Perfect World buys into Shanda Games for $100 million

Shanda game

Perfect World Entertainment announced today that it will enter into a share purchase agreement with rival Chinese MMO company Shanda Games Limited for 30 million shares valued at $100 million. The purchase is expected to finalize in 30 days.

Shanda Games publishes over 20 MMOs for the Chinese market, including Aion, Luvinia Online, and Final Fantasy XIV. This proposed agreement, as well as agreements with other top companies, would put the total value of Shanda at around $1.9 billion.