ChinaTechNews.com: Shanda to Acquire Stake in Haofang. Shanda Interactive Entertainment Limited, the operator of online games in China, announced today that it has signed an agreement to purchase for cash a minority stake in Shanghai Haofang Online Information Technology Co., Ltd., or Haofang, a privately-owned company that develops and operates the largest network PC game platform in China.
For China watchers, I’ve posted contracts from Shanda Interactive Entertainment, as well as China Life Insurance, China Mobile, China National Petroleum, China Petroleum & Chemical, China Resources Development, China Unicom, Ivanhoe Energy, NetEase.com, Pan Asia Mining, Sina and Sohu.com.
One reply on “Shanda Goes Shopping”
I thought I read late last week that google stated that their IPO may be delayed due to complications with the auction process, and a lackluster roadshow that failed to impress potential institutional investors.