Shanda Discloses Stake in Sina Corp.

Press Release: Shanda Discloses Stake in Sina Corp.
Source: Shanda Interactive Entertainment Limited

SHANGHAI, China, Feb. 18 /Xinhua-PRNewswire/ -- Shanda Interactive Entertainment Limited (Nasdaq: SNDA) today disclosed that as of February 10, 2005 it has, together with its controlling shareholder Skyline Media Limited, acquired approximately 19.5% of the outstanding ordinary shares of Sina Corporation (Nasdaq: SINA) through open market purchases. Read more