Wilson Sonsini Goodrich & Rosati, Weil Gotshal & Manges and O’Melveny & Myers have the lead roles on a $2.86 billion bid to privatize Chinese online game developer Giant Interactive Group Inc.
New York Stock Exchange-listed Giant said in a press release the company board has received a proposal by a consortium led by chairman Shi Yuzhu and an affiliate of Baring Private Equity Asia to acquire all of the company’s outstanding ordinary shares at a price of $11.75 per share. As of November 25, 2013, Shi and the consortium collectively own 47.2 percent of Giant.
