Entertainment: I just want to be the boss behind the scenes

Chapter 391 Tsk, what a pity

Jinling, Straw Bear Entertainment.

The spacious conference room seemed a little small because it was packed with people. People near the window felt that the air in the room was a little turbid, so they opened the window. The slightly cool autumn wind blew in through the window gap, making the already dull atmosphere in the room even gloomier.

Liu Xiaofeng rubbed his face. In just a few days, he looked extremely haggard. Wu Qilong, who was sitting next to him, was not much better. His face, which was already wrinkled due to his age, looked even more depressed.

"What did Ali say?"

Liu Xiaofeng shook his head. "I went to talk to them, and they gave us two options. Either we take over Alibaba's shares and they withdraw their investment; or we merge into their big entertainment project, but it will most likely be split up later."

"That's the same as not saying anything." Wu Qilong cursed in a Taiwanese accent.

"Yeah, I said before that unless we bring in the Arc Light, there is no hope for Ali." Liu Xiaofeng smiled bitterly and looked over again: "What about you?"

Wu Qilong frowned. "It doesn't matter to Master Shi. She just holds shares. The decision is up to me. But Zhao Liying sent me a message yesterday saying that she wanted to transfer her shares."

Liu Xiaofeng was stunned for a moment, then suddenly realized.

That's right, he only has 1% of the shares, and the profit is only million. If the company can go public in the future, it will be quite valuable. But now that such a big trouble has occurred, he has not made much money and has been in trouble. It's not worth it.

"Forget it, just go ahead and transfer." Liu Xiaofeng whispered, "But before she transfers, I can still ask her for help."

Having hit a hard wall with Meng Bai before, they originally wanted to see if there were other buyers, or if they could raise funds from other channels.

But unexpectedly, the arrival of "Fan Bayi" immediately afterwards made the already urgent situation even more serious.

Many people in the same chain as them have been arrested recently, and it will soon be his turn. If he can't come up with a way to protect himself, it will be too late.

Thinking of this, Liu Xiaofeng took a deep breath and looked at Wu Qilong: "How about it, have you decided?"

"..."

Wu Qilong was silent for a long time, and finally nodded with difficulty.

"all?"

"all……"

"Okay, let me announce it then."

Liu Xiaofeng said, and then stopped looking at the other party. He stood up and walked to the front of the conference room. After all the executives in the room calmed down and looked over, he finally said slowly: "Everyone, I have something to tell you..."

……

In late October, when netizens were still immersed in the shock of the "800 million yuan sky-high fine", a piece of news about a celebrity attracted a lot of attention.

Zhao Liying, one of the top "85 Flowers", announced on Weibo that she and Feng Shaofeng have obtained their marriage certificate.

Regardless of what the bystanders said, her fans were instantly go crazy.

After all, she had just posted a photo of herself doing the splits not long ago. Although she didn't say anything, everyone assumed that this was a denial of the previous "marriage and pregnancy" rumors.

Her fans also used this as evidence to spar with fans of rival groups on various platforms. Whenever someone mentioned "marriage and pregnancy", they would rush to accuse the other party of spreading rumors.

Unexpectedly, just over a month later, the boomerang hit back and stabbed a group of fans in the back.

Fans who felt cheated were in a mess. Some couldn't stand it and quit being fans on the spot, while others tried hard to make amends for their idol.

"Ying Bao just posted a split and didn't say anything. The rest is all your imagination. This can't be considered a lie. Besides, marriage and pregnancy are private matters. If someone doesn't want to make it public, then don't make it public. Why do you need to talk about it here..."

Unfortunately, the fans' efforts had little effect. Zhao Liying's nickname "Splits Sister" was freshly released and instantly became another public opinion label for her.

The dispute between fans and haters was heated, and the Internet was abuzz with discussions.

But under the clamor of public opinion, an acquisition case that no one paid attention to has ended. "Mr. Meng, congratulations."

In the conference room, Liu Xiaofeng closed the share transfer contract in his hand and said to Meng Bai with a wry smile on his face.

"Congratulations, Mr. Liu. We both get what we want, right?" Meng Bai said with a smile.

Just now, Meng Bai acquired 4.3% of the shares of Straw Bear Entertainment for 80 million yuan.

The reason why there is an extra portion is that in addition to the shares held by Wu, Liu and others, there is also Alibaba's 15%.

In fact, when Ali learned that Arclight was going to move into Straw Bear Entertainment, he intended to stay. After all, everyone knows that if there is a company that can survive this film and television winter, it is definitely Arclight.

Unfortunately, Arclight was not willing to accept it. After all, Ali's "invest in whoever you want to sell" style was too famous in the industry. Meng Bai asked himself if he had any means to break through Ali, so he simply acquired it.

Meng Bai acquired Straw Bear Entertainment not in the name of Arclight Pictures, but through Qiming Venture Partners.

Over the years, as a "super unicorn" in the film and television industry, Arclight Films has attracted many interested venture capital funds. Unfortunately, because Meng Bai insisted on not raising funds, these funds were never able to enter.

Now, hearing that ArcLight has acquired a new company and decided to raise external financing, the capital market instantly flocked to it.

However, Meng Bai is no longer a novice in capital and has some understanding of these venture capital funds, so he only agreed to a few of them that he was more familiar with.

Of the 80% of the shares, Tencent holds 20%, Qiyi TV added 5%, and Huace Film & TV also invested 5%. In addition, there are investors such as Sequoia Capital and Gaorong Fund that have had contact with Pinduoduo before, and together they hold a total of 15%.

By this calculation, Arc Light now holds 35% of Straw Bear Entertainment's shares and is still the largest shareholder.

Not only that, the new company acquired by ArcLight will naturally not be able to be calculated according to the previous valuation price, but will have a completely new standard, and the price will definitely be higher.

It is equivalent to Meng Bai making three or four times the profit immediately after a few moves.

"Mr. Meng, look at this fund..."

"Don't worry, we at Arc Light always keep our promises." Meng Bai called over to Gu Fei, "This is the person in charge of this acquisition. You can just contact him directly."

Gu Fei, who was wearing a standard OL outfit, nodded to the other party and said, "Hello, Mr. Liu, my name is Gu Fei, and I am the COO of Qiming Venture Partners. I will be the one to contact you regarding this acquisition and subsequent specific funding issues."

"Thank you for your help, Mr. Gu." Liu Xiaofeng forced a smile.

According to the previous valuation of Straw Bear Entertainment, 4.3 million yuan to acquire 80% of the shares is definitely a bargain. Moreover, a considerable part of it belongs to Alibaba, and they sold it according to the standard valuation.

He felt so heartbroken that he wanted to bleed, but there was nothing he could do. The situation was stronger than he was, so he had to do this.

And no matter what, the funds have been raised. Although I have lost a layer of skin this time, I should be able to save myself in the end.

Meng Bai didn't care what the fate of Liu Xiaofeng and the others would be. Anyway, he had already gotten what he wanted, and it was acceptable as compensation.

As for how powerful he and the people behind him are, and how high the background they can find, that is none of his business.

However, I can report the situation to Director Nie and the others later. After all, reporting illegal crimes is everyone's responsibility.

Looking at Meng Bai's playful smile, Liu Xiaofeng felt inexplicably uneasy.

"Boss Meng, what's wrong?"

"It's okay, I just thought of something else." Meng Bai said naturally, "By the way, why didn't I see Boss Wu and Miss Liu at the signing ceremony today?"

"Well, they had other plans, so the transaction part was given to me."

Meng Bai smacked his lips: "Tsk, what a pity."

Liu Xiaofeng didn't know what "what a pity" meant, and he didn't dare to ask. After a few pleasantries, he looked around the company and finally left this familiar place with gritted teeth.

(End of this chapter)