Cang Yaozu made a takeover request to Avi Arad and Isaac Perlmutter, and Cang Yaozu offered $120 million plus 1% of each of their shares in ICQ to acquire their 54% stake in ToyBiz and 10% of Marvel's shares. The company owns Marvel's toy license, and Cang Yaozu knows that in the end, it was these two Israelis who defeated Perelman and Karl Icahn to become Marvel's owners.

Therefore, the first thing Cang Yaozu had to do was to kick the two of them out. Cang Yaozu took the team to New York and began to negotiate the acquisition with Avi Arad and Isaac Perlmuttert. Perlmutter is more satisfied with Cang Yaozu's offer, Marvel's stock is almost scrap paper, and ICQ's development is obvious to all, but Arad believes that Marvel's superhero IP is of great value and does not want to sell shares.

Cang Yaozu knew that these two people had not yet formed an alliance and then competed for the ownership of Marvel, and they did not have such great ambitions. Later generations also continued to sway left and right in more than a year of bankruptcy lawsuits, and slowly strengthened their determination to compete for Marvel. Now Perelman has not implemented his bankruptcy reorganization plan. Instead of facing the quagmire of Marvel, it is really better to jump out of the circle and seek better development.

"Mr. Cang, we know that you just acquired Dr. Avery Harary's Shengdi Company, aren't you in the semiconductor industry?

"Mr. Arad, I am more optimistic about the development of the semiconductor industry, but this industry is a little boring, I am a science and engineering man, but I usually read comic books or something, to regulate my emotions and kill time.

I love Marvel heroes, my two favorite heroes, you can't guess which one it will be, hehe, Iron Man and Deadpool. Well, my idol and the direction of growth are a combination of the two of them, a mouth cannon king is rich and handsome, haha. ”

"I thought you would say Spider-Man and Hulk, but your preferences are a bit peculiar. ”

"I like comics, I also like the film industry, I have invested in a largest and most luxurious cinema line in China, which is currently under construction, and is expected to be completed by the end of the year. The combination of comics and movies is the general trend, but the time is far from ripe.

I don't expect any Marvel superhero movies to be successful in 10 years' time, unless I invest in them. This is mainly because the investment is too large, the risk will be very high, unless more than 200 million US dollars is invested to create these manga movies like Cameron's "Titanic", it can only be a small fight. No matter how good the superhero IP is, it takes more than 10 years to incubate and develop, which is too low. ”

"Mr. Cang, don't forget, we also have a toy company. ”

"Yes, but that's what the monetization power of toy companies looks like. Compared to video games, compared to the semiconductor industry, compared to the Internet industry, it is not a little worse. The development of the toy market is linear, the development of Internet companies is exponential, and now the development of the Internet is very fast, I just bought an email company that has been established for less than a year a few days ago, and it cost me 80 million US dollars. ”

"Wow, the Internet is really a myth of making money, but we don't understand the Internet industry. ”

"Marvel belongs to the traditional publishing industry, and the decline of print media is due to the impact of television, video games and the Internet industry. The reverse is the right thing to do. I hope you guys have a good understanding of ICQ as an instant messaging app.

By the way, this ICQ software was also developed by your Israeli company, and it was developed by three guys in their early 20s over a period of three months, and I have invested more than 100 million dollars in this project.

Of course, $100 million is not much, but I hope to get a return of 100 times, or even 500 times, 1,000 times. And this is a very common thing in the Internet industry. ICQ is about to set up ICQ Citigroup in Silicon Valley, and the Israeli founding company will become one of its shareholders, and ICQ Citigroup will operate and go public as ICQ's parent company. ”

"This company was founded by us Israelis, so why did you move to Citigroup?"

"Well, just to go public, Citigroup will pay more attention to companies from Silicon Valley, which will greatly increase the market value of ICQ. The company is now valued at more than $2 billion, which is such a high valuation that it is impossible for others to invest in it.

Our plan was to start ICQ's listing on the NASDAQ in early 1998 and take two years to exceed $100 billion in market capitalization by the early 2000s.

I promised to exchange your 1% ICQ shares just to make friends with the two of you. We have always had a good relationship with the Israelis. Many of my current partners are also Israeli and Jewish. ”

"It's an honor to be friends with a wonderful young man like you, and are you sure that ICQ will be worth more than $100 billion in 2000?

"The Internet industry is rich in wealth-making machines, which is one of the few ways to break class rigidity in the last 20 years. So I set up a private equity fund to acquire and invest in these Internet startups, and it was easy to get a 100x or even 1,000x return on investment. I hope that when I become a billionaire, a billionaire, my friends will follow me, so that there will be more common language.

If the value of the 1% shares does not reach $1 billion in four years, I will initiate the repurchase clause and repurchase the shares of ICQ held by the two companies for $1 billion. ”

"Really? Are you sure the guaranteed repurchase price is $1 billion? I thought the bulk of your offer was $120 million? Doesn't that mean that your offer totals $2.12 billion?"

"Yes, it's just that the 2 billion is not cash, it will take 3 to 4 years to get to you, and it will take a process of realization. ”

"Cang, our friend, can we just ask for $50 million, a total of 3% of ICQ shares, and then you sign the buyback clause at a guaranteed price of $3 billion, and it would be even more perfect if the buyback clause was guaranteed with Dr. Avery Harari as a guarantor. Forgive me, it's the two of us who are too greedy. Isaac Perlmutter is a bit embarrassed to come up with a new deal price, which is equivalent to raising the price to more than $3 billion, although not cash.

"It's okay, it's human. After all, you have reduced your current cash earnings to seek a better future, and I understand. It's no problem to add Dr. Avery Harari as a guarantor. If it's that price, I'd like you to help me buy more minority shares.

In this way, in addition to the two of you Marvel shares, and help me acquire 20% of the shares, I will give you 3% of the ICQ shares, and if it reaches 40%, it will be a total of 4%, and so on. By the way, I will pay for the acquisition of these Marvel shares. ”

"Okay, that's no problem, we know that those small shareholders of Marvel have the intention of cashing out, but you may need to provide a certain premium. ”

"That's a 20% premium, but those shares are not replaced by ICQ shares, and if you want to give them ICQ shares, you can only take out the shares you get. ”

"No problem, dear Cang, just wait for our good news. "Avi Arad and Isaac Perlmutter are eager to buy those minority shareholders of Marvel now.