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Best Prospect: Hurray, Shanda Acquisition Deal Fails

Sina Tech, 5/22/09

Jacky Tung, head of the Best Prospect Overseas consortium that offered to purchase a 51% stake in Chinese wireless value-added services provider and music production firm Hurray (Nasdaq: HRAY), recently said he believes Hurray has failed to reach a deal with Chinese online game developer and operator Shanda (Nasdaq: SNDA). Read More