"What is the name of Chen Yu's search business?" Fang Hong asked.
"Spiritual Realm Search." Tian Jiayi answered, and added: "In order to advance the search business layout faster, Chen Yu plans to buy the Sogou search engine owned by Sohu. Recently, Teng Xun also intends to acquire Sogou. It is rumored that he has offered 4.5 If the transaction is completed, Teng Xun will obtain an estimated 35% to 37% stake in Sogou after being fully diluted."
Fang Hong nodded, it didn't matter what name he chose.
"According to Chen Yu's report, he plans to take absolute control of Sogou for integration and reorganization. Based on Teng Xun's quotation, Sogou's overall valuation is no less than US$1.5 billion. To take control, there must be a control premium. , the price is not cheap, Chen Yu wants to borrow a sum of funds from the parent company for mergers and acquisitions."
Fang Hong asked: "How much money does he want to borrow?"
Tian Jiayi replied: "I reported 20 billion yuan."
Hearing this amount, Fang Hong thought that Chen Yu probably wanted to win it quickly, so he simply said: "Give it to him, but the interest rate must be based on the market price. That kid has made a lot this year, so he probably wants to win it quickly. Old dog, otherwise I wouldn’t come to the parent company to borrow money.”
Fang Hong knows that quantitative capital has made a lot of money in the first half of this year, but it has not yet been realized. In the first half of this year, quantitative capital can earn at least 35 billion.
After a while, Fang Hong thought about it and added: "He wants to take down Sogou. I suggest he bypass the company and talk to Sogou's parent company to talk to Mr. Zhang."
Tian Jiayi nodded: "Okay."
…
After the weekend, Monday, May 27th.
At the opening of the market in the morning, Quantitative Capital jumped sharply and opened higher by +8.47% at a price of 61.97 yuan. After the opening of the market, the stock price broke out of the five-continuous board market, and the stock price rushed to a price of 62.84 yuan, a record high.
However, after five minutes, the board exploded, and the price fell back by 3 percentage points. However, immediately after the big funds changed hands, the market closed back strongly. The trading volume for the whole day was 1.496 billion. After last Friday’s huge volume of more than 5 billion was released, today there was a contraction. Volume limit.
On Tuesday the next day, Quantitative Capital strongly opened the accelerated one-word daily limit, breaking out of the sixth consecutive board. The stock price rushed to 69.12 yuan, with a market value of 96.629 billion.
The market index also continued to rise with heavy volume this afternoon. A-shares emerged from the "Red May" market. The Shanghai Stock Exchange Index rose sharply by +1.23% today and closed at 2321.32 points. It once again stood above the 2300-point mark.
Quantitative capital is now the undisputed leader in popularity in the two cities. The main Shenglang market in the third section has recorded 10 daily limits in 12 days, with an increase of +157.43%. The cumulative increase of the main Shenglang in the third section has reached +969.97%, which is close to ten Double the increase, the annual line since the first day of resumption of trading has reached a cumulative increase of +2675.90%, more than 24 times.
It is worth mentioning that the market continued to break through today. Not only did Qunxingxing concept stocks stand out in quantitative capital, but Xingyu Technology also closed at the daily limit. The trading volume for the whole day only reached the daily limit of 1.1 billion, and the stock price rushed to 3.81 yuan. The market value is 1,049.102 billion, once again reaching the trillion market value mark.
Previously, the stock price of Xingyu Technology once fell to 1.14 yuan, which few people could have imagined. Now the stock price has reached 3.81 yuan, an increase of +234.21%, more than tripling, and it has once again returned to the trillion market value mark. think.
Seeing the trend of Qunxingxing in the past two months, investors in the two cities of Big A regretted not buying the bottom.
If you choose any Galaxy concept stock at random, it can easily double in the past two months. If you can capture the popularity of quantitative capital, your current income will be almost ten times.
It is worth mentioning that just this afternoon, Chen Yu has led a purchasing team to fly to the capital, and has made an appointment with Mr. Zhang, the head of Souhu, to meet tomorrow.
This time he personally led a delegation here with a very clear purpose: to buy the old dog to search.
…
The next day, Wednesday, May 29th.
At around 10 o'clock in the morning, Chen Yu led a delegation to visit Sohu's headquarters. At the same time, in the A-share market, quantitative capital out of the six consecutive boards did not open a continuous daily limit today, but it also opened sharply higher by +6.12%. At this moment, the stock price It fluctuates at the +8.50% water level.
Just five minutes ago, Quantitative Capital's stock price soared to 75.57 yuan, with an increase of +9.33% and close to the daily limit, but it did not hit the seventh board. The current stock price is fluctuating at a high level.
However, today's record high has also pushed the peak market value of quantitative capital to 105.646 billion yuan, entering the 100 billion club for the first time.
From the price limit of 18 consecutive boards to 6.46 yuan, it has risen to today's highest price in history. The cumulative increase of the three main rises has reached +1069.81%, which has increased tenfold in about two months. The annual cumulative increase since the resumption of trading is It reached +2934.94%, an increase of more than 29 times. It is the stock with the largest increase in the A-share market so far this year.
…
At the same time, Sohu Company Headquarters.
Its head, Mr. Zhang, is receiving people from quantitative capital in a VIP reception room.
Chen Yu didn't mess around, and he got straight to the point when he came. Mr. Zhang looked at the young man in front of him in surprise. After a while, he said: "You want to fully acquire all the shares of Sogou held by Sohu? "
"Yes, there are recent rumors that Teng Xun intends to invest US$450 million in Sogou and merge its Teng Xun Soso business and other related assets into Sogou. Our company is willing to pay a higher price to buy Sogou. "Chen Yu nodded and smiled.
Mr. Zhang is not familiar with the company Quantitative Capital, and he has not paid much attention to the recent domestic capital market. However, the preliminary materials sent by people below show that the parent company of Quantitative Capital is Qunxing Capital, which is why Mr. Zhang is willing to meet Chen Yu. An important reason.
However, after learning about Chen Yu's intention, he refused without much thought: "I'm sorry, young man, I have no intention of selling the old dog directly."
Sohu asked Teng Xun to invest in Sogou. Although it would increase Teng Xun's shareholding ratio to about 40%, Sohu and its related parties are still Sogou's controlling shareholders, and Teng Xun was introduced because of his interest in the company. Traffic entrance and influence on the domestic Internet.
After experiencing the 3Q war, Xiao Ma learned from the experience and felt that what the red leader said made sense.
So after the 3Q war, Goose Factory began to adjust its strategy. Instead of copying its opponents personally, it would directly invest in the opponent and become its major shareholder if it thought it had potential, and then use its own traffic to support the opponent.
In the search market, Goose Factory itself also launched Tengxun Sosou, but it was half-dead with little improvement, so it thought of merging with Sogou.
Hearing the refusal from the head of Souhu, Chen Yu was not in a hurry and said with a smile: "I believe there is no deal in this world that cannot be reached. If there is, it means that the price has not been negotiated. Mr. Zhang might as well make an offer. If the price is acceptable to me, I will purchase it entirely in cash.”
Fully cash acquisition?
Hearing this, Mr. Zhang was secretly shocked. His tone was richer than that of Goose Factory.
If most people say this, Mr. Zhang will just give him a blank look and drive him away, but behind Quantitative Capital is Qunxing Capital, which may not have the financial strength.
However, it is true that Mr. Zhang really does not want to package up and sell Sogou. This is equivalent to Sogou giving up the search market and directly exiting. Sogou is now one of the top three search engines in the domestic market share.
He thought about how to refuse.
After a while, Mr. Zhang thought of simply giving the other party a price to persuade him to withdraw, so he said: "If you want to buy Sougou, then buy it with 3 billion US dollars in all cash, and complete the payment within the next month. If you can accept it, My conditions..."
Mr. Zhang paused for a moment, then looked at Chen Yu: "...I will sell it."
As soon as he finished speaking, Chen Yu replied without any hesitation: "Okay, deal is done."
Mr. Zhang nodded and said subconsciously: "Hmm, eh? What did you say?"
Chen Yu smiled and repeated: "Mr. Zhang, I accept your conditions."
Ah this...?
Even Mr. Zhang, a generation-level Internet boss, was stunned for a moment!
He specifically made an offer of US$3 billion, which was equivalent to a 150% premium based on the current overall valuation. The purpose was to make the other party give up in spite of the difficulties, and quoted such a price in a persuasive way.
As a result, the other party didn't even blink, or even make a counter-offer, and just agreed in one fell swoop?
…
(End of chapter)
