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Shanda Interactive Entertainment Limited (SNDA)

SNDA is defunct.
  • Feb. 28, 2012, 6:59 PM
    Though Chinese online gaming companies have underperformed in recent months, the market they operate in is still growing quickly. Analysys International estimates the companies generated $1.62B in revenue in Q4, up 8.2% Q/Q and 28.5% Y/Y. Tencent (TCEHY.PK) is the market's clear leader, with an estimated. 31% share. NetEase (NTES), Shanda (SNDA), Perfect World (PWRD), and ChangYou (CYOU) round out the top 5 with respective shares of 18%, 17%, 7%, and 7%.
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  • Feb. 14, 2012, 2:56 PM
    A majority of Shanda Interactive (SNDA +0.7%) shareholders vote to back a takeover bid from the CEO that valued the Chinese online game developer at ~$2.3B. With all closing conditions in the agreement now satisfied, Shanda says the parties expect to complete the deal as soon as possible.
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  • Nov. 22, 2011, 7:16 AM
    Shanda Interactive (SNDA) enters into a definitive agreement for CEO Tianqiao Chen to take the company private for $41.35/share, as proposed 5 weeks ago. Shares are halted after closing at $39.39 yesterday. (PR)
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  • Nov. 17, 2011, 2:25 PM
    Mobile app usage is taking off in China as well, with ABI estimating 5.5B apps will be downloaded in the country next year. Electronic Arts (ERTS) could be one beneficiary, given its efforts to provide Chinese-language support for its mobile games. Local online game developers NTES, PWRD, SNDA, and GA also have mobile ambitions (I, II, III, IV). (global forecast)
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  • Oct. 17, 2011, 3:16 PM
    Several Chinese Internet stocks are up on a down day after Shanda's (SNDA +16.9%) chairman offers to take the company private, raising hopes of similar deals for other firms. GA +3.8%. WZENY +10.4%. NTES +1%. CYOU +0.3%.
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  • Oct. 17, 2011, 6:59 AM
    Shanda Interactive (SNDA) receives $41.35/ADS offer from Chairman Tianqiao Chen. JPMorgan (JPM) may help fund the $2.33B deal. (6-K)
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  • Sep. 30, 2011, 9:56 AM
    Chinese Internet stocks continue to plummet  following yesterday's reports of DOJ, SEC, and FBI investigations into alleged accounting fraud. BIDU -6.2%. SINA -5.1%. SOHU -6.3%. SNDA -3.7%. YOKU -4.4%. TUDO -8%. RENN -7.5%. MOBI -5.3%. (also)
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  • Sep. 29, 2011, 11:10 AM
    Baidu (BIDU -9.4%) and Sina (SINA -13.1%) plunge on rumors the DOJ is investigating claims of accounting fraud at the companies. Other Chinese Internet stocks are also getting hit: SOHU -9.4%. YOKU -14.5%. TUDO -5.9%. PWRD -3.8%. SNDA -3.8%.
  • Aug. 31, 2011, 11:02 AM
    Shanda Interactive (SNDA) falls 5.8% after reporting Q2 revenue of $264.2M (+26% Y/Y) and EPS of $0.18, missing consensus by $0.6M and $0.08. Gross margin fell 3.2% Q/Q, driven by a collapse in gross profit for businesses labeled under "Other revenues." One of these businesses is Shanda's Ku6 video site, which Deutsche Bank warned would hurt results.
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  • Aug. 29, 2011, 5:26 PM
    Deutsche Bank is reiterating a Hold and $35 PT on Chinese online entertainment company Shanda Interactive (SNDA) ahead of its FQ2 earnings release, due after tomorrow's close. Deutsche Bank expects Shanda's results will come in below consensus due to losses related to its Ku6 video site.
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  • Dec. 1, 2009, 7:04 PM
    Shanda Interactive Entertainment (SNDA): Q3 EPS of $1.08 beats by $0.20. Revenue of RMB1.38B ($203M, +48%) vs. RMB1.35B ($198M). (PR)
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  • Dec. 1, 2009, 12:10 AM
    Notable post-market earnings: GAME, SNDA
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  • Sep. 3, 2009, 6:26 PM
    Shanda Interactive Entertainment (SNDA): Q2 EPS of $0.90 beats by $0.06. Revenue of $181M (+48%) vs. $179M. Hopes to raise $800M spinning off games unit in planned U.S. IPO. Shares -0.7% AH. (PR)
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  • Sep. 3, 2009, 12:10 AM
    Notable earnings after Thursday's close: SNDA, ZQK
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  • Jun. 3, 2009, 5:58 AM
    Shanda Interactive Entertainment (SNDA): Q1 EPS of $0.78 beats by $0.04. Revenue of $162M (+42%) vs. $156M. (PR) (~from Tues. evening)
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  • Jun. 2, 2009, 12:05 AM
    Notable earnings after Tuesday's close: HOV, SNDA, PAY
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Company Description
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