Giant Interactive to take 25% 51.com stake for US$51m

Telecommunications, Media and Technology

Monday, August 04, 2008 19:37:48

	Giant Interactive to take 25% 51.com stake for US$51m By STAFF EDITOR Published: July 02, 2008 03:46 PM Giant Interactive (GA.NYSE), a Chinese online game developer and operator, is aiming to acquire a 25% stake in 51.com, a social networking website, for US$51 million, chairman Shi Yuzhu told China Business News. It has hired China Renaissance to act as a financial consultant on the deal. Ma Yun, CEO of ... You are currently reading 52 words of 160 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: business , china , US , online game , Intel , venture	More Articles in Telecommunications, Media and Technology > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Giant denies 9you.com takeover rumor Aerospace Communications to raise US$164m for weapon development Price for media paper continues to climb Sichuan emerges as LCD and plasma panel powerhouse Taiwan chipmaker's Shanghai unit eyes mainland listing SAAE to raise US$269m for two photovoltaic projects Shanda posts drop in net profit despite rising revenues

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