Hi AppNewser readers - we're now a part of Mediabistro's SocialTimes.com. For more great App news, reviews, guides and tips, head over to InsideMobileApps.

Shanda Interactive Plans IPO for its eBook Division

Shanda Interactive, one of China’s largest media companies, has announced plans to take its eBook subsidiary, Cloudary Corp, public. Paperwork has bee filed, and is currently wending its way through the bowels of the SEC.

Cloudary Corp was founded in 2008 as Shanda Literature, and it currently consists of several literature websites as well as the Bambook eReader and eBookstore.

Shanda Interactive plans to remain the majority shareholder after the IPO. In related new, Shanda Interactive stock is up slightly on NASDAQ after the announcement.

via Shanda (PDF)

Related Stories
Mediabistro Course

Social Media 201

Social Media 201Starting October 13Social Media 201 picks up where Social Media 101 left off, to provide you with hands-on instruction for gaining likes, followers, retweets, favorites, pins, and engagement. Social media experts will teach you how to make social media marketing work for your bottom line and achieving your business goals. Register now!