China's online game developer Perfect World Co Ltd said it joined the consortium offering to purchase rival Shanda Games Ltd. Perfect World said it would buy 30.3 million class A Shanda Games shares for $100 million from Shanda Interactive Entertainment Ltd, a shareholder in Shanda Games.
Perfect World Co., Ltd. is an online game developer and operator in People?s Republic of China. Shares of PWRD traded higher by 2.09% or $0.4/share to $19.57. In the past year, the shares have traded as low as $10.19 and as high as $26.25. On average, 854516 shares of PWRD exchange hands on a given day and today's volume is recorded at 343800.
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