Shanda Interactive Plans Acquisitions

Shanda Interactive Entertainment (NASDAQ: SNDA), China's biggest online game operator, is going to use its $1.6 billion cash pool for acquisition of digital entertainment firms and game developers, CEO Wu Zhaopu has disclosed. The Shanghai-based firm's third-quarter revenue rose 12% quarter-on-quarter and 47% year-on-year to $202.5 million, buoyed by its spun-off online game division (NASDAQ: GAME) that contributed $186.3 million over the period. Net earnings jumped 29% to $64 million for the three months through September.