Friday, March 24, 2006

Tom Group to buy Shanda's Sina stake?

From Reuters:

"Hong Kong media company Tom Group is seeking to buy the 20 percent of leading China Web portal Sina Corp. held by China's top online game firm, Shanda, a newspaper said on Friday.

Shanda Interactive Entertainment Ltd. bought nearly 20 percent of Sina shares on the open market last year in a hostile takeover bid that ended in stalemate after the two sides failed to agree on a price, according to previous reports."

"A Shanda spokeswoman said the company does not report on market rumours, and a Tom Group spokeswoman was not immediately available for comment."


Post a Comment

<< Home