Hearing the sound of Roux coming in, Lin Feng turned around. Pen & Fun & Pavilion www.biquge.info

He smiled, took a few steps forward, and held out his hand: "Roux, hello! I'm Lin Feng. I'm sorry to let you run so late. ”

Rox also smiled and shook hands with Lin Feng: "It's okay, I'm very honored to be invited by Chairman Lin." ”

The two of them sat down on the sofa in the living room.

Lin Feng opened the cigar box on the table and asked Rox, "This is the Cohiba 03 Collector's Edition given to me by a friend, do you want one?" ”

"Sure, an Esplendidos."

The two lit their cigars and smiled at each other.

Lin Feng said first: "Roux, I haven't congratulated you yet, today Tencent went public, and MIH became the biggest winner, this is really a very perfect investment!" ”

Rox's body tightened slightly, but he didn't expect Lin Feng to get to the point so quickly: "Thank you, investing in Tencent is indeed the most satisfying decision I have ever made." ”

Lin Feng smiled and asked, "So, Mr. Roux, are you interested in making a new investment?" ”

Rox was a little unsure of what Lin Feng meant, his face turned pale, and he looked at Lin Feng: "Of course, I am very interested in any valuable investment. I don't know what Lin Dong is referring to? ……“

Lin Feng stretched out a finger: "10% of Fengxing's shares, plus 3 billion Hong Kong dollars in cash, in exchange for 37.5% of Tencent's shares held by MIH Company." Roux, what do you think of the investment? ”

Rox was shocked.

It turns out that Lin Feng is really eyeing Tencent!

He wants to buy Tencent!!

He stabilized his mind for a while, and unconsciously calculated quickly.

MIH's current 37.5% stake in Tencent shares is worth HK$2.325 billion based on its current market capitalization. Lin Feng offered a cash price of 3 billion Hong Kong dollars, a premium of 30%, which is quite sincere.

The 10% stake in Fengxing is even more precious.

Rox has conducted in-depth research on China's Internet industry.

Fengxing Online is currently one of the best enterprises in China's Internet industry.

After the traditional three giants "Sina, Sohu, and NetEase" were depressed by the Internet bubble around 2000, although they have improved in the past two years with wireless value-added services, online advertising, and online games, they have lost their dominance and influence in the industry.

Today's Internet in China, the most eye-catching are Lin Feng's popularity, Chen Tianqiao's Shanda, and Ma Huateng's Tencent.

Among them, Fengxing is clearly ahead of the three.

Of course, perhaps Baidu and Alibaba should also be added. These two companies are also leading companies in search and e-commerce today.

And, unlike several other companies.

Fengxing only received one round of financing in the early stage, receiving $15 million investment from Baring Private Equity Asia and IDG, and after that, Lin Feng continued to use his clever financial skills, using the funds cashed out after the listing of another company, Menglong, to continuously increase the internal capital of Fengxing.

Even the original investors, Baring Private Equity Asia and IDG, have now diluted their stakes to less than 5%.

As a result, Fengxing has more than 2.4 billion yuan (US$300 million) in cash reserves. From the perspective of cash reserves, it is already comparable to a listed company.

At the same time, several cash cow games under Fengxing, which can be called "cash cows", are still creating huge revenues of more than 100 million yuan for them every month, and their subsequent development is not worried about the lack of financial support.

It is no exaggeration to say that Fengxing is now the most coveted by investment institutions in China's Internet market, but it is also the most difficult company to invest in.

Regardless of the price of 10% of the shares, it is very exciting to be able to take a stake in the popular and share the benefits of its growth.

What's more, Fengxing has not yet been listed.

If it goes public, 10% of the shares of Fengxing will have more than 10 times more profit growth space!

Rox licked his lips unconsciously, this is really a big pie, he can't help but be moved!

Lin Feng's style of acting, as rumored, is simple and direct, but it is irresistible and amazing.

But Tencent ......

Thinking of Tencent, Rox regained some clarity, and he asked tentatively: "Lin Dong, it is undeniable that this deal you proposed is a very attractive proposal, can I ask, why do you want to get Tencent?" …… As far as I know, Fengxing should now be a competitor to Tencent. ”

Lin Feng smiled: "Roux, you also said that Fengxing and Tencent have now become competitors. I don't want to see the next two companies' resources wasted in each other's vicious competition, so it is only right to carry out acquisitions, mergers, eliminate competition, and take advantage of the current dominant positions of the two companies in their respective fields in the domestic market to expand and develop rapidly. ”

There was nothing wrong with that, and even Rox could only nod in agreement.

For Tencent, including Rox, MIH executives and directors are very confident, as a wholly-owned company of South Africa's century-old multinational media group Naspers Limited, MIH adheres to the controlling shareholder's attention to the Chinese market, they found through research and analysis, Tencent's QQ is the most likely to develop into an Internet platform-level product, and the founding team and management team are also a group of very outstanding talents, so in 2001 Tencent was the most difficult time, Generously donated money and invested a lot of shares, and sure enough, in just 3 years, it was rewarded handsomely.

Just today, Rox also reported to the board of directors of the South African headquarters that after the listing, Tencent has the funds for expansion, and is very optimistic about Tencent's future development, and recommends that the company continue to hold Tencent shares, believing that the current stock price is far from reflecting the future value of Tencent.

Even Rox is still considering whether Tencent needs to help Tencent demand financing methods such as bond issuance in the international capital market if the funds raised by the listing are not enough, so as to help Tencent expand its strength.

But now, Lin Feng has appeared in Hong Kong.

And give Rox another option, which is also another possibility.

With the acquisition of Tencent by Fengxing, MIH can get a stake in Fengxing and at the same time recover more than 10 times the return on funds compared to the investment in Tencent back then.

How to choose?

Rox continued to ask: "If, I mean, if ......, MIH doesn't agree to this deal, what will you do?" ”

Lin Feng shook his head: "That will be a very regrettable result, Fengxing now indirectly holds nearly 20% of Tencent's shares, and will announce the official launch of the acquisition of Tencent, and send an offer to the Tencent board of directors." ”

Rox's face changed drastically, this is going to carry out a hostile takeover?

Tencent has just been listed today, and it is still an infant baby, and it does not yet have the ability to fight viciously in the capital market for the time being!

Rox had a bitter face: "This is not a good choice. ”

Lin Feng nodded in agreement: "Yes, Roux, this is not a good choice, I believe that neither me nor you want to see this happen." So, that's why I'm here tonight to meet you. ”

Lin Feng stared at Rox's eyes and said in a deep voice: "Roux, I'm not modest to say it, Fengxing Online is currently in the forefront of China's Internet industry, and after the launch of FF, the integration of the business has been nearly completed, and a large Internet platform with 150 million users has been formed. Moreover, the business model is very similar to Tencent. Also, don't forget, I also have a Menglong technology company that ranks first in the field of wireless value-added. ”

"If Tencent and Fengxing are allowed to compete in all aspects, it will not be beneficial for both parties. There is an old Chinese saying that if you kill a thousand enemies, you will lose 800. As the majority shareholder of Tencent, MIH holds 37.5% of Tencent, and its interests will also be harmed. On the other hand, if Fengxing acquires Tencent, the two businesses will soon be able to integrate and become a giant company in China's Internet, perhaps at that time, Fengxing's 10% stake will be worth far more than Tencent's current 37.5% stake. It's a very good business for MIH. ”

Lin Feng's words made Rox nod again.

He lowered his head and thought for a moment, then raised his head and said, "If Fengxing Company's acquisition of Tencent is successful, how is Lin Dong going to arrange for Ma Huateng and other Tencent founders?" “

Although MIH is the majority shareholder, the founders and management team such as Ma Huateng together still hold 37.5% of the shares, and if the founders and senior management team cannot be properly arranged, more than 75% of the votes for major matters will not be passed at the shareholders' meeting.

Lin Feng said with a smile: "To be honest, I admire Ma Huateng very much, he is the best product manager in China, I can promise that after the acquisition of Tencent, Tencent's founder and senior management team will still hold the current position, I will not make adjustments, and even Ma Huateng can still serve as the CEO of Tencent, I only need to enter the company's board of directors, and I will serve as the chairman of the company's board of directors." ”

This plan was unexpected by Rox, who didn't expect Lin Feng to recognize Ma Huateng and other Tencent executives so much.

Moreover, it also shows Lin Feng's courage, he dares to do this, obviously confident that he is better than everyone else in Tencent in terms of strategy and overall situation.

Rox looked at the young man in front of him, who was almost 20 years younger than himself, and couldn't help but feel a little broken.

No wonder Lin Feng has repeatedly created business miracles since his debut, and he really has his outstanding side.

After some conversation with Lin Feng, deep in Rox's heart, he was already a little loose. Accepting Lin Feng's proposal and acquisition plan seems to be more beneficial to MIH in every way.

It's just that on such a major matter as the sale of Tencent shares, although he has a certain right to speak, he has no right to decide.

Rox said: "Lin Dong, thank you very much for your openness and honesty, I feel the sincerity of you and Fengxing...... I am personally cautious and optimistic about this matter, but I must truthfully report your proposal and acquisition plan to the company's headquarters, and the board of directors will make the final decision." ”

Lin Feng stood up and shook hands with Rox with a smile: "I understand, thank you, Roux, thank you for your attitude, this is also very important to me." I also hope that this acquisition will be a good deal for all parties, and I reiterate that I hope that this will be a bona fide takeover and not end up being a hostile takeover. ”

Rox also got up, shook hands with Lin Feng, and said with a smile: "I hope so too." ”