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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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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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