Rumor: Shanda Completes Acquisition of 50% of Ourgame
National Business Daily, 3/09/10
Chinese internet company Shanda Interactive (Nasdaq: SNDA) has reportedly acquired a 50% stake in online gaming company Ourgame, but has yet to choose an official announcement date and refuses to comment on the matter.
According to fiscal reports from Ourgame's parent company, Searainbow Holding (000503.SZ), Ourgame recorded RMB 15.13 mln in net losses in 2007, and RMB 363,000 in net losses in 2008. In the first half of 2009, Ourgame recorded a net profit of RMB 647,000.
Keywords: online gaming Ourgame Shanda Internet profit SNDA loss M&A
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