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ACQUISITION
FDN Database Reference: F231109-296
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
Contact 2: Diana Li, Chief Executive Officer, Shanda Games
Contact 3: Hai Ling, President, Shanda Games
Vendor: Mochi Media
Vendor Web: http://www.mochimedia.com
Location: USA, San Francisco, CA
Region: North America
Description: Mochi has 15,000 web-browser games and an international user base.
Category: Games
Contact 1: Jameson Hsu, CEO and co-founder
Contact 2: Bob Ippolito, CTO and co-founder
Contact 3: Justin Wong, Vice President of Business Development
Aprox. Value: $60 million in cash and $20 million in equity arrangements
Details: Shanda Games has made its first U.S. acquisition , buying online game firm Mochi Media for $80 million. Shanda Games also announced it would buy Shanghai-based online game developer Goldcool Games.
Link: Reuters
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