Shanda Games (NASDAQ:GAME), China’s leading online-games provider, reportedly acquired two subsidiaries of its parent company Shanda Interactive Entertainment with $812 million in cash and deferred payment (source in Chinese).

The two subsidiaries acquired this time, namely, Shanghai Shengzhan Network Technology and Tianjin Jingsheng Trading, have close business relationship with Shanda Games. In the first quarter of 2013, Shanda Games paid around 21.30 percent of its net revenue to the two companies for services of online payments, user authentication, data support and pre-paid card marketing.

Based on this deal, Shanda Games aims to promote the construction of mobile platform, eradicate related transactions and improve the capital structure as well as earnings per share. The company’s earning per share is expected to increase 40 percent to 50 percent after this deal, according to Chen Tianqiao, chairman of the company.

Shanda Games holds overall $556 million yuan worth of cash, cash equivalents, restricted cash, short-term investment, net loan and dividend payable as of March 31, 2013.

This deal is expected to be finalized by the third quarter of 2013.