Vol 2 Chapter 309: Acquire New Wolf

Chapter 309 Acquisition of New Wolf

After Mr. Cao’s impassioned declaration, Xinlang.com’s stock price fell to $2.9 amid fierce criticism from the public opinion community.

The next day, Xinlang.com's routine daily meeting.

President Cao looked at the expressions of the members of the board of directors, as if he had dug their ancestral graves, with an expression of hatred and bitterness, which made President Cao extremely unnatural. ——Damn, didn’t you just say a few words? Normally, you have never criticized Lin Feng less, why do you look at me like this! I'm just talking about everyone's feelings. I just happened to be framed by the **** reporter!

The eyes of everyone on the board of directors looking at Mr. Cao were naturally full of resentment. Originally, the company's stock price had risen steadily and the situation was great. As a result, he criticized it and the stock price immediately fell below 3 yuan. How are these board members not upset? Their net worth is on Xinlang.com. In the past few years, Xinlang.com has not made any money. Now that they have finally made money, how can they tolerate Xinlang.com to resume its previous embarrassment.

"Well, let's start discussing the work plan for next week." President Cao gave the group of shareholders a helpless look. The shareholding structure of Xinlang.com is too fragmented. As the CEO, he only holds 7% of the shares. He is already the largest individual shareholder. It is precisely because of this that led to the establishment of the new wolf nets. Every general meeting of shareholders is no less than a general election in the United States.

In the end, this daily routine meeting passed in boredom.

However, after the meeting, President Cao immediately called to find the entertainment reporter who interviewed him.

"Hey, isn't our agreement to be anonymous? How did you do it?" Mr. Cao snapped his head and scowled.

"Mr. Cao, I was wronged, but I am anonymous." The entertainment reporter was scolded by someone, but he was not in a hurry, but repeatedly cried out injustice.

"But the sentence you revised let everyone know who I am. Didn't you make me mess up! Is there a reporter like you!" Mr. Cao is anxious, because of this report, he is now extremely passive. .

"Mr. Cao, there's no way. I'm just a reporter. It's just a typo. Or, I'll write you an apology. What do you think?" The entertainment reporter said very "sincerely", but the tone was very impressive How can I feel like I'm playing a rogue.

President Cao was speechless for a while. At this time, writing an apology statement is useful. It's not that there is no silver three hundred taels here. It is even more obvious to tell everyone that it is what Cao said, that is not to send bullets to the "enemy" to hit yourself!

Although President Cao was extremely angry and dissatisfied, the other party was willing to apologize and apologize. What else could he say? Although this apology may seem to President Cao to be the opponent's rogue method, President Cao has no choice but to suffer a dumb loss this time.

A lawsuit? President Cao gave up after a little thought. In a lawsuit against entertainment newspapers, you will always suffer. Once the lawsuit is settled, regardless of the outcome, the other party will immediately become famous. I am afraid that it will be eager for you to fight the lawsuit. The more the lawsuit, the better its sales.

In the end, Mr. Cao could only make up his mind not to accept interviews with these **** entertainment reporters again.

At this time, the "Second World" headquarters.

"Dong Lin, what are you going to do?" Hearing that Lin Feng wanted to clean up the new wolf net, Wu Zhaopu's heart became active.

"Haha, Mr. Wu, I am going to acquire Xinlang.com." Lin Feng smiled slyly.

Wu Zhaopu's eyes lit up. In contrast to Sohu, which belongs to Zhang Chaoyang and Netease to Ding Lei, Xinlang.com has become an ownerless "lone spirit and wild ghost" because of its excessively dispersed equity. It is also the only listed company that may be acquired by domestic portals.

"But I'm afraid that they will start the'Poison Pill Project.' That way, it might be difficult to acquire Xinlang.com, and it will cause a showdown." Wu Zhaopu said worriedly.

The "Poison Pill" plan has long been an ideal weapon for the stock market to fight hostile takeovers. It was invented by Martin Lipton, a well-known American M&A lawyer, in 1982, and it was officially named "Equity Diluting Anti-takeover Measures."

In the most common form, once an unauthorized party acquires a large share of the target company (usually 10% to 20% of the shares), the poison pill plan will start, causing new shares to flood the market. Once the poison pill plan is triggered, all other shareholders have the opportunity to buy new shares at a low price. This can greatly dilute the acquirer's equity, and then make the acquisition costly, so as to achieve the purpose of resisting the acquisition.

"Don't worry, I was prepared for this." Lin Feng said confidently.

In the past, "Shanda" acquired Sina, but it was defeated by Sina's "Poison Pill" plan, and finally returned. Although he cashed out the stock and made more than $100 million from it, he failed to achieve the original acquisition goal. Lin Feng will not repeat the same mistakes, he has more resources for his own use.

Lin Feng whispered in Wu Zhaopu's ear. After listening, Wu Zhaopu gave his thumbs up, and Lin Feng was shrewd.

Three days later, Li Zekai and Lin Feng completed the transfer of 10% of the shares of t.com, and Lin Feng had US$213 million in his hands. Lin Feng contacted Goldman Sachs' chief analysis officer, Abby Cohen, and commissioned Goldman Sachs to secretly acquire shares of Xinlang.com.

In just three days, under the lightning acquisition of Goldman Sachs, Lin Feng owned 20 million shares of Xinlang.com, and at a cost of $58 million, he acquired 19.5% of the shares of Xinlang.com. However, this secret acquisition was finally noticed by Xinlang.com.

"Mr. Cao, our company's stock has been bought by people on a large scale." Yu Jun, the chief financial officer of Xinlang.com, broke into Cao's office and said hurriedly.

"What? Do you know who it is?" Mr. Cao asked anxiously with a black face.

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"I don't know, but this mysterious buyer has acquired 19.5% of our company's shares and became the largest shareholder." The analyst said with a headache. He has exhausted his abilities to check, but he can't find out who the master is behind.

Naturally, Yu Jun didn't know that there was the shadow of Goldman Sachs behind the scenes. Taking Goldman Sachs's position on Wall Street, it was too easy to be commissioned by Lin Feng to secretly acquire a listed company in the secondary market. It is difficult to find out.

President Cao's face suddenly became gloomy, and the unknown opponent was the most terrifying.

"Mr. Cao, what are you going to do now? Our management holds 11% of the shares. This mysterious buyer has become the largest shareholder. Although there are few remaining shares on the market, if he contacts other shareholders before the next shareholders meeting If we get their support and join the board of directors, we are threatened!" Yu Jun looked anxious.

President Cao was silent, thinking about countermeasures. But even the opponent doesn't know who it is, how can he come up with countermeasures.

"Mr. Cao, do you start the "Poison Pill" plan?" Chief Financial Officer Yu Jun asked.

President Cao frowned. The "Poison Pill" plan is indeed the best response to this kind of hostile takeover, but it is a double-edged sword that hurts the enemy and ourselves. If it is not necessary, it is best not to sacrifice this ultimate "killer." What's more, now Xinlang.com has finally gotten out of the quagmire, and other domestic portals of Swordsman, once the "poison pill" program is launched, I am afraid that they will fall into the quagmire again.

If it is not necessary, at the moment of life and death, President Cao is absolutely unwilling to use this kind of method of hurting the enemy by one thousand and harming himself by eight hundred. The "poison pill" project can only serve as a deterrent like an atomic bomb.

"Not for the time being. We will hold a shareholder meeting. We will start the mbo (management self-acquisition) plan. First, we will temporarily self-purchase some stocks, maintain control of the company, and watch the changes." Mr. Cao thought for a while and said safely.

Subsequently, the management of Xinlang.com headed by President Cao spent US$27.9 million to repurchase 9% of Xinlang.com’s shares and once again became the largest shareholder of Xinlang.com. President Cao also held a press conference to announce the mbo operation. The industry's sudden start of the mbo plan for Xinlang.com is really a bit inexplicable. They have speculated whether Xinlang.com has entered a new round of equity change cycle (Xinlang.com has too many precedents, so many experts in the industry have been a little bit wary).

However, at the press conference, President Cao only frankly stated that this is a conventional method of New Wolf Network in order to improve the financial situation of New Wolf Network, enhance the executive ability of the Board of Directors of New Wolf Network, and accelerate the development speed of New Wolf Network.

In this regard, financial experts in the industry still appreciate it. After all, the equity structure of Xinlang.com is too scattered, and it is always a good thing for management to increase its shareholding. It has a significant effect on the long-term development of Xinlang.com. However, many financial experts always feel that it is not so calm on the surface, it seems that there are some waves hidden.

After the press conference, Mr. Cao also began to pay close attention to the stock market of Xinlang.com to see if this man behind the scenes will jump out of the water. At this time, due to Lin Feng's secret acquisition and Xinlang.com's repurchase, Xinlang.com's stock has quietly risen to $3.1.

"Lin, Xinlang.com's management repurchased 9% of the shares and owns 20% of the shares, and once again became the largest shareholder of Xinlang.com. There are about 8% of the outstanding shares in the market. Do you continue to purchase?" Abby Cohen called .

"No need, enough." Lin Feng said with a smile. I don't want to acquire Xinlang.com at one time. The market shares only account for 37.5% of the total share capital of Xinlang.com, which is not enough to complete the acquisition. Once the upper limit of the "Poison Pill" plan is exceeded, Lin Feng can be sure that President Cao will immediately implement the "Poison Pill" plan regardless of everything. The result of losing both ends is not what Lin Feng wants.

19.5%, just right!

In the afternoon, Lin Feng held a press conference to announce that he had acquired 19.5% of Xinlang shares and became the largest individual shareholder of Xinlang.com.

This news was almost like a bolt from the blue, shocking all reporters on the spot! In the morning, Xinlang.com just announced that the management of Xinlang.com had repurchased 9% of its shares. In the afternoon, Lin Feng announced that it had acquired 19.5% of the shares of Xinlang.com and became the largest individual shareholder of Xinlang.com. If there is no connection between the two, they won't believe it if they are killed.

The keen reporter immediately raised a question and asked whether Lin Feng had counterattacked and retaliated against the previous article signed "Analysis of a Certain Industry President". A discerning person knows who published this article at a glance, and his identity has almost become an open secret.

"Hehe, I just think that the stock price of Xinlang.com is relatively low now, and Xinlang.com has great prospects for development, so I invest. Remember, this is an investment, not an acquisition." Lin Feng said.

Although Lin Feng did not admit that it was an acquisition, it was just an investment, but for many reporters, it was no different from an acquisition. Moreover, in contact with the previous affiliation between the two companies, Xinlang.com snatched the agency rights of Magic Baby from the "Second World" and provoked the "Second World" again and again. "A certain industry president" just published an article targeting "The Second World". "Second World" criticized article. In the past three days, Lin Fengbian suddenly announced that he had acquired 19.5% of Xinlang.com's shares. If this was not a retaliatory act, then the world would have no revenge.

Didn't you say that we didn't have enough funds, we bought your new wolf and showed it to you. ——Many reporters speculated that this is Lin Feng's voice.

Although Lin Feng has been clinging to the word "investment" and refused to reveal more joy, for reporters, it was enough for them to use their imagination. We must know that this acquisition was the first time in Asia that one company acquired another company in the stock market. Coupled with the previous grievances between the two companies, the news has been speculated again this time, so why worry about the sales of newspapers!

However, all reporters selectively ignored Lin Feng's emphasis on the word "investment", and Lin Feng always said "I" instead of "Second World".

As soon as the news of Lin Feng's acquisition of 19.5% of Xinlang.com's shares spread, it immediately triggered a heated discussion. The first thing that was shocked was the numerous online game companies in the industry.

Is "Second World" a bona fide acquisition or a hostile acquisition this time? If it is a bona fide acquisition, the many online game companies that are already struggling with food and clothing will probably have no way to survive in the future.

Now, "Second World" legends have killed role-playing online games, counter-strike online has killed first-person shooting online games, Audition’s all-star lineup has killed entertainment online games, and the just-launched fierce football has begun. A full-scale invasion of sports online games, the only fertile ground for their second-rate online game companies to survive is left with 2d turn-based online games and 3d role-playing online games.

However, these two types are inherently small in space and limited market cakes. Now everyone is desperately trying to gain ground in these two remaining cake markets. If Lin Feng acquired Xinlang.com. The 2d turn-based online games will definitely become the "Second World" in the bag. Incidentally, it also has the first domestic portal website, and the "Second World" position in the game industry is even more unbreakable.

For these online game companies, there is only the 3d online game market. But the entire game industry knows that "Second World" is developing a 3d version of Jianxia Qingyuan online. Once it comes out, it will be another tragic fight. Although the online game market relies on the quality of the game, how can they compete with Lin Feng when there is no good work out there now, and there is no liquidity?

But if it is not a bona fide acquisition, but a hostile acquisition, then things are even worse.