Tuesday, November 30, 2004

Shanda to Acquire Controlling Stake in Actoz

From ChinaTechNews.com: Shanda Acquires Stake in Online Game Company Actoz

"Shanda (SNDA) today announced that it has entered into an agreement to purchase approximately 29% of Korea's Actoz Soft Company, a developer, operator and publisher of online games. The all cash purchase transaction from shareholders of Actoz is worth approximately US$91.7 million."

"The transaction will solidify an alliance between one of the largest operators of online games in China and a leading supplier of online game content to the China market. Actoz owns 50% of the copyright for The Legend of Mir II, which is the most popular online game in China according to users surveyed in late 2003 by International Data Center." Read more

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