Jun Tang: Back In The Day, Shanda Rejected Yahoo

Apr 15, 2008
Sectors: Digital Media, Online Games
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Yahoo (Nasdaq: YHOO) offered to acquire Shanda (Nasdaq: SNDA) for $1 billion before spending the same amount to purchase stake in Alibaba.com (1688.HK) in August 2005, reports Sohu quoting former Shanda president Jun Tang at a press conference on Tuesday. According to Jun, Shanda CEO Chen Tainqiao rejected the deal based on a clause that would make Yahoo the controlling shareholder of the company within three to five years after the investment.

Jun Tang confirmed his intention to join Fuzhou-based Newhuadu Industrial Group Co., Ltd as president at Tuesday's conference.

Tags: 1688.hk, alibaba, chen tianqiao, e-commerce, gaming, internet, jun tang, newhuadu, online game, search, shanda, snda, yahoo, yhoo

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Jun Tang: Back In The Day, Shanda Rejected Yahoo
April 15, 2008: Yahoo (Nasdaq: YHOO) offered to acquire Shanda (Nasdaq: SNDA) for $1 billion before spending the same amount to purchase stake in Alibaba.com (1688.HK) in August 2005, reports Sohu quoting former Shanda president Jun Tang at a press conference on Tuesday. According to Jun, Shanda CEO Chen Tainqiao rejected the deal based on a clause that would make Yahoo the controlling shareholder of the company within three to five years after the investment. Jun Tang confirmed his intention to join Fuzhou-based…

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Jun Tang: Back In The Day, Shanda Rejected Yahoo

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