Chapter 2469 Complicated Equity Replacement
Since the new year, the four major portals have been negotiating with Huangfu Holdings Co., Ltd. on the rights and interests of Weibo.
After one or two years of hard work by the four major portal sites, the total number of Weibo users has exceeded 600 million, of which the monthly active users have exceeded 300 million.
If it is placed in the United States, Weibo is basically valued at at least 10 billion US dollars, and even if it is a little less in China, it has reached 35 billion yuan.
It can be said that it is the efforts of the four major portals that have made Weibo such a great achievement.
And by April 2010, their Wei.blog management right was about to end. Originally, the four major portals thought that relying on their website stickiness, they should be able to retain users.
But what I didn't expect was that Weibo had developed so rapidly that everyone became so attached to Weibo as a platform that it could exist independently of the four major portals.
Now they panicked.
Looking helplessly at the Wei.blog platform that they have worked hard to grow, and finally being picked by Huangfu Holdings Co., Ltd., they are of course unhappy and reluctant.
Therefore, they discussed it together and decided to ask Huangfucai, either to buy the shares of Weibo, or to cooperate with each other, cross-holding, and work together to continue the operation of Weibo.
Huangfu Holdings Co., Ltd. has a total of two major products, one is the Weibo company that promotes the operation of the four major portals, and the other is the more popular WeChat company.
Now most of the company's elites are working hard on WeChat, and it has developed into the world's number one instant voice communication company. Although there are still not small losses, since the launch of WeChat Wallet, people Seeing the broad prospect of mobile payment and the huge potential of B2C2C online commerce, the valuation of WeChat company has soared all the way, breaking through 200 billion RMB.
Therefore, the senior executives in the company are very concerned about the Weibo company. It's not that important, after all, it has been separated from the main body of the company for a long time. It's not that deep emotionally either.
But Huangfucai's thinking was different from theirs. Weibo Company was the first idea she came up with, so she naturally had deep feelings for it, so she was not willing to give up Weibo Company at all.
Faced with the opinions of the four major portal websites, Huangfucai chose to cross-shareholding, let go of their shackles, and let the Weibo company continue to develop soundly. And I didn't lose control on my side.
In this world, everything depends on strength.
There are actually many ways of cross-shareholding, and there are many results.
If Huangfu Holdings Co., Ltd. is just a company that developed the Weibo product, then the cross-shareholding between the four major portal websites and it must be replaced by their own shares, and then they will continue to rely on the introduction of investment and additional issuance. Huangfu Holdings Co., Ltd. was kicked out of Weibo's circle of interests, and then enjoyed the profits themselves.
If Huangfu Holdings Co., Ltd. is strong, then everyone will cooperate equally. Follow normal business rules.
However, now Huangfu Holdings Co., Ltd. is not only strong, but also very strong. Not only because WeChat is popular all over the world. It was also because behind Huangfu Cai, the stunning beauty, stood Xiao Qi, the richest man in the world.
There is Xiao Qi. If he is offended, it is possible that the four major portals will be forcibly acquired by him.
Not to mention the counterattack of poison pills encountered by Shanda when it acquired Xinglang, the four major portal websites all know that, let alone a poison pill plan, even if it is a ten times poison pill plan, Xiao Qi can buy directly without frowning.
When a person's wealth reaches more than 500 billion US dollars, basically there is no force in the world that can stop his normal business acquisitions.
What's more, as the leader of Huaguo, the people in charge of the four major portals know that most of Xiao Qi's 500 billion US dollars is the ontology business of Fairy Company. For Fairy Company's important Xiaoyao series, whether it is Forbes or Fu Run rankings. They look invisible with their eyes open, greatly underestimating their value.
If you calculate carefully, there is no problem at all for adding another 300 billion to Xiao Qi's 500 billion US dollars.
Think about it, is there any pressure to fight against such a richest man in the world?
It's just overwhelming pressure!
Therefore, when the four major portals negotiated with Huangfu Holdings Co., Ltd., they were very careful, neither to let themselves suffer losses, nor to force Huangfu Holdings Co., Ltd. too much. It is really like walking on thin ice.
After two or three months of negotiations, a preliminary agreement has finally been reached recently.
The valuation of Weibo is still calculated based on the 35 billion yuan during the Spring Festival. 18% of the shares are exchanged for 22.5% of Xinglang’s shares, and 15% of the shares are exchanged for 12.2% of Penguin’s shares.
Then Wang Yi handed over all his existing Weibo users and technical data to Xinglang for operation, thus occupying 7% of Weibo company shares, and Wang Yi Company gave Huangfu Holdings Co., Ltd. 1.2 billion as the cost of purchasing shares . ——This is the price of 3.5% of the shares, and the remaining 3.5% is used as the transfer fee of their user data. This is the benefit of Xinglang, and Huangfu Holdings Co., Ltd. pays the bill.
Similarly, Sohu Company also transfers its user and technical data to Penguin for operation, occupying 6% of Weibo Company's shares, and Sohu Company will give Huangfu Holdings Co., Ltd. 1 billion as the share purchase fee, the price and The reason is the same as Wang Yi's.
In private, Xiao Qi also transferred the shares of Weibo Company that he bought with 2 billion RMB to Huangfu Holdings Co., Ltd. at the original price. Although it is completely equivalent to giving the shares to Huangfu Cai, but the little fairy is his wife, Xiao Qi Nature is also willing to do so.
As a result, Huangfu Holdings Co., Ltd., the largest shareholder of Weibo Company, holds 56.8% of the shares, the second largest shareholder Xinglang holds 18%, the third largest shareholder Penguin holds 12.2%, and the fourth largest shareholder is Wang 7% of Yiyi, and the fifth largest shareholder is 6% of Sohu.
However, Wang Yi and Sohu completely withdrew from the operation of the Weibo company, and the entire Weibo company was transferred to the two platforms of Xinglang and Penguin.
In the next ten years, if the number of active users of Weibo Company reaches a certain number, Xinglang and Penguin have the right to ask Huangfu Holdings Co., Ltd. to carry out another share replacement, but they cannot buy them in cash.
The purpose of this transaction is to strengthen the cooperation between several major companies, and also to increase the influence of Huangfu Holdings on the Internet.
In fact, during the transaction with the four major portal websites, Huangfu Holdings lost some money, but Huangfu Cai didn't care about it. She had a big heart, so she was willing to reward these meritorious ministers.
The four major web portals have even taken advantage of a lot. Wang Yi and Sohu have exited the business gloriously, but they own the equity of Weibo, which prevents them from being squeezed out of this market.
Xinglang and Penguin have even more benefits. They only obtained the actual management rights of Weibo Company through share replacement, and became the major shareholders of Weibo Company. Those who spend money get user data and technical data worth more than 1 billion, which is beneficial both openly and secretly.
Huangfucai did not forget what Xiao Qi said. After the transaction of Weibo Company had just ended, he spent a total of 6.6 billion yuan to buy 15% of Wangyi and 15% of Sohu, thus becoming the owner of the four major portals. The important major shareholders have also formed a powerful network influence at the same time.
Not to mention, the future development of Wei.xin in Huaguo will definitely be smoother——Wei.xin has always been rooted in the Internet, and now all portals on the Internet have shares of Huangfucai in it. If she is more inclined towards Huangfucai, she will also take care of the WeChat company.
When signing the agreement, the giants of the four major portal sites came to Rongcheng in person and visited Huangfucai.
According to what Little Fairy talked about after returning home, the focus of the meeting was, as expected, the listing of the Weibo company.
Joint-stock companies have great advantages in terms of financing. If they lack funds, they can expand their shares for financing, and further collect money for their own use.
Especially in Huaguo's joint-stock companies, many of them are penny-pinching roosters who use the money of retail investors but never pay any dividends. This means that they can collect money unlimitedly without giving any The return is much more convenient and comfortable than borrowing from the bank!
Compared with joint-stock companies, Internet companies are more money-burning households. In this case, it is only natural to go public to collect money.
Weibo company's investment in the past few years has increased from small to large. For further development in the future, it is naturally impossible for Huangfu Cai to contribute money all the time. Therefore, it is normal to be self-responsible for profits and losses on the right track.
Therefore, in order to allow the company to have more spare money for development, the four major portals have long thought of listing Weibo. This time they came together to ask for Huangfucai's opinion.
Huangfu Cai was not interested in these complicated things, so she asked Xiao Qi directly after she came back.
The boy had expected such a situation a long time ago, so he was well prepared.
Of course he supports the listing of Weibo.
After all, Weibo has already dispersed its shares. There are five major shareholders, and it will further dilute its shares in the future. Whether it holds 50% or not is not the most important thing.
The most important thing about Weibo is to form an alliance with the four major portals. Everyone shares cross-holding shares and has the same interests to a certain extent, so they can work together to do a lot of things.
Even if it is listed, the interests of the five companies are the same. The five of them, which together account for at least 70% of the shares, are not afraid of being robbed of control by laymen. It will encourage them to develop more seriously.
However, the time to go public now has not yet arrived! (to be continued ~^~)