All Internet News. Shanda Couldn't Wait To Spend The Money: Shanda is using its IPO money on something that bears little relationship to its reason for asking for the money..

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Shanda Couldn't Wait To Spend The Money

Shanda is using its IPO money on something that bears little relationship to its reason for asking for the money.

In the last couple of weeks, the Chinese investing world got some surprising news. Shanda (SNDA), the upstart online games maker, announced that it had purchased a 20% stake in Sina.com (SINA), the well-established online Chinese portal...

Source: ChinaTechNews.com - Beijing,China

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