January 10th!

Zhongjing City, Haiding District!

Baidu Building, Chairman's Office!

"I really don't understand, why do you want to buy iQiyi on the ninth day?"

In the office, Zhang Yihong, chairman of Baidu, sat on the main seat of the sofa with Erlang's legs crossed, and looked at Sun Zecheng sitting in the guest seat with some regret and curiosity.

Sun Zecheng smiled faintly at first, and thought for a while, "You may not believe it when you say it, our Mayor Xiong Dong wants a permanent ad-free member." ”

Zhang Yihong was stunned for a moment, and couldn't help laughing: "Mr. Sun is really humorous. ”

"Haha."

Sun Zecheng said with a smile: "At present, iQIYI's market value is 33.6 billion yuan, its total assets are 42.893 billion yuan, its total liabilities are 37.442 billion yuan, and its net assets are 5.451 billion yuan. ”

"Baidu holds more than 50% of the shares, a loss of 200 million, and 100 million from Zhang Dong, instead of a loss, it is better to sell it to us for nine days, so that not only stop loss, but also get a large amount of liquidity."

Zhang Yihong disagreed and corrected: "iQiyi will achieve a net profit of 9 billion in the second half of 2026, and the revenue is on the rise, and this year in 2027, the guaranteed net profit will be 3 billion." ”

"There is also a market value to be corrected, as of the recent closing of the U.S. stocks, iQiyi rose to $4.98 per share, with a total market value of 34.494 billion, from these data, it can be seen that iQiyi is turning losses into profits, and there is no stop loss as Mr. Sun said."

Sun Zecheng smiled slightly, he knew these situations, but he deliberately didn't say it.

Acquisitions are like buying clothes, and they will definitely only say bad things.

"It's true that iQiyi turned a profit into a loss, but it has a debt of more than 37 billion, how long will it take to pay it off, ten years of net profit? Or a hundred years? Sun Zecheng said.

"It is normal for companies to be in debt, and it is nothing for a debt ratio to exceed 120%, not to mention that iQiyi is only about 80% in debt, and the company's debt, what does it have to do with our shareholders, it does not affect our dividends."

Zhang Yihong said lightly.

When Sun Zecheng heard this, he knew that it was useless to say this, so he said calmly: "I came with a task, Zhang Dong will make a price." ”

Sun Zecheng spread his hands and went directly to the king.

Zhang Yihong put down the upturned Erlang legs, and picked up the teacup to drink with a hesitant face, at this time he was very hesitant, hesitant to sell or not, and hesitant to open at the right price.

"$7 per share."

Zhang Yihong pondered for a long time and offered a price.

Sun Zecheng immediately laughed when he heard it, "iQiyi's highest valuation can only exceed $5 or $7, and Zhang Dong has no sincerity." ”

"At this price, it doesn't matter."

Zhang Yihong put down the teacup and cocked Erlang's legs again, looking disapproving.

Sun Zecheng stood up and bent gently to Zhang Yihong with a smile, "Goodbye Zhang Dong." ”

"Slow down and don't send it."

Zhang Yihong also raised his palm with a smile and waved it gently, sitting motionless.

Sun Zecheng turned around and walked away, and as soon as he went out, a young man came over with a bag and shouted respectfully: "Mr. Sun." ”

The man's name is Ou Jianyi, 25 years old this year, and he is Sun Zecheng's assistant.

"Immediately sign an entrustment agreement with Galaxy Securities, open the U.S. stock market tonight, buy a large number of iQiyi shares, and take back the stocks in the hands of the disbandment."

"At the same time, contact Jiangshan Investment, and after we recover a large number of scattered shares, ask them to start investing in iQiyi."

"If the text is not good, then we will come to the martial arts."

Sun Zecheng walked to the elevator and said to Ou Jianyi.

At the beginning, Sun Zecheng wanted to acquire iQiyi through negotiations, but judging from Zhang Yihong's attitude, the negotiations were unrealistic, so Plan B was launched.

Plan B is to entrust a securities company to acquire the stocks in the hands of iQiyi retail investors (sanctioned on the ninth day, unable to acquire U.S. stocks), after the acquisition, the shares in the hands of the nine days reached more than 20%, and then let Jiangshan Investment go down, invest in iQiyi, get shares and dilute the shares of other shareholders through this means.

When the time comes, the capital will continue to increase and dilute, so that the equity in the hands of Jiuri Technology will exceed 51%, as long as it reaches 51%, things will be easy to do, and it will be easier to kick other shareholders out one by one and complete 100% actual holding.

"That's right."

Walking into the elevator, as the elevator door closed, Sun Zecheng suddenly thought of a trick.

"You said Mr. Sun, I remember." Ou Jianyi took a notebook and a pen and looked at Sun Zecheng.

"Not only entrust Galaxy Securities to buy iQiyi stocks, but also buy a large number of Baidu shares." Sun Zecheng said.

The purchase of Baidu shares was to deter Zhang Yihong and force him to give up iQiyi, so as to increase the success rate of Jiuri Technology's acquisition of iQiyi.

Ou Jianyi quickly recorded what Sun Zecheng said, and after the record, he couldn't help but say: "It's expensive to acquire Baidu, we...."

"Community, you remember, the most important thing we don't lack on the ninth day is money, there are more than 300 billion lying on the battery account, and there are also 500 or 600 billion lying on the mountain bear, and the net profit of the battery this year is at least 800 billion."

"This time, we let them know that none of the companies we have been looking at for nine days can escape."

Sun Zecheng doesn't care whether it costs money or not, anyway, as long as he completes the task assigned by Xiong Dong.

The main thing is that it's really not bad for money.

The two companies have close to trillions of liquid funds on their books, and now they don't know how to spend them except for infrastructure.

At half past eight in the evening, the U.S. stock market opened, and Galaxy Securities Group, which was entrusted by the Nine Days Technology Company, bought a large amount of iQiyi and Baidu shares.

At nine o'clock in the evening, Galaxy Securities traded 40 million shares of iQiyi, spending $199.20 million, with a shareholding rate of 4.17%, becoming the third largest shareholder of iQiyi after Xiaomi.

iQIYI stock also rose from $4.980 to $5.010 due to a large purchase by Galaxy Securities.

Galaxy Securities also traded 3.5 million shares of Baidu, costing $383.39 million, with a holding rate of 1%, becoming Baidu's ninth largest shareholder after Bameljefu, and Baidu's shares also doubled because of the trading volume, rising from $109.540 to $109.860 per share.

At ten o'clock in the evening, Galaxy Securities continued to buy, trading 80 million shares of iQiyi, costing $400.80 million, with a share holding rate of 12.51%, surpassing Xiaomi to become the second largest shareholder after Baidu.

Baidu's stock also traded 10.5 million shares again, costing $1,153.53 million, with a shareholding rate of 4%, becoming Baidu's second largest shareholder after Zhang Yihong!

"Oh no, chairman, our shares have been bought in large quantities, and we are suspected of hostile takeovers."