Game Developer Giant Gets $3B PE-Backed Bid From Chairman

Law360, New York (November 25, 2013, 12:04 PM EST) -- Game developer Giant Interactive Group Inc. said Monday it is mulling a $2.82 billion buyout bid from its chairman and a private equity partner, touching off what could be one of the largest management-backed buyouts of a Chinese company in months.

Put together by Giant Chairman Yuzhu Shi and affiliates of Baring Private Equity Asia, the preliminary proposal would guarantee a $11.75 payout for each American depositary share, a 16 percent premium over the company’s Friday close. The wannabe buyers would back their purchase using a...
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