TOM obtains 19.5% of Sina.com stake from Shanda
"TOM Outdoor Media Group (OMG) will buy a 19.5% stake in Sina.com from Shanda Interactive Entertainment Ltd., according to Xiaoxiang Morning Post on Monday this week.
TOM will pay US$370 million at US$35 each share for the stake. Last year, the 19.5% equity of Sina.com cost Shanda around US$200 million. Shanda stands to earn US$170 million or so from the deal."