Since the Chinese New Year, the four major portal websites have been negotiating with Huangfu Holdings Co., Ltd. about the rights and interests of Weibo.
After one or two years of hard work by the four major portals, the total number of Weibo users has exceeded 600 million, of which monthly active users have exceeded 300 million.
If placed in the United States, the Weibo company is basically valued at at least 10 billion US dollars. In China, even if it is a little less, it has reached 35 billion yuan.
It can be said that it is the efforts of the four major portals that have enabled Weibo to achieve such great success.
In April 2010, their rights to operate Weibo were about to end. Originally, the four major portals thought that relying on the stickiness of their websites, they should be able to retain users.
But what I didn't expect is that Weibo has developed so rapidly that everyone has a huge stickiness to Weibo as a platform, and it can exist independently from the four major portals.
Now they panicked.
They watched helplessly as the Weibo platform they had worked hard to develop and grow was finally picked up by Huangfu Holdings Co., Ltd. Of course they were unhappy and unwilling.
Therefore, they discussed it together and decided to ask Huangfu Cai, either to buy the shares of Weibo, or to cooperate with each other, cross-holding, and work together to operate Weibo.
Huangfu Holdings Co., Ltd. has a total of two major products, one is the Weibo company that promotes and operates the four major portal websites, and the other is the more popular WeChat company.
Now most of the company's elites are working hard on WeChat and have developed it into the world's number one instant voice messaging company. Although there are still considerable losses, since the launch of WeChat Wallet, people have been able to
Seeing the broad prospects of mobile payment and the huge potential of b22 online commerce, the valuation of WeChat company has soared and has exceeded 200 billion yuan.
Therefore, the senior executives in the company do not think that Weibo is that important. After all, they have been separated from the main body of the company's operations for a long time. Their emotions are not that deep.
However, Huangfucai's thoughts were different from theirs. Weibo was the first idea she came up with, and she naturally had deep feelings for it, so she was not willing to give up on Weibo.
Faced with the opinions of the four major portals, Huangfucai chose cross-shareholding, letting go of their shackles and allowing Weibo to continue to develop healthily without losing its ability to control it.
In this world, everything depends on strength.
There are actually many ways to cross-shareholding, and there are many results.
If Huangfu Holdings Co., Ltd. is just a company that developed the product Weibo, then the four major portal websites that now have cross-shareholdings with it must have exchanged it with their own shares, and then continued to rely on the introduction of investment and additional issuances.
Huangfu Holdings Co., Ltd. was driven out of Weibo’s profit circle, and then enjoyed the profits for itself.
If Huangfu Holdings Co., Ltd. is strong, then everyone will cooperate as equals and follow normal business rules.
However, now Huangfu Holdings Co., Ltd. is not only strong, but also very strong. Not only because of the popularity of WeChat around the world, but also because behind Huangfu Cai, a stunning beauty, stands Xiao Qi, the world's richest man.
With Xiao Qi here, if he is offended, it is possible that the four major portals will be forcibly acquired by him.
Not to mention the poison pill counterattack that Shanda encountered when it acquired Xinglang. All the four major portals knew that it was not a poison pill plan. Even if it was a ten times poison pill plan, Xiao Qi could directly acquire it without frowning.
When a person's wealth reaches more than 500 billion US dollars, basically there is no force in the world that can stop him from making normal business acquisitions.
What's more, as a local snake in China, the leaders of the four major portals all know that most of Xiao Qi's 500 billion US dollars is the main business of Fairy Company. For the important Xiaoyao series of Fairy Company, whether it is ranked by Forbes or Fu Run
Lists are all invisible with open eyes, greatly underestimating their value.
If calculated carefully, Xiao Qi's 500 billion U.S. dollars and an additional 300 billion U.S. dollars would have no problem at all.
Think about it, is it stressful to go against such a rich man in the world?
It’s simply overwhelming!
Therefore, when the four major portals negotiated with Huangfu Holdings Co., Ltd., they were very cautious. They could neither allow themselves to suffer losses nor overly force Huangfu Holdings Co., Ltd. They were really walking on thin ice.
After two or three months of negotiations, a preliminary agreement was finally reached recently.
The valuation of Weibo Company is still calculated based on the 35 billion yuan during the Spring Festival, exchanging 18% of the shares for 22.5% of Xinglang's shares, and 15% of the shares for 12.2% of Penguin's shares.
Then Wang Yi handed over all his existing Weibo users and technical data to Xinglang for operation, thereby occupying 7% of Weibo company shares, while Wang Yi Company gave Huangfu Holdings Co., Ltd. 1.2 billion as the share purchase fee.
.This is the price of 3.5% of the shares, and the remaining 3.5% is used as the fee for the transfer of their user data. This is the benefit that Xinglang gets, while Huangfu Holdings Co., Ltd. pays the bill.
Similarly, Sohu Company also transferred its user and technical data to Penguin for operation, occupying 6% of the shares of Weibo Company. Sohu Company will give Huangfu Holdings Co., Ltd. another 1 billion as the share purchase fee, and the price and
The reason is the same as Wang Yi's.
Privately, Xiao Qi also transferred the Weibo company shares he had purchased with 2 billion yuan to Huangfu Holdings Co., Ltd. at the original price. Although it was completely equivalent to giving shares to Huangfu Cai, the little fairy was his wife. Xiao Qi
Naturally, I am also happy to do so.
As a result, Weibo's largest shareholder Huangfu Holdings Co., Ltd. holds 56.8% of the shares, the second largest shareholder Xinglang holds 18% of the shares, the third largest shareholder Penguin holds 12.2%, and the fourth largest shareholder is Wang
Yi's 7%, the fifth largest shareholder is Sohu's 6%.
However, Wang Yi and Sohu completely withdrew from the operation of the Weibo company, and the entire Weibo company was transformed into two platforms, Xinglang and Penguin.
In the next ten years, if Weibo's active users reach a certain number, Xinglang and Penguin will have the right to request another share swap from Huangfu Holdings Co., Ltd., but they cannot purchase them in cash.
This transaction model is to enhance cooperation between several major companies and to increase Huangfu Holdings’ influence on the Internet.
In fact, during the transaction process with the four major portals, Huangfu Holdings suffered some losses, but Huangfu Cai did not care about this. She had a broad mind, and she was naturally willing to reward these meritorious officials.
The four major portals have taken a lot of advantage. Wang Yi and Sohu have gloriously withdrawn from business, but they own the equity of Weibo Company, which prevents them from being squeezed out of the market.
Xinglang and Penguin have more benefits. Just through share exchange, they actually obtained the management rights of the Weibo company and became the major shareholders of the Weibo company. They will not worry about being picked off by Huangfu Cai, and they don't have to worry about it.
Those who spent money got user data and technical data worth more than 1 billion, and they got benefits overtly and covertly.
Huangfucai did not forget what Xiao Qi said. When the Weibo transaction had just ended, he spent a total of 6.6 billion yuan to buy 15% of Wangyi and 15% of Sohu's shares, thus becoming the owner of the four major portals.
Important shareholders have also formed a strong network influence.
Apart from other things, the future development of WeChat in China will definitely be smoother. WeChat has always been rooted in the Internet. Now that online portals have Huangfu Cai’s shares in them, they will naturally favor Huangfu.
If you are a bit more cheerful, you will also take more care of the WeChat company.
When the giants of the four major portal websites signed the agreement, they all came to Rongcheng in person and visited Huangfucai.
According to what the little fairy talked about after returning home, the focus of the meeting was, as expected, on the listing of the Weibo company.
Joint-stock companies have great benefits in terms of financing. If they are short of funds, they can expand their shares and raise funds to collect further money for their own use.
Especially the joint-stock companies in China, many of them are money-losing roosters. They use retail investors' money but never pay any dividends. This means that they can make unlimited money without giving any dividends.
The return is much more convenient and comfortable than borrowing from a bank!
Compared with joint-stock companies, Internet companies are even bigger money-burners. Under such circumstances, it is natural to go public to make money.
The investment of the Weibo company in the past few years has increased from a small amount to a large amount. In order to further develop in the future, it is naturally impossible for Huangfucai to be the only one to provide money, so it is normal to be on the right track and be responsible for its own profits and losses.
Therefore, in order to allow the company to have more spare money for development, the four major portal websites have long been thinking of listing Weibo. This time, they came together to ask Huangfu Cai for his opinion.
Huangfu Cai was not interested in these complicated things, so he asked Xiao Qi directly after returning.
The young man had long expected such a situation, so he was well prepared.
Of course he supports Weibo's listing.
After all, Weibo Company has now dispersed its shares and has five major shareholders. The shares will be further diluted in the future. Whether 50% of the shares are controlled or not is not the most important.
The most important thing about Weibo Company is that it has formed an alliance with the four major portal websites. Everyone has cross-holding shares and has the same interests to a certain extent, so they can join forces to do many things.
Even if they are listed, the interests of the five companies are the same. They hold at least 70% of the shares in total. They are not afraid of being robbed of control by outsiders. At the same time, they can have a lot of development funds and be responsible for their own profits and losses.
It will encourage them to develop more seriously.
However, the time for listing has not yet arrived! (To be continued...)