Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Shanda to Acquire Ourgame

Sina Games, 2/24/10

According to industry sources, Shanghai-based online entertainment company Shanda Interactive (Nasdaq: SNDA) has completed its acquisition of online gaming company Ourgame, to be announced in early March.

A rumor had previously circulated throughout the investment community that South Korean gaming firm NHN, which owns a 50% stake in Ourgame, was in talks with a number of companies, including Shanda and Perfect World (Nasdaq: PWRD). Perfect World denied the reports at an industry fair in Dalian this January; Shanda has never responded to the rumors.

Editor's Note: Chinese IT news site DoNews reported that a spokesperson for Ourgame confirmed that Ourgame VP Yang Yong'an stepped down on February 22; Yang will reportedly take up a new position at Shanda next week.

Sohu IT later reported that, in response to the earlier reports, Ourgame CEO Wu Guoliang denied the rumors as false. Another industry source also revealed that Perfect World will take over NHN's stake in Ourgame to become a 50% stakeholder in the company.

For more background on this topic, please see "Rumor: Korean Gaming Firm to Sell 50% Stake in Ourgame" MD 1/15/10 issue.

Keywords: Yang Yong'an HR online gaming Ourgame Perfect World Shanda Internet SNDA PWRD NHN M&A Wu Guoliang


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports