Vol 2 Chapter 310: Bona fide mergers and acquisitions, hostile mergers and acquisitions
Chapter 310 Good faith mergers and acquisitions, hostile takeovers
If it is not a bona fide acquisition, but a hostile acquisition, this is also a warning to other online game companies, and even a naked threat. Think about it, President Cao of Xinlang.com also criticized Lin Feng, ridiculing Lin Feng for being indifferent, and now it's okay, "Second World" directly acquires him in the stock market through the secondary market. This is too domineering! Shameless! But it also *naked proof that the "Second World" is now strong. Although in the global game market, the "Second World" is only a new army, but in China, it has become an unshakable Big Mac.
Regardless of whether it is a bona fide acquisition or a malicious merger, it is by no means good news for these online game companies. Now they can only hope that the new wolf net can stand up and fight against the hegemonic behavior of the "Second World" and become the Optimus Prime above their heads.
President Cao, it's a man, just stand up straight, don't get down! ——The CEOs of countless domestic online game companies silently prayed with tears.
The financial sector was also extremely shocked. After all, this was the first acquisition in Asia through the stock market. Coupled with the grievances between the two companies before, many experts speculated whether Lin Feng could join Xinlang.com. Especially in the face of this kind of naked hostile acquisition, no one believes that President Cao will give up on this with the grievances of the two companies.
A war between acquisition and anti-acquisition is about to start!
As for many netizens, they are almost on Lin Feng's side. Especially the tens of millions of players in the "Second World" clapped and cheered, shouting that it would be best for Lin Feng to acquire Xinlang.com, so that someone from Cao would be chattering there.
What's wrong with the "Second World" building the world's first skyscraper? It's a matter of your concern. If you have the skills, you can fix it yourself! Just a magical baby that the "Second World" doesn't want, earn so little money, and show off like a treasure, virtue! —— Numerous "Second World" loyal players lashed out at Xinlang.com.
As for the users who support Xinlang.com, especially the users of many magic baby players, after learning that Lin Feng has acquired 19.5% of the shares of Xinlang.com, he began to hesitate. After all, the success of the "Second World" is there. If under the leadership of Lin Feng, can Magic Baby be more successful? Can players like them enjoy better gaming fun?
But Sohu, Netease, and Tencent, which are also the four major domestic portals, have different attitudes. Both Sohu and NetEase pointed out that "Second World" is an online company. Although Xinlang acts as a game agent, it is essentially a portal website. The merger of these two companies will not have the effect of 1+1>2 at all, and may have the opposite effect. Perhaps out of lip and tooth, the two companies are firmly opposed to this hostile takeover.
QQ.com is a bit analogous. On the one hand, without Xinlang.com, Tencent will have a broader market in the portal industry. Both Sohu and Netease are sick. If there are no accidents, it won't take long. Only Xinlang.com relies on the magic baby to stand in front of Tencent. If Xinlang.com breaks down, Tencent will naturally be the biggest beneficiary.
However, if the "Second World" acquires Xinlang.com and is interested in getting involved in portals, it is by no means good news for Tencent. It can be said that the wolf has gone, but the tiger has come!
The foreign media was also amazed. Especially for Lin Feng, this newcomer in the business world who has only sprang up in the last two years, is too dazzling. Looking through the records carefully, it seems that in the past six months, there has been a lot of effort, which is simply overwhelming.
Regardless of how people question or expect from all walks of life, the stock price of Xinlang.com has risen to 5.7 yuan after Lin Fengfang acquired 19.5% of the stock of Xinlang.com. Obviously, for many investors, Lin Feng's strong intervention is good news. The success of the "Second World" is there. Judging from the miracle created by Lin Feng, it is absolutely capable of leading the new wolf net to create new brilliance.
In contrast to the various opinions of the outside world, Xinlang.com had to temporarily convene a board of directors because Lin Feng suddenly announced that it had acquired 19.5% of the shares of Xinlang.com. They must figure out whether Lin Feng is a bona fide acquisition or a hostile acquisition.
Good faith mergers and acquisitions are the merger of two companies to produce an effect of 1+1>2. At present, it also has this effect. Malicious mergers and acquisitions are a means used purely to increase capital. When the stock price of the target company is lower than the market value, it will be sold for cash after the acquisition, which is absolutely unacceptable to the board of directors of Xinlang.com.
As the largest individual shareholder and chairman of Xinlang.com’s current management, Cao never believes that Lin Feng wants to acquire Xinlang.com. I am afraid that once Lin Feng successfully enters the board of directors of Xinlang. Sell the money-making magic baby. As for the seller, needless to say, who else is there besides the "Second World"?
Even if Lin Feng adopts a merger plan and hopes that the two companies can 1+1>2, but Lin Feng enters the board of directors of Xinlang.com, and President Cao himself has only 10% of the shares, but Lin Feng owns 19.5% of the shares. Does he look at Lin Feng's face and act? This is what President Cao would never want to see.
However, it was too difficult to fight Lin Feng. The equity distribution of Xinlang.com is too fragmented. The eight senior executives of the company only held 20% of the shares through this mbo case. Lin Feng personally held 19.5%. Ten venture funds and ten investment institutions held a total of 50.5%. Holds 9% of shares. Mr. Cao was not sure how many of these people supported him and how many supported Lin Feng.
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"Mr. Cao, I propose to adopt the'Poison Pill Plan' to deal with Lin Feng's hostile takeover." The Chief Financial Officer Yu Jun also did not hesitate to define Lin Feng as a hostile takeover.
The rest of the management also nodded. Although they were dissatisfied with Mr. Cao's external declaration, the stock price of Xinlang.com fell. But that was their internal contradiction, and now that Lin Feng was strongly involved, they naturally formed a group to fight against foreign enemies. What's more, they really don't like Lin Feng. Although Lin Feng's arrival may make the new wolf net take off, but Lin Feng may also be trying to dismantle the new wolf net. They would never dare to take this risk.
If you want to acquire Xinlang.com, you can. But you have to sit down for an interview and want to buy from the secondary market forcibly, no! ——This is the consensus reached by President Cao's board of directors.
Subsequently, President Cao held a press conference and repeatedly emphasized that Xinlang.com welcomes any investors to take ownership of Xinlang.com, but firmly opposes the acquisition of Xinlang.com through the use of stocks in the secondary market. He also warned that if Lin Feng owns 19.5% of Xinlang.com’s shares, and 0.5% more, Xinlang.com will adopt a "poison pill plan" to distribute new shares. All Xinlang.com shareholders (except Lin Feng), They can buy half of the new shares they hold at 10%.
The announcement of President Cao's announcement shocked the industry again. If Xinlang.com really launches the "Poison Pill Project", Lin Feng's acquisition of Xinlang.com will spend 10 times the amount before. With the current market value of Xinlang.com, this is an absolute loss-making business, and the "Second World" does not have so much capital for acquisitions.
"Of course, I hope to be able to communicate with Lin Dong. I think our two companies should resonate in many aspects of cooperation, and I believe this is beneficial to both of our companies." President Cao did not want to really launch the "poison pill". "Plan" is not good for the company's future trends.
All eyes of the industry were once again directed at Lin Feng. Will this "second world" led by the youngest and richest man in mainland China retreat, or compromise and adopt cooperation?
Many "second world" players are also paying close attention to this matter. They are eager for Lin Feng to acquire the new wolf (many players instinctively hate the new wolf that is closely related to the Japanese), but they do not want Lin Feng to acquire the new wolf at an unbearable price.
In response to Mr. Cao's provocation, Lin Feng surprised everyone, but kept silent mysteriously, neither avoiding the battle nor facing the battle. At this time, the United States Nasdaq, the new wolf net stock price stopped at 5.6 yuan. The investment market is watching Lin Feng's attitude. If Lin Feng chooses to communicate with President Cao and choose to cooperate, Xinlang.com's stock price will rise sharply, but if Lin Feng chooses to buy, Xinlang's stock price will fall sharply.
Between one thought, life and death are boundless.
But to everyone's disappointment, Lin Feng did not respond at all. Instead, he went to Beijing to participate in the CCTV's 2008 Golden Resource Advertising Bidding Conference.
Upon learning of Lin Feng's itinerary, Mr. Cao vomited blood. For the company, he had to lay down his dignity and publicly expressed in the media that he hoped to communicate with Lin Feng and discuss cooperation between the two companies.
Unexpectedly, Lin Feng did not respond to this at all, and he did not even make a call. Now Lin Fengren went to Beijing to participate in the 2008 CCTV Golden Resource Advertising Bidding Conference, but he did not come to Xinlang. This made Mr. Cao feel that Be despised by others, be extremely despised by others. But at this moment, after Lin Feng owned 19.5% of the shares, he did not move anymore. It doesn't go up and down, it's stuck in the middle, like a stalk in the throat.
On November 8, 2001, Lin Feng appeared at the 2002 Golden Resources Advertisement Bidding Meeting of Imperial TV Station.
For the appearance of Lin Feng, the CEOs of many manufacturers who participated in the conference were surprised. The acquisition and reverse acquisition between "Second World" and Xinlang.com are at the critical moment, but Lin Feng has appeared in Beijing, which is incredible. And seeing Lin Feng with a smile on his face, easily greeted the bosses he knew well, leaving the bosses at a loss. I don't know whether to admire Lin Feng's calmness, or to admire his newborn calf not afraid of tigers.
"My brother, it's not bad, how about it, are you planning to acquire Xinlang.com this time?" Shi Yuzhu of the giant group intimately patted Lin Feng on the shoulder and asked. Although he didn't buy shares of Xinlang.com, he was extremely curious. This is the most concerned news recently, but Lin Feng refused to respond and hung everyone in the air.
"Hehe, I'm just investing." Lin Feng just smiled. I also know that the outside world is waiting for my own response, but I am not in a hurry at this stage, let them wait slowly! This good show has just begun!
Shi Yuzhu also smiled and stopped asking. He just asked casually, not really expecting an answer.
"By the way, Brother Lin, the journey of our cooperative development will be on the market during the Spring Festival. I don't know what the prospects are?" Shi Yuzhu looked at Lin Feng and sighed again and again!
