Wednesday, February 15, 2006

Cisco Buys Slice of China's Largest Online Games Operator

From Red Herring:

"Cisco Systems has acquired a 9.7 percent stake in Shanda Interactive Entertainment, the top provider of online games in China, that is worth about $104 million."

"The deal apparently occurred last year and included 6.93 million Shanda shares that Cisco acquired from Japan’s Softbank, according to Reuters. The filing said that 13.7 million of the shares acquired by Cisco were represented by 6.8 million American depositary shares."


Post a Comment

<< Home