Chapter 193 Completion of Series B Financing

When the night comes, New York shows the prosperity of the big city everywhere, the lights are flickering, and the lights are shining. Whether it is the night sky or the buildings, it seems that they have been swallowed up by this colorful city that never sleeps.

Under the night, the modern buildings in the Big Apple City are covered with a piece of gold, and the nightlife of this city begins to come. For tourists, this is the most beautiful moment to experience New York. Lights, buildings, sunsets, and the atmosphere of this city Combined with a unique charm permeating in the sky, this is a very beautiful scene, which makes people linger intoxicated.

The banquet halls of major hotels condense the essence of this city that never sleeps. Countless dignitaries and dignitaries dressed in gorgeous costumes went to various dances and parties. The luxurious night symbolizes the beauty of life. It seems that only in this way can they prove that they are the big apples. The real guardian of the city, using money and power to build a towering wall for the city.

Yang Cheng was also one of them. No, in the small banquet hall of the Waldorf Astoria Hotel, the financing reception was in full swing. . .

"Did you talk to King William IV about the equity transfer?" Yang Cheng pouted at the tall figure, gloating at the distraught David Ellison and said.

David Ellison covered his forehead and spat out swear words helplessly, "shit, he's a piece of shit, except for the surname Hester, he has nothing valuable on his body, I've never seen such an idiot Alone, never, I swear to Jesus Christ!"

Yang Cheng waved to the waiter who was carrying the wine tray, changed to a new glass of champagne, pointed at William who was talking, and said mysteriously, "Do you think he is a descendant of a close relative?"

"Haha, that's right, Jason, the probability of this is as high as 95%, fuck, you should create a word for him that is more idiot than idiot." David Ellison was still indignant.

"Okay, seriously, what have you been talking to him about?" Yang Cheng pulled Ellison out of William's possible line of sight, and began to inquire about information.

"What else can I say, of course I reported my family name, and then asked him to set a price for me to buy it. In the end, this bitch actually said that our family is an upstart and is not worthy of doing business with the noble Hearst family. If it is not afraid of ruining you I'm already punching people with my fists, let this son of a bitch see the madness of the Ellison family!"

Listening to David Ellison's exaggerated description, Yang Cheng secretly complained in his heart, "Compared to crazy, the one named Ellison is really no better than the one named Hearst."

But he echoed, "That's right, Ellison is the most crazy family in the universe, so~ you guys broke up in the end? Didn't even ask for a price?"

David Ellison spread his hands in frustration, "That's right, damn William Hearst,

Sooner or later I want him to look good after returning to Los Angeles. "

Yang Cheng rolled his eyes and said in his heart, "Trash dim sum!"

It seems that it is unrealistic to expect David Ellison to deal with William, and he has to do it himself.

"Okay, let's talk about this again. By the way, do you have any comments on the valuation of the B round?" Yang Cheng asked while drinking champagne.

"Valuation? Oh god, your 20 billion US dollars is too high. This has exceeded my expectations. I think not only me, but everyone in the audience can't accept it, including Uncle Yang." David Ellison resumed With a normal demeanor, the business elite is possessed.

Yang Cheng was very helpless for him to use his father as an example. This is why he was so surprised when he found out that his parents also came to the scene before the opening. If Yang Sen does not support this valuation, then who can accept it? And Yang Cheng also knew that what Ellison said was right. Dad came here on behalf of Yuanshan's board of directors, so naturally he had to make the best choice for Yuanshan. Business is business, don't talk about the relationship between father and son.

"Then tell me the bottom line, what is the highest limit given by you or Uncle Larry?" Yang Cheng gave up arguing with David Ellison whether New Era Media is worth 20 billion, and asked instead.

"Come on jason, this is a commercial secret, how can it be easily leaked?" David Ellison said wryly.

"Fuck off, bastard, hurry up, or I won't play with you!" Yang Cheng threatened silently.

"Okay, okay, don't worry? It's just a joke to brighten up the atmosphere." David Ellison's blue eyes revealed deep contempt from the Aegean Sea, and he despised Yang Cheng for having no sense of humor.

But when Yang Cheng turned around and was about to leave, he immediately patted Yang Cheng on the shoulder with a smile and said, "OK, I said it's okay, Larry meant $16.5 billion, but I just talked to a few Wall Street investors, and everyone still I am very optimistic about the prospects of Toutiao. It is generally believed that the real value of New Era Media should be around 15 billion US dollars.

Of course, considering the premium, our relationship, and your upcoming acquisition of DreamWorks, I decided to adjust the upper line to 17.2-17.5 billion US dollars, which is the limit. In this way, the 1 billion US dollars I prepared can probably be divided. I got about 5.5% of the shares, and when I try to find a way to get the 5% of the Hearst Group, this achievement is enough to hand over to Larry. "

Yang Cheng stared at David Ellison in surprise. Seeing his sullen expression, he couldn't help but remind him, "David, although William IV is an idiot, his surname is Hearst, and killing him won't do you any good. .”

Who would have thought that David Ellison would stare, "Who is going to kill him? I think my hands are dirty, don't worry, I just teach him a lesson, help him understand the world, and hand over the shares by the way."

"OK, it's up to you. I'll announce the final financing plan in a while, and then sign a contract of intent. Do you want to chat with anyone? I won't entertain you." Yang Cheng patted Ellison on the shoulder and said.

"No problem, you go to your own business, don't worry about me."

Next, Yang Cheng had an in-depth conversation with the representatives of major investment banks. Some people reluctantly accepted the price of 20 billion yuan, while others scoffed at it. Yang Cheng found that all the institutions he supported were institutions that did not participate in the first round of financing. On the contrary, for those companies participating in the A round, the upper limit of valuation they can accept is around 15 billion. The conflict between investors and management is infinitely magnified at this moment, which makes Yang Cheng very embarrassed.

The reception has been going on so far, and the guests are considered to be progressing, but the main task tonight has not yet been completed. Everyone is thinking carefully, and they don't even have time to taste the fine wine. Everyone's eyes are unconsciously wandering away from Yang Cheng's figure.

Sending away a wave of investors who came to consult, Yang Cheng casually put the drunk wine glass on a side table, avoided the crowd by going to the bathroom, and found the old mother and Xu Xian who had been hiding in the corner all along. .

"Mom, Xiaoxian, what are you talking about? Talking for so long?"

"Talking about our women, why do we have to report to you, the big boss?" Liu Yun replied almost reflexively, Yang Cheng couldn't say a word, and Xu Xian was very unconscionable Covering her mouth and chuckling, seeing her pretty red face, she thought it was a good chat.

"Then what, mom, don't you go and look at dad? Be careful that he drinks too much, I see a lot of little girls around him!" Yang Cheng decisively shifted the flames of the war, dad is the best scapegoat.

"He dares! Hmph~" Sure enough, my mother was stimulated by Yang Cheng, and rushed out with a dress in her hands.

When only Yang Cheng and Yang Cheng were left in the corner, Xu Xian leaned against Yang Cheng's arms and said with aggrieved eyes, "I can't stand anymore."

Yang Cheng hugged her waist funnyly, "Persist for a while, and it will be over soon. Did my mother tell you about the marriage?"

Xu Xian put her hair aside, nodded slightly, "Auntie is very nice."

"Just get used to it. My mother has to talk to every girl she sees. Don't worry too much." Yang Cheng reminded with a pun.

Xu Xian's complexion was very dull, perhaps because he was wearing colored contact lenses, his already bright eyes were even more eye-catching under the reflection of the crystal chandelier.

"I know, you don't have to worry."

Yang Cheng nodded with regret, and sighed, "Alas... Actually, you are a good marriage partner, but unfortunately you are not a **** anymore, otherwise it would not be unacceptable to marry you home." It's still very traditional, and a bit perfectionist. It is possible that the woman he will spend the rest of his life with must belong to him completely, otherwise he will not be able to get over the hurdle in his heart.

Xu Xian was taken aback when he heard the words, then bit his lip, his naturally drooping lotus root arms unconsciously tightened, his little hands clenched into fists, as if he wanted to say something, but in the end he held it back in his heart, of course Yang Cheng didn't notice this scene.

"Can you do it yourself? If you can't hold on, go to the lounge to rest for a while, and then go to find you when I'm done here." Yang Cheng's big hand rubbed Xu Xian's smooth arm and said.

"I can do it myself, go get busy, don't make people wait." Xu Xian nodded obediently, and supported Yang Cheng's arms to stand up straight again.

The moment Yang Cheng turned to leave, a gloomy expression flashed across Xu Xian's delicate and pretty face.

Afterwards, Yang Cheng didn't delay any longer, and took the stage to announce that his valuation of New Era Media's Series B financing was determined to be 17.5 billion U.S. dollars, and it was expected to raise 4 billion U.S. dollars.

After the B round of financing, New Era Media introduced 3 new shareholders, namely Yuanshan Capital, Ariba, and David Ellison. The three invested US$1 billion to occupy 5.7% of the shares, while the first round Pershing Square, Hearst Group, and Morgan Stanley, who participated in the financing, chose to follow the investment in the same proportion in order to ensure that their holdings would not be diluted. Among them, Bill Ackman did not use the lead because he was dissatisfied with the valuation. Investing, after signing the intention contract, his face is not very good.

After the second round of financing, the shareholding structure of New Era Media has changed, as follows: 4D Space 52.8%, Pershing Square 10%, Georgina 8%, Ali Bar 5.7%, Yuanshan Capital 5.7%, David Ellison 5.7%, Hearst Group 5%, Morgan Stanley 3%, and other minority shareholders 4%, raising a total of 4.35 billion US dollars. After dilution of shares, Yang Cheng still has absolute control over New Era Media.

With the remittance of this fund, the success rate of the acquisition of DreamWorks will be greatly improved. Yang Cheng is satisfied with this, and the remaining funds are enough to make headlines for a while. It is estimated that within half a year, Yang Cheng will not need to worry about funds anymore troubled.

Finally, the financing reception also came to a successful conclusion with the sound of a 72-year-old Romanee-Conti bottle being opened.

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