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Rumor: Perfect World to Purchase Online Gaming Portal

Hexun.com, 8/06/08

Informed sources are claiming that Chinese online game developer and operator Perfect World (Nasdaq: PWRD) is about to purchase an online gaming portal, with the two parties already in active negotiations. The source indicated that it would be a full acquisition of the portal, and not just the acquisition of a stake, with the purchase price placed at over USD 10 mln.

Another source close to the deal claims that Perfect World CEO Michael Chi recently held a discreet meeting with Liu Liang, the founder and CEO of online gaming portal U9.

Keywords: M&A Liu Liang U9 Michael Chi Internet online gaming Perfect World portal PWRD investment

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