Cisco buys slice of China game maker

Iria · Feb 15, 2006, 03:52 PM

Network gear maker Cisco Systems has purchased a 9.7 percent stake in China's top online game operator, Shanda Interactive Entertainment, 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.
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Read More / Source: ZDNet

Feb 15, 2006, 03:52 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Cisco buys slice of China game maker Network gear maker Cisco Systems has purchased a 9.7 percent stake in China's top online game operator, Shanda Interactive Entertainment, 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. ___________ Read More / Source: ZDNet