0444 Acquired ZOL and took a controlling stake in Huayi
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Schmidt, who had just lifted his buttocks, sat back on the sand, covered his mouth with his hand and stared at the delicate and bright woman in front of him for a moment, and then asked, "You know, if it involves confidentiality, I won't sue you!" Unless you have a way to move the boss! ”
Ashley? Fanning smiled lightly: "If he will sue me, I don't think I need to ask you!" Rest assured, it's not a particular secret to keep! ”
"So, what do you want to know?" Eric? Schmidt asked.
"Chenxing Network acquired the Chinese 163.neT and bought back shares from Yahoo, is the next step to take advantage of the 'Nasdaq massacre' to acquire and restructure those interested and troubled Internet companies?"
Eric? Schmidt asked with interest, "Miss Fanning, are you ...... now?" Is it an interview? ”
"Huh?" Ashley? Fanning shrugged, noncommittal.
Eric? Schmidt shook his head and smiled: "Although the American Chenxing Network is in the same building as us, it does not belong to the American (Chenxing) Group after all, and I can't sue you for this issue because I am not in charge!" ”
Ashley? Since Fan Ning is Song Chen's woman, she doesn't know everything about the structure of the Chenxing Group, but at least she is familiar with it! Knowing that Schmidt would not take the initiative to inform this question, she didn't care either, and the reason why she asked knowingly was nothing more than to lead to the next question.
"So, can you reveal whether Chenxing Network has plans to buy back shares from the majority shareholder SoftBank Group?"
Schmidt glanced at her vigilantly, and said with a smile: "I have already said that I am not the person in charge of China Chenxing Group, so I can't answer this question!" If Miss Fanning really wants to know the answer, I think it's a phone call! ”
Ashley? Fan Ning glanced at the other party in frustration, and was disappointed in his heart: he originally planned to buy some Chenxing Network shares in advance and make a short-term transaction, but now it seems that the prospects are not particularly clear!
The key is that she doesn't know how much the price of the American Depositary Receipts of Chenxing Network Company has fallen before Song Chen will make a move...... If she is too early, she is not at a loss? That damn man, he's so stingy, he won't reveal a little inside information!
"So, what about Chenxing Technology......"
"No comment!"
……
Chenxing Network was listed at the end of September last year, when the Nasdaq was at its craziest, and the market price was only $2.5, but it closed at $18.7 on the same day. Before the collapse of the Nasdaq stock market, the highest stock price of Chenxing Network reached $48.37, with a market value of nearly $10 billion, and then gradually hovered between $3O and $35...... Despite this, this achievement is a miracle for many traditional enterprises.
In 1999, it was a "crazy" era, and the NASDAQ doubled in that year!
In the year 2ooo, the carnival feast came to an end, and the CEOs who were still intoxicated by the miracle of getting rich overnight still vowed that their websites were about to make a profit, but they invariably handed over the results that made all investors extremely uneasy.
The stock prices of 8848, Chenxing Network and Ctrip were not only cut down, but in addition to a few bright spots in Ctrip, the stock decline of 8848 and Chenxing Network is still difficult to contain. Looking at the entire capital market, the voice of bankruptcy and bankruptcy has endured for a long time.
Yahoo was lucky, Yang Zhiyuan and David? Ferro created the Yahoo model that laid the foundation for the entire Internet economy, and the company went public in 1996 and began to make a profit the following year...... It can be said that Yahoo is one of the few Internet giants with a solid foundation, which allowed it to survive the Nasdaq crisis without danger.
Before the listing of Chenxing Network, Yahoo invested 50 million US dollars to obtain 12 equity and 12 voting rights to be given away! Yang Zhiyuan's move received numerous praises and reputations at the time, and Yahoo was once very proud, Yang Zhiyuan not only boasted of the success of Chenxing Network, but also praised googLe as the world's greatest search engine.
After Chenxing Network went public, Yahoo held 9.6 shares, and later sold about 42O shares of ADS in the price range of $21-23, making a huge profit, while retaining 7.5 shares.
The Nasdaq stock market crash caused investors to boil over in the form of a sudden shock, and cash equivalents such as bonds, stocks, and investments instantly depreciated sharply, although they were not seriously damaged, but they were also taken off guard. Coupled with the aggressiveness of Chenxing Holdings in the online advertising market, Yahoo, which regards online advertising as its core interest, finally rejected Song Chen's olive branch and chose to go against Chenxing.
In this context, on May 18, Ashley, who was jokingly called the "public relations spokesperson" of the American Chenxing Holdings? Fanning threw out a bombshell news that can be called a huge impact on "Science and Technology Humanities":
Chenxing Holdings acquired googLe and the remaining Chenxing network ads from Yahoo at a premium of 150 million and 200 million US dollars, respectively!
This news is very influential, not only because Chenxing Holdings, as an influential Internet group, "expresses" its confidence in the Internet industry in the form of a buyback, but also because of Chenxing Holdings' actions, everyone who is frightened about the current economy will ask themselves:
Is the time ripe for dipping?
The answer seems to be quite optimistic, as soon as the "Tech People" scoop was revealed, Chenxing Network, which had been within $1O, finally got out of a month's embarrassment, opened higher the next day, and once returned to the $1O mark, and finally rose to $9.3.
The Nasdaq large-cap index, which had been falling all the way, finally had a wave of small positive lines, and the trend of the capital market gradually gave investors confidence. [Note: This wave of small white lines in history should be an institution ready to enter the market to buy the bottom or other good news, here because the butterfly effect is slightly advanced!] The information of 2ooo is really hard to check! 】
However, is it really that optimistic?
……
Song Chen finally cancelled the plane ticket that Zeng Qian had booked early in the morning and chose to stay in the capital for a few more days.
It's not entirely for the bright and moving Zhao Lin, but he noticed several noteworthy projects in the equity trading market in the capital, so he decided to temporarily add a few projects to investigate, not only film and television media, but also IT consulting, one of which is the famous IT professional media website in the future: Zhongguancun Online.
The site was founded in March 1999, just 14 months ago. In Song Chen's view, Zhongguancun Online is a vertical consulting portal, which can effectively bring strong channels, advertising and traffic advantages to 8848 and Taobao in the future.
Therefore, when he inadvertently noticed the name of this website appearing in the equity trading market, he immediately called the parent company of Zhongguancun Online: Beijing Bayi Time and Space Technology Co., Ltd., and even finalized the acquisition intention directly on the phone.
As the first professional media website in China for the IT field, although Zhongguancun Online has achieved considerable results, 800 million time and space did not get too entangled in price out of the consideration of getting rid of the burden! Therefore, when 800 million time and space quoted the price of three million, Song Chen accepted it without hesitation.
Compared with Zhongguancun Online, which was sold for $100 million a few years later, Zhongguancun Online, which is in financial difficulties because the parent company does not want to continue to invest in additional investment, is currently at this price, which is related to the fact that the website has been established for too short a time, and the Nasdaq stock market crash is obviously also an important factor.
Now is the time for the world to rethink the Internet industry, and Zhongguancun Online obviously can't estimate a good price!
Although the scale is not large, it can be regarded as the fastest capital M&A case in history! From the idea, to the communication, to the signing of the equity transfer contract, it took less than two days.
Song Chen didn't know how excited the employees of Zhongguancun Online were after learning that the company was acquired by Chenxing Company, and after finalizing the acquisition agreement with 800 million time and space, he was not busy visiting the company, but pondering the positioning of Zhongguancun Online.
The comprehensive portal is the dish of the fat penguin, but Zhongguancun Online does not need to be placed under the name of Chenxing Network, so there are two options for the rest of the land, one is to implement the media group on paper, but there is a problem here, Zhongguancun Online does not have much relevance to the media group in Song Chen's plan; Second, it is placed under Alibaba Group, relying on the growth direction of Zhongguancun Online, which can bring great help to 8848, Taobao and Alibaba's e-commerce platform.
didn't get entangled by this choice for too long, Song Chen directly threw the problem to Zhai Yan and Cai Chongxin to study, but after Zhai Yan heard Song Chen's plan, he directly helped him make a decision: "The domestic IT industry is in the ascendant, 8848 is also planning to expand its retail varieties, and it is the exclusive online agent of Ipod. ”
"So be it!" Song Chen nodded briskly.
Holding the microphone, Zhai Yan asked while processing the official documents: "Is your salary cut plan written?" When are you going to announce it? ”
Song Chen muttered: "The NASDAQ is a bit back to the light now, at least after this period of time!" Maybe it's after I came back from Japan! ”
"That's ......" Zhai Yan thought for a while and said, "So, should the employees of Zhongguancun Online be directly included in our welfare system?" ”
Song Chen replied: "Give them benefits, and the salary reduction will start at their discretion!" Anyway, the company has just acquired enough reasons, if there are any superfluous people, then lay off by the way, Dongou Chenxing Building is already too bloated, you send someone to sit in charge for a while! ”
"Let's go to Cho (Xi Human Resources Officer) Mao He! First of all, I have something to do and hang up first! ”
"Don't you kiss one?" Song Chen** said.
Zhai Yan rolled her eyes and hung up the phone directly.
On Song Chen's side, since there is a candidate to come forward, he is too lazy to come forward to "appease" people's hearts, he has more important things to do. Because two unlucky guests have already come to visit, it is none other than Wang Zhongjun, who has had a relationship with Song Chen, but he brought his younger brother Wang Zhonglei this time.
Because of the other party's prudence, the second meeting naturally turned into a semi-formal investment meeting.
"We need funds, and Chairman Song needs a controlling stake, so I think we can reach a certain consensus!" As soon as he saw Song Chen, Wang Zhongjun, who has rich experience, pointed to the core issue, "As long as our brothers can actually have the right to operate, we are willing to give up the controlling stake!" ”
Song Chen glanced at Wang Zhonglei curiously, and said, "Then, we can enter into substantive negotiations!" What is the net worth of your company, and how much equity are you willing to give up? ”
Wang Zhonglei suddenly said loudly: "Song Dong's understanding of the Internet industry is unprecedentedly sharp and accurate, and I think the global media will not deny this!" I don't know if Song Dong can sue us, why did you make the decision to invest in Huayi Brothers? ”
"Wrong, it's not to invest in Huayi Brothers!" Song Chen smiled lightly and shook his head, "Instead, I decided to invest in a film and television company, Huayi Brothers can't represent this industry!" ”
Wang Zhonglei smiled to himself: "I'm sorry, I lost my words!"
Song Chen nodded with a smile: "I happen to know about Feng Xiaogang joining your Huayi Brothers and the success of "Endless", I like this director very much, so I learned about your company by the way!" At this time, your brother came to the door, so for me, it is not difficult to make this investment decision, it is rare to have the coexistence of principles and interests! ”
The feelings are still thanks to director Feng Xiaogang...... Wang Zhongjun's two brothers met and smiled bitterly.
Wang Zhonglei asked cautiously: "The reason why you are asking for a controlling stake is because you are trying to influence the strategic direction of Huayi Brothers, can I know your plan?" ”
Song Chen said with a smile: "In my opinion, the film and television industry is part of the cultural industry, and the cultural industry involves the overall idea of 'content is king', so my expectation for Huayi Brothers is to integrate the upstream and downstream of the cultural industry chain, including upstream content creation, midstream production, and downstream line!" For upstream content creation, I laid out the chess pieces as early as two years ago, and it still needs time to wait for improvement; The middle and downstream industrial chain also needs the support of companies including Huayi Brothers! ”
When did the other party quietly lay chess pieces in the content field? Wang Zhongjun asked in surprise: "What are the 'upstream chess pieces' you are talking about?" ”
"Starting point Chinese network! Have you heard of it? Song Chen asked with a smile.
Wang Zhongjun and the two brothers shook their heads blankly, compared with the clear industrial chain strategy of the Huayi brothers in later generations, the current Wang Zhongjun obviously does not have such a strategic vision.
Song Chen shook his head and smiled: "You don't know it's normal, this website is just a ** now...... A casual site for teenagers to play time out of boredom! In short, this website will integrate the content of literature and fiction, provide enough rich scripts for the film and television industry, and open up the upstream and downstream of the cultural industry chain, which is my expectation and your goal! Investments that do not conform to this kind of industrial chain integration are not allowed! ”
The reason why there is such a statement is because Song Chen knew that the two people in front of him were not doing their jobs in the later stage and went to speculate in stocks and do real estate business!
That's not a limitation...... Wang Zhongjun groaned slightly, nodded and said: "Last time you asked, if we give 30 million, how many shares will we give up, I think we have the answer!" We only need fifteen million yuan, and for this we will transfer 51 shares! In fact, after Feng Xiaogang joined Huayi Brothers, he is also a small shareholder, so you are a well-deserved major shareholder of Huayi Brothers! ”
Touching his chin, Song Chen groaned: "It's fair! ”
"But we have a request!" Wang Zhongjun said suddenly.
"Oh!" Song Chen was noncommittal.
"Fifteen million yuan is not enough to lift the funding gap of Huayi Brothers, so we will definitely need a lot of money in the future!"
Song Chen pursed his lips and groaned, and said, "I can give it to you, but I think you don't want to continue to give up your equity, I guessed right?" Or are you planning to bring in new shareholders? ”
"Bringing in new shareholders is one thing, but if you are willing to make additional investments, we want to optimize the company's cash structure in the form of borrowings!" Wang Zhongjun said it in a high-sounding manner, but actually admitted Song Chen's speculation, and they were unwilling to let Song Chen's equity continue to expand.
Song Chen hooked the corners of his lips and said lightly: "This can be discussed!" ”
The other party was so good at talking, Wang Zhongjun was in high spirits, and then asked: "After China Chenxing controls Huayi Brothers, I hope Huayi Brothers can maintain enough independence and decision-making power!" ”
"This independent decision-making power can be given to you, in addition to the director representative, the chairman and general manager are also given to you, but I will send people to several key departments!" This is the power of the major shareholder, Song Chen waved his hand involuntarily.
This is the right thing to do, Wang Zhongjun was silent for a while, and could only nod helplessly: he knew that this was better than the expectations of this trip, at least, with the guarantee of Chenxing Company, Huayi Brothers would not have to worry about the financial problems! This will allow the two brothers to throw off their arms and run forward!
Seeing that the other party agreed, Song Chen said with a smile: "Since the intention to acquire has been negotiated, I will not pay attention to the details, and I will hand over the next things to the people at the headquarters to take over!" However, at present, Huayi Brothers has a hidden danger, I hope you will pay attention to it! ”
"You say!" After negotiating the investment, Wang Zhongjun and Wang Zhonglei's demeanor also relaxed.
"You can't put all your eggs in one basket, although this principle can't be universal, but it's also a strategic issue worth paying attention to in the mall!"
Thinking of the well-known problems of the Huayi Brothers in later generations, Song Chen pondered for a while, and asked with a slightly stern attitude: "I like the movies made by Director Feng very much, but as I just said, the Huayi Brothers can regard Director Feng as the pillar, but not the only pillar, take advantage of the abundant funds now, try to sign a few more directors to join, it is best to have five generations of famous directors at the same time, and try to cultivate the new generation of directors!" This is related to the talent system of Huayi Brothers in the next few decades, so you should be cautious! ”
"In addition, I plan to set up a media group, Mr. Wang, do you have any suitable candidates to recommend?" (To be continued...!)