Chapter 654 [Cutting Hu]

"What's the name of Chen Yu's search business?" Fang Hong asked.

"Lingjing Search." Tian Jiayi replied, and added: "In order to promote the layout of the search business faster, Chen Yu plans to buy the Sogou search engine owned by Sohu. Recently, Teng Xun also intends to acquire Sogou. If the transaction is concluded, Teng Xun will obtain Sogou’s estimated 35% to 37% equity after fully dilution.”

Fang Hong nodded, the name is not the key.

"According to Chen Yu's report, he intends to take over the absolute control of Sogou for integration and reorganization. According to Teng Xun's quotation, Sogou's overall valuation is no less than 1.5 billion US dollars. To win control, there must be a control premium. , the price is not cheap, Chen Yu wants to borrow a sum of money from the parent company for mergers and acquisitions."

Fang Hong asked, "How much does he want to borrow?"

Tian Jiayi replied: "I reported 20 billion yuan."

Hearing this amount, Fang Hong thought that Chen Yu probably wanted to get it quickly, so he simply said: "Give it to him, but the interest rate must be based on the market price. That kid has made a lot of money this year. He probably wants to get it quickly." Sogou, otherwise, I probably wouldn’t have come to the parent company to borrow money.”

Fang Hong knows that Quantitative Capital has made a lot of money in the first half of this year, but it has not been cashed out. In the first half of this year, Quantitative Capital can earn at least 35 billion yuan.

After a while, Fang Hong thought about it and said: "He wants to take down Sogou, I suggest that he bypass the company and talk to Mr. Zhang with Sogou's parent company."

Tian Jiayi nodded: "Okay."

...

After the weekend weekend, Monday, May 27.

At the opening of the market in the morning, Quantitative Capital jumped +8.47% at a price of 61.97 yuan. After the opening, the second board went out of the five consecutive boards, and the stock price rushed to a record high of 62.84 yuan.

However, five minutes later, the board exploded and stepped back by 3 percentage points, but immediately after the big funds changed hands and closed back strongly, the trading volume of the whole day was 1.496 billion. After releasing a huge amount of more than 5 billion last Friday, today a shrinking Volume daily limit.

On the next Tuesday, Quantitative Capital issued an accelerated one-word daily limit strongly, and went out of the six-linked board. The stock price rushed to 69.12 yuan, with a market value of 96.629 billion.

The market index also went up in heavy volume this afternoon. The A-shares came out of the "Red May" market. The Shanghai Index rose +1.23% today and closed a bald sun. It once again stood above the 2300 point mark and closed at 2321.32 points.

Quantitative Capital is the well-deserved leader in the popularity of the two cities at the moment. The third segment of the main Shenglang market recorded 10 daily limits in 12 days, an increase of +157.43%, and the cumulative increase of the three main Shenglang reached +969.97%, which is about to approach ten. Since the first day of the resumption of trading, the annual line has reached a cumulative increase of +2675.90%, which is more than 24 times.

It is worth mentioning that today the market continues to break through upwards. The concept stocks of Qungalaxy not only outshine the quantitative capital, but Xingyu Technology also closed at the daily limit. The market value scale is 1049.102 billion, once again standing on the trillion market value mark.

Previously, the stock price of Xingyu Technology once fell to 1.14 yuan. Few people could have imagined that, but now the stock price has reached 3.81 yuan, an increase of +234.21%, which has more than doubled and returned to the trillion market value. think.

Shareholders in the big A and two cities saw the trend of Qun Galaxy in the past two months, and all those who were short-sighted regretted not buying the bottom.

Anyone who chooses a group of galaxy concept stocks can easily double in the past two months. If they can hold the popularity leader of quantitative capital, the current income will be almost ten times.

It is worth mentioning that just this afternoon, Chen Yu had already led the acquisition team to the capital, and had already made an appointment with Mr. Zhang, the head of Sohu, to meet tomorrow.

This time he personally led a delegation, with a very clear purpose, to buy Sogou Search.

...

The following day, Wednesday 29 May.

At around 10:00 in the morning, Chen Yu led a delegation to visit the Souhu headquarters. At the same time, the A-share market, out of the quantitative capital of the six-linked board, did not open a one-word daily limit today, but it also opened significantly higher by +6.12%. At this moment, the stock price Oscillating at the +8.50% water level.

Just five minutes ago, the stock price of Quantitative Capital soared to 75.57 yuan, an increase of +9.33%, which was close to the daily limit, but it did not hit the seventh board, and the current stock price fluctuated at a high level.

However, today's record high has also pushed the peak market value of Quantitative Capital to 105.646 billion yuan, entering the 100 billion club for the first time.

From the price limit of 18 consecutive boards to 6.46 yuan to the highest price in today's history, the cumulative increase of the three main Shenglang reached +1069.81%, which has increased tenfold in about two months. The cumulative increase in the annual line since the resumption of trading is given. It reached +2934.94%, an increase of more than 29 times. So far, it is the stock with the largest increase in the A-share market and the two markets this year.

...

At the same time, the headquarters of Souhu Company.

Its head, Mr. Zhang, is receiving people who quantify capital in a VIP reception room.

Chen Yu was also not procrastinating, he came straight to the point when he came, Mr. Zhang looked at the young man in surprise when he heard it, and after a while he said: "Do you want to buy out all the shares held by Souhu? "

"Yes, there are recent rumors that Teng Xun intends to inject 450 million U.S. dollars into Sogou and merge its Teng Xun Soso business and other related assets into Sogou. Our company is willing to pay a higher price to buy Sogou. "Chen Yu nodded and smiled.

Mr. Zhang is not familiar with the Quantitative Company, and he has not paid much attention to the recent domestic capital market. However, the preliminary materials sent by the people below show that the parent company of Quantitative Capital is Qunxing Capital. This is what Mr. Zhang is willing to meet with Chen Yu. One big reason.

But when he learned of Chen Yu's intentions, he refused without thinking too much: "I'm sorry, young man, I have no intention of selling the old man directly."

Souhu let Teng Xun take a stake in Sogou. Although Teng Xun’s shareholding ratio will increase to about 40%, Souhu and its related parties are still Sogou’s controlling shareholders, and the introduction of Teng Xun is because of the company’s Traffic entrance and influence on the domestic Internet.

After experiencing the 3Q battle, Xiao Ma learned from the pain and felt that what the leader in red said was very reasonable.

So after the 3Q war, Goose Factory began to adjust its own strategy. Instead of copying its opponents in person, it decided to directly invest in the opponent to become its major shareholder, and then use its own traffic to support the opponent.

In the search market, Goose Factory also launched Teng Xun Soso, but the half-dead ones did not improve, so they thought of merging with Sogou.

Hearing the refusal of the head of Souhu, Chen Yu was not in a hurry, and said with a smile: "I believe that there is no deal in this world that cannot be reached. If there is, it means that the price has not been negotiated. Mr. Zhang might as well make an offer." If I can accept the price, I will buy it in cash."

Whole cash acquisition?

Hearing this, Mr. Zhang was secretly shocked. His tone was richer than that of the goose factory.

Most people say that, Mr. Zhang will just give him a blank stare and drive him away, but Quanxing Capital is behind Quanxing Capital, so it may not be without such financial strength.

However, Mr. Zhang really didn’t want to package and sell Sogou. It’s true. This is equivalent to giving up the search market and going out directly. Sogou is now the top three search engines in the domestic market share.

He thought about how to refuse.

After a while, Mr. Zhang thought about giving the other party a persuasive price, so he said: "If you want to buy Sogou, then use 3 billion U.S. dollars to buy it in all cash, and complete the payment within the next month. If you can accept My conditions..."

Mr. Zhang paused for a moment, then looked at Chen Yu: "...I'll sell it."

As soon as the words fell, Chen Yu replied without any hesitation: "Okay, deal."

Mr. Zhang nodded subconsciously and said, "Um, huh? What did you say?"

Chen Yu repeated with a smile: "Mr. Zhang, I accept your conditions."

Ah this...?

Even Mr. Zhang, a big shot at the Internet generation level, was also taken aback for a while!

He specially offered a price of 3 billion US dollars, which is equivalent to a 150% premium based on the current overall valuation.

As a result, the other party didn't even blink an eye, or even make a counter-offer, and agreed right away?

...