The youngest son of the chaebol family, Hu Mou Xianmin
Chapter 679 Acquisition Completed
"...Mr. Mark is very eloquent. Are you interested in working as a sales director at Goldman Sachs Group? Running a game company here is a bit of a waste of talent~!" Chen Daojun said meaningfully.
Mark smiled awkwardly when he heard Chen Daojun's "praise".
"...Mr. Brandon, if possible, can you take us to visit the company first?" Chen Daojun did not propose investment, but suggested to another Riot founder who was silent on the side.
"Of course it is possible, then I will take you to see our company and employees~!" Brandon nodded and agreed to Chen Daojun's request.
The actions of his partners made Mark feel a little flustered. If he were to visit, wouldn't the bragging he had just been ruthlessly exposed... This would be embarrassing~!
……
After looking at the interior of the company, which showed that the office area was not large and there were less than twenty staff members, Chen Daojun quickly had a draft idea in his mind.
It has to be said that at this stage, the Riot Games are really just three or two big cats, and they have not yet formed a climate. If the investment is successful during this period, the income should be extremely amazing!
Ten minutes later, everyone who returned to the conference room after the visit continued the topic.
Chen Daojun took a sip of coffee and said calmly, "I can invest US$800 million in Riot Games, but I have to get 80% of the shares!"
"...Mr. Chen, your request is too harsh! There is no way I can agree to it!" Brandon was a little angry at the moment and refused firmly.
Although he also hopes to get new investment so that the game development progress will not come to an abrupt halt due to funding problems.But the conditions proposed by Chen Daojun are really harsh. Once he agrees, won't he, the founder of the company, become a wage earner?
Seeing that the negotiation was about to end, Mark quickly said, "Mr. Chen, we naturally hope to get your investment, but your offer is difficult for us to do. After all, there were other investors before you who gave us 150 Thousands of dollars of investment..."
"...If you can give us an investment of 800 million US dollars, we can give us 50% of the company's shares, but Brandon and I will continue to be responsible for the company's operation and management."
"50%? That's too little, not enough for the three of us!" Chen Daojun looked a little playful. After a pause, he continued, "How about this, the investment amount is increased to 1000 million US dollars, and you give me 75% of the shares. In addition, I can also agree not to participate in the daily operations of the company!"
"60%, right? If too many shares are taken away, it will be very difficult for us in the future!" Mark said with some embarrassment. If so, he did not want to "sell" his company's shares at such a low price.
But what choice does he have?Without enough financial support, once their remaining funds are exhausted and they fail to develop a game, the value of Riot Games will probably drop even more!
Brandon originally wanted to speak, but seeing his partner's frequent gestures, he could only hold back and remain silent.He knew that Mark was doing this for the company, but the negotiation process was quite depressing.
……
After half an hour of negotiation, the two parties finally reached an agreement. Chen Daojun acquired 1000% of Riot Games shares for US$68 million, and promised that Mark and Brandon would still be responsible for the company's daily operations.
Seeing that the funding problem was solved, Mark was relieved. Fortunately, he had the foresight not to let Brandon, an IT geek who focused on research and development,
Open your mouth, otherwise this investment may be ruined by him. …
Chen Daojun, who successfully won the company's shares, was in a good mood and chatted a little more with Mark and Brandon.
"Most of the common games on the market now are role-playing, shooting, entertainment and leisure. If you want to break out in this field, you can imagine the pressure and difficulties!"
"On the contrary, the gameplay of "DotA" derived from Blizzard's "Warcraft 3" is refreshing!"
"Multiplayer real-time battles can support 10 people connecting to the game at the same time on a custom map. Victory can be achieved by destroying the opponent's defense towers and crystals. It has a kind of 'e-sports' attitude..."
Following Chen Daojun's eloquent talk, the two of them were enlightened and suddenly became enlightened.The development direction of this game is good, it is much more interesting than what they are working on now~!As Chen Daojun said, there are too many games of the same type. If they want to stand out, the difficulty is indeed too high.
It's better to find another way and develop game types with few or even no competitors. This way, once the game becomes popular, they can become an industry leader in the related game field~! "I would rather be a chicken head than a phoenix tail", only then can we bring more considerable profits and broader development space to the company!
------Dividing line----
Compared with the success on Chen Daojun's side, there was quite a stir on Wall Street in New York.
It turns out that Goldman Sachs Group suddenly issued two announcements, which roughly means that two comprehensive funds that have been operating for many years have been determined by Goldman Sachs Group’s investment consultants. The cumulative returns of the funds have now far exceeded their expectations, and there may be risks in the future. , remind investors to operate rationally and pay attention to avoid investment risks.
As soon as this news came out, it caused an uproar.Over the past few years, the cumulative returns of these two publicly subscribed comprehensive funds have been close to 300%. Although the returns of these two funds have declined significantly since last year, the annualized returns have remained at 35-50. %, but still stands out among its peers on Wall Street.
Now that such an announcement suddenly came out, it was too Versailles!Many financial institutions and investors are somewhat dissatisfied with this. Is Goldman Sachs doing this to disgust their peers? !After all, their gold medal investment products are only about 30%-40%, and they also have to bear certain risks~!
What should they do if they do this now?Isn’t it possible that they will also issue notices to remind investors that investment is risky?Don't be ridiculous, if you really want to do this, those big customers will have to run away overnight? !These bastards from Goldman Sachs Group are so inhumane~!How can you do this?
……
Of course, there are also some bold financial institutions with a different mentality.They were targeting the shares Goldman Sachs was about to sell.In order to cope with the subsequent large amount of redemption funds, Goldman Sachs Group will inevitably gradually sell and cash out the shares held by these two large-scale comprehensive funds.
What they have to do is to take over as soon as possible. The reason for doing this is simply to bet that these high-quality company shares must have a certain room for growth!When the time comes, they will make a certain amount of profit and then sell it. If Goldman Sachs eats meat, it would be good for them to drink some soup as well~! (End of chapter)
Mark smiled awkwardly when he heard Chen Daojun's "praise".
"...Mr. Brandon, if possible, can you take us to visit the company first?" Chen Daojun did not propose investment, but suggested to another Riot founder who was silent on the side.
"Of course it is possible, then I will take you to see our company and employees~!" Brandon nodded and agreed to Chen Daojun's request.
The actions of his partners made Mark feel a little flustered. If he were to visit, wouldn't the bragging he had just been ruthlessly exposed... This would be embarrassing~!
……
After looking at the interior of the company, which showed that the office area was not large and there were less than twenty staff members, Chen Daojun quickly had a draft idea in his mind.
It has to be said that at this stage, the Riot Games are really just three or two big cats, and they have not yet formed a climate. If the investment is successful during this period, the income should be extremely amazing!
Ten minutes later, everyone who returned to the conference room after the visit continued the topic.
Chen Daojun took a sip of coffee and said calmly, "I can invest US$800 million in Riot Games, but I have to get 80% of the shares!"
"...Mr. Chen, your request is too harsh! There is no way I can agree to it!" Brandon was a little angry at the moment and refused firmly.
Although he also hopes to get new investment so that the game development progress will not come to an abrupt halt due to funding problems.But the conditions proposed by Chen Daojun are really harsh. Once he agrees, won't he, the founder of the company, become a wage earner?
Seeing that the negotiation was about to end, Mark quickly said, "Mr. Chen, we naturally hope to get your investment, but your offer is difficult for us to do. After all, there were other investors before you who gave us 150 Thousands of dollars of investment..."
"...If you can give us an investment of 800 million US dollars, we can give us 50% of the company's shares, but Brandon and I will continue to be responsible for the company's operation and management."
"50%? That's too little, not enough for the three of us!" Chen Daojun looked a little playful. After a pause, he continued, "How about this, the investment amount is increased to 1000 million US dollars, and you give me 75% of the shares. In addition, I can also agree not to participate in the daily operations of the company!"
"60%, right? If too many shares are taken away, it will be very difficult for us in the future!" Mark said with some embarrassment. If so, he did not want to "sell" his company's shares at such a low price.
But what choice does he have?Without enough financial support, once their remaining funds are exhausted and they fail to develop a game, the value of Riot Games will probably drop even more!
Brandon originally wanted to speak, but seeing his partner's frequent gestures, he could only hold back and remain silent.He knew that Mark was doing this for the company, but the negotiation process was quite depressing.
……
After half an hour of negotiation, the two parties finally reached an agreement. Chen Daojun acquired 1000% of Riot Games shares for US$68 million, and promised that Mark and Brandon would still be responsible for the company's daily operations.
Seeing that the funding problem was solved, Mark was relieved. Fortunately, he had the foresight not to let Brandon, an IT geek who focused on research and development,
Open your mouth, otherwise this investment may be ruined by him. …
Chen Daojun, who successfully won the company's shares, was in a good mood and chatted a little more with Mark and Brandon.
"Most of the common games on the market now are role-playing, shooting, entertainment and leisure. If you want to break out in this field, you can imagine the pressure and difficulties!"
"On the contrary, the gameplay of "DotA" derived from Blizzard's "Warcraft 3" is refreshing!"
"Multiplayer real-time battles can support 10 people connecting to the game at the same time on a custom map. Victory can be achieved by destroying the opponent's defense towers and crystals. It has a kind of 'e-sports' attitude..."
Following Chen Daojun's eloquent talk, the two of them were enlightened and suddenly became enlightened.The development direction of this game is good, it is much more interesting than what they are working on now~!As Chen Daojun said, there are too many games of the same type. If they want to stand out, the difficulty is indeed too high.
It's better to find another way and develop game types with few or even no competitors. This way, once the game becomes popular, they can become an industry leader in the related game field~! "I would rather be a chicken head than a phoenix tail", only then can we bring more considerable profits and broader development space to the company!
------Dividing line----
Compared with the success on Chen Daojun's side, there was quite a stir on Wall Street in New York.
It turns out that Goldman Sachs Group suddenly issued two announcements, which roughly means that two comprehensive funds that have been operating for many years have been determined by Goldman Sachs Group’s investment consultants. The cumulative returns of the funds have now far exceeded their expectations, and there may be risks in the future. , remind investors to operate rationally and pay attention to avoid investment risks.
As soon as this news came out, it caused an uproar.Over the past few years, the cumulative returns of these two publicly subscribed comprehensive funds have been close to 300%. Although the returns of these two funds have declined significantly since last year, the annualized returns have remained at 35-50. %, but still stands out among its peers on Wall Street.
Now that such an announcement suddenly came out, it was too Versailles!Many financial institutions and investors are somewhat dissatisfied with this. Is Goldman Sachs doing this to disgust their peers? !After all, their gold medal investment products are only about 30%-40%, and they also have to bear certain risks~!
What should they do if they do this now?Isn’t it possible that they will also issue notices to remind investors that investment is risky?Don't be ridiculous, if you really want to do this, those big customers will have to run away overnight? !These bastards from Goldman Sachs Group are so inhumane~!How can you do this?
……
Of course, there are also some bold financial institutions with a different mentality.They were targeting the shares Goldman Sachs was about to sell.In order to cope with the subsequent large amount of redemption funds, Goldman Sachs Group will inevitably gradually sell and cash out the shares held by these two large-scale comprehensive funds.
What they have to do is to take over as soon as possible. The reason for doing this is simply to bet that these high-quality company shares must have a certain room for growth!When the time comes, they will make a certain amount of profit and then sell it. If Goldman Sachs eats meat, it would be good for them to drink some soup as well~! (End of chapter)
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