0515 Win-win

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Song Chen said with a smile: "I will send Alibaba e-commerce company to send a business team to France to complete the detailed negotiations!" ”

Son Zhengyi nodded, and said: "Goog1e and the additional shares, SoftBank Group will subscribe according to the proportion, and the funds can be in place at any time!" Before restarting the Chenxing Network share repurchase program, I will recall the mention of two years ago: I invite you to join the board of directors of SoftBank Group! ”

"It's an honor!" Song Chen didn't squirm either, and smiled directly, "I intend to set up a family fund with a total capital of $100 million overseas, of which we will invest $500 million in cash into the SoftBank Venture Fund as a reward for your green eyes on me!" ”

What is charcoal in the snow, this is it!

Although the stock price of Masayoshi Son and his SoftBank Group fell extremely miserably, from a historical point of view, although the tenacious and far-sighted Masayoshi Son was greatly injured, the cold wind of the Nasdaq did not blow him and the SoftBank Group across, and after the global economic recovery in 2oo2, Son's persistence was richly rewarded.

At that time, investment institutions that only care about short-term interests rarely have such vision and characteristics! When SoftBank Group encountered the biggest crisis since its establishment, SoftBank Venture Fund faced the threat of withdrawal from investment institutions, and Song Chen injected valuable funds into SoftBank Venture Fund at this time, which not only brought a huge wealth to SoftBank Venture Fund, but also brought the mysterious and influential signboard of "Song Chen"!

This is nothing less than a shot in the arm, and it is a strong support for Son himself.

The expression of surprise floated on the surface, but after all, Son Masayoshi was scheming, and just said, "Thank you very much for your support!" ”

"Although global technology companies have suffered heavy setbacks, I believe that there are opportunities in the crisis!" Song Chen said, "Although SoftBank Group has suffered setbacks in its stock price, it still has great potential and heritage, and rich equity resources are the huge capital of SoftBank Group, if we can cooperate deeply." SoftBank Group can also use this to repatriate some cash! ”

Son's seemingly friendly mention of Song Chen's noncommittal was noncommittal, but he only groaned slightly: "After the IPO of Chenxing Network, the shares held by SoftBank Group have been diluted from the original 4o% to 32%, and I plan to sell 3ooo shares of Chenxing Network's ADS at a price of 12 US dollars, reducing my stake to about 17%!" ”

Song Chen's eyes flashed and he fell into deep thought.

At present, the stock price of Chenxing Network has entered the range of $6-8, unless Chenxing Network throws out a strong profit plan, it is difficult to return to the price of $10 within a year! Son's offer was nearly double the market value. But Song Chen believes the acquisition is still worth considering.

It was just Son's next sentence that made him hesitate.

Son Zhengyi said in a deep voice: "But I still keep the original mentions: we don't want cash, I want to invest these shares in other unlisted subsidiaries of Chenxing at the corresponding price!" ”

Song Chen was silent for a moment and asked, "The investment scale of $360 million is too large, I hope it can be appropriately reduced!" ”

"It's not big!" Son Masayoshi said lightly, "Chenxing Games, Chenxing Entertainment, Chenxing Technology, Alipay, Paypa1, VA1Ve...... Even Chenxing software and Taobao can accept it! ”

"Huh!" Song Chen smiled helplessly, "You really value it!" ”

Son said cautiously: "The pattern of the Chenxing Group is extraordinary, under the premise that there is no cross-shareholding in the Chenxing system and the controlling parent company does not accept investment. I can only diversify my investments in the hope of getting a return! From an investor's point of view, this is easy to understand! ”

Song Chen groaned: "Alipay can't do it, the reason is the same as what I mentioned to you at the beginning; PayPa1 can accept partial investments; Chenxing Games and Chenxing Entertainment are two sides of the same coin. Here I have no shortage of honest sΓΉ to tell you, I intend to make Chenxing Entertainment an asset of Chenxing Network in the next few years! ”

As soon as Song Chen's words fell, Sun Zhengyi's eyes lit up, and then he felt a chill in his heart. I only feel that Song Chen's original investment seems to be arbitrary, but it seems that every step has been calculated accurately, and he can be described as an extremely smart person who calculates the agency!

"Chenxing Technology does not accept investment for the time being. VA1Ve, Chenxing Software and Taobao can accept ......," Song Chen said with a little regret.

One of the reasons why Song Chen let go of Paypa1's investment is that he intends to let Paypa1 be listed separately in the future, otherwise global regulators will put too much pressure on Chenxing Group! Chenxing Technology is the same, but before the company grows to the same influence as Apple before Song Chen's crossing, it will not attract calls for listing and regulation, and the company's positioning is actually the same as Chenxing Games, that is, "cash cow".

After such a circle, in addition to paypa1 giving Sun Zhengyi a surprise, Song Chen's accusation against the subsidiary made him depressed and helpless.

Sun Zhengyi stared at Song Chen with a smile, and the latter looked like the company was not short of money with a shy face, which really made Sun Zhengyi want to accuse the other party of being greedy, after all, Song Chen had just thrown out the sincerity of 500 million US dollars!

Son is quiet on the surface, but in essence, this fund is very important to him, who is under great pressure from shareholders! Still, the fact that it was able to take a stake in Paypa1, which was reluctant to accept investment at first, is still very good news for SoftBank Group.

"I hope to see the financial reports of Paypa1, as well as Chenxing Games, VA1Ve, and Chenxing Software as a reference for investment!" Son Masayoshi stared at Song Chen with a blazing gaze, "This investment involves a total amount of 200 million US dollars, and the remaining 160 million US dollars will be settled in cash, is it a deal?" ”

Song Chen smiled and nodded.

After reaching an agreement with Song Chen on the capital cooperation, Son's expression was obviously much more relaxed, but he suddenly said as if he remembered something: "By the way, you may not know, Miss Hayakawa submitted her resignation this morning, resigning from all positions in SoftBank Group, including the director of Alibaba Group!" ”

Looking at Sun Zhengyi's meaningful eyes, Song Chen's smile suddenly froze.

……

After acquiring part of the shares of Yahoo and SoftBank Group, China Chenxing Group will hold about 45% of the shares of Chenxing Network at that time, coupled with the upcoming share repurchase plan and Chenxing Game M&A plan, which is enough to ensure that most of the assets of Chenxing Network are enjoyed by China Chenxing Group!

As far as Chenxing Network Company is concerned, Song Chen can be said to have made use of all the opportunities available before and after the NASDAQ stock market crash, although afterwards it gives people a deep impression of being calculating, which is really far from the lustful smiling face before!

But for Song Chen, it is not difficult to make such a choice, it is much better than the impression of "Tencent"! Historically, before Tencent's listing in Hong Kong, the shareholding structure was 5O% each between the founding team and South Africa's MIH.

Later generations were indignant and sprayed "Tencent is a foreigner", which is somewhat reliable! But in fact, the reality is much crueler than ideal, because in China's history, Internet companies were basically held by foreign investors in the form of "VIE", and if you exaggerate the description, Internet companies are all "foreign" or "quasi-foreign".

The best and famous thing to do is probably NetEase CEO Ding Lei, even if he almost crashed NetEase in 2oo1 and his "early retirement" fake account incident, Ding Lei still holds more than 51 shares of NetEase.

In any case, this framework content agreement allows SoftBank Group and Chenxing Group to break through the cooperation at the capital level that began two years ago and enter a deeper strategic honeymoon period.

When the capital market learned of the content of the agreement and Song Chen announced that he would join the SoftBank Venture Fund, the stock price of SoftBank Group, which had fallen terribly, finally eased, but the market's wait-and-see sentiment was still very strong, and everyone was watching Son's next move.

Song Chen's acquisition of about 15% of SoftBank Group's shares, plus the previous 7% from Yahoo, in the face of Wall Street's "sitting on the sidelines" of doubts and accusations, China Chenxing Group's acquisition of shareholders' shares and ignoring the outstanding shares is really incomprehensible.

Perhaps the pressure on the capital market is too great, or perhaps Song Chen's "conscience is present", at a press conference with SoftBank Group, Song Chenci promised on behalf of China Chenxing Group: in the next two years, the total value of its three listed companies to increase their holdings of shares worth 500 million US dollars.

The stock increase plan is quite sincere, but the implementation period is a little longer, in any case, Ctrip, 8848 and Chenxing Network have shown a slight upward trend after the opening of the Nasdaq market.

After learning that the board of directors of Compass was interested in the acquisition of Alibaba's e-commerce company, Wu Jiong, who did not want his brother company to specialize in the United States, immediately organized a business team and prepared to go to France to negotiate the acquisition with the founding team of Compass.

On the other side, Tony? Fadell's commercial representative with Sony Music President Andy? After the management team negotiated the details of the cooperation, the agreement was finally signed on the last day of July: Chenxing Technology is the exclusive agent of Sony Music for tens of thousands of "digital music library" sales rights, consumers have certain restrictions on the use of Chenxing Technology after purchasing digital music, but in general, compared to the record giants themselves to make the so-called "B2C music website", the greed and lack of progress that emanate from every pore, the cooperation between Chenxing Technology and Sony Music is full of novelty, But the doubts of practitioners are also endless. (To be continued!)