Top of the Great Era

Zhang Chaoyang would not be polite to him, staring at him, "You must be defensive!"

Zhou Buqi said angrily: "Do you understand, you? Ziweixing's game business department was carefully crafted by me. If you hadn't given up the position of chairman of Changyou, I wouldn't have sold it if you wanted to buy it." Woolen cloth!"

Zhang Chaoyang was very vigilant, "Do you really want to buy it?"

"You must buy it." Zhou Buqi's attitude was very firm. "I won't talk about the strategy and business aspects, and you won't understand. Just talk about the market aspect. The board of directors and management have been reorganized, and some new measures will always be introduced. To boost the confidence of the capital market. The new official has three fires to take office! The first thing is to promote the merger of the game business group of Changyou and Ziweixing International!"

"Um……"

"Why did EA buy the friend's studio? Isn't it just to win the recognition of the market? Zhang, you can't do it like this!"

"You are a clever man."

"It has nothing to do with whether I'm smart or not." Zhou Buqi shook his head, "Ziweixing's game division has too many high-quality assets, and the friend studio is the junk asset I despise the most, so it's fine to sell it to EA. The rest of the core assets, of course, are merged into Changyou. Don’t fail to see my good intentions, but bite Lu Dongbin instead.”

Zhang Chaoyang almost died of anger, "Are you talking like a human?"

Zhou Buqi laughed, "It's just a metaphor."

Zhang Chaoyang snorted, "It's okay for you to deceive outsiders, but don't try to deceive me. Changyou's IPO raised 26 billion U.S. dollars. How dare you say you didn't follow?"

Zhou Buqi coughed twice, "A deal, it's impossible for me to give the game division to Changyou for free, right? This is not in compliance with the company law, and I can't do anything that harms the rights and interests of small shareholders."

"At the end of the day, I still focus on the cash in Changyou's account."

Zhang Chaoyang is too familiar with this kid, he has already seen him through.

When they were in New York, the two had a lot of exchanges in this regard.

Ziweixing International is not listed. If the market environment is thriving, it will be fine. Even if it is not listed, there is still a lot of room for financing in the market.

But now the global financial environment is getting worse and worse, and the European debt crisis feels a bit uncontrollable. At this time, for a large company with rapid business expansion like Ziweixing International, it may encounter a cash flow crisis.

In the past few years, too many excellent companies have closed down due to cash flow problems.

For Ziweixing International, this is the biggest risk.

Selling the game business department at a high price can bring back a wave of blood, thereby avoiding the operational risk of cash flow difficulties.

Zhou Buqi said angrily: "How much money is there in Changyou's account? No matter how short Ziwei Star International is on money, is it better than Changyou's money? This transaction must be done in the form of mergers and acquisitions. Do you want cash?" You can't afford it even if you trade!"

"Ah?" Zhang Chaoyang was stunned for a moment, very surprised, "Can't you afford it with 26 billion dollars?"

Zhou Buqi was amused at once, "Old Zhang, how many times have I told you that you have to open up your mind and structure. Changyou's ambition is to become the world's largest game company. A mere $26 billion is considered What? You look down on Ziweixing’s game business too much! I won’t tell you, EA’s acquisition of a friend’s studio, the transaction value may reach 20 billion US dollars!”

Zhang Chaoyang twitched the corner of his mouth, "How much do you want?"

Zhou Buqi said indifferently: "This friend studio is just the most inconspicuous and marginalized business of the game division. Even the friend studio is worth so much. How much do you think the core business of the game division is worth?"

Zhang Chaoyang was stunned, "Don't lie to me!"

Zhou Buqi laughed and said, "Who lied to you? I'll send you the materials of the game business department later, so that you can see the effect. The net profit of the whole business department last year was no worse than that of Changyou!"

"How do you make so much money?"

"The sales fee of the original game... "Angry Birds", I don't know? It costs $0.99 per download! There is also "Plants vs. Zombies", the original computer game is $9.9, I saw you were still in the office that time Played there."

"Any more?"

"Yes, "Minecraft"! This game is the core game. In order to buy this game, Ziweixing also spent nearly 10 billion US dollars. Lao Zhang, I said it all, the friend studio is only marginal Business. The real core business is a game that can lead an era.”

"sharp."

Zhang Chaoyang felt a little numb.

Something big is going to happen.

Changyou went to acquire the game division of Ziweixing International, and there might be a sky-high deal!It is definitely not possible to rely on cash to trade, so the only way to do mergers and acquisitions is to use stock replacement.

This is very troublesome.

How many additional shares should be issued for M&A transactions?
Just one piece of "Minecraft", the original purchase price reached 10 billion US dollars, how much is it worth now?What scale will the total assets of the entire game division reach?
The net profit is about the same as that of Changyou, excluding the price-earnings ratio difference, it can almost be on par with Changyou!

Once merged, Changyou will instantly become a giant in the industry.

Just like the merger between Blizzard and Activision that year, after the merger is completed, the new Activision Blizzard has become the world's largest game giant.

A good thing is a good thing...but Old Zhang is a little worried.

Once the transaction is completed, Changyou will inevitably issue a large amount of shares to Ziweixing International, and Sohu will definitely lose its status as the major shareholder of Changyou.

At that time, Zhou Buqi will not only firmly control Changyou's board of directors and management, but also completely control the shareholders' meeting.

Sohu will completely retreat to the second line, from Changyou's dominant position to a subordinate position.

If this kid didn't have such calculations in his heart, he wouldn't believe it even if he was killed!
This bastard!

Old Zhang was a little angry.

I really don't understand why this kid has so many calculations in his heart at such a young age.And there is one link after another, one set after another, making people dazzled and foggy.

The relationship between the two was very good, and Zhang Chaoyang didn't bother to hide it from him, so he sarcastically said to his face: "Good boy, it's really a wishful thinking, I just found out now, I fell into your big trick!"

Zhou Buqi looked serious, "Don't make trouble!"

"Who made trouble?" Zhang Chaoyang snorted coldly, "Reorganize the management, and the management will listen to you in the future; reorganize the board of directors, and the board of directors will also fall into your hands. Mergers and acquisitions will greatly dilute Sohu's share, and you will be at your mercy at the shareholder meeting. Changyou will completely become your company! Amazing! Really amazing! You are boiling a frog in warm water, wait for me to react I can't run even if I want to."

Zhou Buqi laughed loudly, "Old Zhang, your heart is too dark, right? Why are you playing this kind of conspiracy theory like a commoner?"

Zhang Chaoyang could only sigh with emotion, "I've been fooled! I've been fooled!"

Zhou Buqi said: "You can push it down. Whoever can make Changyou's stock price continue to rise will be in your best interest. Don't follow me. The next core business direction of Changyou is mobile games. The game division of MSI International is a leader in this field. In addition to "Angry Birds" and "Plants vs. Zombies", Baokai Studio also has more than a dozen mobile games that are well received by the market. Baokai is now The largest mobile game studio in the world!"

Zhang Chaoyang seemed to be suffering from Parkinson's, and said expressionlessly: "It's over, it's over, it's too late to regret it now."

Zhou Buqi was angry and funny, "You have been in the entertainment industry for too long, and you have learned to act?"

Only then did Lao Zhang regain his expression, and said with a long sigh: "You have cheated me again. I am too familiar with this kind of transaction, just like you bought Sogou from me back then."

"Can it be the same?" Zhou Buqi confidently said, "At the time Ziweixing bought Sogou, it was a pure cash transaction, a one-time transaction. Sogou was renamed Weidian under my hands and developed. If it didn't develop, Didn’t I suffer a big loss? The merger between Changyou and the game business department is different. This is mainly a merger and acquisition model, a replacement of equity, and a long-term cooperation. A good Changyou is beneficial to both of you and me; No one benefits. This is mutual benefit!"

Zhang Chaoyang leaned back, waved his hands in a gesture of resignation, "Forget it, anyway, you will be the chairman of Changyou's board of directors in the future, and you can do whatever you like!"

Zhou Buqi said with a smile: "If you get a cheap price, you'll still be a good boy!"

Zhang Chaoyang said: "When will the transaction be made?"

Zhou Buqi said: "After September, I will start operations after I take over Changyou. Always find a way to change the market's perception of Changyou, and make efforts in the mobile Internet mobile game market!"