While some game companies are rushing to IPO, others are going the other way.
NASDAQ-floated Shanda Games (NASDAQ: GAME) has announced that it's received a proposal to take it private.
Significantly, the deal which values the online/mobile game developer and publisher at $1.9 billion, has been tabled by its controlling shareholder, parent company Shanda Interactive Entertainment.
The money is being provided by an affiliate of Primavera Capital, a Chinese investment outfit, combined with third-party debt.
Between them, the two companies already own 72.6 percent of Shanda Games shares, meaning the takeover is likely to happen although the company says it has not made any decision yet.
As for the $1.9 billion valuation, it's a premium of 21 percent to its share price on 24 January.
Shanda recently posted quarterly figures of $183 million, up 3 percent year-on-year, but its mobile sales are booming, They were up 50 percent at $25 million.