Carlyle pulls out of $1.9b Shanda take private

The private equity firm backs out of deal to take US-listed Shanda Games private for $1.9 billion. The news comes as investors push back on leverage loan pricing.

Carlyle pulls out of $1.9b Shanda take private

Private equity firms Carlyle, Primavera and Fountainvest have pulled out of taking Nasdaq-listed Shanda Games private for $1.9 billion, the online gaming company said Wednesday.

Perfect World, a Chinese online gaming peer, also dropped out of the deal, according to the statement. It is selling all of its 30.3 million shares to an affiliate of Chinese broker Orient Securities for $104.6 million in cash.

Stepping up to take their place in the...

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