Reinventing the Millennium.

Chapter 300 The Golden Age (Two in One)

The meeting between Sina's board of directors and Fang Zhuo broke up unhappy.

Soon, a big piece of news came out.

Fang Zhuo's MIGA Fund will exercise shareholder rights and apply for the dissolution of Sina Corporation.

Originally, the media reporters got the news of the postponement of the extraordinary shareholder meeting, and knew that a leader had intervened to facilitate the negotiations between the two parties. They thought that the battle for control of Sina was going to ease, but they didn't expect the situation to change suddenly.

From the right to know about the company's major events, to requesting the dissolution of the company's board of directors, to directly requesting the dissolution of the company!

Fang Zhuo's demands on Sina have been upgraded layer by layer, and they have reached the peak of toughness.

—— "Does Fang Zhuo really dare to disband Sina?"

Since the news leaked out, discussions have started on the Internet. Some people think it's intimidation, while others think it's an intensification of the situation.

It's as if no one would have thought that Fang Zhuo would suddenly fight for control of Sina, and now it's just the second "unexpected".

At the same time, some news also began to popularize the different rights of different proportions of company shareholders. Shareholders like Fang Zhuo can either submit a proposal to dissolve the company through the shareholders meeting, or apply to the court forcibly through judicial means.

Because Fang Zhuo met the conditions of "holding more than 10% of the shares", "difficult to solve through other means", "the company's survival will damage the shareholders' rights and interests", and "the company's operation and management have serious difficulties".

Of course, many of these conditions are debatable in practice.

What is serious difficulty in the operation and management of the company?

Directors have long-term conflicts that cannot be resolved through the shareholders' meeting, which means serious difficulties in operation and management.

What does the existence of a company impair the interests of shareholders?
The shares held in the hand have been devalued due to major events of the company. Is this considered damage...

Judicial procedures should be handled on a case-by-case basis, but in any case, the release of this news directly caused the stock price, which had risen because MIGA Fund absorbed Sina shares, to drop immediately.

Does Fang Zhuo dare to disband Sina?

He even slapped the table in front of the leader, not to mention whether he dared or not, at least he was a bit sloppy.

Since Fang Zhuo left Sina on the 23rd, the board of directors held a three-hour meeting to discuss countermeasures.

At this meeting, the directors who had been quite indignant had some disagreements. Mao Daolin, who was named and attacked by Fang Zhuo today, actually persuaded Duan Yongji to maintain communication with Fang Zhuo and stabilize Sina's situation.

Wang Yan believes that Mao Daolin, who was born in a venture capital investment, was a little intimidated by Fang Zhuo.

He never believed that Fang Zhuo would really submit a request to disband Sina.

At ten o'clock in the evening, Wang Yan returned home early today, took out his mobile phone and waited for a call.

In the first two days, Fang Zhuo called, but he didn't answer. On the third day today, Wang Yan felt that this guy would still call. Considering the changes in the situation, he felt the need to listen to the other party's thoughts.

At a quarter past ten, the phone rang.

Wang Yan was a little nervous when he pressed the phone.

"Hello, Mr. Wang." Fang Zhuo got through the phone and asked the first question, "Have you eaten yet?"

Wang Yan felt it was amused that the other party actually came to such a classical greeting after doing so, and he replied steadily: "Eat, how about you?"

"I ate it too." Fang Zhuo replied, and asked, "How does the old Duan plan to deal with me?"

Wang Yan was surprised: "Do you think I will tell you?"

Fang Zhuo was not surprised, and asked, "You don't want to leave me an empty shell, do you, old Duan?"

Wang Yan didn't answer.

Fang Zhuo said to himself: "If you don't speak, it's a tacit consent. Hey, the old paragraph is bad."

Wang Yan couldn't help it: "Where are you?"

"I can lead Sina to profit." Fang Zhuo said.

Wang Yan stopped talking again. In many cases, compared to Duan Yongji, he has a gentlemanly style. Regarding the future development of Sina, he already has different ideas in his heart, and now he vaguely senses Fang Zhuo's intentions.

"You released the news of Sina's disbandment, right? Are you really going to disband?" Wang Yan imitated the other party's shamelessness and asked the core operation directly.

"I released it." Fang Zhuo paused and lied, "It really will."

Wang Yan was confused: "Why? Why bother?"

Many times, when others ask, they don't want to hear the real answer, but want to hear an answer that can convince themselves logically.

Fang Zhuo has a deep understanding of this point.

He said with a smile: "From an emotional point of view, I didn't establish Sina. If it is dissolved, it will be dissolved. From an economic point of view, Sina's last quarter's financial report still has more than 1000 million US dollars. If it really goes to dissolution, how much can I lose? "

Sina's market value is only 5000 million yuan, and the cash on the book is more than 1000 million yuan, which is a typical value upside down.

However, under the rolling wave of the Internet bubble, Internet companies are naturally bleeding in the stock market, and Sina is a Chinese company. It, NetEase and Sohu are all undervalued US stocks.

Wang Yan sighed, feeling that Sina was stunned to meet someone who would die.

"Of course, that's the worst-case scenario." Fang Zhuo began to show sincerity, "My heart is to make Sina more successful, which I think neither Mao Daolin nor Jiang Fengnian can do."

"I think Sina needs change, needs me, and also needs people like you who are keen on Internet development to promote development."

"However, how can Sina, with dispersed ownership, reform itself?"

"It cannot be changed, so I will give it a boost as an external force."

Fang Zhuo said with great sincerity: "I realized one thing after registering on the website. Enterprises want to make money, and enterprises must make money. I can make Sina make money, and I can make shareholders' shares increase in value. Why can't I invest in it?" Where is the main Sina?"

Wang Yan thought for two seconds, and said half ironically: "Mr. Fang is really confident. Where did you get this confidence?"

"Soon, you will know where my confidence comes from." Fang Zhuo made a fool of himself.

Wang Yan was silent for a full minute.

The phone didn't hang up.

He still opened his mouth to express his judgment: "I feel that Mao Daolin believes your intimidation a little bit."

Fang Zhuo directly calculated with the Sina CEO on the phone: "Wu Zheng was originally one that Duan Yongji wanted to give up, and Mao Daolin is also responsible for the cooperation of Sunshine Culture."

Wang Yan interrupted: "Responsibility does not mean being given up."

"The capital didn't believe that Wang Zhidong could bring better performance, so he was abandoned. Now if there is a better candidate in front of him, Mao Daolin will also be abandoned." Fang Zhuo said.

Wang Yan was very puzzled, why Fang Zhuo is so confident, what is the standard of good or bad?How can there be such a convincing comparison now?

"Chairman Jiang Fengnian, he represents Taiwanese capital, so it's not bad to be the chairman of Sina with such a background..." Fang Zhuo said directly, "For an investment company, a reasonable price is not He was rejected, and he is not Duan Yongji's real brother, so why should he carry it?"

It is always more difficult to destroy than to build, especially if the interests are not shared.

Except for Feng Bing and Davis, there are only seven people in the board of directors, so that's three names.

"Mr. Wang, destroying Sina is not good for me. Can I make it worse by coming to Sina?" Fang Zhuo said, "I agree with Mr. Wang's judgment on the Internet. I believe that Sina can shine in our hands."

"President Fang." Wang Yan wanted to say something, but didn't say it.

"You can look at it tomorrow, Mr. Wang, don't worry." That's all Fang Zhuo said, "I'm patient with Sina."

call ended.

Wang Yan sat on the sofa and looked at the phone. In fact, Fang Zhuo's attitude would affect their next actions if the board of directors knew about it.

But will the board of directors know?

Wang Yan put away the phone.

The board won't know.

A moment later, Wang Yan turned on his computer, and saw the third criticism of the chief writer Xu Changlun in the browser Sina.

Perhaps the chief writer saw the interview report of CCTV's official media, and it was also because the chief writer took into account the acquaintance of the leader and Fang Zhuo.

Today's headline is much milder:

"The discussion between Sina's board of directors and major shareholder Fang Zhuo broke up badly!"

……

On June 6, when Fang Zhuo released the news of Sina's disbandment and was even more criticized by the business community, a news report from Shanghai quickly attracted attention.

——"It is reported that Yike Technology, which is widely welcomed by consumers at home and abroad, is negotiating with Apple, a listed company in the United States."

——"This is not the first acquisition negotiation since the establishment of Shencheng Yike. According to insiders, Yike, which has completed the A round of financing, has received a $5000 million acquisition offer from Sony."

——"It's just that Yike rejected Sony's acquisition."

——"Now, Yike, which has flourished in the markets of the two countries, is once again interested in being acquired by Apple, and the negotiated price is as high as 2 million U.S. dollars."

——"It is worth mentioning that Fang Zhuo, the president of Yike, is participating in the acquisition of Sina. Sina's current market value is 5060 million US dollars, which is only 1/4 of Yike's valuation."

——"It took less than two years for the project to start from the CCTV entrepreneurial platform, and Yike's products have sold well all over the world. It is not clear Fang Zhuo's attitude towards Apple's acquisition. Maybe he is waiting for a better price."

The acquisition price negotiated by Yike is 2 million US dollars?
One Yike = four Sina?

Is the president of Yike using the entrepreneurial spirit preached in his program to practice and achieve success?
Fang Zhuo is a business genius?

Isn't it a joke that business odds came to Sina to guide the work?

All of a sudden, news about the parties concerned, which had attracted much attention because of the dispute over the control of Sina, was widely reported, especially in newspapers in the Shanghai area.

Many people questioned the authenticity of this news.

However, another piece of news made people gradually believe in Apple's purchase price.

For a long time, many people have doubts about the source of funds for Fang Zhuo's acquisition of Sina. Now a reporter finally came to Fang Zhuo and heard his answer.

"Eco's equity is very valuable, and it doesn't cost much to acquire Sina."

"I took Yike's equity to Bank of America, and they were happy to lend me the money. I picked the most favorable bank, and I would have money."

Fang Zhuo is now considered a public figure.

How can a public figure lie on camera?
The two pieces of news confirmed each other. Yike, which is full of J1s in the city, suddenly showed an astonishing corporate value. The most important thing is that it is still growing, and it seems that it is not in a hurry to sell.

2 million US dollars, more than 16 billion Huaxia coins.

This is enough to be on this year's Forbes Mainland Rich List!

The 100th richest person on last year's list is $6100 million in assets!

Assets of $2 million ranked 26th last year!
This ranking is one year older than Fang Zhuo's age!
On June 6, Fang Zhuo, who had postponed the extraordinary shareholders meeting for two days, brought people to Sina headquarters again with the help of the leader.

However, this time, he was surrounded by reporters and did not shirk the interview.

"What? I thought you were going to ask me about Sina's news. Oh, we are negotiating an acquisition with Apple. The price is about the same."

"But we don't just want to take cash, we are striving to maintain the independent brand operation of Yike Technology, which is very important."

Fang Zhuo responded to a question about Apple's acquisition of Yike.

A reporter asked again: "Mr. Fang, do you know that your 2 million assets can rank 26th on the rich list?"

"There is no 2 million, where did 2 million come from? Even if the signing is finalized, I only hold 40% of Yike's shares, which is only 8000 million US dollars." Is it out of the list?"

The reporter replied: "It can be more than 70!"

Fang Zhuo shrugged: "It's okay."

He made a gesture to go into the building: "Is there any problem? I'm going to talk to Sina."

The reporter who had been squatting for several days finally asked the real question: "Mr. Fang, what did you rely on to lead Sina to profit in the interview?"

"The profitability of Internet companies has always been a pain point." Fang Zhuo commented, "Sina, Netease, and Sohu are all listed companies in the United States, but they have not made much breakthrough in profitability."

"On the contrary, Tencent has done a good job in this area. Now, Tencent has also started to develop portal websites."

"If Sina continues to hold the old ideas, it will soon be surpassed by companies that keep up with the times."

"Do you think it's late?"

"It took less than two years for Yike to achieve a valuation of 2 million US dollars, and it took less than a year for Tengxu to grasp the key business and start counting money. The development of the Internet never waits for others."

Fang Zhuo declared: "This is the golden age of the Internet, and I am here to save Sina, not ruin it."

Believe it or not, the words of the quasi-rich Forbes murdered many camera films, and the picture of President Yi Ke standing downstairs in the Sina headquarters was quickly spread on the Internet.

In this era, rankings such as the 100 richest people and the top 500 companies can always inspire people's longing and recognition. Even though the rich list is often equivalent to the "prisoner list" and "pig killing list", it still has the magic power of obsession.

Fang Zhuo walked into the Sina headquarters with a different gaze than the previous two days.

Today is still not an interim shareholders meeting, but a second meeting between the board of directors and Fang Zhuo.

Just last night, Fang Zhuo disclosed a news to Duan Yongji through Wang Yan. He received a takeover offer from a director who was willing to sell the shares he held, but asked for twice the price.

Duan Yongji didn't sleep all night.

Also this morning, he took the initiative to call Fang Zhuo.

Fang Zhuo kept it a secret, but not completely. The director's surname was Wu.

The fortress was breached from the inside, and the will to forcibly knead together finally collapsed under the pressure.

Fang Zhuo pushed open the door of the conference room, and asked casually before sitting down:
"A daily question, is Sina profitable today?"

"Hahaha." The hearty laughter came from Duan Yongji, the co-chairman of the board of directors. He shook hands with Fang Zhuo in the eyes of everyone who was surprised or pretended to be surprised. "Welcome Mr. Fang to visit Sina and guide the work."

Fang Zhuo shook Duan Yongji's hand vigorously: "President Duan, you don't know each other if you don't fight, and you don't know each other if you don't fight."

Duan Yongji smiled and said, "I don't want to get acquainted with Mr. Fang."

"I've wanted to get acquainted with Mr. Duan for a long time." Fang Zhuo said with a smile.

The high-end business negotiations finally struggled to get rid of each other's personal attacks and became personable again.

But it also means someone has suffered a shameful betrayal.

Fang Zhuo sat in his seat leisurely, knowing that among the seven directors opposite were not only betrayals, but also anti-betrayals.

(End of this chapter)