return to bolang life

Chapter 295
At the Four Seasons Hotel in Beijing, Li Xia took out his laptop and initiated an online meeting.

Connect with the team leaders of Bolang Headquarters and the corporate development department who are on business trips in other cities.

After everything was ready, Wen Liang walked to the desk with a teacup in hand.

Wen Liang couldn't help clearing his throat first, and then said: "Let's report the progress, everyone."

Being a boss is always like this, you have to learn to... get phlegm.

nothing else.

This is the easiest way to tell everyone to focus.

"We have conducted a round of consultations with Shanda's team on specific matters, and basically reached a consensus. Shanda has been relatively active in selling Shanda Literature, but there are some specific issues left in Shanda Literature, and we are currently formulating a plan."

"The main point is whether to retain the original management team and the editorial team."

"The development history of Shanda Literature is relatively complicated, which is related to the development process of online literature. The relationship between major brands and Shanda Literature is similar to a cooperative relationship, rather than a standard upper-lower organizational relationship."

The team leader of the enterprise development department who rushed to Shanghai for a business trip explained the progress of the affairs in detail.

There is basically no difference between Bolang and Shanda.

The price of 40 billion has been finalized as early as late October. The reason why it has been delayed until now is mainly because the two parties have a little difference in terms of payment methods and so on.

Bolang intends to settle the payment on a yearly basis, with many batches and a long time period.

Shanda of course hopes that the sooner the better.

However, in the past few days, under Wang Wanyu's mediation and negotiation, the two sides have made concessions and reached an agreement.

At the same time that the affairs including finance and other aspects are completely sorted out and the transfer contract is signed, Bolang pays the first 10 billion payment, and then settles the remaining 2012 billion payment at the end of the first, second and third quarters of 30, interest-free .

Bolang retreated for a quarter, and Shanda accepted this interest-free cash payment method within the delivery cycle.

However, when it comes to Shanda Literature's internal team and other matters, there are some small differences.

Namely: Shanda Literature has some problems left over from history.

Wen Liang paid little attention to this industry in his previous life. He only knew that it was White Goose that acquired Shanda Literature, which was later restructured and listed, with a market value of tens of billions of Hong Kong dollars.

Today, in the planning of the large social entertainment ecosystem of the Internet business, Bolang needs the link of online literature, and the price of 40 billion is more appropriate. This deal is obviously profitable.

Therefore, Wen Liang made an arrangement: "You can consider referring to the opinions of professionals in the company, just that..."

Lixia next to him reacted instantly, and quietly wrote down a name.

Wen Liang continued: "Liu Nian."

"He happened to set up an online platform in his spare time, so he should have some understanding of whether the original management team and editorial team are needed."

The team leader who was in Shencheng quickly responded: "Understood."

Subsequently, the team leader who was connected with PPS video and video reported that the integration of PPS video and video into Orange Video under Bolang has been completed in all aspects, and the integration of the team has also been completed.

There is basically only one thing left: making money.

The process of acquiring PPS Audio-Visual is actually not easy, because after many consultations, a very friendly consensus was reached, almost an overall acquisition.

That is: PPS Audiovisual employees have been acquired, and a large part of the management team has also been retained.

It is different from the time and space that Wen Liang experienced. At that time, Baidu acquired PPS Video and Video for US$13 million in the first half of 3.7, integrated it into iQiyi, and left two main founders as co-presidents.

However, Bolang spent less than [-] million yuan to acquire PPS video, and did not leave these two main founders.

Zhou Hongming, the current general manager of Bolang Xiaocheng, will also serve as the co-CEO of the reorganized Orange Video. In addition, the Bolang Group headquarters has dispatched a team to enter the management of Orange Video.

how to say……

Because the size of Orange Video is very small, the final solution of this merger is that the entire team of Orange Video will go to Shanghai and merge into the original PPS video office area.

Originally, if there was no episode of Shanda Literature's internal problems, this merger and acquisition case would have proceeded in the same way, but it is not certain now.

Then there are investment and mergers and acquisitions related to live broadcast, animation, music, games, etc.

These investments are not large, because there are no existing companies with too large a size, they just acquire teams and integrate them into Bolang's Internet business ecology.

Finally, there is Wang Wanyu's summary: "Every aspect is progressing smoothly, and the financial work is progressing in an orderly manner. It is expected that all integration will be completed within this week. I will fly to Shanghai tomorrow afternoon to meet with Chairman Chen of Shanda to sign a cooperation framework."

simple.

clear and direct.

Wen Liang synthesized relevant information and made arrangements again: "Mr. Wang, there have been many investment and acquisition cases in the Internet business recently. You took the lead in sorting out a preliminary organizational framework."

"Okay." Wang Wanyu responded.

This concludes the online meeting.

Later, Wen Liang looked at Lixia: "You can follow up and report the overall progress of the Internet business ecology at any time, and speed up the development of the basic industry chain relying on Bolang terminals."

Li Xia nodded quickly: "Understood."

…………

…………

Later, Wen Liang went downstairs to greet Zhang Sanshi and Shen Nanpeng who rushed over.

Because it happens that there is a 'tea garden' on the sixth floor of Four Seasons in Beijing, which is suitable for everyone to drink a cup of afternoon tea. There are more than 20 kinds of traditional famous teas here, including the exclusive tea cinnamon tea.

It worked out okay anyway.

Wen Liang is not very familiar with the capital, this ready-made place is just right for him.

On the porch of the hotel, Wen Liang greeted the two of them: "Mr. Zhang, Mr. Shen, good afternoon."

"Mr. Wen is polite." Zhang Sanshi and Shen Nanpeng responded with a smile.

A group of people took the elevator up to the sixth floor.

Li Xia sat at another table with Zhang Sanshi, Shen Nanpeng's assistant and others, and Wen Liang and the others sat at the same table.

Everyone waited patiently for the waiter to make the first round of tea.

Only then did the waiter leave.

Wen Liang smiled straight to the point: "Everyone is their own, so I will not be polite. I intend to promote the formation of two big social circles between Bolang and White Goose, sort out and integrate domestic resources, and plan overseas markets."

"In the past few years, our various industries have not been very ideal in terms of going overseas. Now that we have shifted from the PC to the mobile Internet era, it can be said that the whole world is at a similar starting point. I don't think there is no opportunity for us in China."

"I have also communicated with Mr. Liu before. This is a relatively complicated matter. It cannot be explained clearly in a few words. I just want to try to promote it. I wonder if you are interested in this aspect?"

Before Zhang and Shen could open their mouths, Wen Liang said, "On the other hand, I also hope to promote Bolang Xiaocheng's listing on the A-share market after the successful listing of the new Weibo in the US."

Neither Shen Nanpeng nor Zhang Sanshi spoke immediately.

Wen Liang put forward two big plans at once.

One is to integrate and form a large social circle. Of course, they have heard about this matter, or it should be said that they have a clear understanding.

Bo Lang's actions in this regard did not mean to hide from anyone.

Acquisition of PPS audio-visual, Shanda Literature, acquisition of small companies in animation, music, etc. are all on the bright side.

He even contributed to the reorganization of the new Weibo, and obviously has a plan to serve the social circle.

The second is to promote the listing of Bolang Xiaocheng in China.

This subsidiary, which seems to have been divested of many businesses, has gradually stabilized its revenue and is expected to reach an average monthly revenue of 10 billion yuan next year.

In the past three quarters, the monthly average was RMB 8 million.

Zhang Sanshi and Shen Nanpeng have good data in this regard, and they are also shareholders of Bolang Xiaocheng.

Based on the current A-share Shanghai and Shenzhen composite average price-earnings ratio (PE) of 15 times, the current market valuation of Bolang Xiaocheng can be roughly between 800 billion and 1000 billion.

With a revenue of 120 billion a year, a profit of roughly 60 billion to 70 billion, and then × 15, there is nothing wrong with it.

According to the current plan, the new Weibo will be listed around the middle of next year, and then promote the listing of Bolang Xiaocheng, which is also fine.

After drinking two sips of tea and sorting out his thoughts, Zhang Sanshi took the lead and said, "There is no problem in promoting the listing of Bolang Xiaocheng on the A-share market. We, Hillhouse, can contribute in this regard. I don't know when Mr. Wen plans to open the B round of financing."

Shen Nanpeng answered from the side: "What is the estimated psychological price? How many shares will be released?"

Wen Liang had been prepared for a long time and answered directly: "My plan is to start the B round of financing after Xinweibo officially submits the IPO prospectus to the SEC. This time I will release 15 billion shares. In order to thank everyone for your support for Bolang Xiaocheng's A round financing, B There is no stock split."

"We made a simple calculation internally and believed that the pre-investment valuation of 680 billion is a reasonable price."

There was a slight smile on Zhang Sanshi's face: "Mr. Wen, your abacus is really smooth, we have to think about it."

"Yes, we have to think about it carefully." Shen Nanpeng immediately followed up and said with a smile.

Wen Liang also laughed.

The B-round financing of Bolang Xiaocheng has basically been finalized. Although the non-split shares will not dilute the shareholding ratio of the A-round shareholders, it is basically a top valuation.

You can't just look at the pre-investment valuation, you have to look at it comprehensively, because the post-investment valuation is 800 billion!
That is, this round of Bolang Xiaocheng will raise 120 billion cash!
According to the usual practice, Bolang Group will also take 120% of the 75 billion miles, which is 90 billion!
Bolang Xiaocheng has a total share capital of 100 billion shares. After the A round of financing, the valuation is 300 billion, and the price per share is 3 yuan. According to the current post-investment valuation of the B round, which is basically finalized, it is 8 yuan per share, that is, in the hands of the A round shareholders. The value of the shares has reached 80 billion, easily reaping a profit of 50 billion.

However, shareholders in the A round are not allowed to withdraw from the B round.

Now that it is going to go public again, it is estimated that no shareholder will want to withdraw.

Later, Zhang Sanshi turned around and brought up the matter of the big social circle: "In fact, everyone wants to go to sea, but it is not easy, but I am a little interested in the integration of resources. I wonder what Mr. Wen wants me to do?"

Wen Liang replied simply: "Mr. Liu is more hesitant to set up a bridge, and doesn't really want to reduce the current burden of the white goose."

Hearing this, Shen Nanpeng's heart moved: "Did Mr. Wen persuade Mr. Liu to give up the e-commerce business of White Goose?"

Wen Liang just nodded and didn't say much.

Zhang Sanshi took a sip of tea and sighed slightly: "I didn't expect that we all had the same opinion. White Goose's e-commerce business can be regarded as superfluous. It doesn't have much value. It doesn't make much sense if it doesn't go up or down."

Wen Liang sighed and said: "I also regret developing the e-commerce business, and the development of the mobile phone business is also related to this. Let's be an online shopping mall carrier that mainly deals in mobile phones, and catch the ducks on the shelves."

Shen Nanpeng was amused when he heard it: "This can be called reincarnation."

He sighed again: "Boss Wen's eyes are so precise that he is almost a monster."

What he laments is that Wen Liang can clearly distinguish the value from high to low, has the ability to quickly correct mistakes, and dares to let go and open cooperation.

Compared with the white goose who insists on not relaxing in some unnecessary businesses, Bolang is more like a mature enterprise.

Although, this is not Wen Liang's criterion for judging, because he does not want to mess around in the application layer, but wants to sink the foundation.

All in all, everyone enjoyed this afternoon tea very much.

Zhang Sanshi and Shen Nanpeng each expressed their opinions. They were very optimistic about Wen Liang's plan, at least partly.

Because the matter of integration already contains great benefits.

In fact, Wen Liang is using his method to train the domestic Internet industry, changing a lot of things while talking and laughing.
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(End of this chapter)