Chapter 412 - Premium 90%

"Well, Qualcomm took the initiative to negotiate with us?" When he woke up from the hotel on the second day, Jia Yapeng received a call from Harry Potter, saying that the Qualcomm board of directors wanted to talk to the foundation about the acquisition.

"You come forward, I'll be your secretary!" Boss Jia continued to use his traditional routine, although in the eyes of foreigners, Chinese people basically look the same, but Boss Jia still decided to do a simple disguise, such as matching himself with a pair of thick, black and big flat glasses, so that even Jia Yapeng himself, when he saw it for the first time, he was a little unrecognizable.

Then, Boss Jia followed Harry Potter to the board of directors of Qualcomm, and the two sides began negotiations on the acquisition.

At the beginning, the negotiation process was very smooth, Qualcomm proposed to issue an additional 20% of the shares, and then sell them to the foundation at a price of $6.3 per share, at which time Qualcomm's stock price basically remained at about $4.2, which is equivalent to selling to the foundation at a premium of 50%.

"How is that possible! How dare you premium 50%!! Hearing this additional price, Harry Potter jumped on the spot and looked at the rest of the board in disbelief.

"Mr. Harry Potter, please calm down, this is not an exaggerated price!" As the one who proposed the idea of a 50% premium, Son said with a smile, "I heard that you have been working on Wall Street for more than 10 years, and there are many acquisitions with a premium of more than 50% on Wall Street, and there are dozens of cases every year, why did you come to us?" Is it unacceptable? ”

"That's because the acquisition of more than 50% premium will either make the company's stock price climb or simply launder some shady black money. Now Qualcomm's share price has fallen from $5 last year to $4.2 now, and Qualcomm's business has stagnated, and until now, there is not even a product that can be handled, why should we buy your shares at a premium of 50%? Harry Potter said angrily.

"Mr. Harry Potter, don't you know that our Qualcomm stock price has recently risen by $0.5? This is the recognition of the market! Another fund manager said.

"Hehe, then I'm very sorry to inform you of the news, the reason why Qualcomm's stock price has risen by $0.5 is because our fund has acquired 5% of your company's liquid shares, in fact, we are now one of the shareholders of the company, but we haven't had time to declare to your company!" Harry Potter said, "This $0.5 increase is the increase caused by our company's acquisition of Qualcomm shares, before that, your Qualcomm shares were only $3.7!" ”

"So I suggest that we negotiate on the premise of Qualcomm's closing price the day before yesterday, which is the stock price of $3.7 per share!" Harry Potter threw a bombshell.

"I said, why did it suddenly grow 0.5 yuan, it turns out that these guys have already done it!"

"What are you kidding, it's 4.2 now, how can you count it with him according to 3.7!"

The other directors were talking and suddenly looked at it a few times, and then Owen Jacob, as the chairman, was about to speak, and when he relaxed the conditions a little, Son Masayoshi suddenly stood up and said to Harry Potter, "I'm sorry, about the proposal for a 50% premium acquisition, I think we need to revise it!" ”

"That's right!" Harry Bo nodded, thinking that Son would reduce the price, but what he didn't expect was that Son said in the next second, "We think that a premium of 50% cannot show the value of Qualcomm, and the premium must reach more than 90% to fully reflect our value!" ”

"What!" Harry Potter's eyes widened and he looked at Masayoshi Son, is the guy crazy?

In fact, not only Harry Potter, but also the other colleagues in the conference room looked at Son in surprise, obviously Son's temporary price increase was not expected by them at all.

"Gentlemen, I think everyone must be tired, we might as well rest for a while and talk later!" It's just that the negotiation has just begun to offer, and after less than ten minutes of talking, Son Zhengyi actually said that everyone was tired, which was obviously nonsense.

However, everyone was an old fritter, and they soon understood Son's intentions, he wanted to take the opportunity to reunite among all the directors, so the other directors cooperated, saying that they needed to take a break, and then they went back to their respective lounges, and the negotiations had to be suspended.

"Boss, they are simply crazy, they dare to pay a premium of 90%, this is crazy!" Harry Potter said to Boss Jia in the common room that in Harry Potter's eyes, this is indeed a crazy thing. A 90% premium acquisition is rare for the entire Wall Street to happen once in 10 years, and the acquisitions are all super companies that definitely show the temperament of unicorns.

The acquisition that occurred at the height of Intel's glory was only 80% at a premium.

The only acquisition with a premium of more than 90 percent was Intel's acquisition of a stake in Microsoft, but that was Microsoft.

Of course, the market has fully proved the value of Intel's acquisition back then, and Microsoft's stock price has now increased more than ten times.

"That Son Masayoshi is really powerful, it seems that he has already eaten the shares of Qualcomm and I want to take the shares!" Boss Jia's expression was very calm, in the United States, it is almost impossible to trade at a premium of 90%.

But in A-shares, there are really a lot of such things, not to mention a premium of 90%, even if the acquisition is a premium of 400%, Boss Jia has seen it, and he has long been surprised.

"Chairman, what should we do now? Do you want to keep talking? Harry Potter asked worriedly.

"What do you think?" Boss Jia asked rhetorically.

"I think it's hard to talk about it today, I'm afraid the other side already knows our determination to acquire, and they will definitely open their mouths!" Harry Potter Road.

"Let's go!" Jia Yapeng stood up and stretched and said, "Tomorrow is the 10th, I have to rush to the launch ceremony, there is no need to talk about it today, let's withdraw!" ”

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"Guys, I think this Harry Potter, and the existence behind him, have already made up their minds and want to buy our Qualcomm, so we can completely premium the price to more than 90%!!" Son confidently said to all the other shareholders.

"Why do you say that?" Some of the directors asked with a frown.

"It's very simple, because they have already secretly bought our shares on the stock market, which means that they have been eyeing us for a long time, but they found that secretly buying stocks on the stock market will cause the stock price to rise further, so they stopped doing it."

"This can fully prove that the other party has been planning for a long time about our intentions, and they are very determined, they will definitely want to buy Qualcomm, so even if we have a premium of 90%, they will definitely accept it in the end!" Son said.

"Hehe, this is just your side of the story, in case the other party doesn't buy it and gives up the acquisition, then won't we be all finished?"

"Don't worry, I believe that the other party will never give up!" Son Masayoshi smiled slightly, and then said, "I implore everyone to stick together, and everyone will insist on this price and not let go." I would like to assure you that if the negotiation ultimately fails, then we, SoftBank Group, can buy the shares of this private placement at a premium of 30%, and the shares in your hands can be traded at this price! ”

"30% premium!" Hearing Son's words, the directors instantly began to think. If Son really promises that, then this is an excellent choice.

If the Rice Country Priority Foundation really eats this price according to the premium of 90%, then of course it will make a lot of money. But if the negotiation fails, then according to Son's 30% premium acquisition, it will not be a loss, and a large amount of money can be obtained smoothly.

Masayoshi Son's SoftBank has recently made a small fortune, and he does have the funds to eat these shares of Qualcomm after hearing that its total assets have reached the level of $1 billion.

So everyone nodded their heads and agreed to Son's proposal.

At this time, a staff member suddenly walked in, whispered a few words in the ear of Chairman Owen Jacob, and he immediately announced to everyone with a wry smile, "The people of the Rice Priority Foundation have left!" ”

Is this Foundation really determined to eat us?

Hearing the news that the other party left the venue directly, the directors instantly became worried again.

"Don't worry, their actions make me even more sure that they will definitely buy our shares!" On the other side, Son Masayoshi said with a confident look.