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Text Chapter 2469 Complex Equity Exchange

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    Since the Chinese New Year, the four major portal websites have been negotiating with Huangfu Holdings Co., Ltd. about the rights and interests of Weibo.

    After one or two years of hard work by the four major portals, the total number of Weibo users has exceeded 600 million, of which monthly active users have exceeded 300 million.

    If placed in the United States, the Weibo company is basically valued at at least 10 billion U.S. dollars. In China, even if it is a little less, it has reached 35 billion yuan.

    It can be said that it is the efforts of the four major portals that have made Weibo achieve such great achievements.

    By April 2010, their rights to operate Weibo were about to end. Originally, the four major portals felt that relying on the stickiness of their websites, they should be able to retain users.

    But what I didn¡¯t expect is that Weibo has developed so rapidly that everyone has a huge stickiness to Weibo as a platform, and it can exist independently from the four major portals.

    Now they panicked.

    They watched helplessly as the Weibo platform they worked hard to develop and grow was finally picked up by Huangfu Holdings Co., Ltd. Of course they were unhappy and unwilling.

    Therefore, they discussed it together and decided to request Huangfucai, either they buy the shares of Weibo, or they cooperate, cross-holding, and work together to operate Weibo.

    Huangfu Holdings Co., Ltd. has a total of two major products. One is the Weibo company that promotes and operates the four major portals, and the other is the more popular WeChat company.

    Most of the current company¡¯s elites are working hard on WeChat and have developed it into the world¡¯s number one instant voice messaging company. Although there are still considerable losses, since the launch of WeChat Wallet, people have been able to  We see broad prospects for mobile payment.  As well as the huge potential of b22 online commerce, the valuation of WeChat company has soared and has exceeded 200 billion yuan.

    Therefore, the senior executives in the company do not think that Weibo is that important. After all, it has been separated from the main body of the company's operations for a long time.  It's not that deep emotionally.

    But Huangfucai¡¯s thoughts were different from theirs. Weibo was the first idea she came up with, and she naturally had deep feelings for it, so she was not willing to give up on Weibo.

    Faced with the opinions of the four major portals, Huangfucai chose cross-shareholding, letting go of their shackles and allowing the Weibo company to continue to develop healthily without losing its ability to control it.

    In this world, everything depends on strength.

    There are actually many ways to cross-shareholding.  There are also many results.

    If Huangfu Holdings Co., Ltd. is just a company that developed the product Weibo, then the four major portal websites that now have cross-shareholdings with it will definitely replace it with their own shares, and then continue to rely on the introduction of investment and additional issuance to  Huangfu Holdings Co., Ltd. was driven out of the interest circle of Weibo and then enjoyed the profits for itself.

    If Huangfu Holdings Co., Ltd. is strong, then everyone will cooperate as equals and follow normal business rules.

    However.  Now Huangfu Holdings Co., Ltd. is not only strong, but also very strong.  It¡¯s not just because WeChat is popular all over the world.  Also because behind Huangfu Cai, a stunning beauty, stood Xiao Qi, the richest man in the world.

    With Xiao Qi here, if he is offended, it is possible that the four major portals will be forcibly acquired by him.

    Not to mention the poison pill counterattack that Shanda encountered when it acquired Xinglang. All four major portals knew about it, let alone a poison pill plan.  Even if it was a ten-fold poison pill plan, Xiao Qi could directly acquire it without frowning.

    When a person¡¯s wealth reaches more than 500 billion U.S. dollars, basically there is no force in the world that can stop him from making normal business acquisitions.

    What's more, as a local snake in China, the leaders of the four major portals all know that most of Xiao Qi's 500 billion US dollars is the main business of Fairy Company.  Regarding the important Xiaoyao series of Fairy Company, both Forbes and Furun rankings are invisible, greatly underestimating their value.

    If we calculate carefully, Xiao Qi¡¯s 500 billion U.S. dollars and an additional 300 billion U.S. dollars will have no problem at all.

    Think about it, is there any pressure to go against such a rich man in the world?

    It¡¯s simply overwhelming!

    Therefore, when the four major portals negotiated with Huangfu Holdings Co., Ltd., they were very cautious. They could neither allow themselves to suffer losses nor overly force Huangfu Holdings Co., Ltd. They were really walking on thin ice.

    After two or three months of negotiations, a preliminary agreement has finally been reached recently.

    The valuation of Weibo company is still calculated based on the RMB 35 billion during the Spring Festival, with 18% of the shares exchanged22.5% of Xinglang's shares were exchanged for 15% of Penguin's 12.2% shares.

    Then Wang Yi handed over all his existing Weibo users and technical data to Xinglang for operation, thereby occupying 7% of Weibo company shares, while Wang Yi Company gave Huangfu Holdings Co., Ltd. 1.2 billion as the share purchase fee.  .  This is the price of 3.5% of the shares, and the remaining 3.5% is used as a fee for the transfer of their user data. This is the benefit that Xinglang gets, while Huangfu Holdings Co., Ltd. pays the bill.

    Similarly, Sohu Company also transferred its user and technical data to Penguin for operation, occupying 6% of the shares of Weibo Company. Sohu Company also paid Huangfu Holdings Co., Ltd. 1 billion as the share purchase fee, and the price and  The reason is the same as Wang Yi's.

    Privately, Xiao Qi also transferred the shares of Weibo Company that he had previously purchased with 2 billion yuan to Huangfu Holdings Co., Ltd. at the original price. Although it was completely equivalent to giving shares to Huangfu Cai, the little fairy was his wife, Xiao Qi  Naturally, he is also happy to do so.

    As a result, Weibo's largest shareholder Huangfu Holdings Co., Ltd. holds 56.8% of the shares, the second largest shareholder Xinglang holds 18% of the shares, the third largest shareholder Penguin holds 12.2%, and the fourth largest shareholder is Wang  Yi's 7%, the fifth largest shareholder is Sohu's 6%.

    But Wang Yi and Sohu completely withdrew from the operation of the Weibo company, and the entire Weibo company was converted into two platforms, Xinglang and Penguin.

    In the next ten years, if the number of active users of the Weibo company reaches a certain number, Xinglang and Penguin will have the right to request another share swap from Huangfu Holdings Co., Ltd., but they cannot purchase it in cash.

    This transaction model is to enhance cooperation between several major companies and to increase Huangfu Holdings¡¯ influence on the Internet.

    In fact, during the transaction with the four major portals, Huangfu Holdings suffered some losses, but Huangfu Cai did not care about this. She had a broad mind, and she was naturally willing to reward these meritorious officials.

    The four major portal websites have taken a lot of advantage. Wang Yi and Sohu have gloriously withdrawn from business, but they own the equity of Weibo Company, which prevents them from being squeezed out of the market.

    Xinglang and Penguin have more benefits. Just through share exchange, they actually obtained the management rights of Weibo Company and became the major shareholders of Weibo Company. They will not worry about being picked off by Huangfu Cai, and they are not  Those who spent money got user data and technical data worth more than 1 billion, and they got benefits overtly and covertly.

    Huangfucai did not forget what Xiao Qi said. When the Weibo transaction had just ended, he spent a total of 6.6 billion yuan to buy 15% of Wangyi and 15% of Sohu's shares, thus becoming the owner of the four major portals.  Important shareholders have also formed a strong network influence.

    Apart from other things, the future development of WeChat in China will definitely be smoother. WeChat has always been rooted in the Internet. Now that online portals have Huangfu Cai¡¯s shares in them, they will naturally favor Huangfu.  If you are a bit more cheerful, you will also take more care of the WeChat company.

    When the giants of the four major portal websites signed the agreement, they all came to Rongcheng in person and visited Huangfucai.

    ??According to what the little fairy talked about after returning home, the focus of the meeting was, as expected, on the listing of the Weibo company.

    Joint-stock companies have great benefits in terms of financing. If they are short of funds, they can expand their shares and raise funds to collect further money for their own use.

    Especially the joint-stock companies in China, many of them are hard-core roosters who use retail investors' money but never pay any dividends. This means that they can make unlimited money without giving any dividends.  The return is much more convenient and comfortable than borrowing from a bank!

    ?Compared to joint-stock companies, Internet companies are even bigger money-burners. In this case, it is even more natural to go public to make money.

    Weibo company¡¯s investment in the past few years has increased from a little to a lot. In order to further develop in the future, it is naturally impossible for Huangfucai to be the only one to provide money, so it is normal to be on the right track and be responsible for its own profits and losses.

    Therefore, in order to allow the company to have more spare money for development, the four major portal websites have long been thinking of listing Weibo. This time, they came together to ask Huangfu Cai for his opinion.

    Huangfucai was not interested in these complicated things, so he asked Xiao Qi directly after returning.

    The young man had long expected such a situation, so he was well prepared.

    Of course he supports Weibo¡¯s listing.

    After all, Weibo Company has now dispersed its shares and has five major shareholders. The shares will be further diluted in the future. Whether 50% of the shares are controlled or not is not the most important.

    The most important thing about the Weibo company is to form an alliance with the four major portal websites. Everyone¡¯s shares are cross-held. To a certain extent,If we have the same interests, we can join forces to do a lot of things.

    Even if they are listed, the interests of the five companies are the same. They hold at least 70% of the shares in total. They are not afraid of being robbed of control by outsiders. At the same time, they can have more development funds and be responsible for their own profits and losses.  It will encourage them to develop more seriously.

    However, the time for listing has not yet arrived!  (To be continued)
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