Shanda Interactive Entertainment Ltd. (SNDA) Message Board

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Technology Stocks : Shanda Interactive Entertainment Ltd. (SNDA)

SNDA 26.23

+1.7%

10:11 AM EDT

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From: JakeStraw	2/15/2006 7:56:34 AM
	of 31

Cisco Systems buys 9.7 pct of China's Shanda biz.yahoo.com Wednesday February 15, 12:53 am ET SHANGHAI (Reuters) - Networking equipment maker Cisco Systems (NasdaqNM:CSCO) has purchased a 9.7 percent stake in China's top online game operator, Shanda Interactive Entertainment (NasdaqNM:SNDA), according to a filing with U.S. regulators. Cisco disclosed its purchase of 13.86 million ordinary shares in Shanda in a filing to the U.S. Securities and Exchange Commission on Tuesday. 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. JPMorgan analyst Dick Wei said the share purchases occurred last year and included Cisco's acquisition of 6.93 million Shanda shares from Japan's Softbank.

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