Top 5 News From ChinaKnowledge.comGeely's vehicle sales up 57.8% in Jan-MayGoldman Sachs cuts shareholding in ICBC to 4%China's CPI down 1.4% in MayExxon Mobil, PetroChina, CNOOC in talks on HK gas supplyWhirlpool enters China's refrigerator marketJun. 11, 2009 (China Knowledge) - Shanda Interactive Entertainment Ltd<SNDA>, China's leading online gaming operator, plans to purchase a 51% stake in wireless value-added service company Hurray! Holding Co Ltd<HRAY> for US$46.2 million, sources reported.
Pursuant to the agreement, a subsidiary of Shanda will open the acquisition offer at US$4 per American depositary share (ADS), representing a 25% premium to Hurray's closing price on Jun. 5.
The acquisition enables Shanda to enter China's wireless service market at the start of the boom precipitated by the advent of 3G services in China.
We believe that the two companies together can become a leader in digital entertainment, and that our complementary content, development platforms and user groups are advantageous for future development, said Wang Qindai, president of Hurray.
Shanda's takeover followed a failed bid by a Chinese investor group. In addition, in 2007, domestic TV production firm Enlight made a US$160-million merger offer that was not accepted.
I completely agree, I have that thguoht multiple times per day. But by just throwing that out there without an explanation, you've placed yourself among said stupid people. EXPLAIN YOURSELF SIR.
The issue of malaria in the rectivepse communities is a threat to the upcoming of under five children some adults. Therefore, we all need to work together to embrass the Free Health Care Initiative in fighting malaria.The news letter is good, it will help to updates people about the operation of St. John Hospital in Lunsar, Northern Sierra LeoneRegards!
I completely agree, I have that thought multiple times per day. But by just throwing that out there without an explanation, you’ve placed yourself among said stupid people. EXPLAIN YOURSELF SIR.
Hello,My name is Vandy Kamara and currently living and working ( studying) in Australia having settled here for the past four years. I went to the Huntingdon secondary school (HSS) Jui and a very proud product of that school. I would like to thank every one for still helping out there and providing the much needed help to my less fortunate brothers and sisters.I have tried over the years to get a diaspora old students association for the HSS jui but my efforts are getting me no where. I was wondering if there are any suggestions to get past students ( a lot out there) together and form this association with the aim of supporting the school back home. During my days at the school, we had students at the boarding home of the HSS from across West Africa ( Ghana, Liberia, Gambia etc) and I am sure we are scattered all over the world.Could someone help us with any suggestion/connection to keep the Jui school dream alive? Please feel free to contact me :nyaiyatta@yahoo.com ( Vandy Kamara, class of 82 â 87). My constant search through social networking sites actually led me to this Huntingdon Sierra Leone Mission site. Someone please help!
