Joseph Tartakoff
Jan 25, 2010 10:55 PM
Shanda (NSDQ: SNDA) Games CEO Diana Li is leaving the online game company only four months after overseeing its IPO. Shanda Games says Li is resigning to “pursue other interests.” As CEO of a publicly-traded Shanda Games, Li had been aggressive in expanding the company via acquisitions. This month alone,…
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Entertainment, Games, Industry Moves, Social Media, diana li, shanda
Tameka Kee
Jan 12, 2010 1:09 AM
China’s Shanda (NSDQ: SNDA) Games is on a buying spree. Its latest acquisition is of Flash-based game distribution and monetization platform Mochi Media. The company expects the $80 million deal—$60 million in cash, and $20 million in equity retention agreements—to close in Q1. Founded in 2006, S.F.-based Mochi Media raised…
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Entertainment, Games, Money, M&A & Venture Capital, Mergers & Acquisitions, Countries, Asia, China, mochi media, shanda
Tameka Kee
Dec 1, 2009 6:03 PM
Shanda (NSDQ: SNDA) Online, the ad and content-serving arm of Shanda Interactive, has reeled in *Yahoo* alum Dr. Jing Zhu as its new CTO. Zhu spent eight years with Yahoo (NSDQ: YHOO), most recently serving as a senior director of the team that developed its contextual ad-targeting platform; the company…
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Advertising, Industry Moves, Companies, Yahoo, Countries, Asia, China, shanda
Tameka Kee
Nov 27, 2009 12:35 PM
China’s Shanda (NSDQ: SNDA) is adding online video to its growing digital media empire, through the acquisition of user-gen video site Ku6.com. It’s an all-stock deal; Ku6 will keep its name, becoming a subsidiary of Hurray, the mobile content company Shanda bought out this summer. Full financials were not disclosed,…
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Entertainment, Games, Money, M&A & Venture Capital, Social Media, Video, Countries, Asia, China, shanda
Tameka Kee
Sep 27, 2009 10:52 PM
*Shanda* Games can lay claim to the title of the biggest U.S. IPO so far in 2009—but the gaming company still failed to live up to the tremendous hype around its launch. A spinoff of Shanghai-based Shanda Interactive Entertainment, the newly-public company priced its shares at $12.50 upon opening on…
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Entertainment, Games, Money, IPO, Countries, Asia, China, changyou, shanda
Rafat Ali
Sep 25, 2009 12:47 AM
Shanda (NSDQ: SNDA) Games, the online gaming spinoff from the big Chinese portal company, is teaching something to the U.S. companies: it is slated to debut its IPO tomorrow morning on Nasdaq, and expected to raise just over $1 billion in it. This will make it the biggest U.S. IPO…
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Entertainment, Games, Money, IPO, Countries, Asia, China, shanda
Rafat Ali
Sep 3, 2009 11:56 PM
Shanda Interactive Entertainment (NSDQ: SNDA) , the Chinese digital entertainment company, is following the footsteps of its rival company Sohu (NSDQ: SOHU), and is planning to spin off its gaming unit for an IPO on Nasdaq, the company announced today. The IPO is expected to raise as much as $800…
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Entertainment, Games, Money, IPO, Countries, Asia, China, shanda
Rafat Ali
Dec 2, 2008 9:17 PM
Three gaming related deals in Asia:—Electronic Arts (NSDQ: ERTS) has increased its presence in Korea, after buying the mobile gaming arm of Hands-On earlier this year: it has now bought J2MSoft, a Korean developer of PC and online games. J2M develops free-to-play online games that are monetized through micro-transactions and…
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Money, M&A & Venture Capital, Mergers & Acquisitions, Countries, Asia, China, Korea, electronic arts, shanda
Joseph Weisenthal
May 28, 2008 6:35 AM
Chinese media firm Shanda (NSDQ: SNDA) reported Q1 revenue of $111.1 million, a 46.5 percent year-over-year increase. Growth was driven by its core MMO business, which had revenue growth of 54.8 percent to $91.3 million. Net income fell 35 percent in the quarter to $41.2 million, however this was primarily…
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Money, Earnings, Countries, Asia, China, shanda
Joseph Weisenthal
Feb 25, 2008 6:31 PM
Chinese internet firm Shanda (NSDQ: SNDA) has reported Q4 revenue of $97.8 million, up 51.8 percent year-on-year. Net income was up 21.8 percent to $40.1 million. A 59.4 percent rise in MMORPG revenue was a strong contributor to growth. Casual games revenue was up 11.7 percent. The company ended the…
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Entertainment, Games, Money, Earnings, Countries, Asia, China, shanda
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