My 1999
Chapter 464 Bandai Corporation
Son Zhengyi looked at the man in front of him steadily.
My mind wandered for a while.
Although he felt that Xu Liang's words made sense, he was not the kind of person who would give up easily.
"Since Xu Jun is not afraid of Yahoo! Japan's search, why do you still want to be aggressive and use Bandai in exchange?"
"no the same."
Xu Liang shook his head.
"I don't care, but it doesn't mean that Hongmeng doesn't care. I have to give an explanation to the people below, otherwise, why can I, as a competitor, enter Hongmeng's Series B financing?"
Son was silent for a moment.
"About Bandai, I will give you the answer later."
"OK, I'll wait for Mr. Sun's answer."
After that, the two of them stopped talking about work, ate and drank, and wiped out the dinner prepared by Sun Zhengyi.
"By the way, I heard that Mr. Sun is good friends with Mr. Nobuyoshi Fujita, the president of Sanyo Foods Co., Ltd.?"
Xu Liang suddenly asked.
Although he was a little surprised, Son nodded.
“We were alumni and good friends when we were studying economics at the University of Berkeley in the United States.”
"Mr. Sun, please help me make an appointment with Mr. Fujita."
"It's okay to make an appointment, but I don't know what exactly Xu Jun wants? If Fujita asks, I can answer it easily."
"We'll discuss the specific details after we meet in person. I'm not sure yet."
Seeing him shirk, Sun Zhengyi nodded and didn't ask any more questions.
Xu Liang stood up.
"I've finished eating. Thank you very much for Mr. Sun's hospitality."
Son Zhengyi reached out his hand as he stood up.
"Every time I meet with Xu Jun, I benefit a lot."
"Excellent."
A brief handshake.
"Mr. Sun, I'll take my leave then."
"I'll send Xu Jun off."
After arriving outside the door and saying goodbye again, Xu Liang got in the car and left.
Looking at the car silhouette in the distance, Son Zhengyi frowned tightly.
Originally, he thought that with the industry influence of Yahoo! Japan, he could quickly open up the field of Internet search and surpass Hongmeng Bing in two to three years at most.
But after listening to Xu Liang's analysis, it seemed that things were not as simple as he thought before.
In addition, the words he originally planned to appease Xu Liang and Hongmeng were not used at all, and the matter was resolved.
Bandai is a listed company. After half a century of development and several ups and downs, the Yamashina family behind the company does not hold much stock.
With SoftBank's power in Japan's corporate world, it is not difficult to directly acquire 20% of Bandai's shares.
Moreover, Xu Liang’s 10% commission is also very generous.
What you think is difficult is actually very simple, and what you think is simple is actually very difficult. This is Son's current mentality.
After standing in front of the door for a long time, he woke up after being reminded by his secretary.
"Anyway, now that the decision has been made, we can't look forward or backward."
Son made a decision.
Successful people have their own pride, so he decided to take a gamble.
He took out his cell phone and called Inoue Masahiro.
"Inoue, it's me. Terminate the contract with Hongmeng and pay all the liquidated damages of US$200 million."
When Hongmeng Bing signed a search service contract with Yahoo, it was for four years and had a liquidated damages of US$200 million.
It's not that Xu Liang didn't want to set a higher price, mainly because two years ago, everyone was a small company with a valuation of no more than 100 million US dollars, and a liquidated damages of 200 million US dollars was a sky-high price.
Not like now.
Not to mention 200 million, even 400 million US dollars, Son Zhengyi would not hesitate to tear it up.
"President, would it be too early to tear up the contract now? Hasn't Hongmeng Series B not been signed yet?"
According to the previous discussions between the two, Yahoo Japan will not tear up the contract until SoftBank’s investment in Hongmeng is completed.
"I don't want to wait any longer. There are still two months left for Hongmeng's Series B financing. I don't know how many rounds of negotiations have gone through in the meantime. When it is finally finalized, it will probably be September or even October.
By then, Bing will become increasingly difficult to shake in Japan. "
“Did you give up on Hongmeng’s Series B financing?”
"No. I agreed to Xu Liang's other conditions." Sun Zhengyi said.
Although Inoue Masahiro was a little curious, he wisely did not ask any more questions.
"I know, I'll notify the lawyer right away."
"The sooner the better."
"Hi."
On the way back to the car.
"Mr. Xu, is Hongmeng going to acquire Bandai?"
Lu Hui asked.
"The money from Series B financing has to be spent, and Bandai is a very suitable target. However, it is not easy to acquire, which requires a long-term plan.
SoftBank is the first step. "
"Aren't you afraid that Masayoshi Son will regret it after receiving Hongmeng's B-round financing share?"
"Haha, of course I'm not afraid. Everyone is greedy, and Son is even better.
If he rejects me, it means rejecting Hongmeng’s Series C financing opportunity and the financing opportunities of my other companies. Moreover, half of China’s Internet companies have financing from Hanhua.
If we deliberately make things difficult, SoftBank's development will not only be difficult, but it will also be much more difficult.
He can't be that stupid. "
Lu Hui nodded understandingly.
As soon as he returned to Hongmeng Dongying Branch, Hideo Fukunaga hurriedly came over.
"Mr. Xu, I just received a call from Yahoo! Japan. They will tear up the search service agreement signed with us three years ago and compensate us for US$200 million in liquidated damages."
"Masayoshi Son is very determined."
Lao Sun really showed him the determination of a successful entrepreneur.
"President, what should I do?"
"Cool. If Yahoo Japan wants to search, let him do it. As long as he doesn't join forces with Google, don't worry." Xu Liang said.
The current market environment is different from three years ago.
After three years of continuous development, Bing has successfully occupied 80% of Japan's search market.
No one knows better than Xu Liang how difficult it is to subvert a company when it has such a huge advantage.
Unless we enter the mobile Internet era, it is simply impossible.
Xu Liang's calmness calmed Hideo Fukunaga's panic.
"By the way, when Yahoo! Japan's US$200 million in liquidated damages arrives, you can go to the secondary market and exchange it for Bandai shares."
"Bandai Corporation?"
Xu Liang nodded, "Bandai's business fits well with ours. If we acquire more shares, the future cooperation between the two parties will be smoother."
Xu Liang didn't plan to say more about the plan to acquire Bandai Company until he had no clue about it.
Hearing what he said, Fukunaga Hideo didn't doubt anything.
He agreed and left.
However, although Hideo Fukunaga doesn't need to say much, Xie Wen must make it clear.
As the COO responsible for the daily management of the company, only by keeping pace can the company develop rapidly.
"Bandai is indeed a good complement to Hongmeng's pan-entertainment business. It can not only expand our offline channels and products, but also learn from their development experience to develop the domestic market, killing two birds with one stone." Xie Wendao.
"Heroes think alike, I think so too." Xu Liang said with a smile.
"Although Bandai is good, it is not easy to acquire it. It is not just enough to have money." Xie Wen said.
“I will send emails to Bandai’s shareholders, as well as officials from Japan’s Fair Trade Association and the Ministry of Economy, Trade and Industry, inviting them to invest in Hanhua’s funds, especially the Blue Dragon No. 1 Fund.”
Qinglong No. 1 Fund expires at the end of November.
Xu Lianghui will start the fundraising work in advance.
After hearing this, Xie Wenxin put most of his mind down.
With the ultra-high profits of Qinglong Fund, whenever there is an opportunity, you will not miss it.
Once on board, there will be basically no obstacles if interests are connected.
"Mr. Xu, I think you can relax a little more. The more people in the water, the safer it is."
"I know, don't worry."
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