Chapter 309: Acquisition of New Wolves

After that impassioned declaration, the stock price of New Wolf fell to $29 in the world of public opinion.

The next day, the regular daily meeting of the new wolf network.

Mr. Cao looked at the expressions of the board members, as if he had dug their ancestral graves, with a deep expression of hatred and bitterness, which made Mr. Cao extremely unnatural. - Damn, didn't you just say a few words, you usually criticize Lin Feng a lot, why do you look at me like this! I'm just saying what everyone thinks, but I just happened to be framed by a damn reporter!

The eyes of everyone on the board of directors looking at Mr. Cao were naturally full of resentment, the company's stock price had risen steadily all the way, and the situation was very good, but he criticized it, and the stock price immediately fell below 3 yuan, how can these board members not be annoyed. Their net worth is all in the new wolf network, the new wolf network has not made money in the past few years, and now it is hard to make money, how can they tolerate the new wolf network to return to the previous embarrassment.

"Okay, let's start talking about next week's work schedule. Mr. Cao glared at the group of shareholders helplessly. The shareholding structure of New Wolf Network is too dispersed, and as CEO, he only holds 7% of the shares, which is already the largest individual shareholder. It is precisely because of this that the new wolf network is established. Every shareholder meeting is no less than a U.S. election.

Eventually, the daily meeting passed out of boredom.

But after the meeting, Mr. Cao called the entertainment reporter who interviewed him.

"Hey, isn't our association meant to be anonymous, how do you do things? Mr. Cao scolded him.

"Mr. Cao has wronged me, but I am anonymous. The entertainment reporter was scolded by someone, but he was not in a hurry, but shouted injustice again and again.

"But the sentence you modified let everyone know my identity, aren't you causing trouble for me! Is there a reporter like you!" Mr. Cao was angry, because of this report, he was now extremely passive.

"It can't be helped. Am I just a young journalist? It's just a clerical error. Or. I'll write you a daoqian statement. What do you think?" said the entertainment reporter very "sincerely". But the tone makes people feel like they're playing a scoundrel.

Mr. Cao was speechless for a while. At this time, it is useless to write a daoqian statement that there is no fart, but there are no silver three hundred taels here. It was more obvious to tell everyone that it was him who Cao said about the land. Isn't that sending bullets to the "enemy" to hit himself!

Although Mr. Cao was extremely angry and dissatisfied in his heart. But the other party is willing to apologize. What else could he say? In Mr. Cao's view, it may be the other party's scoundrel means, but Mr. Cao is helpless. This time I can only suffer a dumb loss.

Fighting a lawsuit? Mr. Cao thought about it for a moment. and give up. Litigation with entertainment newspapers. It's always yourself who suffers. A dozen lawsuits. Winners and losers aside. The other party immediately became famous, and he was afraid that he would like you to go to court. The more the lawsuit is fought, the better it sells.

In the end, Mr. Cao could only make up his mind not to accept these damn entertainment reporters again.

At this time. Inside the headquarters of the "Second Shijie".

"What is Lin Dong going to do?" Hearing that Lin Feng wanted to clean up the new wolf net, Wu Zhaopu's heart opened.

"Hehe, Mr. Wu, I'm ready to buy New Wolf.com. Lin Feng smiled slyly.

Wu Zhaopu's eyes lit up. Compared with Sohu belongs to Zhang Chaoyang and NetEase belongs to Ding Lei, Xinwolf.com has become an ownerless "lonely ghost" because its equity is too dispersed, and it is also the only listed company that can be acquired by domestic portals.

"But I'm afraid that they will activate the 'poison pill jihua', which will make it difficult to acquire the new wolf network, and it will cause a commotion. Wu Zhaopu said worriedly.

The "poison pill" jihua, which has long been an ideal weapon in the stock market against hostile takeovers, was invented in 1982 by Martin Lipton, a well-known American merger and acquisition lawyer, and is officially known as "equity dilution anti-takeover measures".

In the most common form, the poison pill jihua is activated once an unapproved party acquires a large stake in the target company (usually 1 to 20% of the shares), causing the market to flood the market with new shares. Once the poison pill is triggered, all other shareholders have the opportunity to buy new shares at a low price. This can greatly dilute the acquirer's equity, which in turn makes the acquisition costly, thus achieving the goal of resisting the acquisition.

"Don't worry, I'm prepared for this. Lin Feng said confidently.

At that time, "Shanda" acquired Sina, but was hit by Sina's "poison pill" Jihua, and finally returned home. Although he later cashed out his shares and made more than $100 million from them, he did not meet his initial acquisition target. Lin Feng will not repeat the mistakes of the past, and he has more resources at his disposal.

Lin Feng muttered in Wu Zhaopu's ear for a while, and after listening, Wu Zhaopu gave a thumbs up and said that Lin Feng was shrewd.

Three days later, Li Zekai and Lin Feng completed the transfer of 1C% of TOMM.com's shares, and Lin Feng had $21.3 billion in his hands. Lin Feng once again contacted Abby Cohen, the chief analyst of Goldman Sachs, and entrusted Goldman Sachs to secretly acquire the shares of New Wolf.com.

In just three days, under the lightning acquisition of Goldman Sachs, Lin Feng owned 20 million shares of New Wolf Network, and spent $58 million to acquire 195% of the shares of New Wolf Network. However, this secret acquisition was finally discovered by the new wolf network.

"Mr. Cao, our company's shares have been bought by people. Yu Jun, chief financial officer of New Wolf Network, broke into Mr. Cao's office and said hurriedly.

"What, do you know who it is?" Mr. Cao's face turned dark and asked urgently.

"I don't know, but this mystery buyer has acquired 195% of our company's shares and has become the largest shareholder. The analyst also had a headache. He had exhausted all his power to investigate, but he could not find out who was behind it.

Yu Jun naturally didn't know that there was a shadow of Goldman Sachs behind this scene. With Goldman Sachs' status on Wall Street, it was too easy for Lin Feng to secretly acquire a listed company in the secondary market. It's hard to find out.

Mr. Cao's face suddenly became gloomy, and the unknown opponent was the most terrifying.

"Mr. Cao, what are you going to do now? Our management holds 11% of the shares, and the mystery buyer has become the largest shareholder. Although there are not many remaining shares left in the market, if he contacts other shareholders before the next shareholders' meeting, gets their support, and joins the board of directors, we will threaten!" Yu Jun looked anxious.

Mr. Cao was silent, thinking of countermeasures. However, even the opponent does not know who it is and how it can come up with a countermeasure.

"Mr. Cao, do you want to start the 'poison pill' jihua?" said Yu Jun, chief financial officer

Mr. Cao frowned. The "poison pill" Jihua is indeed the best way to deal with this kind of hostile takeover, but it is a double-edged sword, hurting the enemy and hurting oneself, if it is not necessary, it is best not to sacrifice this ultimate "killing weapon". What's more, now that the new wolf network has finally come out of the quagmire and laughed at other domestic portals, once the "poison pill" jihua is activated, I am afraid that it will fall into the quagmire again.

If there is no need for a moment of life and death, Mr. Cao is never willing to use this kind of move that injures a thousand enemies and damages eight hundred. The "poison pill" Jihua can only act as a deterrent like an atomic bomb.

"For the time being, there is no need to hold a shareholder meeting, we have launched an MBO (management buyout) jihua, which temporarily buys a part of the shares by itself, maintains control of the company, and waits to see what happens. Mr. Cao thought about it and said safely.

Subsequently, the management of New Wolf Network led by Mr. Cao spent 27.9 million US dollars to repurchase 9% of the shares of New Wolf Network, becoming the largest shareholder of New Wolf Network. Mr. Cao also held a press conference to announce the MBO action. The industry is a little inexplicable about the sudden launch of MBOjihua by the new wolf network, and they have speculated whether the new wolf network has reached a new round of equity change cycle (the new wolf network has too many precedents, so that many experts in the industry have already been a bit of a snake).

However, at the press conference, Mr. Cao only said frankly that this is a conventional means for the new wolf network to improve the financial situation of the new wolf network, enhance the executive ability of the board of directors of the new wolf network, and accelerate the development speed of the new wolf network.

In this regard, financial experts in the industry still praise it, after all, the shareholding structure of New Wolf Network is too dispersed, and it is always a good thing for the management to increase its shareholdings. It has a significant effect on the long-term development of the new wolf network. However, many financial experts always feel that it is not so calm on the surface, and there seems to be some hidden waves.

After Mr. Cao held a new press conference, he also began to pay close attention to the stock market of New Wolf Network to see if the black hand behind the scenes would jump out of the water. At this time, due to Lin Feng's covert acquisition and the repurchase of New Wolf Network, New Wolf Network shares have quietly risen to $311.

Lin, the management of New Wolf repurchased 9% of the shares, owned 20% of the shares, and once again became the largest shareholder of New Wolf Network. There are about 8% of the outstanding shares in the market, do you want to continue to acquire?"

"No, that's enough. Lin Feng smiled. I don't want to acquire Newwolf at one time, and the outstanding shares in the market only account for the total share capital of Newwolf.com, which is not enough to complete the acquisition. And once the upper limit of the "poison pill" jihua is exceeded, Lin Feng can be sure that Mr. Cao will definitely implement the "poison pill" jihua immediately regardless of everything, and the result of losing both sides is not what Lin Feng wants.

195%, just!

In the afternoon, Lin Feng held a press conference to announce that he had acquired 195% of the shares of New Wolf and became the largest individual shareholder of New Wolf.

This news was almost like a bolt from the blue, and all reporters were shocked on the spot! In the morning, Xinwolf.com just announced that the management of Xinwolf.com would repurchase 9% of the shares, and in the afternoon, Lin Feng announced that he had acquired 195% of the shares of Xinwolf.com, becoming the largest individual shareholder of Newwolf.com. If there is no connection between the two, they will not believe it.

Min's reporter immediately asked a question and asked Lin Feng if he had retaliated against the previous article signed "Analysis of a President in the Industry". Anyone with a discerning eye knows at a glance who the person who published this article is, and his identity has become almost an open secret.

"Hehe, I just think that the stock price of New Wolf is low now, and New Wolf has great development prospects, so I invested. Remember, this is an investment, not an acquisition. Lin Feng said slyly.

Although Lin Feng does not admit that it is an acquisition, it is just an investment, but for many reporters, this is no different from an acquisition. And in connection with the relationship between the previous two companies, the new wolf network snatched the agency of "Magic Baby" from the hands of the "second shijie", and repeatedly provoked the "second shijie", "a president of the industry" has just published an article against the "second shijie", in the past three days, Lin Fengbian suddenly announced the acquisition of 195% of the shares of the new wolf network, if this is not a retaliatory act, then this shijie will not retaliate.

Didn't you say that we didn't have enough money, so we bought your new wolf and proved it to you. ――Many reporters speculated that this was Lin Feng's heart.

Although Lin Feng has been biting the word "investment" and refusing to reveal more joy, for reporters, it is enough for them to use their imagination. You must know that this acquisition is the first in Asia in the stock market, a company acquires another company, plus the previous grievances between the two companies, this news has been speculated, why worry about the sales of newspapers!

However, all reporters selectively ignored the word "investment" that Lin Feng specially emphasized the pronunciation, and Lin Feng said "I" from beginning to end, not "second shijie".

As soon as the news of Lin Feng's acquisition of 195% of the shares of New Wolf Network spread, it immediately caused a heated discussion. The first to be shocked were many online game companies in the industry.

Is the "second shijie" a bona fide merger or a hostile takeover? If it is a bona fide acquisition, many online game companies that are already struggling to make ends meet may have no way to survive in the future.

Now, the "second shijie" "Legend" has killed role-playing online games, "Counter-Strike Online" has killed first-person shooter online games, "Audition: All-Star Cast" has killed leisure and entertainment online games, and the just-launched "Crazy Football" has begun to fully invade sports online games, and the only fertile ground for them to survive these second-rate online game companies on the market is 2D turn-based online games and 3D role-playing online games.

And these two types, the space is small, the market cake is limited, everyone is now desperate to grab the territory in these two remaining cake markets. If Lin Feng acquires the new wolf network. The 2D turn-based online game will definitely become the bag of the "second shijie", and by the way, it also has the first domestic portal, and the position of the "second shijie" in the game industry is even more unbreakable.

For these online game companies, there is only the 3D online game market left. But the whole game industry knows that "Second Shijie" is developing a 3D~ version of "Swordsman Romance Online", and once it comes out, it will be another tragic battle. Although the online game market relies on the quality of games, how can they compete with Lin Feng when there are no masterpieces coming out now, and they have no liquidity?

But if it's not a bona fide merger, but a hostile takeover, then things are even worse.