Since there was no press conference.

It's just a letter from the company.

Therefore.

Tang Qing's proposed acquisition of ARM is known to a small number of people.

And almost everyone in the know thought that Tang Qing was overconfident and wanted to 'win glory for China', but they didn't take it seriously, and Tang Qing's acquisition in the stock market made many people moved.

They believe that it is impossible for Tang Qing to acquire ARM.

Because this is a Chinese enterprise.

Regardless of the technological blockade of China by Western countries, the major semiconductor giants alone will not agree.

Once the acquisition fails.

Or maybe Tang Qing thinks it's impossible to succeed.

will definitely sell their stocks and then leave the market, therefore, this wave of rising market, without any actual support, is just an occasional event, in this case, why not make a profit.

The results of this analysis.

It was exactly what Tang Qing wanted.

After all, if you can save a little, you can save a little, ARM's stock price is now pushed up, and the acquisition of ERV is also a waste, and the role that Tang Qing wants to play is that of a passionate acquirer.

Thereupon.

In the context of this general agreement.

Institutional investors did not continue to exert force, and the rally of ARM's stock price stopped, but the huge buying was hanging every day, rising by 15% this week, and the latest day's price retreat stimulated many people.

That's it.

In the buying and selling of everyone's jokes.

Tang Qing's company continued to absorb chips, and then continued to propose acquisition intentions to ARM, and the offer rose from $2 billion to the current $2.5 billion, which annoyed ARM.

It's all said that it won't be sold.

And again and again.

Even if it is sold.

They will not sell to Huaxia's company, but at the same time, they are in a good mood, at least, Tang Qing raised the purchase price, which also means that the company's valuation is improving.

The stock price also rose by more than 10 percent.

Therefore.

It's also a beautiful trouble, just like that, from another point of view, ARM found that Tang Qing's wave of operations was beneficial to the interests of their company, so there was no such big resentment.

But acquisitions.

Don't think about it.

。。。

September 14th.

United States.

New York.

Negotiations for ERV's strategic financing have begun.

It is different from Tang Qing's low-key acquisition of ARM.

ERV announced the strategic financing plan to the media in a high-profile manner, and the media from various countries rushed to report on it.

"ERV Announces First Round of Strategic Financing, with the Participation of a Number of Internet Companies and Investment Banking Groups, After Sequoia Capital's $5 Billion Purchase of 50% of ERV's Shares Was Rejected. --- Associated Press.

"Apple will participate in the ERV strategic financing, ready to invest two billion US dollars, ERV chairman expressed interest, this morning opened, Apple received this good news, up 1.7 percent. --- Reuters.

Warren Buffett said that if ERV goes public, he will put up a billion dollars for equity investment. --- The Times.

"ERV Opens the Road to Financing, Is the Next Internet Myth Born?", --- Xinhua News Agency.

《。。。。。。 》

Strategic financing.

It is different from general financing.

Strategic financing is to introduce new shareholders by selling shares or share swaps for the development of the company when there is no shortage of working capital at all.

Financing for the purpose of entering into strategic partnerships.

Plainly.

It's that I'm not short of money.

But I feel that you, as a shareholder, are helpful to my company, and I can allow you and me to carry out a certain degree of share trading, and under the premise of win-win, the two sides can reach a strategic cooperation.

The message is out.

The cows, ghosts, snakes, and gods all jumped out.

Rumors are also flying.

Some people say that the chairman of ERV is ready to sell 80% of the shares this time in exchange for cashing out the funds. Some people say that ERV's introduction of strategic investment is the result of being threatened by major giants and finally compromised.

There are even rumors that ERV overstated its accounts and its profits were not that high.

The truth of these statements is not known.

But.

Everybody knows one thing.

That is, ERV has finally taken that step, with the powerful gold source of "War", as well as the groundbreaking live broadcast software operation method, coupled with its own excellent network technology, it will definitely be a giant in the future.

That's it.

ERV dominates the global financial news of the day.

Many journalists are waiting at the ERV door for first-hand news.

。。。

Available at ERV headquarters.

The first phase of the negotiations reached an 'impasse'.

"That's impossible, if you do the math, ERV's valuation has exceeded $50 billion, and before that, our Sequoia Capital valuation was also around $12 billion. ”

After listening to the fighter's financing plan, the person in charge of Sequoia Capital instantly became anxious.

Just in the beginning.

When they heard about the scale of the 10 billion dollar strategic financing.

A lot of people laughed.

Because this means that ERV will take out a large part of the shares for financing, they have been coveting it for a long time, but the reality is far from what they think, and others are only willing to give 20% of the shares.

This represents:

ERV's self-valuation has reached $50 billion, which is completely a lion's mouth, and this opening, especially big, is so big that they can't accept it at all, and the current dollar is very valuable.

"Sir, we all cooperate with sincerity, and we do not see the slightest sincerity in your offer. Representatives of Samsung were the second to jump out against it.

"It's just that it's total blackmail. SoftBank's representative was the third to speak.

"If that's the case, there's no need for our negotiations to continue. "Apple fourth.

“。。。 ”

At the negotiation table, 'excessive language' has always been a strategy, or a necessary 'lubricant', how can such an important negotiation be thrown away in a few words.

Inside the conference room.

One by one, the warriors had too much appetite.

But the ass is sitting firmly.

The warrior's face does not change color.

Play psychological warfare.

These so-called experienced guys are not enough to see at all, the valuation of 50 billion US dollars, of course, is a lion's mouth, but it is not unfounded, at most it is a part of the premium.

"Everyone, listen to me. ”

The warrior pressed his hand, and the powerful momentum and eyes made the representatives of various companies immediately stop.

In particular, the manager of the IDG Group.

He'd learned his bargaining skills.

Originally, IDG wanted to take a stake in ERV. Eventually, a joint venture was formed into a joint venture technology company, which is now a well-known company in the industry, undertaking a number of classified software projects for the U.S. military.

"Our valuation, do you think it is overestimated, please read this document, this is part of the ERV's secrets, please do not spread it, we will announce it at the right time. ”

After speaking.

The warrior gave a vice president a look.

The fighter began to hand out documents to the representatives of various companies, and after a few moments, the room remembered the constant exclamations, and the first thing that caught my eye was the overview of ERV's assets.

That long list.

As many as thirty-five companies in the directory, their hearts jumped, and it was not the number of companies that surprised them, because this had been investigated before, and there was nothing to be surprised about.

They were surprised.

Behind this directory, after the name of each company, a valuation of not low is added, less than one or two billion, more billion, of which the first is ERV Game Company.

That is, the only game it operates, "War".

The valuation is $20 billion.

After looking at the third-quarter earnings report in advance, they felt that this was also a conscience price, and there was no lion opening his mouth, if according to the above, the after-tax profit of "Warfire" in 06 would exceed 1.8 billion US dollars.

Such profit margins.

For a company that has only been around for a little over a year.

It's not crazy.

In second place is the live streaming software, which was spun off from the game company and operated independently, although it has been online for a short time, its monthly profit has exceeded 20 million US dollars.

If on track, ERV estimates that the annual profit will not be less than $500 million, so the company is valued at $8 billion, which is a bit inflated, but the prospects are good and not excessive.

As for the third-ranked United Technologies Corporation, which is also a company that cooperates with IDG, it was valued at $7 billion, which, after reading the introduction, it seems. It's not too crazy either.

Because ERV takes the optimization algorithm into account.

After working with this company for so long, ERV has authorized them to use this algorithm to optimize their games and programs, as well as other optimization projects, and also generate a profit of $100 million a year.

Considering the value of algorithms.

Coupled with the fact that it has undertaken a large number of high-profit military projects, it counts... It's a terrible cheat.

They find that their minds are following the words.

They are here to lower the price, not to nod and send money, after reading it quickly, suppressing the shock in their hearts, they are ready to 'theorize' with the fighters, but unfortunately, the momentum is broken by the data, and it will be difficult to repair.