Chimin Sang

Construct a Hedged Position with Shanda Interactive and Shanda Games

Ginger,

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.

Shanda Games Spinoff: Good Move for Shanda Interactive

Use cost to the related party divided by revenue in the income statement.


On Sep 29 02:43 PM IJR wrote:

> Interesting article. Where do you find the info on GAME paying 20%
> of revenue to use the SNDA platform? In the filings, I see reference
> to a 15.5% service fee, and also a variable percentage on sales of
> the debit cards. Thanks for any further information.