Chapter 901 Linkage

Because he is also in Silicon Valley, Netflix's Hastings got the news immediately. After reading the first few sentences of the news, he slammed the table, "I knew it!"

He always felt that it was not normal for Feng Yiping to go on vacation immediately after receiving strong support from the Bank of China, and it really was.

Then he was a little confused. He studied the acquisition announcement several times and spent more than 400 million US dollars in cash to acquire a company that had nothing to do with the business direction of his current company. For what reason?

He does not agree with the reason Feng Yiping said, what is better service for users?

If this logic goes on, then Feng Yiping can use this reason to buy any company at will, and there are too many companies to buy, including basic necessities, food, housing, transportation, and all aspects, because these can serve users better and more comprehensively .

He wouldn't be so naive as to think that this was Feng Yiping's impromptu decision when he was on vacation in Seattle. How could such a deal be so hasty? Not to mention that Feng Yiping acted recklessly because he had money in his hands.

In the past few months, although he still hasn't been able to find out which new direction Feng Yiping has seen, he has studied Feng Yiping thoroughly.

That is definitely not a person who will get carried away and throw money at will.

Judging from his past decisions, he seems to be able to predict the future with keen eyesight and accuracy, and his style is stable and mature, as if he is older than himself and has more experience. He spends so much money and energy to acquire such a A listed company in China will never be as simple as it seems, let alone as simple as he said.

There must be a deeper purpose for Feng Yiping to do this, so what is the purpose?

Looking at the webpage, that young man with his hands clasped in front of his belly, showing no youthful aspirations at all, with an oriental modest smile on his face, and a little shy, what on earth do you want to do? he asks.

It stands to reason that he should relax when he saw this news, but he always felt that it was not that simple, as if he had delusions of being acquired, he always felt that Feng Yiping was preparing for the acquisition of his own company.

If it was really for this purpose, then what was the motivation behind Feng Yiping's move? How does a coin exchange company relate to your own business? What is his next move?

Although I feel that if I made this acquisition by myself, the next priority is to change the current stagnant state of Coin Star, but this is what ordinary people think, and Feng Yiping is definitely not an ordinary person.

Hastings swears that he has never tried so hard to figure out a person's thoughts, not even when he pursued his current wife.

What is uncomfortable is that although he is very sure that Feng Yiping's ultimate goal must be his own Netflix, but the more he ponders, the more and more fog there is between now and the clear end point.

The smile on Feng Yiping's face, he looks now, is not humble, but rather unpredictable.

…………

In Seattle, Amazon's Bezos also saw the news. He was a little surprised. He didn't expect that Feng Yiping, like himself, was also a person with a strong style and dared to make large-scale mergers and acquisitions.

I just said that it hasn't been long since I bought his company, and he has already bought a company in a snappy manner, and the amount is not small, more than 400 million U.S. dollars. This is my first acquisition, what is the amount?

At the same time, he also couldn't understand Feng Yiping's purpose in doing so.

He had heard of Coinstar, a company also in Seattle, that had partially solved a problem. The question was, what was the purpose of Feng Yiping's acquisition of such an unrelated company?

He also will not underestimate Feng Yiping, he believes that Feng Yiping's actions are more or less profound.

Whether it is from the book he wrote or from the perspective of his venture capital investment, he is by no means a person who is in vain. Google accepted his investment and appointed him as the strategic director. Jobs also hired him as a special assistant. It illustrates this point very well.

However, he is not as entangled as Hastings. If he doesn’t understand, it doesn’t matter at all. In short, even if Feng Yiping rejected his acquisition proposal, even Amazon’s group buying business still can’t surpass NEXTDOOR, even IMDB can’t. Completely suppress NEXTDOOR's review section, but its own Amazon, whether it is now or in the future, will be the object that Feng Yiping and his company need to look up to.

"You said, what is his purpose for doing this?" After closing the webpage and throwing the briefing aside, he asked casually

The big boss asks casually, but the people below will not say casually.

One of his subordinates shook his head, "I really don't understand it, maybe when he establishes Blue Ocean 2, his purpose will become clearer,"

Like the sensitive reporter, this subordinate also noticed the special name of the new company established by Feng Yiping.

"I look forward to a third party coming out soon," another subordinate said, implying that he hoped that this merger and acquisition would not go too smoothly.

Bezos quickly went through it in his mind, "They already have provisions in the agreement, but there is no such provision, and the possibility of this is relatively small. NEXTDOOR's quotation is not low, and the conditions are also very good. More than four billion, all in cash, and there are not many companies that can be associated with Coin Star’s business,”

"Okay, let's continue to focus on our own work. On his side, just pay attention and see what surprises he can bring us this time,"

At this time, Bezos didn't know that Feng Yiping would take the initiative to find him soon.

…………

If the merger brought pressure to Hastings and some doubts to Bezos, it brought more directness to Feng Yiping.

It seems that there are many people in the market who don't understand Feng Yiping's merger and acquisition. Not long after the announcement was sent out, calls came in one after another.

"Since the news was made public, the stock prices of Yijia and Auto.com have both fallen by nearly 5%," Jin Ling said to Feng Yiping, clutching the phone.

"I know," Feng Yiping had just put down the phone, and those venture capital and investment bank representatives who didn't all quit when Yijia and Auto.com went public were all expressing their dissatisfaction to Feng Yiping.

"Wait a minute," the call came again, and it was hard to answer. It was Moretz from Sequoia. "Hi Moretz,"

"Feng, we need an explanation. Why did you make such a decision that might affect everyone's common interests without discussing it with everyone in advance?" Moretz was very rude.

"Moretz, first of all, I have the greatest loss,"

Damn it, in just such a short period of time, when the two companies add up, their ostensible net worth has shrunk by more than 200 million U.S. dollars, which is more than half of the purchase amount this time. Feng Yiping is also very angry.

"Secondly, this merger has nothing to do with those two listed companies, and I don't need to ask for your opinions,"

Just kidding, such a matter that also needs to be highly confidential, how could it be possible to ask for their opinions in advance?

"But Feng, you have to consider your identity, and your every move will now indirectly affect the stocks of those two listed companies,"

"Then what do you mean, I will ask for your opinions on every move I make?" Moritz was not polite, and Feng Yiping was not polite either.

No wonder Page and Brin are so disliked by venture capital. There is really a reason for it. It is enough for them to point fingers at every opportunity.

"Come on Moretz, you don't know about this linkage reaction. After Coin Star's integration goes smoothly, won't it drive up the stock prices of those two companies?"

"Which company do you invest in, the stock only goes up but not down?"

Feng Yiping was so tough, but Moritz softened, "Hehe, Feng, we have no other intentions, I just hope that when you make relevant decisions in the future, you can try to be more considerate."

"I'd definitely consider it, but I can't guarantee the outcome,"

Many people hope that the world will be peaceful, and many people hope that things will happen all the time, such as those who play stocks.

Only when the market fluctuates, can they have a chance to make a profit. Therefore, as soon as something related happens, even if it is not related, they will hype it up. The market is so sensitive, how can Feng Yiping guarantee other things in the future? , will not affect the stock price?

He just doesn't do anything, and it will also affect the stock price because he doesn't do anything.

"Feng, what we mean is that we hope that your NEXTDOOR can start financing as soon as possible. I believe that our joining will make it easier for you to do similar things, and the effect will be better, such as your merger and acquisition this time,"

Why are these guys calling one after another? It turned out that they were making wishful thinking. Seeing NEXTDOOR's rapid development, are they too jealous to sit still?

"Thank you Moretz, I will seriously consider your proposal,"

The current him is not the one who just arrived in the United States. Wall Street is definitely inseparable, but venture capital is really dispensable.

"It's still falling, 6%," Jin Ling walked over and said.

This kind of thing has been predicted before, "It is estimated that it has not yet come to an end, so inform the securities department that 10% is a red line. If it exceeds this line, we will start repurchasing ourselves,"

There are two purposes of repurchasing stocks. One is naturally to boost the confidence of the market. It is one of the best ways to raise stock prices by using real money to repurchase your own stocks.

The other, of course, is that the stocks of Yijia and Auto.com will definitely return to the current price after a period of time. If you buy it now and sell it at that time, isn't it locking in a return of at least 10%?

Kill two birds with one stone, why not do it?

Anyway, I have plenty of funds in my hand now, and I have to wait for the approval of the regulatory department to start the next project anyway.

…………

Their stocks fell, but Coin Star was just the opposite. As soon as the news of the merger and acquisition came out, the stock price immediately rose upon hearing the news, and now it has soared by nearly 10%.

Moreover, this should also not end. Although it is impossible to increase by more than 40% as the quotation given by Feng Yiping, it should not be difficult to increase by 20%.

When Merback came over, he took the initiative to comfort Feng Yiping, "Feng, this is a normal reaction, don't take it to heart,"

"Old Mo, why are you so happy?" Feng Yiping laughed.

"Hehe, I can't help it. I haven't seen such a big increase for a long time," Merbak, who deliberately held back his laughter just now to take care of Feng Yiping's emotions, finally laughed.

"I'm here to tell you that we need to go back to Seattle immediately. We have just been notified that a law firm has represented some shareholders and sued us to the Delaware Chancery Court."

This matter was also expected by both parties, so among the legal counsel team of Coin Star, there is a law firm that is good at similar lawsuits.

"Hehe, this is also a normal reaction, don't take it to heart," Feng Yiping returned what Merback said just now.

Just like every demolition in China has opponents, every merger and acquisition in the United States will have such lawsuits.

And the action will be very fast, just like now, shortly after the merger transaction was announced, there are now several shareholder lawsuits against this transaction case filed in the courts, and the content of the lawsuit is roughly the same as other merger cases.

For example, this time, the shareholders who initiated the lawsuit all stated that the M&A transaction seriously underestimated the value of Coinstar, and that the members of Coinstar’s board of directors violated their fiduciary duties and had self-dealing situations.

And the reason why they violated their fiduciary duty is because of NEXTDOOR and Blue Ocean 1. This merger is not conducive to Coinstar, and the terms in the agreement improperly exclude third parties from submitting higher quotations. Based on this, they demand The court issued an injunction to stop the transaction and ordered the responsible party to compensate for related losses.

However, Feng Yiping and the others have already considered the issue of related shareholder lawsuits when they started the transaction, and they have made preparations in advance. Opportunities for shareholder lawsuits of Star or its directors, the settlement of Coin Star and shareholders, requires the consent of NEXTDOOR (which shall not be refused without reason).

Therefore, this matter is really not a matter, and the shareholders who initiated the lawsuit also know this.

However, just like demolition, even if you make trouble, you may not necessarily get more compensation, but if you don't make trouble, you will definitely not get it. Therefore, no matter what the result is, someone will always come out to make trouble. Jujube, let's talk about it after a shot, what if it is useful?

Such things are not uncommon. Not all companies that initiate mergers and acquisitions are as honest as Feng Yiping and NEXTDOOR, and some companies often deliberately choose when the target company’s stock price is low.

And such a lawsuit is very suitable for litigation in the Chancery Court, because in the Chancery Court, there is no jury, and the judge judges the case based on conscience, and often makes a judgment in favor of the litigant, ordering the party that initiated the acquisition to pay more. , and related interest.

However, such additional payment is only applicable to the shares owned by the person who initiates the lawsuit, and it is not full compensation. Therefore, even if Feng Yiping buys at a 100% premium this time, the same thing will happen.

"Then I won't keep you, I'll arrange the crew to prepare immediately,"

"No, it's better to forget it when you are so sensitive," Merback politely declined Feng Yiping's kindness, "Don't worry, I will prepare for the next work at the same time,"

"Thank you, Lao Mo, for your hard work. I hope we can get good news as soon as possible,"

"Don't worry, it will!" Merback said confidently.

ps: A group has been established, 454, 231, 228, everyone is welcome to come and give more valuable opinions. I look forward to having the opportunity to communicate with you!