Cisco Buys 9.7 Percent of Chinese Online Gaming Company Shanda

Cisco has made its second investment in an online/mobile gaming firm: it has bought about 9.7 percent of the biggest Chinese online gaming firm, Shanda. Cisco disclosed its purchase of 13.86 million ordinary shares in Shanda, according to an SEC filing.

It did not provide a purchase price for the shares, which would have a market value of about $104 million based on Shanda’s last closing price on the Nasdaq. The acquisition included 6.93 million Shanda shares it bought from Japan’s Softbank last year.

Last year, Cisco invested in Indian mobile gaming company Indiagames.

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