Chapter 301 The Golden Age (Two in One)

The meeting between Sina's board of directors and Fang Zhuo ended unhappily.

Soon, a piece of heavy news came out.

Fang Zhuo's MIGA Fund will exercise shareholder rights and apply to dissolve Sina.

Originally, the media reporters received the news that the temporary shareholders' meeting was postponed, and they also knew that a leader intervened to facilitate the negotiations between the two parties. They thought that the dispute over Sina's control was easing, but they didn't expect that the situation would change suddenly in the blink of an eye.

From the right to know about major company events to requesting the dissolution of the company's board of directors, and then directly requesting the dissolution of the company!

Fang Zhuo's demands on Sina have been escalated layer by layer, and have reached the highest point of toughness.

——"Does Fang Zhuo really dare to dissolve Sina?"

Since the news came out, the Internet has been the first to start a discussion. Some people think it is intimidation, and some people think it is an intensification of the situation.

It's as if no one would have thought that Fang Zhuo would suddenly fight for control of Sina, and now it's just the second "unexpected".

At the same time, there are also news reports that different rights of shareholders in different proportions of a company are available. Shareholders like Fang Zhuo can submit proposals to dissolve the company through shareholders' meetings or through judicial means to apply to the court for compulsory application.

Because Fang Zhuo meets the conditions of "holding more than 10% of the shares", "difficult to resolve through other means", "the company's continued existence has damaged the interests of shareholders", and "the company's operation and management has encountered serious difficulties".

Of course, many of these conditions are worth discussing in actual handling.

What does it mean that the company's operation and management has encountered serious difficulties?

Long-term conflicts between directors cannot be resolved through shareholders' meetings, which is a serious difficulty in operation and management.

What does it mean that the company's continued existence has damaged the interests of shareholders?

The shares held in hand have been devalued due to major company events. Is this considered damage...

The judicial procedure should be handled according to the specific circumstances, but in any case, the release of this news directly caused the stock price, which had risen due to the MIGA fund's absorption of Sina shares, to fall.

Does Fang Zhuo dare to dissolve Sina?

He slammed the table in front of the leader. Not to mention whether he dared or not, at least he was a bit reckless.

Since Fang Zhuo and his party left Sina on the 23rd, the board of directors held a three-hour meeting to discuss countermeasures.

At this meeting, the directors who had been quite indignant had some disagreements. Mao Daolin, who was attacked by Fang Zhuo today, actually advised Duan Yongji to maintain communication with Fang Zhuo and stabilize the situation of Sina.

Wang Yan believed that Mao Daolin, who came from venture capital, was a little intimidated by Fang Zhuo.

He never believed that Fang Zhuo would really submit a request to dissolve Sina.

At ten o'clock in the evening, Wang Yan returned home early today and took out his mobile phone to wait for a call.

Fang Zhuo called for the first two days, but he did not answer. Today is the third day. Wang Yan thinks that this guy will still call. Considering the changes in the situation, he feels it is necessary to listen to the other party's ideas.

At 10:15, the phone rang.

Wang Yan was actually a little nervous when he dialed the phone.

"Hello, Mr. Wang." Fang Zhuo got through the phone and asked the first question, "Have you eaten?"

Wang Yan felt funny that the other party had such a classic greeting after such an action. He answered steadily: "I have eaten, and you?"

"I have eaten too." Fang Zhuo replied, and asked, "How does Lao Duan plan to deal with me?"

Wang Yan was surprised: "Do you think I will tell you?"

Fang Zhuo was not surprised, and asked: "Old Duan doesn't want to leave me an empty shell, right?"

Wang Yan did not answer.

Fang Zhuo said to himself: "If you don't speak, it means you have acquiesced. Hey, Lao Duan is bad."

Wang Yan couldn't help it: "How good are you?"

"I can lead Sina to profitability." Fang Zhuo said so.

Wang Yan didn't speak again. Many times, he has a gentleman's demeanor compared to Duan Yongji. Regarding the future development of Sina, he has different ideas in his heart, and now he vaguely feels Fang Zhuo's intention.

"You released the news of dissolving Sina, right? Will you really dissolve it?" Wang Yan imitated the other party's shamelessness and asked directly about the core operation.

"I released it." Fang Zhuo paused and lied, "It really will."

Wang Yan was confused: "Why? Why bother?"

Many times, people's inquiries are not to hear the real answer, but to hear an answer that can convince them logically.

Fang Zhuo has a deep understanding of this point.

He smiled and said: "From an emotional point of view, Sina was not founded by me, so it can be dissolved. From an interest point of view, Sina's financial report last quarter still had more than 10 million US dollars. If it really goes to dissolution, how much can I lose?"

Sina's market value is only 50 million, and there are more than 10 million in cash on the books, which is a typical value inversion.

However, under the rolling tide of the Internet bubble, Internet companies naturally bleed in the stock market. Sina is a Chinese company. It, NetEase, and Sohu are all undervalued US stocks.

Wang Yan sighed, feeling that Sina was stunned and met a desperate person.

"Of course, that's the worst case scenario." Fang Zhuo began to show his sincerity, "My original intention is to make Sina more successful, which I think neither Mao Daolin nor Jiang Fengnian can do."

"I think Sina needs change, and it needs me, and people like you who are keen on the development of the Internet to promote development."

"But how can Sina, with dispersed equity, change itself?"

"If it can't change, then I will help as an external force."

Fang Zhuo said sincerely: "I realized one thing after the registration website, that enterprises need to make money, enterprises must make money, I can make Sina make money, I can make shareholders' shares appreciate, why can't I take over Sina?"

Wang Yan thought for two seconds, and said half sarcastically: "Mr. Fang is still full of confidence, where do you get this confidence from?"

"Soon, you will know where my confidence comes from." Fang Zhuo kept it a secret.

Wang Yan was silent for a full minute.

The phone was not hung up.

He still spoke out his judgment: "I feel that Mao Daolin believes your intimidation a little bit."

Fang Zhuo directly calculated with the Sina CEO on the phone: "Wu Zheng was originally wanted to be abandoned by Duan Yongji, and Mao Daolin also has to be responsible for the cooperation with Sunshine Culture."

Wang Yan interrupted: "Being responsible does not mean being abandoned."

"If the capital does not believe that Wang Zhidong can bring better results, he will be abandoned. Now if there is a better candidate in front of him, Mao Daolin will also be abandoned." Fang Zhuo said so.

Wang Yan was puzzled. Why was Fang Zhuo so confident? What was the standard for judging whether he was good or not? Where was there such a convincing comparison now?

"Chairman Jiang Fengnian, he represents Taiwanese capital. It's not bad that he can be the chairman of Sina with such a background..." Fang Zhuo didn't say anything bad, but said directly, "For an investment company, a reasonable price will not be rejected. He is not Duan Yongji's brother, so why should he bear it?"

Destruction is always harder than construction, especially when the interests are not in the same place.

There are only seven people in the board of directors except Feng Bing and Davis, and three names were named.

"Mr. Wang, it's not good for me to destroy Sina. Can I make it worse if I come to Sina?" Fang Zhuo said, "I agree with Mr. Wang's judgment on the Internet. I believe Sina can shine in our hands."

"Mr. Fang." Wang Yan wanted to say something, but he didn't say it.

"We can see tomorrow, Mr. Wang, no hurry." Fang Zhuo said here, "I have patience with Sina."

The call ended.

Wang Yan sat on the sofa and looked at his phone. In fact, if the attitude revealed by Fang Zhuo was known by the board of directors, it would affect their next move.

But will the board know?

Wang Yan put away his phone.

The board won’t know.

A moment later, Wang Yan turned on his computer and browsed the swirling Sina.com, and saw the third criticism by the chief editor Xu Changlun.

Perhaps the chief editor saw the interview report of CCTV official media, and the chief editor also took into account the acquaintance between the leader and Fang Zhuo.

Today’s headline is much milder:

“The Sina board of directors and major shareholder Fang Zhuo’s talks ended unpleasantly!”

…

On June 24, when Fang Zhuo released the news of dissolving Sina and was criticized by the business community, a news report from Shanghai quickly attracted attention.

——"It is reported that Yike Technology, which is popular among domestic and foreign consumers, is in acquisition negotiations with Apple, a US listed company."

——"This is not the first acquisition negotiation since the establishment of Shanghai Yike. An insider revealed that Yike, which has completed its A round of financing, once received a $50 million acquisition offer from Sony."

——"However, Yike rejected Sony's acquisition."

——"Now, Yike, which is thriving in the markets of both countries, is again intended to be acquired by Apple, and the negotiation price is as high as $200 million."

——"It is worth mentioning that Yike President Fang Zhuo is participating in the acquisition of Sina. Sina's current market value is $50.6 million, which is only 1/4 of Yike's valuation."

——"As a project that came out of CCTV's entrepreneurial platform, Yike's products have been sold all over the world in just less than two years. It is not clear what Fang Zhuo's attitude towards Apple's acquisition is. Perhaps he is waiting for a better price."

The acquisition price negotiated by Yike is $200 million?

One Yike = four Sina?

Is Yike's president practicing and achieving success with the entrepreneurial spirit he preached in his program?

Fang Zhuo is a business genius?

Is it a joke that a business genius came to Sina to guide work?

For a time, the news about the parties involved in the dispute over the control of Sina, which attracted much attention, was widely reported, especially in newspapers in Shanghai.

Many people questioned the authenticity of this news.

However, another piece of news gradually made people believe in Apple's acquisition price.

Many people have always questioned the source of funds for Fang Zhuo's acquisition of Sina. Now a reporter finally squatted in front of Fang Zhuo and heard his answer.

"Yi Ke's shares are very valuable. It doesn't cost much to acquire Sina."

"I took Yi Ke's shares to Bank of America, and they were happy to lend me the money. I chose the most favorable bank, so I have money now."

Fang Zhuo is now a public figure.

How could a public figure lie under the camera?

The two pieces of news confirmed each other. Yi Ke, which was full of J1, suddenly showed an astonishing corporate value. The most important thing is that it is still growing and does not seem to be in a hurry to sell.

200 million US dollars, more than 1.6 billion Chinese yuan.

This is enough to be on the Forbes mainland rich list this year!

The 100th richest person on the list last year had assets of $61 million!

Assets of $200 million would have ranked him 26th last year!

This ranking is one year older than Fang Zhuo's age!

On June 25, Fang Zhuo, who had postponed the interim shareholders' meeting for two days, once again arrived at Sina headquarters with his leaders.

However, this time, he was surrounded by reporters and did not refuse the interview.

"What? I thought you were going to ask me about Sina's news. Oh, we are negotiating with Apple for an acquisition. The price is about the same."

"But we don't just want cash. We are striving to maintain the independent brand operation of Yike Technology. This is very important."

Fang Zhuo responded to a question about Apple's acquisition of Yike.

A reporter asked again: "Mr. Fang, do you know that your 200 million assets can rank you 26th on the rich list?"

"Without 200 million, where does the 200 million come from? Even if the signature is finalized, I only hold 40% of Yike's shares, which is only 80 million US dollars." Fang Zhuo said in a Versailles way, and then asked, "This money can't make the list, right?"

The reporter replied: "It can rank more than 70!"

Fang Zhuo shrugged: "Okay."

He pretended to walk into the building: "No problem, right? I'm going to talk to Sina."

The reporter who had been squatting for several days finally asked the main question: "Mr. Fang, you said in the interview that you can lead Sina to profitability, what is your basis?"

"The profitability of Internet companies has always been a pain point." Fang Zhuo commented, "Sina, NetEase, Sohu , all three are listed companies in the United States, but none of them have made much breakthrough in profitability. "

"On the contrary, Tencent has done well in this regard. Now, Tencent has also started to build a portal website."

"If Sina continues to hold on to old ideas, it will soon be surpassed by companies that keep up with the times."

"Do you think this day is too late?"

"It took Yike less than two years to get a valuation of 200 million US dollars, and Tencent started counting money in less than a year after grasping the key business. The development of the Internet will never wait for others."

"This is the golden age of the Internet, I am here to save Sina instead of ruining it."

"Whether the reporter believes it or not, the words of the Forbes quasi-rich man have murdered a lot of camera film, and the picture of Yike's president standing downstairs of Sina headquarters quickly spread across the Internet.

In this era, rankings such as the 100 richest people and the top 500 companies can always inspire people's longing and recognition. Even if the rich list is often equivalent to the "prisoner list" and "pig killing list", it still has an obsessive magic.

Fang Zhuo walked into the Sina headquarters with a different gaze than the previous two days.

Today is still not an interim shareholders meeting, but a second meeting between the board of directors and Fang Zhuo.

Just last night, Fang Zhuo revealed a piece of news to Duan Yongji through Wang Yan that he had received an acquisition offer from a director who was willing to sell his shares but asked for twice the price.

Duan Yongji did not sleep all night.

This morning, he took the initiative to call Fang Zhuo.

Fang Zhuo kept it secret, but not completely. The director's surname was Wu.

The fortress was breached from the inside, and the will that was forcibly held together finally collapsed under pressure.

Fang Zhuo pushed open the door of the conference room and asked casually before sitting down:

"Daily question, did Sina make a profit today?"

"Hahaha." The hearty laughter came from Duan Yongji, the co-chairman of the board of directors. He shook hands with Fang Zhuo in the eyes of everyone who was surprised or pretending to be surprised. "Welcome Mr. Fang to Sina and guide our work."

Fang Zhuo shook Duan Yongji's hand vigorously: "Mr. Duan, we don't know each other without fighting. We don't know each other without fighting."

Duan Yongji smiled and said, "I don't want to know Mr. Fang."

"I have wanted to know Mr. Duan for a long time." Fang Zhuo said with a smile.

The high-end business negotiations finally got rid of each other's personal attacks with difficulty and became elegant again.

But this also means that someone has suffered a shameful betrayal.

Fang Zhuo sat down slowly in his seat, knowing that there were not only betrayals but also counter-betrayals among the seven directors opposite.