Shanda to List Gaming Business

Sina Tech, 4/16/09

According to an industry source, Shanda Interactive (Nasdaq: SNDA) will spin off its online game operating business Shanda Games (SDG) for an independent stock market listing. The decision is currently being evaluated within the company, and may happen by the end of this year. The next step will be for Shanda to spin off its Shanda Literature and Shanda Online (SDO) subsidiaries, ultimately transforming itself into a holding company. Shanda Literature operates the original literature site Qidian, and SDO operates a unified billing, customer service and call center platform to support operation of Shanda's games. The source mentioned a group of investors went to Shanda two months ago to discuss listing these subsidiaries, and it is expected that Shanda will list its game business on Nasdaq.

Shanda has not yet commented on the news.

Keywords: Internet Qidian Shanda Shanda Games Shanda Literature Shanda Online SNDA IPO online gaming

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