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Chapter 96 Acquisition of Tengxun?!

Acquire Tencent?!

I have to say that this idea is very advanced, very awesome, and very strategic. It can be said that no one present has ever considered it.

Even Li Feng never thought that from the moment Li Feng stepped into the Internet, from the moment Li Feng named the bat network administrator "bat",

From the moment Renren was officially launched, Li Feng had only one goal, which was to kill Tencent. There would only be one and only one social empire. "One mountain cannot tolerate two tigers."

Acquire Tencent?!

Even Li Feng was fooled, let alone Zhou Wei, Wang Xing and others. Everyone has been indoctrinated by Li Feng to "kill Teng Xun", "Teng Xun is the enemy", and "Teng Xun is the big bad guy".

With this concept, I never thought that there was another way to pursue acquisition, and I never turned around for a while.

Just like "Youku and Tudou", "58 and Ganji", "Didi and Kuaidi", everyone thinks about how to kill the place every day, but unexpectedly one day they all "merge".

It was Li Feng who reacted first and said to Liu Zhiping: "Zhiping, since you can have this idea, I believe you have thought about it seriously, so you can tell everyone about it."

Then Liu Zhiping said: "Boss, I know that you value Tengcent the most, so I have carefully studied Tengcent's financing and equity structure.

According to my investigation, the current market value of Tencent is between US$1.5 billion and US$200 million, and it cannot exceed US$2.5 billion at most. Therefore, it is completely feasible to acquire at the financial level. Even if the premium is 20%, it will only be US$300 million.

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As for Tencent’s equity structure, Tencent’s Ma Huateng and his five co-entrepreneurs account for 463%, mih accounts for 465%, and venture capital idg accounts for 72%. Let’s release Tencent’s management shares first, and let’s talk about other things first.

:

As a professional venture capital fund, venture capital idg can easily acquire 72% of their shares as long as the money is in place.

As for MIH, it is a subsidiary of the South African newspaper industry. When I was at Goldman Sachs, I had an experience with their senior executive Kusbeck. He is a person who is good at long-term investments and likes to hold shares for a long time.

If we successfully acquire Tencent, we will be able to monopolize the entire social field. I believe that we only need to sell part of the shares, which can be completely done in the form of share swaps. It will also be easy to convince mih. After all, a monopolized market is better than a competitive market.

There are many prospects.

As for Tencent's management, as long as we acquire the shares of the above two companies, we will have more than 50% of the shares and can start strong acquisitions.

If the boss is worried, he can also buy some shares of Tencent's management. I don't believe that all of them are of the same mind.

And even if they are unwilling, Fengrui can dilute their shares through strong capital injections. After all, Fengrui is much richer than Tencent.

Moreover, we can also issue some share-convertible bonds through SoftBank or banks to reduce the amount of our share transfers and make more acquisitions in the form of cash."

Liu Zhiping's words were eloquent, contained specific investigation and analysis, and had specific operational possibilities. They were also sufficiently inciting and seductive. These words alone conquered many people.

After all, they are Wall Street talents, but the capital operations are different.

Li Feng has always been hostile to Tencent and regards it as its biggest potential competitor. This is not a big secret in the company, and it is also a relatively true thought in his heart.

It’s not that he has any prejudice or resistance against Tencent, but considering the social nature of Renren itself and the areas that Fengrui will expand into in the future, it may collide with Tencent.

The achievements of this little penguin in his previous life were too dazzling, and his aggressiveness was too strong, so he was always on guard against it, even "strike first to gain the upper hand", and specially formulated a plan for Tencent.

"Lightning Plan".

In the final analysis, it is a concept of "preconceived idea". It is because Tengxun was too powerful in his previous life, which made Li Feng unconsciously place himself in a weak position, subconsciously thinking about self-protection instead of considering more possibilities.

sex.

Is Tencent very powerful today?

Not necessarily. At the current juncture, Tencent is far from its peak period. The profit model is single. The profit in one year is not as much as the profit in one month of "Miracle Mu".

In addition, facing the multi-faceted campaign of the "Resistance QQ Alliance", the government began to rectify the SMS market, which can be said to be a source of internal and external troubles.

Is Sharpness weak?

From its establishment to the present, in just over a year, Li Feng has created an Internet company with a valuation of US$500 million.

It has a variety of products: Bat Network Management and my123, "Miracle Mu", Renren, and the wholly-owned 17173, which can really be regarded as the top Internet company in China.

Tencent's valuation is only over US$200 million, while Fengrui's first financing was as high as US$500 million, which is not of the same magnitude at all.

And what about Renren?

After the official launch, in less than a week, there were more than three million users. User activity, average online time, and new users every day were all extremely rapid.

Such a product with unlimited potential is already qualified to talk to QQ on an equal footing. The only thing missing is time.

As the saying goes, "The butt determines the head." When the height of the station is different, the angle of thinking about the problem should change. Li Feng also feels that it is time to look at the problem from a different angle.

It is a good thing to have memories of past lives, as it allows you to look at problems from a long-term perspective, but sometimes you can't tell the difference between past lives and this life, so Li Feng usually likes to drink tea and meditate.

It would be great if we could acquire Tencent. Even if we lose half of our equity, we can negotiate any terms just to get Tencent.

And once the acquisition is successful, Fengrui will have 4 strategic products: QQ, the most dominant client, plus Renren, the lowest level on the web, and the network management software "Batware" that monopolizes the entire Internet cafe market

,Navigation home page my123,

In this way, Li Feng has four huge traffic entrances on the Internet, almost monopolizing the entire Internet traffic. In this era when "traffic is king", Fengrui can really do anything.

And if Ma Huateng could work for him, that would be great. I guess he would laugh in his dreams!

Li Feng fell silent when he thought of Ma Huateng working for him.

When Meituan merged with Dianping, Zhang Tao of Dianping cried; when 58 merged with Ganji, Yang Haoyong of Ganji also cried; when Meituan acquired Mobike, Hu Weiwei of Mobike also cried...

"I don't need money, what I need is a dream!"

As a company founder, it is even more difficult to imagine that at the moment of being forced to acquire by a competitor, your ideals will be swallowed up bit by bit by something called "capital"...

In this era where "capital is king", personal ideals will ultimately be no match for the power of capital.

So Li Feng, who had been silent for a long time, finally said: "If we can really acquire Tencent, it would be great. I'm worried that there will be fierce opposition within Tencent, especially Tencent's Ma Huateng.

Moreover, our current Renren network is still relatively weak and needs time, so we can’t ‘alarm the snake in the grass’ yet.

Let’s do this, don’t stop the ‘Lightning Plan’, follow the plan, step by step, and launch the ‘Post Bar’ in two days.

As for the acquisition of Tencent, Zhiping will be responsible for it. You should complete the relevant plans in advance. Even if the acquisition is successful, it will be a long negotiation.

Wait until Renren really becomes popular, then propose an acquisition to Tencent!"

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