Bloomberg: Shanda’s new Sina stake alters market
From Bloomberg, via Taipei Times:
Shanda Interactive Entertainment Ltd’s (‰∏äÊµ∑ÁõõÂ§ß‰∫íÂãïÂ®õÊ®Ç) acquisition of 19.5 percent of Sina Corp (Êñ∞Êµ™), China’s No.1 Internet portal, may spur consolidation in the industry, analysts in China and Hong Kong said.
Shanda, an online games developer run by Shanghai billionaire Chen Tianqiao (Èô≥Â§©Ê©ã), disclosed on Feb. 18 that it acquired control of Sina Corp after securing a one-fifth stake in the Chinese Internet search engine by buying shares on the open market. Both companies are listed on the US’ NASDAQ market.