Hengyu Media Group.

Strategic investment department office area.

Director Liu Minghui strode in from the outside. While pushing away the people in the office, he said to the assistant in the right-hand office area who was playing with his mobile phone: "Xiao Chen, find the information on UC Browser. I will use it right away."

"Okay, Director!"

Xiao Chen threw down his cell phone, stood up, opened the file cabinet behind him, and quickly found a thick document.

On the front page of the document, the words "Feasibility Report on the Acquisition of UC Browser" are clearly written.

Liu Minghui took the document, flipped through it casually, and dialed Andy's office on the 20th floor using his landline phone.

"Mr. An, I have the documents here. Do you need them now?"

"Okay, I'll come up now."

After hearing Andy's instructions, Liu Minghui's eyes flashed, he hung up the phone, picked up the documents and hurried upstairs.

The company's "Hypnotist", which is currently being released, was rejected by Alibaba Pictures. It is said that Director Fang got angry and decided to retaliate against Alibaba.

Liu Minghui originally thought that Hengyu would retaliate by targeting subsequent film projects controlled by Alibaba Pictures.

Their strategic investment department won't get much from this counterattack.

He did not expect that Mr. An would choose to start from the investment department and restart the long-stalled UC investment project.

UC Browser, Hengyu Media and Alibaba once took a fancy to this platform software.

At that time, Alibaba was very popular and Hengyu Media was not well-known enough.

He Xiaopeng, the founder of UC, chose Alibaba’s capital injection in the first round of financing for the launch of UC mobile software.

Hengyu had no choice but to give up investing in UC and made a win-win plan to acquire Sogou Browser, a subsidiary of Sohu.

Zhang Chaoyang did not want to cooperate with Alibaba, so Hengyu and Sohu hit it off and successfully acquired 40% of Sogou's shares with 5% of Hengyu Games' shares and a high premium.

Sohu also repurchased 10% of Alibaba's Sogou shares, still occupying the absolute majority shareholder position.

Two days ago, UC launched its second round of financing, and many investment banks in the industry were ready to take action.

Among them, Alibaba is the most arrogant and wants to win the status of UC’s major shareholder.

To be honest, Liu Minghui is not optimistic about Hengyu’s acquisition plan to restart UC Browser.

Hengyu's main business is in the film and television industry, and it is still a little short of time to compete head-on with Alibaba on the Internet.

However, Andy is the official president, and she has made up her mind, so the strategic investment department can only keep up.

dong dong

Liu Minghui took the plan and knocked on Andy's office.

"Mr. An, Director Lin, Mr. Mo."

As soon as he entered the door, he saw Hengyu's three carriages, Andy, Lin Feifei, and Mo Xiangwan, all three female generals.

Concubine Lin and Mo Xiangwan were sitting on the sofa. There was a high-end laptop on the coffee table in front of them, and a camera was erected next to them.

The two of them nodded towards Liu Minghui. Lin Feifei pointed to the seat next to her and said, "Here you go, sit down first and I will hold a video conference later."

Liu Minghui smiled, handed the document to Andy behind the desk, and sat down on the sofa.

Director Fang held a video conference?

In this way, this plan to restart UC Browser was proposed by Director Fang!

Liu Minghui's heart moved, and he felt a little more confident about this acquisition plan.

Andy took the document and browsed it carefully and carefully.

Then, she waved to Mo Xiangwan, indicating that he would contact Fang Ziheng.

A few minutes later.

The video was connected, and Fang Ziheng's figure appeared on the computer.

He was in a hotel in Dunhuang. He had just taken a shower and appeared in a bathrobe.

Lin Feifei glanced at Fang Ziheng, nodded to Andy, and asked her to preside over the meeting.

Andy looked coldly, took the documents, came to sit next to Mo Xiangwan, and said in a solemn voice: "Everyone, let's start the meeting now.

Director Liu, please first tell me about UC’s current valuation and size.”

"Okay, leaders."

Liu Minghui coughed lightly and spoke slowly.

“In the middle of last year, UC Browser proposed a valuation of US$1 billion, which was higher than Baidu’s expectation of US$816 million, but the two parties did not reach an agreement.

Industry insiders analyze that as operators’ data subsidies increase and WiFi deployment expands, UC Browser’s unique advantages of saving traffic and fast speed are reduced, which affects the valuation of UC Browser!”

But starting this year, due to the 360 ​​bidding, the valuation of UC Browser has further increased.

Last week, UTV Technology (UC Browser) announced its second round of financing valuation at US$1.2 billion, which is equivalent to one-third of Qihoo in terms of market value. UC’s 400 million users are each worth US$3.

!”

"Judging from the known information, Alibaba, Baidu, Tengxun, Goldman Sachs, and Redshirt have all proposed a holding agreement plan to UC and fully agree with the valuation of US$1.2 billion."

After finishing speaking, Liu Minghui paused and expressed his opinion.

"Director Fang, the three leaders, according to the analysis of our strategic investment department, the company must give a higher valuation if it wants to steal from several major investment banks!"

Higher valuation!

As soon as these words came out, Concubine Lin and Mo Xiangwan looked surprised and stopped talking.

UC is currently valued at US$1.2 billion, equivalent to 8.5 billion RMB.

If Hengyu wants to achieve its goal of paying back to Alibaba, it must at least acquire 15% of the shares, which means it must invest at least 1.2 billion soft sister coins.

Of course, the more you invest, the more you will earn in the future. In recent years, the valuations of high-quality Internet projects have been rising almost every month.

UC Browser can be valued by many large investment banks, so it is naturally a top-quality project, and it has no worries about making money.

But even in excellent projects, investing large sums of money requires caution.

Lin Feifei wanted to raise a different opinion, but felt that it would be too humiliating to raise it at this time.

Opposite the computer, Fang Ziheng thought for a while and asked: "Andy, how much cash flow can the company mobilize now?"

The sound came out through the computer speaker, and the four of them could hear the seriousness in Fang Ziheng's tone.

This is going to be serious and hard on Alibaba!

Andy recalled a little and blurted out: "The company still has a total of 1.2 billion on its books, of which 400 million belongs to the promotion funds of the movie project, 200 million belongs to the production funds of the TV series project, and the actual cash that can be used is only 600 million.

!”

"If it can be delayed for two months and the follow-up profits of Hengyu Games come in, the company will be able to mobilize more than 1.5 billion in cash!"

"No, absolutely can't delay!"

Fang Ziheng's resolute voice sounded, and he did not agree to delay time for Alibaba and other investment banks to contact UC first.

He lit a cigarette, looked at Lin Feifei and Andy through the video, and chuckled: "The purpose of acquiring the shares of UC Browser is not just to embarrass Ali. I'm not that superficial."

"Let me tell you the truth, the reason why UC Browser is coveted by Baidu and Alibaba is because it has made many configurations that browser platforms have not done, that is, it is compatible with all Android phones.

People only know that Android mobile software is used by major domestic mobile phone manufacturers around the world, but they do not know that the Android platform is extremely complex.

It is very painful for a mobile browser to match smartphones of different manufacturers and models.

This kind of thing not only requires certain skills, but also requires someone to be willing to do it and constantly adapt.

Baidu and Tengxun have the technology, but they are unwilling to do it.

Their own browser is unwilling to cooperate with major mobile phone manufacturers to adapt to Android smartphones of different types, sizes, and configurations.

After all, smartphones are constantly being introduced, and major manufacturers are releasing new models of mobile phones all the time in order to stimulate consumers' purchasing psychology.

Currently, only UC Browser has successfully done this!

I had talked with Zhang Chaoyang several times before, and it took a lot of effort to persuade him to set up a trial adaptation center for Sogou Browser to learn the concept of UC Browser being compatible with Baijia."

After hearing this, the four people in the office were stunned.

They have never thought about why UC Browser can lead Tengxun and Baidu Browser.

Tengxun, a browser owned by Baidu, has spent countless resources on promotion in order to seize the market, but it was still surpassed by UC and became the number one browser in China!

It is precisely because of this that Tengxun and Baidu obviously have their own browsers, but they are still thinking about acquiring UC.

In addition to Alibaba, 360, Goldman Sachs, and Sequoia, several top domestic investment banks are coveting UC and agree that its valuation is US$1.2 billion.

"Lao Fang, you mean, UC Browser is the real hot potato!"

Lin Feifei's eyes lit up and she understood the key to the problem.

Investing in UC is a sure-fire deal!

"Of course it's delicious!"
To be continued...