My Age of Investment

Looking at Chen Tianqiao, who was in his early thirties, Xia Jingxing clapped his hands and applauded, "Thank you very much for Mr. Chen's frankness and telling me all the careful plans.

You can rest assured that Vision Capital will stand firmly on Shanda's side.

I just have a question, why didn't Shanda choose to talk to the management of Sina? That way, the success rate of things can undoubtedly be done higher. "

In the past life, this matter is also a mystery. Why did Sina and Shanda not talk about it? How big is the price difference?

Xia Jingxing really wanted to figure it out, to see if there was a chance to grab greater benefits, so he seemed to be casual, but he actually asked a question with deep meaning.

Chen Tianqiao was very happy, and now Envision Capital is an ally with them, so he didn't hide anything, and talked about his unpleasant contact with Sina's management.

"...Sina's management wants us to exchange shares one-for-one, or buy them at $50 at the top of the stock price in the past year."

Speaking of this, Chen Tianqiao smiled disdainfully, "Of course we won't be taking advantage of this, at most we can accept a two-for-one share swap.

Shanda is willing to take them to make money together, which is already very good for them.

In a hurry, I took out loans, bought them all in cash, and got these narrow-minded and short-sighted guys out. "

Xia Jingxing nodded and smiled, he could hear that Chen Tianqiao had a great opinion on Sina management.

At the same time, he also figured out how big the differences between the two sides are.

Shanda's current market value is about $2.1 billion to $2.2 billion, while Sina's is only $1.2 to $1.3 billion.

When Shanda first went public last year, its market value was only $800 million, and then it rose sharply, becoming the most dazzling technology stock in the world last year.

However, Sina has dropped by nearly half from its market value of more than two billion US dollars.

In the face of the acquisition of new giants, Sina put on a veteran qualification.

Perhaps, Sina also feels that the conditions are a bit disadvantaged, because last year Sina's market value was almost twice or three times that of Shanda. Now the situation is reversed, and Shanda's market value is nearly twice that of Sina.

The market value of this thing does not very accurately reflect the true value of the company.

Sina is currently the largest portal website in China.

In their eyes, Shanda is a nouveau riche, the lucky one who picked up a popular game.

If you are willing to marry you, it is already considered a celebrity married to a nouveau riche and a poor boy, and he haggles with me on the bride price.

The old lady is worth this price. If I can't give such a high dowry, I won't marry.

After a period of time, the old lady's plastic surgery is successful, and her worth can go back up, and even reach a higher level.

And Chen Tianqiao, the upstart poor boy in Sina's eyes, is reluctant to pay the sky-high betrothal gift, but he still covets the goddess.

So, on the occasion of the New Year, when everyone relaxed their vigilance, they planned an evil plan to invade the goddess.

A large number of shares in Sina were bought from the secondary market, the rice was cooked and cooked, and then Sina was forced to accept the marriage.

Xia Jingxing thought to himself, if it were him, he would probably make the same choice as Chen Tianqiao.

Because Sina is not monolithic, there are too many mercenary shareholders like their Vision Capital.

Initiating a hostile takeover has a very high probability of success.

Xia Jingxing originally wanted to fool Chen Tianqiao to show some courage, and even sacrifice a small part of short-term interests to facilitate the successful merger of Shanda and Sina.

Once the two companies merge, Shanda can immediately become the Internet company with the highest market capitalization in China, and open a huge gap with the second and third.

The market value is not as simple as one billion dollars plus two billion dollars. There will be a chemical reaction of one plus one greater than two. It is very possible for the market value to reach five or six billion, or even nearly ten billion dollars.

The first portal and the first game company are married to jointly create online Disney. The concept sounds very attractive and brings high expectations.

From the actual situation, Sina's user groups are mainly white-collar workers and young and middle-aged people, while Shanda's user groups are mainly teenagers.

The merger of the two companies has a wider user coverage and can reach almost all age groups of netizens. It is a combination of great strategic value.

Vision Capital, which is a common shareholder of both companies, also stands to gain the most from the merger of the two companies.

Instead of just grabbing a handful and running away like it is now, it's somewhat unsatisfactory.

Of course, in the long run, even if the two companies merge, they shouldn't make much of a difference.

It is inevitable that the portal will continue to decline, and Shanda Games has also been caught up by the Penguin who is using the social software QQ as a drain, and then surpasses it.

In the short term, though, it's better for Vision Capital to merge than not to merge.

But Xia Jingxing and Chen Tianqiao had a brief contact and knew that the latter was a very assertive person.

Envision Capital is just an ordinary member of Shanda's many allies. He and Chen Tianqiao have just met, so they can't talk about friendship.

He wanted to reverse Chen Tianqiao's idea, but it was too difficult.

However, Xia Jingxing still tried to remind him and gave up immediately, which was a pity.

"Shanda is betting so much money on Sina, it's almost a situation where you can't advance or retreat.

In the event of unfavorable circumstances, it may cause a backlash against Shanda.

After reducing our stake in Sina, we are only Shanda's shareholders.

As a shareholder, I think Shanda can still do more preparations. "

Chen Tianqiao is a smart person, he immediately heard Xia Jingxing's overtones, and said with a smile, "If Mr. Xia has any good opinions, just put them up directly, there is no need to avoid any taboos, we are all friends."

Xia Jingxing nodded, "Okay, then I'll just say it straight! Shanda chose to acquire only 19.5% of the shares, instead of breaking through the 20% line.

It's also the idea of ​​"talking while fighting" and "promoting peace through fighting" with Sina, right? "

Chen Tianqiao kept a faint smile on his face, showing no flaws, he shook his head gently, "Mr. Xia, you are wrong.

For this merger, Shanda has prepared more than 200 million US dollars in cash, and its determination is not weak.

If I don’t break through the 20% shareholding line, I’m also thinking about not going to make a fool of myself for the time being. "

"Mr. Chen, there is no need to hide this from us."

Xia Jingxing chuckled and said, "After you announce the acquisition, you still have to return to the negotiating table with Sina.

One-sided acquisitions and reckless actions cannot solve everything. "

Chen Tianqiao knew that Xia Jingxing had seen all his cards, so he simply admitted: "Okay, I admit, I have this idea."

Xia Jingxing proposed an idea, "What if Sina opens up again at the negotiating table?"

Chen Tianqiao said lightly: "Then continue to increase the holdings, continue to exert pressure, and continue to talk until a satisfactory ending occurs."

At this moment, Xia Jingxing had already figured out everything in his heart.

This matter, if you ask Liu Hai to talk about it alone, you will most likely be fooled.

He also combined some reports, rumors, and gossip in his previous life, and through personal interviews with Chen Tianqiao, he almost got the bottom line of the latter.

Nothing can be done, the wind is screaming!

txt download address:

phone-reading: