Changyou also wants to privatize Zhang Chaoyang has issued a preliminary offer

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Changyou is another Chinese online game company that has been privatized after Shanda Games, Perfect World, and Giant Network. Changyou is another Chinese online game company that has been privatized after Shanda Games, Perfect World, and Giant Network.

Changyou is another Chinese online game enterprise privatized after Shanda Game, Perfect World and Giant Network.

original title: Zhang Chaoyang proposed an offer to buy Changyou and also privatized Changyou

Changyou announced on May 22nd that the company's board of directors had received a preliminary non-binding offer from Chairman Zhang Chaoyang.

according to the offer, Zhang Chaoyang will acquire all outstanding Class An and Class B common shares of Changyou at a price of US $21.05 per Class An or B common share, or US $42.10 per American depositary receipt.

the purchase price represents a 50 per cent premium to the average closing price of Changyou American depositary receipts over the past 90 trading days.

Changyou's board of directors plans to set up a special committee composed of independent directors and will consider the offer. The Board expects that the special committee will employ independent consultants, including financial and legal advisers, to assist it in the consideration process.

Changyou, one of the online game developers and operators in China, was spun off into an independent operating company in December 2007. Changyou, as the game division of Sohu Group, has been operating massively multiplayer online role-playing games since 2003 and then listed on the Nasdaq Global Select Market in April 2009. Changyou's independent research and development of "New The Demi-Gods & Semi-Devils" has been recommended by domestic fans of massively multiplayer online role-playing games.

according to the results for the first quarter of 2017, Changyou's revenue was $120 million, down 8% from the same period last year; the net profit attributed to Changyou was $30 million, down 7% from $32 million in the same period last year.

Changyou's average monthly active users of PC games in the first quarter was 2.4 million, down 20% from the same period last year and 4% from the previous quarter. At the same time, Changyou had 1.1 million monthly active users of mobile games in the first quarter, down 66% from the same period last year and 31% from the previous quarter.

Changyou is another Chinese online game company privatized after Shanda Games, Perfect World and Giant Network.

Edit: jessica