SHANGHAI, China, Sept. 19 /Xinhua-PRNewswire/ -- Shanda Interactive Entertainment Limited (Nasdaq: SNDA), or Shanda, a leading interactive entertainment media company in China, announced today that Skyline Media Limited, or Skyline, the controlling shareholder of Shanda, has entered into an agreement with UBS Securities LLC, or UBS, for the sale by Skyline, pursuant to Rule 144 under the Securities Act of 1933, as amended, of an aggregate of 4.57 million ADSs of Shanda. Following the sale, Skyline will continue to hold more than 50% of the issued and outstanding share capital of Shanda.
About Shanda Interactive Entertainment Limited
Shanda Interactive Entertainment Limited (Nasdaq: SNDA) is a leading interactive entertainment media company in China. Shanda offers a portfolio of diversified entertainment content including some of the most popular massively multi-player and casual online games in China, along with online chess and board games, network PC games and a variety of cartoons, literature works and music. Shanda’s interactive entertainment platform attracts a large and loyal user base, of which more and more is coming from homes. Each user can interact with thousands of others and enjoy the interactive entertainment content that Shanda provides. Interaction enriches your life. For more information about Shanda, please visit http://www.snda.com .
For more information, please contact:
Maggie Yun Zhou
Investor Relations Manager
Shanda Interactive Entertainment Limited
Tel: +86-21-5050-4740 (Shanghai)
Email: IR@shanda.com.cn
Crocker Coulson (investors)
CCG Elite
Tel: +1-310-231-8600 (USA)
Email: crocker.coulson@ccgir.com
Elaine Ketchmere (media)
CCG Elite
Tel: +1-310-231-8600 (USA)
Email: elaine.ketchmere@ccgir.com
