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Rumor: Shanda Acquires Cloud-Based Applications Platform

Donews, 1/25/11

Chinese online media provider and online game developer and operator Shanda Interactive (Nasdaq: SNDA) recently acquired YunDuan Network Technology, operator of the Soft Cloud (yunduan.cn) consumer cloud-based applications and gaming platform.

According to the source, Soft Cloud employees have already begun using Shanda's internal e-mail system, implying the merger is already being executed. Shanda declined to comment.

Keywords: Internet Soft Cloud Shanda software SNDA M&A

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