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Shanda buys control of Internet firm

China's top online game operator, Shanda, has acquired a 19.5 percent stake in Chinese Internet media firm Sina Corp, the companies said on Sunday. ...

Shanghai-based Shanda Interactive Entertainment, together with its controlling shareholder Skyline Media, has acquired around 19.5 percent of Sina Corp's shares through open market purchases, officials and the companies' Web sites said...

Source: The Standard - Hong Kong
 
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