Shanda Games Ltd. said Monday that it has received an offer from its controlling shareholder, Shanda Interactive, to take the Chinese online game developer private. The deal values the company at $1.9 billion . Shanda Interactive, a Chinese entertainment media company, is an affiliate of Chinese investment firm Primavera Capital Ltd. Together, they already hold about 76 percent of the company's shares. It is offering to pay $6.90 for each of Shanda Games' U.S.-traded American depositary shares. That's 22 percent above the closing price of $5.65 on Friday. Shanda Games says it is reviewing the proposal and expects to form a special committee to handle the matter, as well as consider its other strategic options. The company's shares, trading on the Nasdaq, rose 71 cents , or nearly 13 percent, to $6.36 in late morning trading. As of Friday's close, its shares had gained about 83 percent over the past 12 months.
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