Back To 1995

   Chapter 532

   Ken Griffin, who had just dealt with his troubles, was in a bad mood when he saw the news on TV.

   "San Jose News Network reported that PayPal, an emerging Internet payment platform, is negotiating an acquisition with Prosperity Bank of Houston. If the acquisition is reached, PayPal will officially enter the American banking industry!

   Prior to this, Goldman Sachs just made a venture capital investment in PayPal, and PayPal's valuation has exceeded 10 billion US dollars. This is another Internet technology company established by Bruno Song. Previously, there are many companies such as Double Click, ICQ, and America Telecom..."

Looking at the news on the TV, Ken Griffin felt more uncomfortable than he earned. He was here, and he just spent tens of millions of dollars in "guarantee" and fines to get through the difficulties. PayPal over there But he was already crazy, he got a huge amount of venture capital, and he bought a bank. Thinking about his own situation, Ken Griffin is even more anxious.

   took a deep breath, Ken Griffin knew this, and he lost again. He originally wanted to create some public opinion and disgust Song Yang.

Unexpectedly, Song Yang's backhand was a slap, and Ken Griffin was dizzy. Ken Griffin not only lost face this time, but became a "villain" representative of Wall Street and was fined a few times. Tens of millions of dollars, Castle Hedge Fund's short selling in Southeast Asia, after he left, was also panic, and he didn't make much money at all.

   In this wave, Ken Griffin killed 1,000 enemies and lost 100,000. Song Yang was disgusted to the point that he didn't know, but he was unlucky.

   And this time, after finally overcoming the difficulties, Ken Griffin clearly felt that Song Yang's strength and influence had far surpassed him.

Song Yang's method of playing this time was quite similar to those of those powerful figures in America. First, he started to mobilize public opinion, and all kinds of real and fake dirty water were poured on Ken Griffin, so that Ken Griffin would play. Liffin's image began to rot overnight and became a representative of Wall Street's "vampires" and "leek cutting".

Then, through public opinion and personal connections, I put pressure on the New York Inspection Department, the Securities Commission, the Securities Investors Association and other departments, and then cooperated with some state and Capitol Hill gentlemen to come forward and shout, and successfully beat Ken Griffin into a street. Rats, those MPs who were donated by Ken Griffin, did not dare to come forward to help Ken Griffin clean up.

Ken Griffin won't swallow this breath. He is also a genius, but he has suffered from deflation in the face of Song Yang twice, but for a person like him, it is impossible to give up easily without returning it all. , Ken Griffin will never let go of his heart for the rest of his life!

Only now, Ken Griffin knows that now is not the time to face head-to-head, he can't bear the head-on collision, but Ken Griffin is willing to wait for a suitable opportunity, just like a viper catching prey Snake, as long as you wait quietly, there is always a chance to find a shot.

   Ken Griffin, who had calmed down, was once again attracted by the voice on the TV.

"Prosperity Bank issued the latest announcement that it has reached an acquisition agreement with PayPal. PayPal acquired a 51% stake in Prosperity Bank for $650 million. In the future, Prosperity Bank will be renamed Houston. PayPal Bank!

   In this acquisition, PayPal completed the acquisition through cash and equity transfer, and it is expected to invest 200 million US dollars in cash. Comerica Bank, Goldman Sachs, and Deutsche Bank Investment Bank announced that they will provide support for PayPal…”

When he saw this, Ken Griffin turned off the TV directly. The result was not what he expected, but the acquisition was completed, so Ken Griffin knew that it would be difficult to deal with Song Yang again. Not a star and a half.

  Getting a bank is not as simple as adding a license. It means that PayPal has already sat on the same card table as the bank giants on Wall Street, although PayPal's card is not worth mentioning at this time.

As for Song Yang, who owns PayPal, his strength will soar again. This kind of thing will not have any impact in the short term, but as time goes by, PayPal, which has a federal bank license, will help Song Yang. getting bigger.

   is also concerned about the negotiation between PayPal and Prosperity Bank, as well as John Harder and a group of investors who bought the shares of Prosperity Bank, and the institutions that are fishing in troubled waters are also a little nervous at this time.

  If the acquisition fails, then they are estimated to be trapped in it. Naturally, they are concerned about the outcome of this negotiation.

   By the time the NYSE closed, John Harder was already restless, and there was no result yet. The longer it dragged on, the greater the risk!

John Harder saw that there were already quite a few people, who couldn't stand it, and for fear of the risk, they threw away the Prosperity Bank stock in their hands in advance, just because they were afraid that some moth news would come out later, and they wanted to take action. , are not for sale.

   Just as he was about to lose his patience and was about to throw it away, he saw the stock price that was still jumping up and down, and a straight line instantly appeared.

It was really a straight line. On the electronic screen, the share price of Prosperity Bank, like a rocket, rushed straight and started to take off. John Hader blinked a few times, and then saw the original. The ups and downs of the stock price instantly went from the vicinity of thirty-five dollars to fifty dollars in one breath!

   This kind of gameplay is obviously not the gameplay of bank stocks, but more like the technology stocks on the Nasdaq next door, which can play the stock price into a roller coaster.

  John Harder watched the stock price of Prosperity Bank helplessly, and was violently pulled to forty dollars, fifty dollars in one breath, and then at the last moment before the close, it was fixed at sixty-three dollars.

   This price has exceeded the highest price of Prosperity Bank’s stock at US$58, and it has also made the market value of Prosperity Bank break through to US$4 billion in one fell swoop. No, it should be called PayPal Bank now!

John Harder has seen the announcement of the completion of the acquisition, and Prosperity Bank has become a thing of the past, and it will be the PayPal era. Harder doesn't care, he only knows that he will have money for the rest of his life for the rest of his life...

   At the last moment, it is obvious that Wall Street investment banks and institutions still have some unfinished thoughts about Prosperity Bank. If it is not for the lack of time, it may be able to push the stock price even higher!

John Hader opened his account and looked at the Prosperity Bank stock that was already worth more than $2.14 million. His cost price was $17, and now the Prosperity Bank stock price has been By the time it reached $63, that is, in this wave, John Harder had more than quadrupled his earnings, and the principal of more than half a million dollars had soared to more than two million.

   He won the bet. The pension of more than two million dollars is also a huge sum of money in America. If he retire in a place with low consumption overseas, then he will have a pretty good life for the rest of his life!

   However, what makes John Harder tangled now is whether to sell the Prosperity Bank shares in his hand tomorrow, and then cash out.

After the completion of the acquisition today, various analysts who were not optimistic about Prosperity Bank in the past have suddenly changed their words and rhetoric. For Speriti Bank, it's just the beginning!

   "Double Ten Billion Stocks!"

There are even more analysts who have proposed a new term and believe that the valuation of PayPal Payment and PayPal Bank will both exceed 10 billion. If PayPal Payment comes to a backdoor listing and merges with PayPal Bank, then this stock is actually Worth over $20 billion...

  These remarks and analysis are all about making people feel excited. If it wasn't for John Harder, who just climbed the rooftop once, he suffered a big loss, and maybe he really believed this.

John Harder, who knows a little bit about Wall Street routines, knows that the next Wall Street institution is going to fry PayPal bank stocks. Unlike those traditional banks, PayPal Bank has a lot of gimmicks. It can be said that it is a bank stock, or it can be said that it is a bank stock. It is an Internet concept stock. Anyway, wherever there is a limelight, just blow it where it is!

After all, traditional banks can’t hype, but Internet banking, electronic payment concepts, etc. can all be hyped. As for whether PayPal makes money or not, institutions don’t care at all. Wall Street banks are making money, but the stock price is half dead. It has been ten years. If it doesn't go up, and Internet concept stocks don't make money, the stock price doubles and goes up!

In a hotel in San Jose, after the acquisition agreement was reached, PayPal held a banquet here. Conor and a group of executives of Prosperity Bank were present. The executives who followed Conor also wanted to To have a relationship with Song Yang, after all, both sides will be their own after all.

"Boss, I represent the board of directors of Prosperity Bank. The board of directors asked me to tell Song you that Prosperity Bank will fully cooperate with PayPal. The board of directors of Prosperity Bank will be reorganized in the near future! "

Holding a glass of wine, Conor said that the board of directors of Prosperity Bank was very acquainted. Once the agreement was completed, they immediately showed their favor to Song Yang. The restructured board of directors of the bank was also dominated by PayPal. Signs of holding back.

It's not that the directors of the sub-banks have changed their tempers, but... they make too much money. As soon as the agreement was announced, the stock price hit a new high, which made the former directors of Prosperity Bank's worth rise a bit, it seems that tens of billions of dollars The market value of knives is not out of reach. In this case, how can they cut off their own money, and now they are happy to let PayPal toss.

   "To Prosperity Bank, to PayPal!" Song Yang raised his glass and said to the crowd.

   (end of this chapter)