Hurray originally wireless value-added service providers, the Department of the NASDAQ listed company, in June last year by holding a grand network. Last November, Shanda and reached a value of 6 cool $ 44 million merger agreement with Shanda's shares Hurray replacement Ku6 all equity Ku6 be incorporated into Hurray. According to Shanda and Hurray yesterday disclosed the information together, Shanda will be $ 36,944,267 in cash purchase price of Hurray's recorded music and wireless value-added services and network based audio Hurray business as of May 31 adjusted cash balance. Subsequently, Hurray be renamed Cool 6 network, and also announced its acquisition of Grand Shanghai Art Sound Internet radio network technology company. Hurray for the capital market "change" Cool 6 network show welcome trend. After the news, closing price Hurray rose 16.31% to close at $ 3.78. In the past 52 weeks, Hurray maximum price $ 7.16, the lowest price at $ 2.22. This sought-after industry, said the results of the video concept and grand two months ago Hurray century position is almost the opposite. Informed sources said Shanda April 2010 annual meeting, Mr. Chen's plan for the subsidiary, is still referred to "the grand Hurray made wireless, wireless entertainment platform to the comprehensive transformation" of the direction. "Obviously the concept of capital markets for the acceptance of video sites, much higher than China and Friends of the century, the original business." Speed ​​transit network professional IT community, founder of Fan Feng said, "Through such a capital operation, Hurray listed companies shell house has become more imagination all the transformation of the video sites. Hurray original master of music and other resources in the hands of the value of 6 cool significantly less in the hands of a greater whole Shanda, and cool six of these things into cash later, is tantamount to traveling light. "