PiperJaffray: Repurchase will provide more flexibility for Shanda network development

October 17 Night, Shanda Network (SNDA. Nsadaq announced a non-binding letter of recommendation from Shanda Chairman and CEO Chen, which plans to buy 31.6% of its currently-not-owned company by 736 million dollars to achieve a 100% stake in Shanda's network.　　Piper Jaffray, the US investment bank, Jaffray the first time that it would be viable and would provide more flexibility for the company's development, the report said. Piper Jaffray analysts said the 41.35-dollar offer was attractive and feasible for a preliminary non-binding letter from the Chairman, CEO and CEO Chen to the company's board of directors. Piper Jaffray Investment Report also pointed out that in the long-term development perspective, Shanda Network is more suitable as a private enterprise, because compared with institutional investors, Chen Flyover is more able to withstand the losses caused by other incubation business. If the repo deal were to reach a final agreement, it would provide more flexibility for Shanda networks, such as strengthening the unified service platform and other emerging businesses, such as hatching games.