Shanda Games Tan: 200 million dollars will be invested next year for acquisitions

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Beijing Time July 27 news, according to foreign media reports, Shanda Games chairman and CEO Tan in Wednesday in an interview with Dow Jones news Agency (Dow Jones Newswires), said Shanda games are seeking opportunities in China and overseas markets, The company may spend 200 million dollars next year on acquisitions.

Shanda Game CEO Tan (Tencent Technology map)

Tan said the Shanda game is very interested in the ability of game development, or the company that can expand the distribution channel of Shanda games. Tan also said the company is highly likely to break its quarterly revenue record of 1.34 billion yuan (about 195.7 million U.S. dollars) this year. Shanda's revenues in the fourth quarter of 2009 reached a record of 1.34 billion yuan in the company's quarterly revenue.

Tan also said the Grand Game program promotes the relationship between social networking sites such as Renren and its large multiplayer online role-playing game. Shanda, for example, will allow users to display their game scores to third party social networking sites and plan to launch role-playing games based on Web pages.