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: 久久成人激情 | 日韩视频在线观看一区 | 欧美爽爽爽 | 成人黄色一级片 | 中文字幕av观看 | 亚洲综合av网 | 国产一区二区三区高清 | 香蕉视频最新网址 | 久久久极品| 久久黄色网 | 久久久久97 | 国产精品久久久久av | 日韩免费在线视频观看 | 在线视频这里只有精品 | 高潮毛片无遮挡 | 在线观看国产成人 | av中文天堂 | 在线观看免费黄色小视频 | 亚洲黄色激情 | 欧美日韩第一页 | 国内精品99 | 久久久www成人免费毛片 | 久久99亚洲精品 | 亚洲不卡影院 | 911香蕉视频 | 黄网在线播放 | 国产日韩成人 | 欧美久久久久久久久中文字幕 | 在线免费a视频 | 99久久精品国产一区二区成人 | 日韩女优网站 | 一区二区三区不卡在线观看 | 午夜伦伦 | www日韩在线 | 欧美色悠悠 | 丁香婷婷六月天 | 国产精品久久久久久久久久免费 | 天堂网亚洲 | 95视频在线观看 | 免费看黄色一级视频 | 51精品 |