Entertainment, I just like making movies
Chapter 236 A $100 million merger and acquisition!
After exchanging a few words.
Fang Ziheng looked at Zhou Qiang, who was looking at him, and said straight to the point: "Mr. Zhou, do Temasek and MediaCorp entrust you with full authority to handle this acquisition?"
Zhou Qiang is the director and president of Mediacorp. Logically speaking, he has the right to dispose of the shares of Tudou.com.
However, Tudou was originally acquired by Temasek, the parent company of MediaCorp. After the acquisition was successful, it was governed by MediaCorp.
The person who had previously made the call was not MediaCorp, but Temasek’s head of strategy and venture capital, Rod.
This Mr. Rhodes also serves as the co-president of Temasek Southeast Asia, and his position is much higher than that of Zhou Qiang.
Fang Ziheng didn't look down on Zhou Qiang, but he was worried that he couldn't make the decision and his trip today would be in vain.
really.
Hearing him being so direct, the smile on Zhou Qiang's face froze and he took a deep look at him.
Young people, don’t talk about martial ethics!
Who do you look down on?
Zhou Qiang complained in his heart, but was not angered by the words. Instead, he narrowed his eyes and smiled lightly.
"Mr. Rhodes is in North America. He has given me full authority to handle this acquisition. As long as the price given by Mr. Fang is appropriate, we can get a satisfactory answer today!"
Fang Ziheng was quick and straightforward, and he stated the purpose of everyone's meeting today.
There is another meaning behind his words. If the price is not good, then there is no need to discuss it.
Temasek is huge, and even if Tudou has an uncertain future, it can still afford to lose tens of millions of dollars.
Moreover, Tudou was temporarily in trouble just because founder Wang Wei didn't want to do it anymore, and it wasn't a total collapse.
If there is another person at the helm, I believe Tudou will be able to rise again soon.
It’s not that Temasek never thought of kicking Wang Wei out. As early as when the other party was involved in the divorce lawsuit, the company’s senior management proposed to acquire Wang Wei’s shares.
However, this strategic proposal was blocked by another force in Temasek, which used Warner to withdraw from Wanda Cinemas as an excuse to halt subsequent acquisitions.
In addition, Hengyu Media came to the door very early and temporarily stabilized Wang Wei, the founder, on the grounds that a Chinese person controlled Huaguo Tudou.com.
Over time, Wang Wei continued to be decadent, Tudou's market value continued to decline, and the senior management of Temasek Investment Department gradually lost patience.
At this stage, when the Internet in China is booming, it is completely possible to sell off the shares of Tudou and invest the money in other projects.
In this way, there was today's meeting between the three parties.
Even Rhodes from Temasek Investment Department didn't come forward and directly left Zhou Qiang with full authority.
Zhou Qiang stared at Fang Ziheng steadily, with the light of wisdom shining in the depths of his eyes, showing the magnificence and reserve of a capitalist or senior professional manager.
Young man, make your bid!
As long as you give me the starting price, I will sell it!
The bid will naturally come out!
But who should be addressed first must be explained carefully.
Fang Ziheng took Andy and Liu Minghui to their seats, picked up the wine glass in front of him and clinked it with Wang Wei and Zhou Qiang.
Bada
The three of them drank it all in one gulp.
Subsequently.
Fang Ziheng put down his wine glass, looked at Wang Wei, and said confidently: "Mr. Wang, Hengyu Media has purchased 25% of your shares in Tudou Video for US$50 million. What do you think?"
bang
Zhou Qiang's expression changed, and the wine glass in his hand fell to the table.
Wang Wei suddenly raised his head and said in surprise: "50 million U.S. dollars, Mr. Fang, are you telling the truth?"
"of course it's true!"
Fang Ziheng emphasized his tone and nodded to Liu Minghui on the side.
Liu Minghui stood up, took out a legal contract drawn up in advance from his handbag, and handed it to Wang Wei respectfully.
At this time, Wang Wei was happy, smiled happily, and immediately called the legal advisor waiting next door.
In August 2010, Tudou Video raised its last financing and sold 22.2% of its shares to Singapore’s Temasek.
The total price at that time was US$36 million!
Not long after, Tudou Video was launched on the market, and Wall Street valued it at US$450 million.
At that time, potatoes had a bright future.
As the largest video website in China and the first video website to go public, it is not surprising at all that it is valued at US$450 million.
At the critical moment when Tudou Video was going public, Wang Wei's ex-wife suddenly filed a divorce lawsuit with the court, dealing a fatal blow to him, which led to the failure of Tudou Video to go public in the United States.
Wang Wei was entangled in lawsuits, and Tudou's valuation fell again and again, and soon fell below a record low.
Tudou lost the opportunity, and Youku caught up from behind and was the first to go public.
As a last resort, Tudou could only postpone its listing. The good situation no longer existed. Many investors were wavering and prepared to take the money and run away.
There is no way, the bubble water of Internet companies has always been ridiculously large, and Internet companies that have not been listed are all aborted projects in the industry.
The current valuation of Tudou Video is not high. Before its successful listing, the total valuation was as high as US$150 million.
Fang Ziheng offered 50 million U.S. dollars, which immediately brought the total valuation of Tudou Video back to 200 million U.S. dollars.
This move not only won the joy of founder Wang Wei, but also completely blocked Temasek's mouth.
Zhou Qiang sat still, looking at the young man in front of him in disbelief, with ten thousand drafts running wildly in his heart.
So brave!
Wang Wei was dealt with as soon as he opened his mouth, leaving him with no way out. He couldn't control him even if he tried twice.
Fang Ziheng seemed to have heard Zhou Qiang's thoughts. He filled up the wine for him and said with a sincere smile: "Mr. Zhou, if you agree, Hengyu Media will acquire 22.2% of the shares of Tudou Video owned by New Media for US$46 million."
46 million!
It’s comparable to Mr. Rhodes’s base price of one million US dollars!
hehe
Zhou Qiang held his drink without moving, his eyes were obscure and incomprehensible, how could he dare to look down on the young man in front of him.
Fang Ziheng said nothing, picked up the chopsticks to pick up the vegetables, and gave Zhou Qiang time to think about it.
He believed that as long as Wang Wei agreed to his quotation, the other party would not be able to raise the price even if he wanted to.
Lin Feifei was right. By negotiating the acquisition separately, Temasek had the opportunity to raise the price. It would be better for the three parties to sit together and negotiate.
First, he quoted a price that Wang Wei could not refuse, and then used his power to force Temasek to agree.
ten minutes later.
Wang Wei confirmed that the contract was correct and signed his name immediately, as if he was afraid that Fang Ziheng would regret it.
Sign your name and land with no regrets.
Fang Ziheng and Wang Wei both breathed a sigh of relief.
Since then, Fang Ziheng has become the largest shareholder of Tudou Video, while founder Wang Wei only has 7% of the shares left.
The two toasted to celebrate. Wang Wei was happy and helped Zhou Qiang to stop procrastinating.
"Mr. Zhou, Mr. Fang's quotation is the most sincere investor I have encountered in the past three months."
"Temasek acquired Tudou Video for US$36 million. In just eight months, it made US$9 million from one entry to the next, which is enough."
Enough shit!
Fucked!
Zhou Qiang's mouth twitched and he almost pointed at Wang Wei's nose and called him an idiot.
Forget it, it's useless to be angry anymore.
Zhou Qiang looked a little embarrassed. He picked up the wine and drank it down. He raised his eyebrows and said to Fang Ziheng: "Mr. Fang, I admire you. Zhou always thought you were an outstanding filmmaker. I didn't expect you to be an expert in business."
"Amazing!"
"Mr. Zhou is being overly modest. I am engaged in the entertainment industry. Compared with ordinary capitalists who pursue profits, I value the supplement that Tudou Video will bring to Hengyu Media in the future."
"Well, in addition to the US$46 million, I will personally provide an additional US$1 million. Mr. Zhou will express your gratitude to the senior management of Temasek."
The senior management of Temasek was talking about Rod, the co-president of Southeast Asia who was on a business trip to North America.
Zhou Qiang will do the work for him, and it is up to him to decide how to express his gratitude.
Upon hearing this, the embarrassment on Zhou Qiang's face instantly melted away, and he directly reached out to Liu Minghui, who was already ready, to ask for the legal contract.
"Don't worry, Mr. Fang, I will definitely convey your thanks!"
Fang Ziheng smiled, picked up the wine glass and stood up: "Come on, come on, for the smooth cooperation of this time, let's go together!"
The atmosphere on the dining table instantly became harmonious, and several people exchanged glasses and felt so happy.
At this point, after more than half a year of preparation, Hengyu Media finally took over Tudou Video in one fell swoop and successfully acquired 47.2% of Tudou Video for US$97 million.
Hengyu Media became Tudou’s largest shareholder.
As long as Wang Wei holds 7% of his shares, no one will be able to challenge Hengyu Media’s position in Tudou Video.
After the meal, Zhou Qiang left satisfied with the contract.
Fang Ziheng pulled Wang Wei into the car and discussed the development of Tudou Video with him.
"Mr. Wang, you are still the director of Tudou. I hope you can help Hengyu Media transition for a month or two."
"Mr. Fang, this is not good, you know, my mind is not on the film and television industry."
Wang Wei opened his mouth and declined politely.
Since the founding of Tudou Video, his focus has not been on the film and television industry, but on short videos of 10 to 20 minutes, as well as animation and animation.
"Don't refuse in a hurry yet."
Fang Ziheng took out the cigarettes, handed them to Wang Weiyi and lit one for him, then lit one for himself and said with a faint smile: "Tudou Video is your child after all, Mr. Wang. Do you really have the heart to leave it?"
"I know what you are thinking. As for animation, don't worry. Tudou Video will set up a special department to work on this project in the future. Mr. Wang will be in charge of it then."
"Okay, I did it!"
After hearing this, Wang Wei no longer hesitated and agreed to help Tudou Video survive for a while.
Not long after, the Audi car came to Hengyu Media.
Andy took Wang Wei to visit the company and introduced the three colleagues assigned to Tudou Video by Hengyu Media.
Fang Ziheng returned to the office and immediately called Ning You, the director of the publicity department, and asked her to release the news about Hengyu's acquisition of Tudou Video.
Releasing news to the outside world is not just for bragging.
Tudou Video must be relaunched, and of course the more people know about it, the better.
In addition, video websites burn money faster than paper. Without massive cash flow, they simply cannot maintain huge servers.
Once the news is released, given the fame of Fang Ziheng and Hengyu Media's artists, they may be able to attract more investors.
When there are more investors, the stock price will inevitably rise.
As soon as the stock price rises, money will naturally come.
Six o'clock in the evening.
All major entertainment websites and portals across the country, as well as Sina Weibo and Tencent Weibo, reported the news in just a few minutes.
As soon as the news came out, it immediately shook the entertainment industry to the ground, and it rushed to the hot search lists as quickly as possible.
"Shocked: Tudou Video changed owners, and Hengyu Media became the largest shareholder!"
“Incredible: A top business director launched a US$100 million merger and acquisition and successfully acquired Tudou!”
"Following the acquisition of the No. 1 Chinese novel website in the country and the Tiantian Dongting music player, billionaire director Fang Ziheng once again spent millions of dollars to acquire the No. 1 video website in the country in one fell swoop!"
"Latest news on Sina Weibo: According to Ms. Andy, Vice President of Hengyu Media, Hengyu Media successfully acquired Tudou Video at noon today, acquiring 47.2% of Tudou Video from founder Wang Wei and Singapore Temasek Holdings respectively. shares and become the largest shareholder of Tudou!”
"Hengyu Media is once again working hard. It no longer focuses on a single film and television industry, but wants to create a circular entertainment industry!"
"Tiangong Yicai, Hengyu Games, Qidian Chinese Network, Tiantian Dongting, Tudou Video, Hengyu Media integrates film and television special effects, novels, games, music, movies, and TV series, and its territory has expanded infinitely, becoming the most potential new entertainment in the industry company!"
As soon as the news came out, not to mention Fang Ziheng's fans and Internet fans, even his colleagues in the industry were completely shocked.
Tudou Video, the former No. 1 video website in China.
After Wang Wei's marriage changed and Youku went public, it gradually fell to fourth to fifth place.
But no matter what, Tudou’s users, structure, and size are still there, and only the valuation has declined.
Hengyu Media, a film and television company established less than three years ago, was able to acquire Tudou without any fanfare and became a major shareholder!
It’s so unbelievable!
You know, No. 1 Youku Video was successfully listed on Nasdaq in North America, with a current total market value of US$3.8 billion.
"Mama Pi, this piece of shit Fang Ziheng doesn't want to make a good movie, but he wants to become a nagging capitalist!"
"Awesome! One hundred million dollars was spent without blinking an eye. If you give it to me, how many times can I use the sauna!"
"You, upstairs, only have this much potential. Didn't you hear that Fang Ziheng wants to build a new entertainment company? Do you think everyone is like you and only knows how to use saunas and has the ability to share your address and job number!"
"No matter what, it's easy to say that "The Secret of the Dragon" will be released as scheduled during the Lunar New Year. If it can't be released as scheduled, I'll see if I don't make Fang Ziheng fly!
"That's right, let alone Fang Ziheng's acquisition of Tudou Video. As long as the quality of movies remains online, even if he wants to buy all the video websites in the country, I will support him with both hands and even contribute two more movie tickets to him!"
"Fuck! 2012 is coming soon. I hope "The Secret of the Dragon" will be released soon and not be disturbed by the end of the world."
Compared with the happy eating of melons by netizens, many people in the industry have a further perspective, especially Wang Zhongjun, Yu Dong, Wang Changtian and others.
They knew very well that if the Tudou video was in Fang Ziheng's hands, all investors in China would know the news.
With Fang Ziheng's current fame and status, if he can make one or two movies with Tudou Video.
hiss..
They have reason to believe that when Tudou Video goes public, even if its market value does not live up to Youku’s glory, it will not be too far behind.
Immediately after seeing the report, they personally called Fang Ziheng and asked him whether the matter was true or false!
After learning that the matter was true, Wang Zhongjun, Yu Dong, Wang Changtian, and Li Ming congratulated each other and secretly breathed a sigh of relief.
Fang Ziheng is not afraid of being ambitious, but he is afraid that he will be stuck in the film industry and use the money he earns to develop new film projects.
If this were the case, other companies would have no chance of survival.
With Fang Ziheng's screenwriting skills and directing ability, the cycle is repeated, and it will take less than a few years to gradually eat away at the share of the Chinese film market.
At that time, the Hengyu Media family will dominate, and they will only be able to share the benefits.
Well now, Fang Ziheng started to engage in the Internet, and they eliminated their biggest competitor in the film industry.
We will all be good brothers from now on, hello, me, hello everyone!
Wang Changtian also made a few words of concern, reminding Fang Ziheng to be more steady, don't invest all your money in the Internet, and save some money to make a movie next year.
The Internet is a real gold-eating beast, and no amount of money is enough to fill the hole.
Wang Zhongjun from Huayi laughed the most happily and asked Fang Ziheng if the money was enough. Tell him if it was not enough.
This guy is also bad, and he has always wanted to invest in Hengyu Media!
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