Game developer Giant Interactive gets $2.82 billion go-private bid

(Reuters) - Chinese online game developer Giant Interactive Group Inc said it received a non-binding proposal from its chairman Yuzhu Shi and an affiliate of Baring Private Equity Asia to take the company private for $11.75 per American Depositary Share. The offer represents a premium of 16 percent to the company's ADS's closing price on the New York Stock Exchange on Friday. Giant Interactive said the consortium owned about 47.2 percent of the company's shares as of November 25.



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