Reborn: Billionaire in College

Cheng Wei and others also knew that this merger was not just a formality.

Now all they have left is to fight for their own interests and get a larger share of equity, even if it means giving themselves a good reputation for a second venture in the future.

Cheng Congwu walked into the meeting room with emotion, his eyes roaming back and forth between the faces of the Didi trio, and he couldn't help feeling refreshed.

I really didn't expect that Didi would be defeated without any bloodshed.

After the two sides finished their greetings and sat down, Li Xi spoke first: "We will use Renren as the main body and spin off AutoNavi, a subsidiary of ours, into the new company. At the same time, Renren's share in the new group must not be less than 55%."

Cheng Wei frowned: "55% is not appropriate. You can leave us 45% of the shares. How will we divide it among so many Didi shareholders? Will the shares of Alibaba and Tencent drop to single digits?"

"Even if it's a single-digit number, it's still much more than their previous investment. What's the problem? Didi's current valuation is 60 billion, which is good, but AutoNavi's valuation was this much 3-4 years ago, especially after the launch of the ride-hailing platform, the valuation has continued to rise. Moreover, Didi still doesn't have its own map. Once AutoNavi enters, the last shortcoming will be filled." After a pause, Li Xi added, "To be honest, I came up with this number after discussing it with your shareholders. Since everyone agrees on this ratio, there's really no need for Mr. Cheng to hold on to it."

After hearing this, Cheng Wei looked as if it was harder than eating shit.

How the hell do I lead this team?

I was negotiating in the front and you guys were selling everything to me in the back. It was sold very quickly and the price was agreed upon.

I'm not even negotiating.

It turns out that he doesn't know the price yet.

Originally, Cheng Wei wanted to bargain, but now he has no desire to talk anymore.

But I was extremely unwilling.

Liu Qing and Wang Gang looked at each other with extreme frustration.

I have never had such a ridiculous negotiation in my life.

"I..." Cheng Wei opened his mouth, and just when he was about to speak, his cell phone rang.

He glanced at the caller ID and then showed a strange expression: "Sorry, I have to answer the phone."

After Cheng Wei went out to answer the phone, the remaining few people tried to avoid a dull atmosphere.

As a veteran, Shen Nanpeng is very good at dealing with people.

He first chatted with Bao Fan for a few words, and then asked about Mr. Liu Qingliu's health.

After a while, Cheng Wei came in again.

But then, everyone was a little surprised.

How come after going out, his facial expression changed completely after coming back? He was unusually excited and eager to try, completely unlike his previous listless look.

As soon as he sat down, Cheng Wei couldn't wait to say, "Sorry, this negotiation may have to end early. Some shareholders in our company have objections to this merger and request a reconsideration."

As soon as these words came out, everyone in the audience was confused.

Liu Qing and Wang Gang looked at each other and didn't say anything.

Li Xi was immediately puzzled: "The resolution made by your shareholders' meeting has already taken legal effect. Are you treating it as a joke?"

In response, Cheng Wei helplessly spread his hands, but still couldn't hide his inner joy: "I'm really sorry, but the negotiations will definitely not go on now."

Shen Nanpeng suddenly became unhappy. He came here just to make money, so what did this mean now?
"Can you tell me more about it? After all, I am also a shareholder of Didi."

"In that case, I won't hide it from Mr. Shen. The call was from SoftBank. They think the merger of the two companies may involve monopoly, violate the Anti-Monopoly Law, and may even be opposed by the Ministry of Commerce."

The people present showed ridiculous expressions: "SoftBank also attended your shareholders' meeting, why are you playing the game of being the only one sober while everyone else is drunk?"

Cheng Wei was ruthless in selling SoftBank. Anyway, he was not deeply involved with SoftBank. Although he didn't know why SoftBank did this, he hoped that the SoftBank incident would get bigger and bigger.

“Yes, SoftBank did vote in favor at the shareholders’ meeting. They cannot oppose the resolution of the shareholders’ meeting. If they want to overturn it, they need to sue in court. But now they have expressed their concerns and only suggested postponing the negotiations. They suggest that our Didi board of directors and you go back and study the legal provisions carefully to see if there is any violation of the Anti-Monopoly Law.”

It was such a high-sounding statement, but it left Shen Nanpeng speechless.

Li Xi frowned and said, "Isn't this too frivolous? Since both of us can sit down together, we must have consulted the legal team. Our company's legal department has also reviewed it and has not heard of any risks."

Cheng Wei took a deep breath and said, "It has nothing to do with your company. The problem lies with us. After we established a new company with Kuaidi, we have not yet reported it to the relevant departments as required."

"According to my country's Anti-Monopoly Law, corporate mergers are considered concentrations of operators under the Anti-Monopoly Law. If the combined turnover of all operators involved in the concentration in the previous fiscal year exceeds RMB 20 billion in China, and at least two of the operators have turnover in the previous fiscal year in China that exceeds RMB 4 million, then they should be reported to the Anti-Monopoly Bureau of the Ministry of Commerce."

At this point, Cheng Wei spread his hands and said, "Whether it's Kuaidi or Didi, the company's driver account flows far exceed this standard, so..."

Li Xi reacted quickly and found the loophole immediately: "The account flow of your company is the taxi fares collected on behalf of the drivers. The taxi fares are the operating income of the taxi drivers and the taxi companies, not the operating income of the taxi software, so this explanation is wrong."

Cheng Wei nodded: "There is a second point. SoftBank is worried that our two companies will have a market share of more than 90% after the merger, which in fact constitutes an industry oligopoly. If our competitors make a fuss at that time, it will lead to an investigation by the Ministry of Commerce and a ban on the merger. So they hope that our board of directors will give more consideration." At this point, Li Xicheng, Cong Wu and Shen Nanpeng looked at each other and figured out that someone on the other side was going to turn against them.

However, it cannot oppose the unanimous resolution of Didi’s shareholders’ meeting and can only resort to legal means to stop it.

Shen Nanpeng also said at this time: "With a market share of more than 90%, it can be inferred that the two companies will have a dominant position in the market after the merger. However, market dominance itself is not illegal. No one is stupid. The Anti-Monopoly Law opposes monopolistic behavior, not monopolistic status."

"Boss Shen, now that the wind has blown, it is better to resolve the dispute first. Otherwise, even if the negotiation is settled, it is possible that those small online car-hailing companies below will take over."

Cheng Congwu's face looked frighteningly ugly.

But I have to admit that the other party is telling the truth.

Companies like Uber and Yidao certainly don't want to see the merger of AutoNavi and Didi, otherwise they will all die.

Who is willing to sit and wait for death?

Well, now it comes to this.

There is indeed no need to continue negotiations.

SoftBank has turned against us and raised legal concerns and a possible investigation by the Ministry of Commerce. Regardless of whether it exists or not, everyone needs to go back and review their internal affairs again.

We also need to investigate the real reason behind SoftBank’s reversal.

Li Xi and Shen Nanpeng both agreed that as a shareholder of Didi, SoftBank would only conduct an internal self-examination in advance if it had lost its mind.

For this kind of thing, even if it faces supervision, it should be merged first. Even if it faces supervision, it will be a matter for later.

With two giants and so many powerful shareholders, there is always a way to resolve the problem.

No one would self-destruct.

This self-exposure happened to be caught by Cheng Wei, who started to make a big fuss about it.

…………

When he received the news, Chen Pingjiang was in the hospital, enjoying a warm moment with his family.

"Mr. Ge is recovering well and will be discharged from the hospital tomorrow."

"Thank you, Director Zhou." Chen Pingjiang thanked with a smile and gave Dai Sheng a look.

Dai Sheng quickly caught up with Director Zhou who was about to go out and started chatting with him.

The second child was born, a boy. Ge Bingyi was so excited that he stayed in the hospital for a whole night. He wanted to run to see his eldest grandson at every turn. If he hadn't been stopped by the nurse, he would have done it.

Ge Mengshi was a little weak and pale after giving birth. Chen Pingjiang held her smooth white hand and said with a smile: "Congratulations, you finally delivered the baby. From now on, your mission is accomplished."

Ge Mengshi rolled her eyes: "Mission accomplished? It's too early to say. Seeing him asking for it so much, I get anxious. How many years will it take to raise him? Fortunately, there are enough people at home to help me take care of him, otherwise I would definitely collapse and wouldn't be able to go to work."

"Why are you in such a hurry? It was just fun when I was a kid, but I became naughty when I grew up and annoyed you. I still remember how naughty I was when I was a kid. I broke other people's heads, smashed school windows, kicked down school doors, played with fire, sneaked into the water, and I was beaten a lot." As soon as they disagreed, Chen Pingjiang started to blow himself up.

This made Ge Mengshi chuckle, and her laughter touched her wound, and she immediately frowned again. "Mom told me about these things. She said that you were very naughty when you were a child, and she didn't want to raise you at that time."

At this time, Dai Sheng walked in and made an OK gesture.

In order to ensure that they kept their mouths shut, Chen Pingjiang transferred Dai Sheng over to run errands and bribed all the doctors and nurses in the obstetrics department, giving each of them generous red envelopes to ensure that they kept the secret.

Just in case, Dai Sheng took the initiative to ask these people to sign a confidentiality agreement.

These nurses and doctors took the money and didn't care about signing an agreement.

"Xiao Dai, I'm really sorry to trouble you this time. I guess it has delayed your work?" Facing Dai Sheng, Ge Mengshi still called him Xiao Dai.

After all, the two of them had been in a boss and subordinate relationship from the very beginning. To some extent, Dai Sheng was also the introducer of Chen Pingjiang and Ge Mengshi.

Dai Sheng quickly waved his hand: "Don't be polite, Mr. Ge, this is what I should do."

Dai Sheng was too busy to deal with this kind of thing, so he wouldn't think it was troublesome.

This is a good opportunity that most people don't have the chance to get, which means that the two bosses don't treat him as an outsider.

At this time, Chen Pingjiang's phone rang. After picking up the phone, Chen Pingjiang walked to the window and pressed the answer button.

Three minutes later, Chen Pingjiang nodded calmly and said, "I understand. You guys come back first, and we'll talk in detail later."

After hanging up the phone, Chen Pingjiang behaved very naturally, and Ge Mengshi didn't notice anything wrong. (End of this chapter)