Chapter 258

January 11, 2007 was a very auspicious number and also a very nice day.



Renren and Facebook jointly announced:

“Renren and Facebook formally passed the merger proposal, and the data of Facebook and Renren will be exchanged in the future, the two software will be able to communicate across platforms, and the accounts will also be interoperable!”

With a “boom”, it was like a huge bomb that was dropped on the world, and countless people who ate melons instantly raised nests in their skulls.

“Oh my god, Renren and Facebook have merged? Bib and Twitter have merged? Oh, and another cloud search will also become an important member of the new company. Does this mean Google? My god, This melon is really big and ripe!”

“More than that! Yotobe will also be integrated. This is a super monster! The social market is monopolized by everyone and Facebook, and the blog market bib and Twitter are monopolized. Now there is a search software and a video platform. It’s invincible!”

“Didn’t Renren Video and Renren Music merge in?”

“No, I heard that these two companies are Polaris Entertainment, but everyone also holds a stake in Polaris Entertainment, so…”

“No matryoshka dolls matryoshka dolls…”

“What is this? The birth of a social empire?”

“Distressed Penguin! When I wake up, the sky has changed!”

143

“Hahahaha, I’m here too! Distressed msn, it was enough headache, but now the two biggest enemies have merged, and a big monster is right in front of you, haha!”

“This merger is much more reliable than the merger of Time Warner and American Online. This is a merger of overlapping businesses. It will inevitably cause a situation where 1+1 is greater than 2, or even equal to 5! This is a super giant!”

“Indeed, no wonder it was able to merge together so quickly, but it really is…I was caught off guard!”

In fact, it is not only the merger here, but also the merger of Yunge Search and riddet in the details. These two are equivalent to the feeling of Qiandu and Tieba together.

And after poker is integrated into this big family, it will also begin to enter the field of socializing with strangers in the world market.

Generally speaking, the penguin is in trouble!

“boom!”

“How is this possible, how did they merge?”

Poy Ma hasn’t come out of the shock yet, and Zhang Zhidong is silently watching the news and speechless.

At first, they didn’t care about the news of the merger, but when they really said it from others, it was still quite shocking.

“I’ll give Su Cheng a call!”

Poy Ma immediately dialed Su Cheng’s phone and talked for 20 minutes before Poy Ma hung up the phone contentedly.

“Okay, poker will not enter the domestic market. Our basic market is preserved. This is a rare good news. Then there will be competition in overseas markets. For us, it is pressure and motivation!”

Zhang Zhidong frowned, “Do you believe him that way?”

Poy Ma shook his head, “It’s not because he believes so, but because he is already our shareholder. Although he has only 3 points of shares and did not enter the board of directors, none of us knows how many shares he has secretly.”

Zhang Zhidong was shocked, “When did it happen?”


“I also just learned that he has the idea to repurchase Penguin’s shares in the South African company, as well as the shares of other companies. It is impossible for him to kill the company he wants to acquire!”

“Don’t tell me about this matter, we just need to know it. Taking advantage of this time, because of their influence, we can still buy back some shares, which may be a good thing.”

Su Cheng really did not have the idea of ​​killing Penguin, because monopoly will definitely have disasters, and he has a good idea to take back those shares, and if you want to take back, it will take the time of the financial crisis.

So it is only one year, and Xiao Ma is also a very capable person, why not support it?

Su Cheng wants to do a lot. He also wants to make Li Jia weigh it. That guy holds a lot of land in the Mainland in his hand. When the financial crisis comes, Su Cheng absolutely wants him to vomit it all.

Otherwise, how much benefit will these plots bring to him in the future?

Moreover, he is also planning to go south to Xiangjiang and attack his nest. Su Cheng is planning to build his own financial field. Is there anything more suitable than Xiangjiang?

On January 13, two days after the news came out, the merger agreement was formally signed.

A newly established company, Galaxy, symbolizes that the Milky Way is the end of the future.

Both of them are named and discarded, anyway, it’s almost enough.

But the merged company is completely different.

The first is the business aspect.

Renren and Facebook merge, this is one piece.

This is part of the merger of Bib and Facebook.

This is part of the merger of riddet and Yunge Search.


In the mid-term, because Yunge Search and riddet are absolutely controlled by Su Cheng, and Yotobe is absolutely controlled by Noah Russell, after being incorporated into the company, the company’s valuation first became higher.

Then the company’s equity distribution has completely changed.

Yinhe Company’s equity allocation:

Su Cheng: Percent

Sky Capital: 7%

Venus Venture Capital: 5%

Noah Russell: 25.5 percent

Wang Xing: 1.2%

Around one: 1.2 percent

Zaza: 0.8 percent

Goldman Sachs: 3 percent

Sequoia: 3%

Softbank: 4%

icbc: 3 percent

Morgan: 3%

Microsoft: 0.5%

Google: 0.3 percent

PayPal: 1.1 percent

Netflix: 1%

Huajin Securities: 1.5%

Other: 1.2%

Option pool: 6.2%

This is the final equity allocation, because Su Cheng’s cloud song search, riddet and even poker’s addition directly drove his final share ratio.

And this time with the completion of the company’s integration, Su Cheng still holds percent of the shares and is the company’s largest shareholder, while Noah Russell holds 25.5 percent and is the second largest shareholder.

Sky Capital and Venus Ventures also hold a combined 12% of the shares, so the number of shares in Su Cheng’s control is 69, which has exceeded the 67% limit, which means that the company is completely In control.

Not to mention that there is a 6.2% option pool, which adds up to 75.2%. There is also an ab share system. It can be said that although Su Cheng seems to have a lower share in the company, it is not.

Because Venus Ventures belongs to him, and Sky Capital is also his. On the bright side, it already has 43.5% of the shares.

It seems that Su Cheng suffers a bit, but this is the most suitable way.

In the end, the valuation of Galaxy Company came to a terrifying $62 billion, which is the company’s valuation after integration.

Percent of Su Cheng’s apparent shares is worth $19.53 billion, which means that a new global rich man was officially born. This is just this company.

It is worth nearly 20 billion dollars without mentioning others.

And after the integration is completed, Galaxy will apply for listing, which means that it will start to apply for a listing in March 2007 or so, and it will be officially listed in May at the latest.

But at this moment,


A social empire was born! .

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like