NEW YORK--(BUSINESS WIRE)--May 14, 2018--The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who held shares of Shanda Games Limited (“Shanda”) (formerly NASDAQ:GAME) on November 18, 2015 or sold such sharesbetween May 5, 2015 and November 18, 2015. You are hereby notified that Levi & Korsinsky filed a securities class action lawsuit in the Southern District of New York, Case No. 1:18-cv-02463. To get more information go to:

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that Shanda issued materially false and misleading statements in Proxy Statements and other materials related to the proposed merger of Shanda with Capitalhold, thus inducing shareholders to sell their shares of Shanda common stock at artificially deflated prices or to refrain from exercising their appraisal rights.

If you wish to serve as lead plaintiff, you must move the Court no later than May 21, 2018. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180514005948/en/

CONTACT: Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Tel: 212-363-7500

Toll Free: 877-363-5972

Fax: 212-363-7171

www.zlk.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Levi & Korsinsky, LLP

Copyright Business Wire 2018.

PUB: 05/14/2018 11:17 AM/DISC: 05/14/2018 11:17 AM

http://www.businesswire.com/news/home/20180514005948/en