Chapter 1203 Can't escape yet

Buy a house, buy a house.

Beverly Hills is the center of Hollywood and the most famous wealthy area in Los Angeles. There are also many properties for sale recently, so you can buy them as soon as possible.

Zhou Buqi ran out of time, so he went to New York early the next morning and asked Xu Baihui to help contact the real estate.

"How long will it take to negotiate?"

On the plane, Zhou Buqi looked a little impatiently at Goldman Sachs Vice President Rose Weir. The two parties have cooperated on several cases and are already familiar with each other.

"If it's a simple operation, it can be completed within a few days." Rose Well smiled, "We are fighting for your best interests."

"Yeah?"

Zhou Buqi raised his eyebrows.

Rose Well explained: "At present, we have contacted 9 private equity institutions, and they hold a total of 27.4% of Netflix's shares, and there is a relatively high possibility of selling them. Next, we need to unify these institutions, Provide a unified quotation. This is more conducive to actually getting the stock and preventing interception.”

"Intercept?" Zhou Buqi was a little surprised, "I want to buy it at a premium, who is willing to pay a premium at this moment?"

Rose Well smiled, "I'm afraid it's the barbarians at the door."

Zhou Buqi immediately understood what he meant, "You mean...the management of Netflix?"

Rose Well nodded, "Yes, this is the most important point. Netflix is ​​not an AB stock. For a stranger like you, the management team must be frightened. Once it is determined that you are a barbarian, they may find a way Ask the white knight to act."

Zhou Buqi said with a smile: "What barbarians, white knights, I don't want to grab power from the management at all. I just want to cooperate with Netflix, get strategic shares, and join the board of directors."

Rose Well glanced at him, seemingly not quite convinced.

If it's going to the boardroom, it's all too easy.

Buy stocks directly in the secondary market and reach a 3%-5% share, and you are eligible to be nominated to the board of directors. With the influence and business resources of Boss Zhou, if there is intention, it is possible to enter Netflix's board of directors even with zero shareholding.

If it weren't for the control of Netflix, as for the premium to buy Netflix's stock?

At a time like this, except for the local rich in the Middle East, who can spend so much money in one go? Uh... the local rich in East Asia are also rich.

Zhou Buqi waved his hand, "I have a lot of respect for Netflix, and I have no intention of reorganizing the board of directors, let alone changing the management."

Rose Well said: "If this is the case, it will be easier. You need to talk to Netflix's management, and it is best to give up part of the rights. If you can have the support of Netflix's board of directors and management, you It's easier to get Netflix stock. Once you get them wrong and they start a control battle, you will be in trouble. Although our side has done a good job of secrecy, I believe Netflix In the board of directors, I have heard about your actions."

"When is the right time to go?"

"The sooner the better!"

"Well……"

Zhou Buqi twitched the corner of his mouth.

Flying from Los Angeles to New York early in the morning, it seems that I will fly to San Francisco in the afternoon.

"Netflix's stock price has been soaring recently, is it related to you?" Roswell began to ask again.

Zhou Buqi hummed, "Yes, I have been buying."

"How much?"

"3 million shares, almost reaching the critical point."

According to the requirements of the US Securities Regulatory Commission, if the holding share exceeds 5%, it must be reported and disclosed. Subsequent purchases or sales must be declared in advance.

It is to prevent major shareholders from violating the rights and interests of minority shareholders.

When major shareholders issue a statement to buy, the stock price will inevitably rise. At this time, small shareholders can follow suit and buy, and they will collectively drive up the stock price. If it is a statement to sell, the stock price will inevitably fall, and small shareholders will follow suit to sell in order to prevent losses, which will form a plummeting effect.

Rose Well is an expert and suggested: "Don't cross the line, wait first. Don't affect the transaction with institutions because of the turmoil in the secondary market."

Zhou Buqi smiled, "I know."

Went to New York, non-stop, busy.

The general intention is basically set.

The closing price of Netflix yesterday was US$13.5, which is almost the same as at the beginning of the year, and the recent rise has been very strong. It is conceivable that once a "barbarian" enters the market, the stock price will rise all the way.

A premium is inevitable.

The other party has a total of 9 institutions, holding a total of 16.99 million shares of Netflix. Among them, only the Black Rock Group holds more than 5% of the shares, and the others are small shareholders with less than 5%.

Reasons for selling vary.

In short, lack of money.

They all want to sell their Netflix stocks at this time, and sell them at a good price to local tyrants from Asia.

Follow the lead of Heiyan Group!

The first round of offers, $42.6!

Compared with the current share price of US$13.5, it has a premium of 215.6%!

Zhou Buqi was secretly happy.

It feels okay.

Fearing that the other party is the capital of Wall Street, Goldman Sachs secretly communicated with this group of private equity institutions and partnered to deceive themselves. At present, Goldman Sachs is very sincere.

this is correct.

It is impossible for Forbes and Hurun to investigate how rich Boss Zhou is, but Goldman Sachs often knows it. When the financial tsunami broke out, several short-selling funds crazily plundered wealth, which had long been investigated by various parties.

This case, at most, is hundreds of millions of dollars.

Boss Zhou is a super big client, and there are still many opportunities for cooperation in the future, so he can't offend the old man at once.

Zhou Buqi is willing to buy at a premium.

The Goldman Sachs delegation argued that the other party's asking price was too high.

In the second round, the other party's offer dropped to $39.2.

Goldman Sachs has another tirade.

Zhou Buqi's English is very good now. Although he has a strong accent, he can communicate with Americans freely.

But in the current environment, his English level is not enough to read, and he can hear it in a daze.

We had lunch at noon and continued our talk in the afternoon.

Goldman Sachs meant to push the price below $30.

Zhou Buqi stopped participating, leaving Chen Ran and Nie Caijun behind, and he returned to Silicon Valley with his secretary. Going to meet with Netflix management.

It stands to reason that the buying and selling of stocks is free and without restrictions.

If Zhou Buqi wants to buy Netflix stock, he can avoid Netflix's board of directors and negotiate privately with nine private equity institutions. Once the talks are made and an agreement is reached, a public statement is enough.

There was no need to notify Netflix's board and management at all.

But nothing like that.

Unless it's a hostile takeover.

This is an act of tearing faces.

For a normal acquisition, it is still necessary to obtain the support and permission of the board of directors, and then complete the transaction.

On the plane to Silicon Valley, Zhou Buqi received another call from Roswell. He also explained the matter emphatically, "In the past this time, we must show sincerity and get the approval of Netflix's management. Once the negotiation collapses If it is too late, the board of directors may intervene. It will greatly increase your transaction costs, or even fail the transaction.”

Then, he briefly explained the logic behind it.

If Zhou Buqi wants to buy this stock at a premium of 150%, if Netflix’s board of directors does not approve of this transaction, it may go to find the white knight, who will also buy this stock at a premium of 150%.

At that time, Zhou Buqi will have to raise the price. Netflix also raised the price, and Zhou Buqi raised the price again. This is very troublesome.

Now, Goldman Sachs is busy pushing down prices.

If Zhou Buqi and Netflix's board of directors had a deadlock, Goldman Sachs would have to turn its guns around and help raise the price to ensure that it could get the shares. With the support of the board of directors, they will even take the initiative to contact the institutional side and suggest that they can transfer the shares. At this time, capital institutions can't sell it if they want to.

Executive power is more important than equity.

Many institutions, especially small institutions, do not simply hold stocks, but continue to make loans, loans, and leverage after obtaining stocks.

Once there is a breakup, the board of directors lowers its earnings forecast, which may cause the stock price to plummet, and the stock in the hands of the capital side will become a powder keg.

After Zhou Buqi heard this, his heart was pounding.

Laomei's financial industry is too developed, so developed that it is dazzling, with various routines and tricks. If I really want to set up a private equity fund to invest in the technology industry in the future, I must not increase leverage.

Adding leverage means losing half your life.

As Mr. Buffett said, there are two iron rules for buying stocks to make money: first, long-term holding; second, no leverage.

As a foreigner, it is best not to use stocks as mortgages to avoid being scammed.

When I went to Silicon Valley, I first received a call from Musk.

"Are you still interested in rockets?"

"Yes, didn't you say to deal with Tesla's financing first?"

"Almost," Musk said happily, "we can talk about SpaceX."

Zhou Buqi praised: "The efficiency is very high."

Musk said: "I want to have a party, are you coming?"

"Party?"

"Celebrating our partnership to, uh, bring Tesla back from the dead."

"It is indeed worth celebrating."

Musk suggested: "How about tonight?"

Zhou Buqi hesitated a little, "I may not be free tonight, I still have important work to deal with..."

Musk said: "Then tomorrow night, that's it. I've agreed. At that time, I will invite a few friends from Hollywood. Have you seen "Iron Man"? It was filmed at the SpaceX base Well. This crew will come too."

"Depend on!"

Zhou Buqi didn't know whether to laugh or cry, he couldn't get rid of it!

Yes, Musk is the real version of "Iron Man".

This is good, he managed to hold back the temptation from Hollywood with great restraint. Unexpectedly, I ran to Silicon Valley, but I still didn't run away!

It's the crew of "Iron Man" again.

Scarlett Johansson isn't coming again is she?

no!

When a man is away from home, he must protect himself and never let her succeed!

Musk said: "This party is prepared for you, you must come. At that time, I will introduce my girlfriend to you, well, she is a Hollywood actor. She will also bring some friends over."

Zhou Buqi sighed, "All right."