Chapter 624 Consciousness
Ken Griffin, who had just finished dealing with the trouble, suddenly felt bad when he saw the news on TV.
"San Jose News Network reported that Paypal, an emerging Internet payment platform, is in acquisition negotiations with Houston Prosperiti Bank. If the acquisition is completed, Paypal will officially enter the American banking industry!
Previously, Goldman Sachs had just invested in Paypal, and Paypal's valuation has exceeded 10 billion U.S. dollars. This is another Internet technology company established by Bruno Song. There have already been companies such as Double Click, ICQ, and American Telecom...
"
Watching the news on the TV station, Ken Griffin felt even more uncomfortable than if he had made a profit. Here, he just spent tens of millions of dollars in "security deposits" and fines to get through the difficulties. Over there, paypal
But he was already going crazy. After receiving huge amounts of venture capital and acquiring a bank, Ken Griffin felt even more heartbroken when he thought about his situation.
Taking a deep breath, Ken Griffin knew that he had lost again. He originally wanted to stir up some public opinion and disgust Song Yang.
Unexpectedly, Song Yang slapped his backhand, which made Ken Griffin dizzy. This time, Ken Griffin not only lost face, but also became the representative of Wall Street's "villain" and was fined several times.
Castle Hedge Fund spent tens of millions of dollars on short selling in Southeast Asia. After he left, people were in panic and didn't make much money at all.
In this wave, Ken Griffin killed a thousand enemies and suffered a hundred thousand losses. Song Yang was so disgusted that he didn't know it, but he was unlucky.
After finally getting through the difficulty this time, Ken Griffin clearly felt that Song Yang's strength and influence had far exceeded him.
Song Yang's method this time was quite similar to the tricks played by powerful people in America. He first mobilized public opinion and poured all kinds of real and fake dirty water on Ken Griffin, making him
Liffen's image began to deteriorate overnight, becoming a "vampire" on Wall Street and a representative of "cutting leek".
Then, through public opinion and personal connections, they put pressure on the New York inspection department, the Securities Commission, the Securities Investors Association and other departments, and then cooperated with some state and Capitol Hill gentlemen to come forward to raise flags and successfully beat Ken Griffin to death.
Rats, those congressmen to whom Ken Griffin donated money do not dare to openly come forward to help Ken Griffin clear his name.
Ken Griffin will not swallow this breath. He is also a genius, but he was defeated twice when he faced Song Yang. But for a person like him, it is impossible to give up easily without giving everything back.
, Ken Griffin will never let it go in his heart!
But now, Ken Griffin knows that now is not the time for a head-on collision. He can no longer bear the head-on collision, but Ken Griffin is willing to wait for a suitable opportunity, just like a viper catching its prey.
Snake, as long as you wait quietly, you will always find an opportunity to take action.
Ken Griffin, who had calmed down, was once again attracted by the voice on the TV.
"Prosperiti Bank issued the latest announcement that it has reached an acquisition agreement with Paypal. Paypal has acquired 51% of the shares of Prosperiti Bank for US$650 million. In the future, Prosperiti Bank will be renamed Houston
paypal bank!
For this acquisition, Paypal completed the acquisition through cash and equity transfer, and is expected to invest US$200 million in cash. Comerica Bank, Goldman Sachs, and Deutsche Bank Investment Bank announced that they will provide support to Paypal..."
When he saw this, Ken Griffin turned off the TV directly. The result was not beyond his expectation, but the completion of the acquisition made Ken Griffin clear that it would be very difficult to deal with Song Yang again.
Not half a star anymore.
Obtaining a bank is not as simple as getting an additional license. It means that Paypal has sat on the same poker table as the banking giants on Wall Street, although at this time Paypal's cards are not worth mentioning at all.
Song Yang, who owns Paypal, will have a huge increase in strength again. This kind of thing will not have any impact in the short term, but as time goes by, Paypal, which has a federal bank license, will provide assistance to Song Yang.
getting bigger and bigger.
Also paying attention to the negotiations between Paypal and Prosperiti Bank, there are also John Harder and a group of investors who bought shares of Prosperiti Bank. The institutions fishing in the troubled waters are also a little nervous at this time.
If the acquisition fails, then they will probably be trapped in it, so they will naturally pay close attention to the outcome of this negotiation.
When the New York Stock Exchange closed, John Harder was already restless. There was still no result yet. The longer it was delayed, the greater the risk!
John Harder saw that many people were impatient and were afraid of risks, so they sold their Prosperiti Bank stocks in advance, just because they were afraid that some bad news would come out later and wanted to sell them.
, can’t be sold anymore.
Just when he could no longer bear it anymore and was about to sell it, he saw the stock price, which was still jumping up and down, suddenly formed a straight line.
It was really just a straight line. On the electronic screen, the stock price of Prosperiti Bank was like a rocket, flying straight and taking off on the same spot. John Harder blinked a few times, and then he saw the original stock price.
The stock price went up and down, from around thirty-five dollars to fifty dollars in an instant!
This kind of gameplay is obviously no longer the gameplay of bank stocks, but more like the technology stocks on the Nasdaq next door, which can turn the stock price into a roller coaster.
John Harder watched helplessly as the stock price of Prosperiti Bank was pushed up to forty dollars, fifty dollars in one breath, and then, at the last moment before the market closed, it was fixed at sixty-three dollars.
This price has exceeded the highest price of Prosperiti Bank shares of US$58, and has also made the market value of Prosperiti Bank exceed US$4 billion in one fell swoop. No, it should be called PayPal Bank now!
John Harder has seen the announcement of the completion of the acquisition. Bank Prosperiti has become a thing of the past. From now on it will be the era of Paypal. As for how much money was spent for the acquisition, Bank Prosperiti made a profit and lost money. John Harder
Harder didn't care, he only knew that he would have his pension money for the rest of his life...
At the last moment, it was obvious that Wall Street investment banks and institutions still had some unfinished thoughts about Prosperiti Bank. If time had not been insufficient, they might have been able to push the stock price even higher!
John Harder opened his account and looked at the Prosperiti Bank stock, which was already worth more than 2.14 million US dollars. His cost price was 17 US dollars, and now the Prosperiti Bank stock price has
Reaching 63 US dollars, that is, in this wave, John Harder made more than four times his profit, and his principal of more than 500,000 US dollars had soared to more than 2 million.
He won the bet, and his pension of more than two million U.S. dollars was a huge sum of money in America. If he retired overseas in a place with low consumption, he would live a pretty good life for the rest of his life!
However, what John Hard is now struggling with is whether to sell his Prosperiti Bank shares tomorrow and cash out.
After the acquisition was completed today, various analysts who were not optimistic about Bank Prosperiti before have suddenly changed their tone and made bold statements. They believe that the current market value of US$4 billion is not enough for Prosperiti Bank, which has been renamed PayPal Bank.
For Speliti Bank, this is just the beginning!
"Double tens of billions of stocks!"
Some analysts have come up with new terms, believing that the valuations of PayPal and PayPal Bank will exceed 10 billion. If PayPal is listed through a backdoor listing and merges with PayPal Bank, then this stock will actually be
Worth over $20 billion...
These comments and analysis are so exciting that if John Harder hadn't just climbed the rooftop once and suffered a big loss, he might actually believe this.
John Harder, who knows some of the tricks of Wall Street, knows that Wall Street institutions will start to speculate in PayPal Bank stocks. Unlike those traditional banks, PayPal Bank has many gimmicks. It can be said that it is a bank stock, but it can also be said that it is not.
It is an Internet concept stock. Anyway, wherever there is limelight, just blow it there!
After all, traditional banks cannot be speculated, but Internet banking, electronic payment concepts, etc. can all be speculated. As for whether Paypal makes money, no institution cares at all. Wall Street banks make money, but the stock price is half-dead and has not been alive for ten years.
If it doesn't rise, and Internet concept stocks don't make money, the stock price will double and rise!
In a hotel in San Jose, after the acquisition agreement was reached, Paypal held a banquet here. Conal and a group of Prosperiti Bank executives were present. The executives who followed Conal were also interested.
Establishing a relationship with Song Yang, after all, both of us will be our own people from now on.
"Boss, I represent the board of directors of Bank Prosperiti in this cup. The board of directors asked me to tell you Song that Bank Prosperiti will fully cooperate with Paypal. The board of directors of Bank Prosperiti will be reorganized in the near future!
"
Conor raised his glass and said, Prosperiti Bank's board of directors is very understanding. As soon as the agreement was completed, they immediately showed their goodwill to Song Yang. The reorganized bank board of directors is also completely focused on Paypal's side, and there is no trace of it.
Signs of lagging behind.
It's not that the bank directors changed their temper, but... they made too much money. As soon as the agreement was announced, the stock price hit a new high. The former directors of Prosperiti Bank all increased their net worth, which seemed to be tens of billions.
The market value of U.S. dollars is not out of reach. In this case, how could they cut off their own money? Now they are happy to let PayPal deal with it.
Chapter completed!