In the largest reception room of Hantang Media, Tang An personally received Tang Song, Vice President of Strategic Investment of Baidu Group.
Baidu had previously launched an acquisition case for UC, and had discussed it with Yu Yongfu countless times...
However, Baidu, which intended to hold absolute control, had been rejected many times by Yu Yongfu, so he had no choice but to approach Tang An. After all, he held 29.6%.
After taking this 29.6% stake, we are already the second largest shareholder of uc, and the next operation will be easier.
As Vice President of Baidu Strategic Investment, Tang Song is fully responsible for this acquisition...
Originally, several negotiations between Tengxun and Han and Tang regarding stock ownership, Han and Tang literature, and Tudou collapsed one after another, making Tang Song ready for a tug-of-war.
Tang An also had the intention to sell, but when Tang An told the number, Tang Song felt like he was being fooled.
Tang An was willing to sell all 29.6% of the shares, but he just asked for a sky-high price of 6 billion yuan.
Tang Song was choked and couldn't bargain. He suppressed the anger in his heart and said in a deep voice, "Director Tang, our Baidu is very sincere. If you don't want to take action, forget it!"
Tang An shook his head secretly, knowing that this would be his reaction when he heard his offer.
But these 29.6% shares will be sold for so much in three or four months, so we can't sell them at a loss.
This also gave Tang Song room to bargain. Tang An didn't mind taking action in advance if he was short of two to three hundred million. It was not impossible to exchange money for time.
Tang An smiled and said, "Mr. Tang, the price of 6 billion is definitely not high. Baidu already has the largest traffic in the country. From the perspective of business compatibility, browsers and search are definitely a natural match. It is a powerful Internet company in the world."
Once you get involved in one of them, you will inevitably get involved in another one, such as Google and Microsoft. Once you win UC, the valuation of the entire UC will at least double, and Baidu's stock price will also usher in a boom.
The waves are rising.”
That's right. In 2008, the mobile Internet revolution initiated by Pingguo and Google began to take shape. They began to inquire about UC, which had become the absolute leader in mobile browsers in China at that time, hoping to leverage Baidu's huge advantage on the PC side.
Expand to mobile phones as quickly as possible.
Because data shows that Baidu's mobile traffic at that time was almost all from UC. This was absolutely unacceptable to Baidu, which controlled the largest traffic in the country. It could easily fall into a situation of inefficient traffic utilization and being controlled by others.
But this high price of 6 billion is definitely unacceptable to Tang Song...
Let alone him, the senior management of Baidu would never allow it.
Baidu's previous highest valuation of UC was only US$2 billion, and his highest authority to make decisions on the 29.6% stake was only RMB 3.9 billion.
But Tang An opened the bank account at 6 billion, which was half the price.
Seeing that Tang An's expression didn't look like he was joking, Tang Song remembered that Tang An was famous for being soft and hard.
I don’t know how many institutions have wanted to invest in Hantang Media Group since Tang An established it. In the past few years, there have been at least fifty or sixty inquiries from domestic and foreign institutions.
As well as Han and Tang Literature, Tudou.com, multiple requests for capital injection were all rejected.
Faced with such a difficult negotiation partner, Tang Song was speechless.
But as Tang An said, browsers and search engines are definitely an excellent match, and they can definitely play the role of 1+1>3.
What's more, he knew the economic situation of Han and Tang Media. He owed a total of 3.5 billion in bank loans, which couldn't be repaid with just a few movies.
He advised, "Dr. Tang, as far as we know, you took the 16.6% stake from Mr. Lei of Xiaomi at a valuation of nearly 8 billion yuan. It has only been two or three months now.
How about 3.5 billion? Compared with your investment, you have made at least 1 billion."
3.5 billion
It was impossible for Tang An to take action even if it meant breaking the sky.
He shook his head and said, "Mr. Tang, let's not beat around the bush. I am a more direct person. At present, apart from Tengxun, which owns the QQ browser, it is not interested in UC, Ali is also starting to acquire UC. Compared to you
, Ah Li is even more anxious. After all, Dabao has just blocked WeChat, and it is exactly the time when we are extremely hungry for mobile data."
"Ali can acquire Cultural China at double the premium. I believe they will not be stingy in acquiring UC."
There was nothing to talk about, and the bottom line between the two sides was too different. Tang An could only give them up, even if they thought he was greedy or "crazy."
Indeed, Tang Song thought Tang An was crazy.
How can a mere Cultural China be compared with UC? The two are not on the same level at all. For Internet companies, none of the 10 Cultural Chinas is as important as UC.
Moreover, the market value of Cultural China is only so small, and the premium can be recovered through stocks at double the price.
If uc doubled the premium, it would be tens of billions in cash. Unless Ma Yun was stupid, he would spend tens of billions more.
He finally understood that Tang An didn't want to talk at all, so he fired him at a sky-high price.
There was nothing left to talk about, so Tang Song just chatted for a while and then prepared to leave.
"Director Tang, I'll take my leave now. If you change your mind and want to take action, please feel free to contact me."
Tang Song said a polite word before leaving.
Tang An smiled and said, "Absolutely. Mr. Tang, please go back and tell Director Li my plan."
Tang Song chuckled and said, "I will tell you the truth."
Let me tell you, numb, 6 billion to buy nearly 30% of the shares, only a fool can do it, let’s see how long you can hold on.
Send Tang Song away.
Tang An shook his head helplessly. If it were him, he would have thought he was crazy without foresight.
Let's keep these shares in our hands for three or four months now, and we'll talk about it then.
Before the Spring Festival, Tang An invited the entire group to gather together and held a grand annual meeting, and then continued to devote himself to the work during the Spring Festival.
In order to face the competition from "Journey to the West: Conquer the Demons", Nuomi Film spent 60 million in one go.
50 million has been spent on "囧", and the pre-sale data is much ahead of "Journey to the West: Conquer the Demons".
And as the release time approaches, the daily pre-sale box office is also increasing.
It is foreseeable that on New Year's Day, the day before the official release, the pre-sale box office will reach a rare peak.
Everything is developing in a positive direction. The high box office in the early stage is enough for theaters to arrange higher films. It is not a problem to suppress "Journey to the West: Conquer the Demons".
For Tang An, the situation is great, but for opponent Huayi, the situation is not so good.
Huayi Brothers Group, large conference room.
In the past two days, we have managed to suppress the negative news about "Twelve Zodiac Signs" hitting the box office, but the popularity of "囧 in Hong Kong" on the Internet is even higher than that of "Journey to the West: Conquering the Demons".
It’s all because of the 60 million in ticket reimbursement!
Wang Zhongjun has also seen the power of ticket subsidy. It can push "Twelve Zodiac Signs", which has been released for a month, to nearly 100 million, making it unnecessary for him to originally plan to boost the box office.
However, now 90% of the 60 million vote replenishment is used for "囧", and the rebate for "Journey to the West: Conquer the Demons" has long been used up.
In just one month, the ticket sales for several movies exceeded 80 million, which also made the number of Nuomi Movie installations increase day by day.
Every installed user is a potential audience.
And the popularity of "囧 in Hong Kong" on Nuomi Movies is much higher than that of "Journey to the West: Conquer the Demons".
Wang Zhongjun looked around and asked in a deep voice, "Do you have any ideas? The pre-sales of "囧 in Hong Kong" have exceeded 50 million, and it is expected to reach 80 million in pre-sales before it is released. It will easily affect the film schedule of theaters."