity Asia and Hony Capital Fund V LP will shell out $12 per share, an increase from a November offer of $11.75 per share, to merge Giant Interactive into a wholly owned subsidiary of Giant Investment Ltd. and take the company...
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