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INTERVIEW-UPDATE 1-Shanda Games in acquisition talks with social, mobile game firms |
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| Date Added: June 07, 2011 07:56:39 AM | |
| Author: Melanie Lee | |
| Category: Mobile News Media | |
| Chinese game operator Shanda Games (GAME.O) is in acquisition talks with some social and mobile gaming firms in the United States and Asia, its chief executive said on Wednesday. Shanda Games, which reported market-topping first-quarter results on Tuesday [ID:nL3E7GV3IT] and operates online games such as "Mir 2" and "Woool" in China, is seeking to expand its overseas footprint and make a concerted push into social and mobile gaming. "We are definitely in talks with some of them," the firm's Chief Executive Officer Alan Tan told Reuters. "Companies like Renren have opened up opportunities for us to expand because if you look at Facebook as well, a key application is games," Tan said. Social networking site Renren (RENN.N) has been dubbed China's Facebook. Shanda Games hopes to see more than 20 percent of its revenue from international markets in two to three years, up from 5.4 percent currently. The firm's president told Reuters last month that it is planning to push into the United States, South Korea, Japan and Southeast Asia this year. [ID:nN02222409] Shanda Games will also be opening an operation base in Singapore in July or August this year and plans three more such bases internationally; one will be in Taiwan or Hong Kong, one in the United States and another in Europe. "We will bring our games operating platform to other countries," Tan said adding that the firm has not decided whether or not the operation bases in the United States and Europe would be set up by Shanda Games or bought from another company. Shanda Games, which used to lead China's online games market, has lost market share to Tencent Holdings (0700.HK) and NetEase.com (NTES.O) over the past year. Tan said he was confident of clawing back those losses this year as the firm has a strong games pipeline. Shanda Games plans to launch more than 10 self-developed social or mobile games and around six to seven more advanced games this year. The Shanghai-based company was spun off from Shanda Interactive (SNDA.O) after an initial public offering in 2009. (Reporting by Melanie Lee; Editing by Jacqueline Wong) ((melanie.lee@thomsonreuters.com)(+86 21 61041778)(Reuters Messaging: melaniest.lee.reuters.com@thomsonreuters.net)) Keywords: SHANDAGAMES/ (C) Reuters 2011. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world. source: http://www.reuters.com/article/2011/06/01/idUSL3E7H10KI20110601 |
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