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Ginger,
Oct 10 21:59 pm
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All Comments by Chimin Sang »Construct a Hedged Position with Shanda Interactive and Shanda Games [View article]
SNDA's carve-out of GAME is very well thought out. The real purpose of this transaction goes way beyond stock prices of GAME or SNDA. What appears to be an IPO for Shanda Games is actually to tap into the capital market to fund some bold transactions in the content business, which would not make its own way into the IPO market.