Shanda Interactive and Ku6 Complete Asset Sale and Purchase
Shanghai, China and Beijing, China — August 17, 2010 — Shanda Interactive Entertainment Limited (“Shanda”)
(Nasdaq: SNDA), a leading interactive entertainment media company in China and Ku6 Media Co., Ltd. (formerly
named Hurray! Holding Co., Ltd.) (“Ku6”) (Nasdaq: KUTV), a leader in online video portal operations in China,
today announced that Shanda and Ku6 have completed the asset transactions entered into on June 1, 2010. Ku6
acquired 75% of an online audio business from Shanda in exchange for 415,384,615 newly issued ordinary shares of
Ku6 and acquired the remaining 25% from a minority shareholder in exchange for 138,461,539 newly issued
ordinary shares of Ku6. Shanda acquired Ku6’s recorded music and wireless value-added services businesses in
exchange for an aggregate of US$37,243,904 in cash.
About Shanda Interactive Entertainment Limited
Shanda Interactive Entertainment Limited (Nasdaq: SNDA) (“Shanda”) is a leading interactive entertainment media
company in China, offering a broad array of online entertainment content on an integrated service platform to a
large and diverse user base. Shanda offers its high quality entertainment content through its subsidiaries and
affiliates, including Shanda Games, Shanda Literature, Ku6, and various other online community and business units.
The broad variety of content ranges from massively multi-player online role-playing games (MMORPGs) and
advanced casual games, to chess and board games, e-sports, literature, film, television, mobile ringtones and music,
etc. By providing a centralized platform through which Shanda can deliver its own content as well as third-party
content, Shanda allows its users to interact with thousands of other users while enjoying some of the best
entertainment content available in China today. Shanda: “Interaction enriches your life”. For more information about
Shanda, please visit http://www.snda.com.
About Ku6 Media Co., Ltd.
Ku6 Media Co., Ltd. (Nasdaq