Shanda to buy 58% of web video sharing business ku6

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
ACQUISITION 
FDN Database Reference:  F231109-251
 
Acquirer:  Shanda Interactive Entertainment Limited (NasdaqGS: SNDA)
ACQ Web:  http://www.snda.com/EN/investor/overview.html
Location:  China, Shanghai
Region:  Asia
Description:  Interactive entertainment media company
Category:  Media: Games: Entertainment
Contact 1:  Tianqiao Chen, Chairman of the Board and Chief Executive Officer
 
Vendor:  Ku6.com
Vendor Web:  http://www.ku6.com/
Location:  China
Region:  Asia
Description:  Web2.0-based online video website
Category: Video sharing
Contact 1:  Mr. Shanyou Li, Chief Executive Officer
  
Aprox. Value:  $44,000,000
 
Details:  Shanda Interactive Entertainment Ltd. has agreed to acquire a 58% stake in Chinese video sharing website Ku6.com for $44 million.
 
Link: PE Hub

 

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