Renaud Laplanche
Shanda Group Boosts Stake in LendingClub to 11.7 Percent
| Rina S. | | May 24, 2016 11:47 AM EDT |
Singapore-based Shanda Group has upped its stake in LendingClub, giving the beleaguered company's stock a healthy fillip. Shanda Group acquired an 11.7 percent share in the online lending company. The purchase, along with shares and options, makes Shanda one of the largest shareholder in LendingClub.
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