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Perfect World Acquires InterServ Caymans

by Rainier on Dec. 8, 2008 @ 12:02 a.m. PST

InterServ agreed to sell 100% of the shares of InterServ Caymans to Perfect World for approximately US$23.0 million, making the two subsidiaries (Shanghai and Chengdu) become a wholly owned part of Perfect World.

"We are very pleased to sign this agreement with InterServ," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "The acquisition will allow us to further strengthen our game development capabilities through two subsidiaries of InterServ Caymans located in Shanghai and Chengdu, and generate synergies with our strong existing game development platform. Pursuing strategic acquisitions and strengthening leading-edge technology through continuous R&D have always been two of our core strategies. We're deeply committed to executing our strategies to maximize shareholder value over time."

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