In a tea room at Rongcheng International Convention and Exhibition Center, Ma Xiaoyun, Xiaoma Ge, Ding Sanshi, Zhang Chaoyang and Ding Ming gathered together. They are all the bosses of the Internet company that Song Weiyang holds shares.

"Xiao Ding, I just listened to your special lecture and found that your online encyclopedia is very interesting." Ma Xiaoyun said with a teapot in his hand and poured water.

Ding Ming smiled and said, "Old Song's idea."

Song Weiyang shook his head and said, "In the United States, some people proposed ideas several years ago, but they have not been done. Because venture capital institutions only focus on portals and have no interest in online encyclopedia, they have always lacked funds to expand. Wikipedia has also appeared in the United States this year. This may be the benefit of the bursting of the Internet bubble. There will always be fun things in the big waves."

Brother Ma suddenly asked: "How can online encyclopedia make money?"

"Not making money," Ding Ming explained, "but it greatly increases the usage rate of search engines and is considered to attract traffic for search engines. Now we mainly make money by selling search ads."

Ding Sanshi couldn't help asking: "Has Sogou Search now achieved a break-even?"

Ding Ming smiled and said: "Since last year, more and more companies have started to build corporate web pages, and search advertisements have also sold well. Now the net profit is about 5 million yuan per month."

"It's 60 million in a year!" Ding Sanshi couldn't help but exclaim.

Ma Xiaoyun suddenly turned around and asked Brother Ma: "Does Tencent make money?"

Brother Ma said: "I have been losing money before, but I just broke even last month."

Zhang Chaoyang said in surprise: "How did you do it?"

Brother Xiaoma said: "Mobile Dream Network."

Zhang Chaoyang and Ding Sanshi were speechless for a moment. They were also doing the mobile dream network business, but they could not beat the big killer of QQ.

In order to develop Dream Network business, mobile companies promised to distribute 85% of SMS value-added revenue to partners, so major websites have launched cooperation with Mobile. However, as early as March this year, QQ had dominated this field, accounting for more than 50% of the business volume of mobile companies since the implementation of the "Dream Network Plan".

That is to say, Tencent directly takes half of the business that makes the most money in the Internet winter with QQ.

This data has not been made public yet, but Zhang Chaoyang and Ding Sanshi can imagine that because they sometimes use QQ, they know how convenient this thing is.

Sohu and NetEase are like brothers in distress. They can’t make money even if they try every means. In addition, Sina, which is also tragic, now the three major portals have the least losses. Zhang Chaoyang glanced at Ding Sanshi and said angrily: "Why do you have time to come to Rongcheng to attend the forum? Have you already agreed with Cable Broadband?"

"It's OK." Ding Sanshi smiled.

"Congratulations!" Everyone hurriedly congratulated.

Song Weiyang does not have personal shares in NetEase, but is spontaneously invested by Taurus Capital. Now NetEase loses more than Sohu every day, which makes shareholders both worried, so the shareholders urge the Hongcheng Cable Broadband Company to enter the market to acquire it.

Song Weiyang could not stop this kind of thing, because Taurus Capital is not the major shareholder of NetEase.

Why do everyone congratulate Ding Sanshi?

Because Ding Sanshi opened a company very conservatively, he actually held more than 50% of NetEase shares for several rounds of financing and the market. When Gangcheng Cable Broadband wanted to acquire NetEase in a package this time, except for Taurus Capital, other companies were willing to sell their shares. Ding Sanshi was also willing to sell them. As long as the transaction was completed, he would get more than 40 million US dollars in cash, the price was to directly clear his shares in NetEase.

Song Weiyang did not know the details, nor did he know if there was this negotiation in another time and space.

But when the relevant news came out a week ago, Song Weiyang still paid a little attention and then began to sit firmly on Diaoyutai.

The acquisition of NetEase by Gangcheng Cable Broadband Company does not want to build a portal website, but uses NetEase as a platform to carry out broadband access services in the mainland, and even wants to enter the cable TV network in South China.

The reason why Song Weiyang sat next to watch the fun was because on the day when Cable Broadband announced that it had reached an acquisition intention with NetEase, its U.S. stock price plummeted 20%, and its Port City stock price plummeted 15%. In the following days, the stock prices of the company's two places continued to fall and could not drag NetEase's stock price to rise.

The news of the acquisition intention being reached has caused the stock to fall wildly, and the real contract signing will not explode? Unless the shareholders of Cable Broadband Company are time travelers or are determined to enter the mainland market, it is impossible for them to complete the transaction.

After drinking tea for a while, everyone dispersed. Ding Sanshi came to Song Weiyang alone.

"Old Song," Ding Sanshi was in a very comfortable mood and suddenly became generous. "You kept saying that you wanted to increase your holdings in NetEase shares. While I had not signed a contract with Cable Broadband, I would sell you as much as you want, which was 3% lower than the price on Cable Broadband."

Song Weiyang smiled and said, "Haha, you sell it, I don't plan to take action for the time being."

Ding Sanshi was really going to sell it. After leaving Rongcheng, he immediately started the last round of negotiations with Cable Broadband. Both parties successfully finalized the transaction details. Immediately, NetEase's CEO and COSCO announced their resignation, which is the basic operation of a large-scale acquisition activity. The new COSCO and COSCO will be appointed by Cable Broadband.

When the news came out, everyone felt that things were confirmed. Ding Sanshi thought so too. The company's top and second-in-command had both stepped down and he was just waiting to sign the contract and take the money away.

At the same time, the stock price of Hong Kongcheng Cable Broadband Company plummeted again, while NetEase's stock price only rose slightly.

One night in mid-June, in a bar in Beijing.

The bar has been packaged, the table is filled with champagne and a bouquet of flowers on the bar. Many of Ding Sanshi's friends and senior executives who hold NetEase stocks are waiting for the celebration.

In the Internet winter where there is no financing and no one takes over, it is indeed a very worthy thing to celebrate that the stock of a listed online company can be cashed in.

"Here, come!"

Before Ding Sanshi could step into the bar, someone picked up champagne, and some people picked up flowers and planned to offer it to Ding Sanshi.

Ding Sanshi walked in dejectedly, his throat was dry, and his throat was hoarse, "Things got screwed up..."

"What's wrong?" the friends asked in surprise.

Ding Sanshi smiled bitterly: "Cable Broadband has terminated its acquisition plan."

An veteran employee who holds NetEase stocks was stunned for disbelief at first, and then shouted: "How can this be done!"

Yes, how can this be done?

When you talk to someone about the acquisition, all the details have been finalized, and they fired both CEO and COSO, and you suddenly ran away and said that the acquisition plan was invalid.

Three days later, Cable Broadband Company unilaterally announced the news, and NetEase immediately confirmed the news that the negotiations had broken down. Ding Sanshi became a laughing stock in the industry. He was too impatient and wanted to cash out his stocks. He fired Ceo and Coo before signing a contract. I'm afraid that the second one in the world would not be able to find such a play.

People say that they don’t show eagles if they don’t see a rabbit, but Ding Sanshi put the eagles when he saw a rabbit shit.

This news caused the stock price of Cable Broadband to rise by 5.6% in one day, because investors were confident if they didn't buy money-loss goods. NetEase's stock price had not risen much before, and after the acquisition negotiations broke down, it was so surging that Ding Sanshi and shareholders could not afford it.

The unlucky one is not only Ding Sanshi, but also Sina's boss Wang Zhidong.

Wang Zhidong went to work in the company as usual, and before his butt was even hot, he was sued for his Sina president, CEO and director positions.

Every time, 8848 Chairman Wang Juntao announced his resignation. He was forced to leave because his correct development route was completely rejected by investors, which gave Alibaba a great opportunity to launch its B2C business.

The five leaders who participated in the West Lake Sword Contest last year made two of them so disappointed, and one of them became a joke in the industry.

NetEase's stock price was almost falling below $1 due to the ridiculous failure of the acquisition. In order to raise the stock price, investors and Ding Sanshi actually tampered with the mid-year financial report and were directly suspended by Nasdaq. After finally waiting for the resumption of trading, their stock price plummeted to $0.64, and the stock trading volume in the following months has been 0.

Duan Yongping called back from the United States and asked: "Old Song, NetEase's stock price is so low. You have always said that you are optimistic about this company. How about I buy at the bottom when I enter the market?"

"Yes, let's buy the bottom together," said Song Weiyang. "But don't copy randomly. We first acquire the shares in the shareholders, then raise funds to increase NetEase's funds, and finally take the shares from the shareholders in the form of on-site repurchase."

Duan Yongping said: "This requires a lot of money."
Chapter completed!