Chinese online gaming and interactive entertainment firm Shanda is divesting about $99.1 million worth of stake in the other Chinese online portal firm Sina….it is selling about 3.7 million shares it holds to Citigroup Global Markets. Following the sale, Shanda will still continue to hold 6.1 million Sina shares, representing approximately 11.4% of the issued and outstanding share capital of Sina.
Some more info in the release here.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post