March 23, 2010 (FinancialWire) — Shanda Interactive Entertainment Ltd.’s (NASDAQ: SNDA) board of directors has approved a share repurchase program under which the company is authorized to repurchase up to $300 million worth of its outstanding American Depositary Shares.

China-based Shanda Interactive Entertainment offers a range of online entertainment content on an integrated service platform.

Shanda offers its entertainment content through its subsidiaries and affiliates, including Shanda Games, Shanda Literature, Hurray!, and various other online community and business units.

The company’s content ranges from massively multi-player online role-playing games and advanced casual games, to chess and board games, e-sports, literature, film, television, mobile ringtones and music, and others.

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