日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Shanda to sell 40% of Sina stake

By Wen Dao (China Daily)
Updated: 2006-11-08 09:00

Shanda, which has significant leadership in the online game market, is trying to extend its presence from online games to an entertainment empire on the Internet, mobile phones and TVs.

Sina is the second most influential news and entertainment site in China after the national broadcaster CCTV and it's holdings were highly distributed. Taking a minority stake in Sina allowed Shanda to control a valuable content asset at a low cost.

However, Sina's board thought the move was a stealth attack to take over and launched a poison pill, which allowed other investors to purchase Sina's shares at half price if Shanda boosted the holdings to 20 per cent.

Meanwhile, Shanda began suffering heavy financial blows due to regulatory control of Internet protocol TV, slow progress in new services, the decline of its flagship games, and fierce competition in the market. These factors caused Shanda's revenues to fall year-on-year for four consecutive quarters.

Now, returning to growth is a top priority for the Shanghai firm, especially since it's expected to announce third quarter financial results on Thursday in the United States.

In October 2004, Shanda issued US$275 million convertible notes at an estimated price of US$39.70 per American depository share, which is redeemable from October 15, 2007.

The urgency to improve its financial performance and the pressure of the possible need to redeem its US$275 million convertible notes make it necessary for Shanda to get some cash.

At the end of June, the online game operator had cash and the equivalent of just US$130 million, said Lu.


 12

(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 在线中文字幕视频 | 一级片免费观看 | 亚洲午夜在线观看 | 国产乱码久久久久 | 黄色在线免费视频 | 成人在线播放网站 | 美女黄色大片 | 草草国产 | 毛片网站免费观看 | 成人av片在线观看 | 亚洲欧美日韩色 | 综合久久网 | 亚洲国产精品麻豆 | 热久久最新 | 久久精品国产一区二区三区 | 欧美一三区| 成人小视频在线观看 | 久久久www成人免费毛片 | 亚洲影视精品 | 网址av| 在线看av网址 | 天天干 夜夜操 | 久久精品99国产国产精 | 国产精品一区在线免费观看 | 日本黄色激情视频 | 国产影视av | 99视频精品 | 欧美一及片 | 色小妹av | 日韩一区二区三区三四区视频在线观看 | 国产精品一区二区不卡 | 激情黄色片 | 久久久久 | 在线视频观看你懂的 | 亚洲最大福利网 | 午夜三级影院 | 久久综合精品视频 | 97国产精品久久久 | 一级片一级片一级片 | 黄页在线免费观看 | 日韩中文字幕免费在线观看 |