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BUYOUTS: Shanda Games Stumbles, Hanergy Hints at Buyout
Bottom line: Shanda Games’ privatization could de-rail again due to fraud allegations against the head of its buyout group, while scandal-plagued Hanergy could receive a management-led offer soon to...
View ArticleNews Digest: January 26, 2016
The following press releases and media reports about Chinese companies were carried on January 26. To view a full article or story, click on the link next to the headline....
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FINANCE: Shanda, Renren Ditch Internet to Try Finance
Bottom line: Shanda Group is likely to emerge this year as China’s next major global investor with 2-3 major deals, while Renren’s plans to transform into a high-tech investment company stand a 50-50...
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ENTERTAINMENT: Gaming Deals Plunge, End of an Era?
Bottom line: M&A and IPOs by Chinese gaming companies will remain low for the next 2-3 years due to lack of investor interest, but could pick up after that if some players start losing money and...
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BUYOUTS: Sinovac, Ku6 Join Privatization Queue
Bottom line: Sinovac may be forced to raise its buyout offer following a chorus of complaints from investors, while Ku6’s new buyout offer is unlikely to meet with any resistance due to its small size...
View ArticleChina News Digest: April 13, 2016
The following press releases and news reports about China companies were carried on April 13. To view a full article or story, click on the link next to the headline....
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FINANCE: Shanda Enters New Phase with Legg Mason Investment
Bottom line: Shanda’s purchase of a major stake in Legg Mason marks the start of a global investment spree that is likely to see 2-3 similar sized deals in the Chinese and global financial services...
View ArticleChina News Digest: May 25, 2016
The following press releases and news reports about China companies were carried on May 25. To view a full article or story, click on the link next to the headline....
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MULTINATIONALS: Shanda, Tencent in Global P2P, Gaming Buys
Bottom line: Shanda’s purchase of 12 percent of LendingClub reflects its new investment focus on global financial services, while Tencent’s pursuit of a major Finnish game maker is consistent with its...
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IPOs: Literature Firm Makes New Listing Attempt with Shanda, Tencent Backing
Bottom line: Tencent’s online literature unit is likely to make a Hong Kong IPO later this year, and should get a relatively strong reception due to strong backing and its market leading position for a...
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M&A: Cowen, MoneyGram Deals Wait for US Nod, Xinhua Lectures Trump
Bottom line: The US could veto the purchase of brokerage Cowen by a Chinese energy firm, and could also block Ant Financial’s purchase of MoneyGram under tougher scrutiny by the Donald Trump...
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