Entertainment, I only like to make movies

Chapter 236 A $[-] million M&A case!
After exchanging a few pleasantries.

Fang Ziheng looked at Zhou Qiang, who was sizing him up, and said straight to the point: "Mr. Zhou, Temasek and New Media, do you entrust you with full authority to handle this acquisition?"

Zhou Qiang is the director and president of New Media. Logically speaking, he has the right to dispose of the shares of Tudou.com.

However, Tudou.com was directly acquired by Temasek, the parent company of New Media, and was governed by New Media after the successful acquisition.

The person who made the decision before was not MediaCorp, but Temasek's head of strategy and venture capital, Rhodes.

This Mr. Rhodes is also the co-president of Temasek Southeast Asia, and his position is much higher than that of Zhou Qiang.

Fang Ziheng didn't look down on Zhou Qiang, but was worried that he couldn't make the decision, so today's trip was for nothing.

really.
Hearing that he was so direct, the smile on Zhou Qiang's face froze and he took a deep look at him.

Young people, don't talk about Wude!

Who do you look down on?
Zhou Qiang complained in his heart, instead of being irritated by the words, he squinted his eyes and smiled faintly.

"Mr. Rhodes is in North America. He told me to handle the acquisition with full authority. As long as the price given by Mr. Fang is suitable, I can get a satisfactory answer today!"

Fang Ziheng quickly stated the purpose of meeting today.

There is another meaning behind what he said, if the price is not good, then there is no need to talk about it.

Temasey is huge, and even if the future of Tudou is uncertain, it can afford to lose tens of millions of dollars.

Moreover, Tudou.com had a temporary turmoil just because the founder Wang Wei didn't want to do it, and it didn't mean that it collapsed across the board.

If you change the helm, I believe that Tudou.com will rise again soon.

It's not that Temasey never thought of kicking Wang Wei out. As early as when the other party was filing a divorce lawsuit, the company's senior management proposed to acquire Wang Wei's shares.

However, this strategic proposal was blocked by the other side of Temasek, who used Warner's withdrawal from Wanda Cinemas as an excuse to stop the follow-up acquisition.

In addition, Hengyu Media came to the door very early, and temporarily stabilized the founder Wang Wei with the reason that Huaguo natives controlled Huaguo Tudou.com.

Over and over again, Wang Wei continued to be decadent, the market value of Tudou continued to decline, and the senior management of Temasek Investment gradually lost patience.

At this stage, when Huaguo Internet is booming, it is completely possible to sell the shares of Tudou and invest the money in other projects.

In this way, there was the meeting of the three parties today.

Even Rhodes from the investment department of Temasek didn't show up and let Zhou Qiang take full control of it.

Zhou Qiang stared fixedly at Fang Ziheng, with the light of wisdom shining in the depths of his eyes, with the air and reserve of a capitalist and a senior professional manager.

Make your bid, young man!
As long as you offer the starting price, I'll sell it!
The bid will naturally come out!

But to whom to tell first, you have to talk about it carefully.

Fang Ziheng took Andy and Liu Minghui to his seat, held up the wine glass in front of him and touched Wang Wei and Zhou Qiang.

click
The three drank in one go.

Subsequently.

Fang Ziheng put down his wine glass, looked at Wang Wei, and said with confidence: "Mr. Wang, Hengyu Media bought 5000% of Tudou Video shares from you for $25 million. What do you think?"

bang
Zhou Qiang's expression changed, and the wine glass in his hand slipped onto the table.

Wang Wei raised his head suddenly, surprised and said: "5000 million US dollars, Mr. Fang, what you said is true?"

"of course it's true!"

Fang Ziheng emphasized his tone, and nodded to Liu Minghui who was beside him.

Liu Minghui got up, took out a legal contract drawn up in advance from his handbag, and handed it to Wang Wei respectfully.

This time, Wang Wei was happy, showing a joyful smile, and immediately attracted the legal counsel waiting next door.

In August 2010, Tudou Video raised money for the last time and sold 8% of the shares to Temasek of Singapore.

The total price at that time was 3600 million US dollars!

Not long after, Tudou Video went public, and Wall Street valued it at $4.5 million.

Potatoes at that time had a bright future.

As the largest video website in China and the first video website to go public, it is not surprising that it has a valuation of US$4.5 million.

At the critical moment of Tudou's listing, Wang Wei's ex-wife suddenly filed a divorce lawsuit in the court, which dealt a fatal blow to him, resulting in the failure of Tudou Video's listing in the United States.

Wang Wei was entangled in lawsuits, and the valuation of Tudou fell again and again, and soon fell below a record low.

Tudou lost the opportunity, and Youku came from behind and took the lead in listing.

As a last resort, Tudou had to postpone its listing. The good situation no longer existed, and many investors were vacillating, ready to take money and run away.

There is no way, the bubble water of Internet companies has always been ridiculously large, and Internet companies that have not been listed are all aborted projects in the industry.

The current valuation of Tudou Video is not high. Before it was successfully listed, the total valuation was as high as US$5000 million.

Fang Ziheng offered 5000 million US dollars, which immediately brought the total valuation of Tudou Video back to [-] million US dollars.

This move not only won the joy of the founder Wang Wei, but also completely blocked Temasey's mouth.

Zhou Qiang sat still, looked at the young man in front of him in disbelief, and ran wildly with 1 draft horses in his heart.

How bold!

Wang Wei was dealt with as soon as he opened his mouth, so that he had no way to retreat, even if he tried to pinch him twice.

Fang Ziheng seemed to have heard Zhou Qiang's heart, poured the wine for him, and said with a sincere smile: "Mr. Zhou, if you agree, Hengyu Media will acquire 4600% of the shares of Tudou Video owned by New Media for $22.2 million."

4600 million!
Comparable to Mr. Rhodes' reserve price of $100 million higher!

Ha ha
Zhou Qiang insisted on drinking, his eyes were inexplicably obscure, how could he dare to underestimate the young man in front of him.

Fang Ziheng didn't make a sound, picked up the chopsticks to pick up the vegetables, and gave Zhou Qiang time to think.

He believed that as long as Wang Wei agreed to his quotation, the other party would be embarrassed even if he wanted to raise the price.

Concubine Lin is right. It is better for the three parties to sit together and discuss the acquisition because it will give Temasie the opportunity to raise the price.

First quoted a price that Wang Wei could not refuse, and then overwhelmed others, so that Temasey had to agree.

10 minute later.

Wang Wei confirmed that the contract was correct, and immediately signed his name, as if he was afraid that Fang Ziheng would go back on his word.

Sign your name and you will have no regrets.

Fang Ziheng and Wang Wei both breathed a sigh of relief.

Since then, Fang Ziheng has become the largest shareholder of Tudou Video, and the founder Wang Wei only has 7% of the shares left.

The two toasted to celebrate, and Wang Wei was happy to help out, persuading Zhou Qiang not to procrastinate.

"Mr. Zhou, Mr. Fang's offer is the most sincere investor I have met in the past three months."

"Temasek acquired Tudou Video for US$3600 million. In just eight months, it earned US$900 million in one entry and one exit, which is enough."

Enough shit!
Fuck it!

The corner of Zhou Qiang's mouth twitched, and he almost pointed at Wang Wei's nose and called him a fool.

Forget it, it's useless to be angry.

Zhou Qiang looked a little embarrassed, took a gulp of the wine, raised his eyebrows and said to Fang Ziheng: "Mr. Fang, I admire you. Zhou always thought you were an excellent filmmaker, but he didn't expect you to be an expert in business."

"Amazing!"

"Mr. Zhou is too modest. I am in the entertainment industry. Compared with ordinary capitalists who are chasing profits, I value the supplements that Tudou Video will bring to Hengyu Media in the future."

"How about this, in addition to the 4600 million US dollars, I am personally providing an additional 100 million US dollars, and Mr. Zhou will express his gratitude to the senior management of Temasek."

The senior executives of Temasek are talking about Rhodes, the co-president of Southeast Asia who is on a business trip to North America.

With Zhou Qiang doing the job, how to express his gratitude is up to him personally.

Upon hearing this, the embarrassment on Zhou Qiang's face melted instantly, and he directly reached out to demand a legal contract from Liu Minghui, who had already been prepared.

"Don't worry, Mr. Fang, I will definitely pass on your thanks!"

Fang Ziheng smiled, picked up his wine glass and stood up: "Come on, come on, for this cooperation to go smoothly, let's go together!"

The atmosphere at the dining table was instantly harmonious, and the few people exchanged cups, enjoying themselves.

So far, after more than half a year of preparation, Hengyu Media finally won Tudou Video in one fell swoop, and successfully acquired 9700% of Tudou Video's shares for $47.2 million.

Hengyu Media became the largest shareholder of Tudou.

As long as Wang Wei holds 7% of the shares, no one can shake Hengyu Media's position in Tudou Video.

After the meal, Zhou Qiang left satisfied with the contract.

Fang Ziheng pulled Wang Wei into the car and discussed with him the development of Tudou Video.

"Mr. Wang, you are still the director of Tudou. I hope you can help Hengyu Media transition for a month or two."

"Mr. Fang, this is not good, you know, my mind is not on the film and television industry."

Wang Wei opened his mouth and politely refused.

Since founding Tudou Video, his mind has not been on the film and television industry, but on short videos of 10 to 20 minutes, as well as animation and animation.

"Don't be in a hurry to refuse."

Fang Ziheng took out a cigarette, handed it to Wang Weiyi, lit it for him, and lit another one for himself, and said with a faint smile, "Tudou Video is your child, Mr. Wang, after all, don't you really have the heart to leave it?"

"I know what you think, animation animation, don't worry, Tudou Video will set up a special department to deal with this project in the future, and you will be in charge, Mr. Wang."

"Okay, I did it!"

After hearing this, Wang Wei stopped coddling and agreed to help Tudou Video for a while.

Not long after, the Audi car came to Hengyu Media.

Andy took Wang Wei to visit the company, and introduced three colleagues from Hengyu Media who dispatched Tudou Video.

Fang Ziheng returned to the office and immediately called Ning You, director of the propaganda department, to let her release the news of Hengyu's acquisition of Tudou Video.

Releasing news to the outside world is not for bragging.

Tudou Video must be launched again, of course, the more people know about it, the better.

In addition, video sites burn money faster than paper, and without massive cash flow, it is impossible to maintain a huge server.

Release the news, with the fame of Fang Ziheng and Hengyu Media's artists, maybe it will attract more investors.

When there are more shareholders, the stock price will inevitably rise.

As soon as the stock price rises, the money will naturally come.

Six o'clock in the evening.

All major entertainment websites, portals, Sina Weibo, and Tencent Weibo reported this news in just a few minutes.

As soon as the news came out, it immediately shook the entertainment industry to the ground, and rushed to the top of the major search lists at the fastest speed.

"Shock: Tudou Video has changed ownership, and Hengyu Media has become the largest shareholder!"

"Unbelievable: A top commercial director initiates a $[-] million merger and acquisition, and successfully enters Tudou!"

"Following the acquisition of China's No. [-] Chinese novel website and Tiantiandongting music player, the billion-dollar director Fang Ziheng has once again spent tens of thousands of dollars to win the former No. [-] domestic video website in one fell swoop!"

"The latest news on Sina Weibo: According to Ms. Andy, vice president of Hengyu Media, Hengyu Media has successfully acquired Tudou Video at noon today, and acquired 47.2% of Tudou Video from the founder Wang Wei and Singapore Temasek Holdings respectively. shares, becoming the largest shareholder of Tudou.com!"

"Hengyu Media is working hard again, no longer focusing on a single film and television industry, but wants to create a circular entertainment business!"

"Tiangong Yicai, Hengyu Games, Qidian Chinese Website, Tiantiandongting, Tudou Video, Hengyu Media integrates film and television special effects, novels, games, music, movies, and TV dramas into one, with unlimited expansion of territory, becoming the most potential new type of entertainment in the industry company!"

As soon as the news came out, not to mention Fang Ziheng's movie fans and the melon-eaters on the Internet, even his colleagues in the industry were completely stunned.

Tudou Video, the former No. [-] video website in China.

After Wang Wei's marriage change and Youku's listing, it gradually declined to No.4 to No.5.

But how about it? Tudou's users, structure, and volume are still there, and the only thing that has declined is the valuation.

Hengyu Media, a film and television company established less than three years ago, was able to quietly acquire Tudou.com, and even became a major shareholder!
It's unbelievable!

You must know that Youku Video, which ranks first, was successfully listed on NASDAQ in North America, and its current total market value is 38 billion US dollars.

"Ma Ma Pi, Fang Ziheng is a bastard, he can't make a good movie, but he wants to be a nagging capitalist!"

"Awesome! One hundred million US dollars is spent without blinking. If you give it to me, how many times can you go to the sauna!"

"Upstairs, you are only good enough. Didn't you hear that Fang Ziheng wanted to build a new entertainment company? Do you think that everyone like you only knows how to go to the sauna and have the ability to share your address and job number!"

"It doesn't matter, it's easy to say that "Looking for the Dragon" will be released as scheduled for the Lunar New Year. If it doesn't come out as scheduled, I'll see if I will blow Fang Ziheng out!

"That is, let alone Fang Ziheng's acquisition of Tudou Video, as long as the film quality is still online, even if he wants to buy all the video sites in the country, I will support it with both hands, and even donate two more movie tickets to him!"

"Fuck! 2012 is coming soon, I hope "Looking for the Dragon" will be released soon, so as not to be disturbed by the end of the world."

Compared with the happy eating melons of netizens, many people in the industry look further, especially Wang Zhongjun, Yu Dong, Wang Changtian and others.

They knew very well that if the Tudou video was in Fang Ziheng's hands, it meant that all stockholders in China knew the news.

With Fang Ziheng's current fame and status, if Tudou Video casts one or two movies.

hiss..
They have reason to believe that when Tudou Video goes public, even if the market value lives up to the glory of Youku, it will never be too far behind.

Immediately after seeing the report, they called Fang Ziheng in person and asked him whether the incident was true or not!

After learning that the matter was true, Wang Zhongjun, Yu Dong, Wang Changtian, and Li Ming all secretly heaved a sigh of relief while congratulating them.

Fang Ziheng is not afraid of ambition, but he is afraid that he will be stubborn and insist on working hard in the film industry, and use the money he earns to develop new film projects.

If this is the case, other companies will have no way out.

With Fang Ziheng's screenwriting skills and directing ability, the cycle is repeated, and it will take a few years to eat away the share of the Chinese film market.

At that time, Hengyu Media's family will be the only one, and they can only share some soup and water.

Well now, Fang Ziheng started to engage in the Internet, and they saved their biggest competitor in the film industry.

From now on, we will be good brothers, hello, hello, hello everyone!
Wang Changtian also specially cared a few words, reminding Fang Ziheng to keep a steady pace, don't invest all his money in the Internet, and save some money to make movies next year.

The Internet is a real gold-swallowing beast, and no amount of money is enough to fill in the holes.

Wang Zhongjun from Huayi had the happiest smile, and asked Fang Ziheng if he had enough money, and told him if it was not enough.

This guy is also bad, and he has always wanted to invest in Hengyu Media!

(End of this chapter)