Chapter 287 Damn Senior

Eason Chan's "Christmas" was playing in the streets and alleys, occasionally interspersed with Xue Zhiqian's "Serious Snow". Large, conspicuous Christmas trees were hung in office buildings, and people came in and out in groups of three or two, discussing how they would celebrate Christmas in the evening.

Zhou Wei had a gloomy face. He had originally made an appointment with the Little Elk Wearing Bells to meet at the hotel in the evening, but now his plans had changed and he had to go meet Boss He Chuan.

This is his third visit to Panda TV headquarters this week. Today is Wednesday, and there is something new every day.

The Wanda Financial Team, which bears the name of FA service team, has no moral principles at all, especially their boss named Qu, who performs Tai Chi like Zhang Sanfeng in the world.

On the first day, they said that we had discussed and negotiated, and to show sincerity, our President Wang could first resign from the position of chairman. Very good, it seems that they want to surrender unconditionally.

The next day, we will talk about your demands and opinions, which are still under study. As it’s the end of the year and everyone is busy, please understand each other and we can discuss it after the new year. It’s not good but reasonable, and the pace is within expectations.

Today was quite exciting. He said that we should make peace and give up our super voting rights. In return, our President Wang will step down as CEO and all subsequent conditions concerning the control of the company can be discussed.

By the way, for strategic considerations, we have to adjust the equity structure of Banana Entertainment and pledge part of the equity to Qihoo 360. This matter does not involve your shareholder rights, so please don't say anything disunited about denying the confirmation of ownership. We have our own control.

"At the end of the powerful crossbow, the force cannot penetrate Lu's silk."

In the bar with lively jazz music, Mr. He Chuan sat in a corner booth and uttered a sentence in classical Chinese that didn't match the atmosphere. Zhou Wei, who was beside him, scratched his head and didn't pay attention to these details.

Not only were his dating plans interrupted today, but it was also the first time that an unexpected situation occurred in the battle for control of Panda TV.

Mr. Qu is an experienced "veteran". When he teased Mr. Wang with the words "you might as well resign", his implicit meaning was to remind the other party that real business competition is rarely as dramatic as the dramatic events that determine life and death. Most of the time, it's just rolling and wrestling in the mud, torturing each other and getting entangled.

The reason why the WhatsApp acquisition project, which was Xie Jingxing's debut, has been constantly studied by industry experts and professors, is because it is so rare. In this way, no one made a foolish mistake, and the multiple parties played to the extreme and jointly achieved a resounding victory, which is a miracle.

So when faced with such an opponent, Mr. Qu chose to bring the method of warfare into the field of fighting rough battles, which he was good at.

Young people, don't try to concentrate your forces in a position. If you are defeated, your army will be completely routed. I have been in the martial arts world for many years and my main focus is on resisting step by step with clear levels. If something is really impossible, the right thing to do is to cut the loss in time and run away.

This tactic made He Chuan very uncomfortable, as he felt helpless and had no idea where to use his strength.

The CEO position is associated with a sunset clause for super voting rights, and Mr. Qu can negotiate if he backs down and compromises; we can negotiate if the board framework is adjusted to restrict the power of the major shareholder Banana Entertainment; in short, we can negotiate anyway.

So the question is, do we want to talk?
"Xiao Zhou, what do you mean by leaving no room for maneuver?" He Chuan asked in a low voice while playing with the wine glass.

Zhou Wei observed the situation and said: "Cancel the super voting rights of Banana Entertainment, remove the CEO from his position, and eliminate their personnel faction in the company's management... Find an opportunity to dilute their shareholding and kick them out later."

"Follow-up." He Chuan repeated with a conflicted tone.

"I think at present, the most we can do is to have actual control, after all, Banana Entertainment holds 68% of the shares."

Zhou Wei cleverly picked up the conversation, paused and added: "And they have a confrontational response."

"What do you mean?" He Chuan did not comment.

Zhou Wei picked up his glass and put it down again, and made an analysis with some hesitation: "First, they pledged their equity to Qihoo 360 to obtain cash flow, which can delay the time node of the next round of financing for a long time and create a way out in disguise."

"If it doesn't work out, just cut your losses and exit. Throwing your equity to Qihoo 360 will create a big landmine for us. Given the relationship between Zhou Hongyi and Mr. Xie, we will be involved in a more intense competition, a life-and-death struggle."

After getting He Chuan's nod of approval, he picked up the wine glass and took a sip: "Also, they have been publicly talking about soliciting investors in the circle these days. The longer we delay, the greater the pressure from public opinion. Um, there is something I don't know if I should say or not?"

"Well, I'll tell you. I remember Mr. Tang mentioned during the training that the ultimate goal of venture capital institutions is brand value. Fundraising, projects, and the reason why we can be successful on both the front and back ends of the business is that our customers, peers, and founders all recognize the reputation of Mr. Xie and Xiyou."

He couldn't help curling his lips: "I heard that Prince Wang also invested in our first RMB fund. So although our influence is enough and we don't need to care about the negative reputation, why should we stubbornly resist the pressure of public opinion that can be avoided?"

Zhou Wei laid out all the pros and cons he had been thinking about in the past few days. Sure enough, under President Qu's combined attack and defense, the definition of leaving no room for maneuver became blurred.

He Chuan became more and more conflicted. Unless President Xie dragged the richest man's son out and shot him, it would be impossible to completely kick Banana Entertainment out in a short period of time.

As long as the person is not dead, even if he is sentenced to life imprisonment and sheds tears behind bars, no one can directly snatch away his shares.

In this way, the so-called goal of leaving no room for maneuver is to gain actual control of Panda TV and completely kick Banana Entertainment out from the management structure.

“There are still things we can learn from the old veterans.”

He Chuan sighed with admiration and stopped talking. Seeing this, Zhou Wei quickly gulped down two glasses of wine, found an excuse to leave.

On the way home in an online taxi, I helped Mr. He book a flight for tomorrow. Then he remembered Bell Deer. He blinked his hungry wolf eyes with green light and sent a WeChat message to extend his room.

The other party replied after more than ten minutes. What time is it now?
Zhou Wei looked at the time, two o'clock in the morning, raised his head to look at the moon and sobbed and howled like a wolf, damn old senior!
…………The next day, He Chuan said goodbye to his live-in girlfriend and flew to Beijing on a business trip.

Meizu's sub-brand Meizu Blue held a concert at the South Square of the Bird's Nest tonight to launch two low-end mobile phones. At the same time, investors were present to discuss the new round of financing plans.

Tang Mande, senior partner of Grapefruit Capital, came to show up, as did Chen Xi, who was assisting in the financing case as assistant to Meizu CEO Xie. There was also a colleague who was not present, Miao Nan, senior partner of the pan-entertainment investment team.

"Mr. Miao Nan, we meet everywhere in life. I said I didn't see you in the company a few days ago." He Chuan took the initiative to greet him.

Miao Nan smiled enthusiastically and explained, "I've been on a business trip to Beijing recently. One of the guests at tonight's concert is from a girl group whose company is looking for money. They're doing the same kind of idol trainee incubation that Korea does. I came to take a look."

"Then you can talk to Assistant Chen. The Xiaoma Pentium that President Song is in charge of is currently making a girl group variety show. If you invest in it, the resources can be connected." He Chuan laid the trap.

Chen Xi smiled and said nothing, acting like a heroine in a youth literature novel. There was no need for her to participate in the internal competition of Grapefruit Capital.

"Creation Camp 101" can also get resources from Panda TV. He Chuan just talked himself into giving himself away. If you want to get resources from me, you have to buy me a cup of coffee and say something nice to cheer me up.

Miao Nan knew very well how he got the position of junior partner. He had not invested in a single project since joining the company, so it would not hurt him to be criticized.

Furthermore, if he wants to invest in this girl group, he will have to ask for help in connecting with resources, and he will definitely give priority to establishing a relationship with Mr. Song. Things like human relationships will come after a while, and He Chuan has nothing to do with it anyway.

Hundreds of people were running around in the backstage area, with big "Mei Lan Night" signs hanging everywhere. Miao Nan stepped back flexibly and left first.

He Chuan felt bored, so he chatted with Chen Xi for a few words and then turned to look for Tang Man.

"Prince Wang sent me an email through his identity as an LP of Grapefruit Capital, accusing us of damaging the interests of LPs for personal gain. He demanded that Grapefruit Capital acquire the shares of Panda TV held by Panda TV according to the LP investment terms."

As soon as they met, Tang Man said bluntly: "They are just some small tricks, but a little annoying."

"Banana Entertainment has completely tied itself to Qihoo 360 through equity pledge. If they continue to drag it out, they will have the upper hand before Panda TV's cash flow dries up. They are holding back on showing us their financial reports, and we don't know how long this period will last. The longer it lasts, the greater the uncontrollable factors will be."

Zhou Wei saw the mines of the future, and He Chuan saw the imminent ones.

He then changed the subject and said, "They are actively contacting potential external investors. If they offer very good conditions, should we talk to Banana Entertainment?"

"Are there any disagreements?" Tang Man understood immediately.

He Chuan did not pretend in front of his long-time supporter: "Although Panda TV missed a very good financing opportunity, we successfully obtained the actual control of Panda TV. President Xie is very satisfied. The temporary loss of our group's investment performance is nothing, and it will be compensated in the future. I can't say this to my colleagues."

"I have had contact with Qu Dejun. If he were put in a costume movie, he would be considered a veteran thief."

Tang Man smiled knowingly, and then joked: "Your style in the past two years has obviously been influenced by Mr. Xie. Most of the time, he is too aggressive and others would be too aggressive. There is no harm in being a little more tactful."

He Chuan listened obediently but disagreed in his heart. Zhou Wei analyzed the pros and cons in a serious manner and tended to fight and talk at the same time to conceal his real purpose. Miao Nan swallowed the insult and retreated to accumulate strength. He used to do the same.

However, he felt sorry for himself for having to work hard to reach his current position through one project after another.

"So what do you think?" Tang Man got to know this little brother who had been treated as a "serf" by her in the past.

He Chuan's answer was not surprising: "Speed ​​up the implementation of the original plan and don't give them room to make small moves."

"Report to Mr. Xie."

Tang Man waved her hand to signal for calm, and explained in a low voice: "Our ultimate goal is to have a Panda TV with good future development, rather than taking over an unknown live broadcast platform that has lost its market competitiveness after high-intensity management infighting."

"On this point, we and Qu Dejun are both afraid of each other, and neither of us knows the bottom line of the other. They are likely to think that our bottom line is to burn both sides together and walk away with the current tenfold return, so they keep counterattacking with various small moves to test but are willing to give in and compromise."

"In fact, our bottom line is much higher than this. In our opinion, it is Prince Wang who is overly emotional and can easily lead to a lose-lose situation."

Tang Man's thinking was very clear. He knew that one should eat one bite at a time. He would first abolish the super voting rights of Banana Entertainment by removing the CEO. As for the power of the board of directors, Mr. Qu could delay it as he wanted. Sooner or later, he would get back the principal and interest. There was no need to force it.

He Chuan felt that the longer it was delayed, the higher the uncontrollable risks would be. He was too young and inexperienced, and he did not understand the behavioral logic of the public institution partners like Jiaotong University.

"You and your team have done a great job, but Qu Dejun is not the type of prince... that type, uh, you know what I mean? If we can remove him from the CEO position, it will be a success. Don't think too much. I will go to Singapore tomorrow to report to Mr. Xie in person."

Tang Man finally said something to comfort him, but He Chuan remained silent in response.

(End of this chapter)