GIC buys Shanda Games stake; Shanda acquires US firm
The Government of Singapore Investment Corp purchased 5.4 percent stake in Shanda Games, China's second-largest online game company.
Citing a regulatory filing made after Shanda's initial public offering in 2009, Reuters reported the stake sale along with the online game company’s acquisition of U.S. firm Mochi Media for $80 million.
The U.S. acquisition will enable Shanda Games to diversify from operating multiplayer online role-playing games to gaining access to an international user base, as most of its users are in China, and to Mochi's portfolio of 15,000 web-browser games.
Shanda Games chief executive Diana Li told Reuters, "At this time we always keep our mind open to great opportunities in content and to strengthen our platform."
Over the last four decades, the government of Singapore and its people have built a city that is known around the world as being very clean, safe and a wholesome place to live and raise a family.
Predicting the future can be a notoriously tricky business.
Patricia Pascuzzo explores the many benefits of using 'strategic conversation' and scenario analysis to develop successful portfolio strategies.
Garry Hawker examines some of the latest thinking around risk factors, 'return drivers' and whether they are a more effective means of diversification versus an asset class approach.
Add your comment