Chinese game maker Perfect World gets go-private bid from founder

Reuters News
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Posted: Jan 02, 2015 9:58 AM

(Reuters) - Chinese online game developer Perfect World Co Ltd <PWRD.O> said it had received a proposal from founder and Chairman Michael Yufeng Chi to take the company private for $20 per ADS or $4 per ordinary share, valuing the company at nearly $1 billion.

The company said it had formed a special committee of independent directors to consider the proposal.

(Reporting By Sai Sachin R in Bengaluru; Editing by Ted Kerr)