Chapter 197 One-to-One Exchange of Shares
Chen Liwu did not directly answer Liu Zhou's question, but instead said:
"Mr. Liu, I found something very interesting in the United States. Would you like to listen to it?"

"Oh, what's the matter?"

“You should know that we at Walden International have also invested in many companies in the United States, many of which have been listed on NASDAQ or even the New York Stock Exchange.

So we are well-informed about some news from the Securities and Exchange Commission (SEC) of the United States. I recently got a piece of news from the SEC. Would you like to listen to it, Mr. Liu?"

Hearing Chen Liwu's words, Liu Zhou's heart sank, and he had a bad feeling, but he still asked calmly:

"Oh, what's the news?"

“That is, someone is conducting a stock transaction in Sina and is quietly working with the SEC to get the SEC’s acquisition approval letter.

Mr. Liu, this person is not you, is he?" Chen Liwu asked with a smile.

Liu Zhou couldn't help but fall silent.

I thought I was doing it very secretly, but I didn't expect that I would still be discovered.

Companies listed in the United States are subject to particularly strict supervision, and any changes in equity are subject to strict regulation.

The equity transaction agreed upon by Liu Zhou and Chen Tianqiao was not something that could be agreed upon by just the two of them; it also required approval from the U.S. Securities and Exchange Commission.

Although obtaining the acquisition permission letter can be done secretly, if someone asks around, they can still get the news.

After signing the acquisition agreement with Chen Tianqiao, Liu Zhou asked a top commercial law firm in the United States, with whom he had communicated before, to handle matters related to the acquisition license letter.

I thought this matter would go smoothly, but I didn't expect the news to be leaked here.

"Mr. Chen, since you already know about this matter, why do you still ask me even though you know the answer?"

Liu Zhou admitted it directly, there was no point in denying it.

“No, I’m not sure who it is, and the SEC is not owned by my family. I just know that someone is conducting a stock transaction in Sina.

It was not until Mr. Liu wanted to buy my Sina shares just now that I guessed it was you."

When Liu Zhou heard this, his heart was moved. It seemed that he didn't know that he was trading Sina's equity with Chen Tianqiao. In this case, it meant that his final trump card had not been exposed yet.

"So that's how it is. I thought I did it very secretly, but I didn't expect that there would be no secrets in front of Mr. Chen." Liu Zhou said with a wry smile.

"Haha, actually Mr. Liu did a pretty good job of keeping secrets. I just happened to be there."

"No matter how secretive it is, it's useless in front of Mr. Chen."

"Hahaha……"

Liu Zhou also revealed a somewhat ugly smile.

For him as a director, it is easy to make such an expression.

After letting Chen Liwu feel proud for a while, Liu Zhou then asked:

"Mr. Chen, since you already know this, can you sell me your Sina shares?"

At this time, Chen Liwu also put away his smile and said:

"Boss Liu, are you really planning to fight Duan Yongji?"

"Mr. Chen should also know that my main business is film and television entertainment. Sina is the largest portal website in the mainland, and its role in promoting movies and TV series is getting bigger and bigger.

In fact, Sina is not only complementary to Shanda, but also plays a great role in complementing my industries. "

"Boss Liu, from what you said, you still want to put Sina in a supporting position for your film and television company. The value of Sina is much higher than that of your film and television company."

"Of course I know this. I don't think about which company will be the main one and which will be the secondary one. The two companies can develop in a coordinated manner."

"Mr. Liu, you should have contacted more than just me, right?"

Liu Zhou took a deep breath and then exhaled slowly. He was a little annoyed by Chen Liwu's roundabout questioning.

I have already cooperated with him in the performance, but he has not given me a direct response.

But thinking that he still needed help from others, he suppressed his annoyance and replied with an unchanged expression:
"That's right!"

"It seems that Mr. Liu has been planning for a long time."

"Then Mr. Chen, are you going to sell the shares you have?"

Who is Chen Liwu? He is an old hand and his ability to read people's expressions is perfect.

Although Liu Zhou tried his best to remain calm, he still noticed the hint of impatience in his tone.

After all, they are still young and their patience is not that good.

But Liu Zhou is not an ordinary young man after all, so Chen Liwu did not beat around the bush and said directly:

“Yes, but it’s not cheap.”

"Price is not a problem, as long as Mr. Chen is willing to sell it."

"It seems that Mr. Liu is determined to acquire Sina. Aren't you afraid that I will tell Duan Yongji about your intentions towards Sina? You know, in the eyes of outsiders, I am also on Duan Yongji's side."

Although Chen Liwu has a high prestige in Sina, he basically will not oppose Duan Yongji's opinions. This is why Duan Yongji is confident in keeping him on the board of directors.

So in the eyes of outsiders, he and Wang Yan are both die-hard fans of Duan Yongji.

But don’t forget Chen Liwu’s identity. He is the boss of a venture capital company. He is always pursuing profits, not anyone’s man.

Chen Liwu stands on Duan Yongji's side at Sina, apart from the fact that his opposition is so powerful that it is meaningless, and the reason is that Sina has not suffered any losses.

If Sina's business stagnates or even incurs losses because of Duan Yongji's constant political manipulation, do you think he will give Duan Yongji face?

Therefore, for investment companies, as long as the benefits are sufficient, they are the easiest to negotiate with.

"I am worried, but I believe that Mr. Chen is not someone else's man. He is the founder of Walden International and the boss of an excellent investment company."

"Haha, how much is Mr. Liu going to offer to buy my shares?"

"Why don't you ask Mr. Chen to name a price?"

When Chen Liwu heard Liu Zhou's words, he couldn't help but call him a little fox in his heart.

It seems that you are asked to make an offer, but in fact you are in control of the initiative and will not expose your bottom line. Although Liu Zhou said that the price is not a problem, if you ask for an exorbitant price, he may turn around and leave.

Chen Liwu pondered for a while and said:
"Double the premium!"

"Mr. Chen, your price is too high."

“Not at all. Sina’s market is so good right now, the stock price will definitely double in less than two years.

Besides, let me put it bluntly, it is you, Mr. Liu, who needs my shares now, not me who is in a hurry to sell them. "

In fact, Chen Liwu's offer was still within Liu Zhou's acceptable range. At least it was not as exorbitant as Chen Tianqiao's.

But it was impossible for Liu Zhou to agree to a price just because the other party mentioned it, so he had to negotiate it out.

Otherwise, if he sees that he has agreed immediately and thinks that his offer is too low, he will go back on his word and raise the price, and Liu Zhou will have no way to deal with it.

At this point, both sides no longer cared about being reserved and started bargaining back and forth.

Finally, after the premium was reduced to 75%, Chen Liwu refused to give in anymore. Liu Zhou knew that this was probably the other party's bottom line.

"Mr. Chen, I will buy your shares at a 75% premium. Do you want cash or something else?"

"Mr. Liu, what do you mean by these other things?"

"Shares of Wangyi!"

"Shares in Wangyi? Are you willing to sell them?"

NetEase stock is very popular now, and the price changes every day.

Last year, NetEase Games became the agent for Blizzard's first online game, World of Warcraft. As soon as this online game was launched in mainland China, it swept almost all Internet cafes in the mainland.

It is not only popular among players, but also has great money-making ability.

This game generated more than 100 million US dollars in profit in just half a year of operation last year, while the five-year agency rights for this game only brought in more than 10 million US dollars per year.

After seeing NetEase Games' financial report, Blizzard regretted it so much that it even had the urge to tear up its contract with NetEase Games.

This is reflected in the continuous rise in NetEase's stock price, and its market value has surpassed Sina in one fell swoop.

It is not easy to buy NetEase stock now, especially in large quantities.

Chen Liwu couldn't help but feel a little surprised that Liu Zhou was actually willing to trade NetEase's shares.

"There's nothing to be reluctant about. If we are lucky enough to take over Sina this time, do you think that with Mr. Ding's strength, he would allow the controller of a competitor to hold so many shares of NetArt?"

"That's right. Then how are you going to exchange your shares in NetEase for my shares in Sina?"

"One-to-one exchange!"

"Mr. Liu, although Sina's market value is not as high as NetEase's, if the premium is 75%, then it is higher than NetEase's market value."

"Of course I know this, but the current appreciation potential of NetEase stock is much greater."

"But if it's a one-to-one exchange, I still feel like I'm losing out."

"Since you feel you're losing money, I'll just pay you in cash."

"Forget it. Suffering a loss is a blessing. I'll just suffer a little."

Liu Zhou ignored Chen Liwu's expression of wanting to be beaten, and continued:

"Mr. Chen, can we keep our transaction private for now? I need your help."

"You want me to side with you on the board?"

"That's right!"

"Mr. Liu, of course I have no problem with this. After all, I will have nothing to do with Sina soon. However, Sina's shareholders' meeting is about to be held, and Duan Yongji is likely to re-elect the board of directors."

"I know that, but even if Duan Yongji wants to re-elect the board of directors, it will only be a small-scale adjustment and will not have much impact."

The most likely outcome of this adjustment of board members is to kick Mao Daolin out.

After all, he has served as a director of Sina for three years, and if he is completely kicked out of Sina now, it will not cause much waves.

If he could get along well with Mao Daolin, he would protect him. Given his status as Gu Yue's son-in-law, Duan Yongji would not dare to deny him any face.

If the talk with him doesn't go well, then he will be kicked out by Duan Yongji.

"Okay, you can communicate with me if you have any ideas then."

"Thank you, Mr. Chen. With your support, I am more confident this time."

"I know my own limitations. I am just adding icing on the cake. I think Mr. Liu has already made a lot of preparations."

After the serious business was discussed, the atmosphere on the scene became much more relaxed.

At this time, Liu Zhou also asked people to serve the dishes.

While the two were eating mutton, Liu Zhou couldn't help but ask:
"Mr. Chen, I'm actually quite curious, why did you agree to sell the shares to me so readily?"

Chen Liwu put down his chopsticks, wiped his mouth and said:

"First of all, I plan to focus my investment on the semiconductor industry, which requires more funds. In fact, even without you, I am ready to sell out my Sina shares.

Since I can get a higher price by selling it to you, of course I will choose to sell it to you."

Hearing his words, Liu Zhou couldn't help but smile bitterly:
"It seems that I am still too young. I should do more detailed investigation."

In fact, Liu Zhou had nothing to regret. It was just that spending a little more money was the most important thing, and achieving the goal.

"Haha, I did take advantage of you this time. I'll help you at the board meeting as a way of repaying you."

"Then I won't lose anything if I say that."

"In addition to this reason, there is actually another point, which is that I have been annoyed with Duan Yongji for a long time, haha!"

(End of this chapter)