Back To 1995

   Chapter 530 Sugar-coated Cannonballs

Song Yang, Conor and Aaron Swartz came to the backyard of the villa. As soon as they passed, Song Yang saw at a glance that Millia was leading a group of bear children in the villa area. 's garden.

  Since Millia came to San Jose, all the flowers and plants in this villa community have suffered from bad luck, and there has been no happy birthday...

   There is a small swimming pool, chairs, barbecue grills and other things in the backyard. When Gallo had a party, it was held here. Song Yang asked Gallo to take out a few bottles of wine and pushed them in front of Conor.

   "Director Bruno, I'm sorry to disturb you so late!"

Conor kept his posture very low. When facing Song Yang, he took the initiative to put Prosperity Bank on the weaker side. Conor did not know what benefit he would gain by holding on in front of Song Yang. , at this time it is just playing a clear card.

Facing Conor, Song Yang didn't bother and said directly, "Mayor Adrian, he has already told me that Prosperity Bank... seems to have encountered some troubles, and PayPal is willing to help Prosperity. Bank, solve this trouble!"

  It’s cheap and good, Conor complained, if it wasn’t for PayPal and Prosperity Bank to grab food, and Adrian was pulling a sideshow, how could Prosperity Bank get to this point.

   However, after ranting, Conor did not dare to "ask" Song Yang in person, so he had to follow Song Yang's words, "Prosperity Bank has indeed encountered some troubles..."

Hearing what Conor said, Song Yang nodded with a smile on his face, and said to Aaron Swartz, who was sitting beside him, "PayPal is very willing to help partners, what do you think, Aaron? "

  PayPal took the initiative to acquire Prosperity Bank, and Prosperity Bank took the initiative to come to the door and begged PayPal to "bail out" it. There is no difference in essence, but the actual impact is completely different.

   If it is rumored that PayPal killed Prosperity Bank and then acquired the other party, after that, banks in America will be wary of PayPal, causing PayPal to cause a lot of trouble.

To put it another way, Prosperity Bank was in trouble. As a result, PayPal stepped forward, turned the tide, helped the building to collapse, and saved the life of Prosperity Bank. Now, will you have a big change in your impression of PayPal?

This looks like taking off your pants and farting, but sometimes you really can't take one step less, otherwise you will be in big trouble. This time, it was also characterized as Conor, who took the initiative to come to PayPal to save Prosperity Bank Yes, but there's nothing like PayPal forbidding Prosperity Bank, Adrian forcing Conor to sell the bank or something!

   "Of course," Aaron Swartz took a sip of his drink, "PayPal has always been willing to help partners, both partners and users!"

   Hearing this singing and harmony, Song Yang, who was about to call PayPal a great man, Conor laughed dryly.

   "President Conor, PayPal's proposal is to create a controlling stake in Prosperity Bank. To get Prosperity Bank, 51% of the equity!"

  Song Yang directly said that for Prosperity Bank, PayPal must control the other party and get more than half of the other party's equity.

  Conor is not surprised by Song Yang's proposal, but he just wants to fight to the death. If it is acquired, then Prosperity Bank will become PayPal's younger brother. Who wants to be controlled by others?

I feel that the opportunity is not big, but Conor still wants to try it. "Director Bruno, Prosperity Bank, is willing to start a comprehensive cooperation with PayPal, whether it is online or offline business, including bank licenses, but as for the The takeover, the Board of Directors of Prosperity Bank, may have to reconsider…”

   Hearing this, Song Yang couldn't help but smile, he really was playing with the bank, and he learned the essence of it. He ate the sugar coating and returned the shells.

This is Conor, who wants to cooperate with PayPal and get the title of electronic payment concept stock. After relying on PayPal to get through the difficulties, he does not want to sell to PayPal, or he does not want to sell it now. Now it is Prosperity. When the bank is at its least valuable, wait a year or two, and maybe it will be able to sell for a high price.

"President Conor, this is not what PayPal expected. If Prosperity Bank is unwilling to sell to PayPal, then this negotiation will not be necessary. PayPal will issue an announcement tonight to clarify to the outside world. , the news of our cooperation between the two sides."

Without Song Yang speaking, Aaron Swartz began to sing a black face, and directly started a group with a big move, telling Conor, if you want to sell yourself, then continue to talk, if you don't want to talk, PayPal can publish it Announced.

   Hearing this, Conor was not surprised except for some helplessness and bitterness in his heart. He just sighed a little. He never dreamed that Prosperity Bank would one day be reduced to this level...

   As for saying not to sell it?

Now it is up to Prosperity Bank to make the final decision. Wall Street institutions and big investors have all started to buy their stocks. They are waiting for Prosperity Bank to sell to PayPal. can make a fortune.

Believe it or not, Conor took the initiative to do it. Wall Street will probably be able to eat Conor. By then, Prosperity Bank will have to die. Conor estimates that his career Career is over.

The atmosphere of    has been set up here, and the stage has been set up. In this play, Conor has to sing even if he doesn’t sing. He dared to play Wall Street, and it never ended well!

"One and a half billion dollars," Conor started to tell the price after knowing that his dying struggle was useless, "With the current market value of Prosperity Bank, with the current market value of $1.5 billion, Prosperity Bank can Transfer 51% of the equity to PayPal!"

  This price is definitely not the transaction price, but Conor raised the price so that he could bargain.

   "Six hundred million dollars!"

  Song Yang made a direct cut, "President Conor, we all know the status of Prosperity Bank, $600 million is the highest price PayPal can offer!"

  Song Yang didn't mention the words directly, but he actually told Conor that the current Prosperity Bank is worth a billion dollars at most, and PayPal is already a premium.

  If PayPal withdraws from the acquisition, let alone the market value of three billion dollars, according to the stock price and market value before the news is released, Prosperity Bank is about to be delisted!

Conor shook his head, this time he did not give in any more, "Prosperity Bank, now has more than 7.1 billion US dollars in user deposits, 1,894 staff with experience in banking and risk control, and many more Assets such as office buildings, properties, vehicles, etc.

The purchase price of   $1.5 billion is not too high for Prosperity Bank. "

   Even if he sells himself, Conor has to sell Prosperity Bank at a high price, so that he can give an account to the board of directors.

And Prosperity Bank also has some wealth. The headquarters office building, plus other miscellaneous industries and real estate, are worth more than two or three billion dollars, and there is also a lot of cash flow in the account. If he sold his body for 600 million US dollars, it would not be a discounted price, but a fractured price, and he was slashed at the ankle.

   "The debt ratio of Prosperity Bank is also more than half of these industries. If Prosperity Bank cannot be restored after the acquisition, then PayPal will face trouble!"

Aaron Swartz made up for it again. It seems that Prosperity Bank is worth some money, but the money owed is not a lot at all. After buying Prosperity Bank, if you can't let it It becomes profitable, and the money it spends will be wasted, and maybe it will be thrown into the hands.

   At this time, there were some disagreements between the two sides. Conor was willing to let Prosperity Bank sell his body to PayPal, but he did not want to sell it cheaply, otherwise he would not be able to explain it when he went back.

  Aaron Swartz has the mentality of picking up leaks and wants to pick up a big bargain for PayPal. If he spends too much, then he is not willing to do it!

   Seeing that the two sides were going to continue arguing again, Song Yang said at this time, "650 million US dollars, this is the final price!"

   "President Conor, you know that after the acquisition is completed, the amount of acquisition will not actually affect Prosperity Bank that much."

   Song Yang looked at Conor and said, after the acquisition is completed, if the share price of Prosperity Bank rises, the directors of Prosperity may make more money by cashing out the stock.

   "If the acquisition is completed, PayPal can hand over the risk control business to Prosperity Bank, and the other two parties will work together on credit and mortgage business!

  President Conor, after the merger of the two sides is completed, you will still be in charge of Prosperity Bank. In addition, you can serve as the risk control president of PayPal, enter the PayPal board of directors, and receive PayPal equity rewards. "

Hearing Song Yang's proposal, Conor couldn't help but be moved. Whether it's a bank or an electronic payment platform like PayPal, the risk control department is an equally powerful department in the credit and mortgage departments, just like the Bank of Comerica. Kerimaiya, he is in charge of the risk control department, and he is very powerful in Comerica Bank.

Song Yang's appointment of Conor as PayPal's risk control president is equivalent to letting him enter the power level of PayPal, and even improving his status in Prosperity Bank. He was originally subject to that Help the directors of Prosperity Bank, and now become the president of PayPal Risk Control, and no longer need those birds!

   (end of this chapter)