Top of the Great Era

Chapter 2303 Hidden Distribution Rights
"so much?"

Zhou Buqi was really surprised.

This data is much better than he imagined.

Changyou can buy 80%-85% of the shares, and most of the future income can belong to Changyou.Especially with 50% of the voting rights, this is even more rare.

Once the other party's entrepreneurial team has strong cohesion and unified voting rights, they can get 50% of the voting rights.When there is a difference of opinion, they, as the management party, can have priority, and their opinions should prevail.

But if there is a disagreement within the entrepreneurial team, the voting rights in their hands cannot be unified. At this time, Changyou needs to stand up and make a final decision.

In this way, Changyou will not lose its interests due to too few voting rights, and this hidden danger will disappear.

Many countries and regions do not allow the existence of different rights for the same share.

One very important reason is that it is easy for the "right to distribute" to damage the "right to own".

That is, the inequality of sharing the cake.

Just like many state-owned enterprises in Europe and the United States, they have carried out reforms one after another and transformed into private enterprises. In fact, the distribution of interests and power is not well handled.

For example, British Petroleum is one of the few existing British state-owned enterprises.

On the surface, the wealth created by British Petroleum should belong to all citizens.Even if the price of oil rises, it will be left-handed and right-handed for all citizens, and the money they make belongs to themselves, so all British citizens can welcome the rise in oil prices.

But this is just an illusion.

All citizens have only nominal ownership of British Petroleum, but no right to distribute real benefits.

British Petroleum has made money, and first distributes the benefits to individual small circles, and distributes all the cakes.If there is any left over, it will be redistributed to all citizens and handed over to the British government in the form of profits; Apply for a grant.

After all, BP belongs to all British citizens, and the British government subsidizes BP, which is equivalent to subsidizing all citizens.Sometimes a profit of 100 billion pounds was handed over, and the data is very beautiful, but they applied for a subsidy of 200 billion pounds that year, which actually resulted in a net loss of 100 billion pounds.

This made many British nationals very dissatisfied.

A state-owned enterprise such as BP is not an asset belonging to British nationals. It is clearly a debt placed on the head of every British national, and it depends on everyone paying extra taxes to support it.

For every dutiful common man, the less debt the merrier, this has led to fewer and fewer state-owned enterprises in the UK, decreasing year by year.The Conservative Party is very popular in the UK and is the largest party in parliament. The important reason is that they are always able to attack state-owned enterprises decisively.

Ziweixing International has dealt with Lufthansa in Germany before.

This is a German company.

As one of the top aviation giants in Europe, it is no different to apply for financial subsidies from the German authorities.

The reason why the new concept of mergers and acquisitions proposed by Don Mattrick is not popular in the global mergers and acquisitions market is that there is a similar imbalance between ownership rights and distribution rights, and there is a large hidden dangers.

Fortunately, the plan he gave was satisfactory.

Changyou can own 80% of the shares of Supercell Studio, and can also retain 50% of the voting rights.

In other words, Changyou owns 80% of the Supercell studio and distributes 50%.

50% is enough!

It is enough to ensure that their own interests are not damaged.

If the company develops well and is thriving, then you can respect Supercell's entrepreneurial team and listen to them.

However, if the company does not develop well, there will definitely be internal disagreements, or there will be serious unfairness in the distribution of benefits, then as long as there is one vote on Changyou's side in the entrepreneurial team, Changyou can urgently convene a board of directors to rectify the chaos up.

The design of 50% to 50% voting rights can make both parties cautious and cautious, and dare not take a step beyond the threshold.Once the line is crossed, it is possible to lose everything.

Mattrick said with a smile: "This is also the compromise we made. Supercell is just a start-up company with more than [-] employees. Mortgage the car and the house.”

Zhou Buqi nodded, "Venture capital institutions are generally not optimistic about the Nordic IT industry."

Mattrick said: "Yes, the probability of IT start-up companies here getting venture capital is too low. The difficulty of survival is far less than that of China and the United States, and it is probably similar to that of Japan. This highly stable society is not sensitive to risks. Very repulsive."

"I hate risks..." Zhou Buqi laughed, "This is the best entry point."

Mattrick said: "Yes, the entrepreneurial team has mortgaged the real estate. This risk is too great, and no one is willing to take it. If we are willing, even if it is a 100% wholly-owned acquisition, I estimate that after one or two months of negotiation, they I will definitely compromise and accept such a plan. But I think that the entrepreneurial team should still be given the right to speak, so as not to cause a lack of creativity.”

Zhou Buqi said: "The contract can also be signed more easily."

"Yes." Mattrick did not hide his thoughts, and was very frank, "This can reduce the workload of our team. A case that can be negotiated in two months may be finalized in a week."

Zhang Chaoyang added: "I think it's okay, time is efficiency."

Mattrick said: "The era of smartphones has come. I have at least 200 materials related to mobile game startups on my desk. Many of them have good development potential. I will go to Uruguay next, Bought another tower defense game called "Kingdom Rush". If it is a 100% wholly-owned acquisition every time, it will be a waste of time and seriously hinder the team's work efficiency."

If it is 100% to acquire those game studios, it will be more difficult, requiring repeated consultations, as well as discussions, hesitation and thinking within the entrepreneurial team, which may take 2 months.

However, if it is only to acquire a majority stake and give up half of the voting rights, the difficulty of this negotiation will be greatly reduced, and the entrepreneurial team will easily accept such a plan.

In 2 months, maybe 5-8 such cases can be settled!

In this way, the coverage of Changyou can be even greater.

Under the strategy of casting a wide net, the bigger the net, the more fish will be caught.

This is a big deal.

Such a strategic change must be made by Changyou's board of directors.

it's fine.

Both the big boss and the second boss are here, and they are enough to represent the board of directors.

Zhou Buqi looked at Lao Zhang, "I think this idea works!"

Zhang Chaoyang said: "Well, okay!"

"Then don't hesitate," Zhou Buqi made a decision immediately, "Then it's decided! Just follow your idea. For some mobile games and mobile game studios that have internal competition, acquisitions can be adopted. The way to do it is to transfer the majority of the shares and transfer half of the voting rights. Changyou’s acquisition of Finland’s Supercell this time will be an exemplary case! We will use this transaction as a demonstration model in the future!”

"Demonstration template..." Zhang Chaoyang was a little worried, "If it's a template, it'd better be a successful case."

It would be a joke if the company Supercell failed.

A merger and acquisition transaction that was set up by Changyou as a model, turned into a chicken feather in the end, and there was no penny left after the loss. How can this have a demonstration effect?
Zhou Buqi waved his hand, very generously, "It's okay! That's it!"

This needs no explanation.

Although he doesn't play games much, he has heard a lot about several famous mobile games.Such as "Angry Birds", "Talking Cat", such as "Glory of the King", "Peace Elite", such as "Original God", "Pokémon", and of course this "Clash of Clans" developed by Supercell .

This model can definitely stand up!
Not only a model of trading, but also a model of performance.

Zhou Buqi went on to say: "Except for half of the voting rights not to be moved, there is no need to have too many restrictions on the majority stake... Too much is not good, and too little is not good. The range of 65%-85%, Well, mostly for startups.”

For start-up companies, the price is low enough.

Buying a game of the caliber of Clash of Clans for less than $1000 million... BIG!

(End of this chapter)