Shanda Games Slates “LOI” New Expansion for 9/9

Shanda Games (Nasdaq:GAME) plans to launch a new expansion pack of its in-house developed 2D MMORPG fantasy novel adaptation Legend of Immortal on September 9 to coincide with the start of open beta testing for the game, reported August 1. Shanda Games had previously announced plans to release the expansion in the third quarter of this year.

The company expects to spend up to $500 million in investment and acquisition deals this year, compared with $200 million last year, Guangzhou Daily reported separately citing company CEO Alan Tan. Previously, Tan had told the Wall Street Jouranl that Shanda Games is looking to limit aquisition spending next year at around $200 million.