Shanda spins off video games unit in $800m IPO
China Daily | Updated: 2009-09-05 07:41
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Shanda Games had revenues of $321.9 million for the first six months of the year. Bloomberg |
Chinese technology company Shanda Interactive Entertainment is planning to spin off its video games unit and raise as much as $800 million in an initial public offering in the United States, looking to follow in the footsteps of rival Sohu.com.
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