At night, Li Dong had a talk with the head of MIH.
Compared to ABSA, MIH does not want to give up Tencent, and they do not want Tencent to collapse.
No matter how many shares ABSA holds, MIH's parent company, Naspers, can redeem these shares before the expiration of the pledge period.
That's why the more Tencent rises, the more MIH earns.
On the other hand, ABSA's annual dividends are not dividends. They are interest paid by Naspers to ABSA.
Both companies hold different shares, and their profits are different. Naturally, their considerations are different.
ABSA is eager to use Tencent's shares to exchange for Far Away's opportunity to raise funds.
On the other hand, MIH hopes that Far Away will fail and give Tencent a chance to rise.
However, Tencent will not be able to achieve this in a short period of time.
That's why MIH did not make any moves in the stock market a few days ago.
In fact, it is difficult to make any moves.
MIH is not very powerful. Its parent company, Naspers, is only worth about 15 billion USD. In 2008, its revenue is only 3 billion USD, and its profits are less than 600 million USD.
The boss of Naspers has invested in many companies all over the world. In fact, Naspers does not have much money now.
Based on the analysis of professionals, if Tencent does not have any breakthroughs and only needs to wait for the capital to rescue them, they will need to invest hundreds of millions to maintain the current share price.
This 100 million is in USD, not HKD.
On the 4th, Tencent invested 1.2 billion HKD to maintain the 55 HKD price. This is not a small amount for Naspers.
Ma Huateng dares to bet, but the investment institutions do not.
For PE or VC institutions, it is necessary to stop losses in time. Adding fuel to the fire is a taboo!
Very few investment banks will continue to support the companies they invest in when they are in crisis. Adding fuel to the fire is the trend in the industry.
However, MIH is reluctant to give up Tencent. Tencent is worth billions of USD. A few days ago, it was worth as much as 7 billion USD, which is equivalent to half of Naspers Group.
Who would be willing to give up just like that? Who would be willing?
Li Dong's offer was not an unconditional compensation, but a means of financing.
Financing was a synonym for risk.
Can PP go public really create more value than Tencent?
So far away, the price of financing PP was not low. Even if a miracle was created in the end, what would be the return?
Settling accounts was the instinct of all investment institutions.
After calculating, MIH found that abandoning Tencent and relying on Far Away was far from enough.
Similarly, if they didn't give up on the Tencent and didn't go to Far away, if the Tencent suffered a crushing defeat on their own, they would have wasted all their efforts and suffered even more losses.
The current situation was that they either had to recoup some losses or lose everything.
Of course, there was one last possibility, which was Tencent could still stand up!
As long as Tencent still had the hope of making a comeback, they could continue to support Tencent and get more benefits. This was the biggest possibility.
Although the people from MIH talked with Li Dong for a long time, they still did not give a definite answer.
Before they left, the person in charge of MIH even said in standard Chinese, "Harmony brings wealth."
In fact, there was still room for cooperation between Tencent and Distance. If they worked together, both sides would benefit. There was no need to fight to the death.
Li Dong laughed at this.
He could understand why the people from MIH were still hesitating. But now, it seemed that ABSA was their biggest hope.
As long as ABSA could find a way to make Naspers give up the redemption rights of Tencent and continue to dump the shares, the stock price of Tencent would definitely plummet again.
10.5% of the shares was not a small amount.
Also, if ABSA, as the third largest shareholder, were to dump their shares, how could the others sit still?
Some of the shareholders who were still hesitating would also follow the trend to dump their shares, and some investors who wanted to gamble would also follow the trend. Those who dared to gamble till the end were actually only a small percentage.
Even if Ma Huateng, Tencent's executives, and MIH could stabilize the situation, there were still more than 30% of Tencent's shares. If more than 20% of the shares were to be dumped, Tencent would need to come up with at least 15 billion HKD to save the stock price.
This amount of money was not a small amount for anyone, including Li Dong.
Of course, some large investment banks would also dare to gamble.
But at this time, PP also started to raise funds. Should they gamble on the unknown future, or should they gamble on PP with Li Dong's support?
That was why Li Dong said that regardless of whether the two companies agreed or not, he would still open the financing channel.
The main reason was to cut off these investment banks' rescue and gambling.
Also, PP's strength would increase again after introducing investment institutions. One party's strength would be weakened, and the other party's strength would increase again. At this time, not many people would dare to gamble.
… …
After sending off MIH's people, Li Dong sat back on the sofa and said. "Three days. I will give ABSA three days to get Naspers to give up their redemption rights! Three days later, regardless of whether the other party succeeds or not, and regardless of MIH's decision, we will officially announce to the public that PP will raise funds! Today, Tencent's share price did not fall much because of yesterday's impact. This impact will not last long. Everyone is still in a wait-and-see state. On one hand, they are watching Tencent's own actions, and on the other hand, they are watching our actions. Once we make a big move, Tencent's share price will fall again! "
It was not the first time that Li Dong liked to talk to himself. In fact, he was not talking to Bai Su, nor was he talking to Tan Yong. He was talking to himself.
Bai Su, who was standing at the side, did not answer. Instead, she said in a low voice. "General Manager Li, Yu 'e Bao's news is being hyped up.
It is even being publicized on the internet that Yu 'e Bao has raised tens of billions of funds!
Your trillion fund plan is also being circulated on the internet.
There is a lot of negative news on the internet. Some people say that Far away is involved in illegal fundraising, and some people say that exchanging real money for virtual numbers is a form of damage to the financial system.
Many people hope that Far away will disclose the specific information of Yu 'e Bao, including the flow of funds.
Now, there is a new term on the internet, self-financing!
Many people speculate that Far away's funds may be used for its own development. This is because it involves its own physical industry, which is equivalent to using online funds to finance its offline industry.
This is also criticized by many people.
There are even some well-known economic experts who are advocating the government to legislate to avoid risks in advance.
Before the new bill appears, these experts suggest that online financing platforms such as Yu 'e Bao, CaiBao, and CaiTong should make some restrictions for the time being. It is not suitable for large-scale promotion, but they can be piloted in some areas.
Moreover, the other party also suggested that before the pilot, each platform should pay a huge deposit to ensure the safety of the platform's funds.
This has also been supported and recognized by many people … "
Li Dong nodded and said, "This is not a bad idea. In fact, if it didn't involve us, I would also suggest this.
Internet finance has just emerged. At this time, if strict control and risk supervision are not done in the early stage, it is indeed easy to have problems.
Take CaiTong as an example. Now they are absorbing less funds. If it is too much, can they really hold back from using this fund when Tencent encounters such a big crisis this time?
Even if some plans are passed and the funds are used reasonably, in the end, Tencent will be finished. Who can ask for this money?
Therefore, legislation, supervision, paying a huge deposit, and risk control are all necessary.
Also, we need to raise the threshold. We can't let any company enter. Any company is qualified to build this platform. This is the right thing to do.
Of course, this is also for the entire market environment and the healthy development of the entire Internet finance industry …
But now, we really don't have the money to pay this huge deposit. According to them, it needs at least a few billion yuan to be considered a huge deposit. At this time, where do we get the money to pay?
Also, now that it has been spread out across the country, it will be very troublesome to make restrictions and carry out pilot projects … "
As Li Dong spoke, he sighed slightly and said, "Previously, I thought that everyone would get rich together and quietly make a fortune together. It was just the three of us. Anyway, there were benefits to speak of. If we joined forces, there would not be such a big storm.
But now, we don't want to play with Tencent.
They see that they can't take advantage of us, so naturally, they don't want to let us take advantage of them. They even want to cause us some trouble. This is very normal.
We don't need to worry about this for now.
Wait for the government to respond.
Tell Yuan Chengdao and the others not to resist this time. Once the government sets restrictions, we will obediently compromise.
We can't afford to offend the financial institutions now.
So far away, we still have nearly 80 billion yuan of loans in the bank. If it was any other time, So Far would not do anything and slowly deal with them. This would not be a problem.
But now, we don't have the energy and time to continue fighting with them.
Otherwise, we will be the ones in trouble. "
Li Dong's words "obediently compromise" made Bai Su suddenly feel a little uncomfortable.
She did not know why she had such a thought.
Li Dong's choice to compromise was actually a very correct choice.
But why did she feel uncomfortable?
Since the end of 2007, she had become Li Dong's secretary, the secretary of this old classmate.
Li Dong had been victorious in the past few years. During this period, there were times when he actually compromised, but generally, it was not a compromise in the general direction, nor did it involve the strategic goals So Far away.
Moreover, even if he compromised, So Far would generally be able to maximize the benefits, and various kinds of struggles would not stop.
But this time, Li Dong didn't put up any resistance and just admitted defeat so easily.
Was it because Li Dong did not value Yu E 'bao?
In fact, it was not only Yu E 'bao. Once he compromised this time, even the entire Wan Toon would be affected.
Wan Toon involved the entire Internet industry So Far. The concept of Internet finance was also proposed and promoted by Li Dong himself at the Internet conference.
During this period, Li Dong actually contributed a lot to Wan Toon and Internet finance.
But now, Li Dong gave up fighting.
With a simple sentence, all the hard work and struggle in the early stages had been for naught.
Internet finance was not a bait to divert Tencent's attention. In fact, Internet finance was not even lower than the value of defeating Tencent.
Li Dong said it was because of Tencent. In fact, maybe he was tired, or maybe his fighting spirit had dissipated. In short, in Bai Su's opinion, the moment Li Dong said to give up, he must have been struggling in his heart.
Such a strong man, such a man who was unwilling to be ordinary, and a man who would never admit defeat, gave up just like that this time.
Was it true that Li Dong's passion had cooled down because he was about to get married?
Bai Su couldn't tell it clearly, and she couldn't tell it clearly. She only knew that such a choice should be painful for Li Dong.
…
Was Li Dong in pain?
Perhaps a little, but it was far less complicated than what Bai Su thought.
People grew up. This sentence had always been said by Li Dong.
There was a price to pay for maturity in the end.
The passion in the past, and the battles in the past, that was all in the past.
To this day, even Li Dong himself knew that he was not as passionate and hot-blooded as he used to be.
Compromising was actually an art. Li Dong had heard people say this many times, and now, he had learned it.
Of course, this kind of compromise was not unlimited. When it was time to resist, their passion was still there.
Just like Ma Huateng, he had also been compromising all these years, and he had compromised more than Li Dong.
However, this time, Ma Huateng was not willing!
Not long after Li Dong sent off the people from MIH, in another hotel not far from the peninsula, Ma Huateng looked at the big-nosed man opposite him and said slowly, "Dawei, are you really going to give up?"
The big-nosed man opposite him had known Ma Huateng for many years.
When Tencent was at its most difficult time, Ma Huateng ran around everywhere and almost sold Tencent for 600,000.
Later, despite the support of several institutions, because Tencent kept burning money, they were not willing to continue to pay.
Just when Ma Huateng was desperate again, it was this big-nosed man, Wang Dawei, who had been the vice president of MIH's Hua Xia business, broke into his office and gave Tencent a valuation of 60 million US dollars!
As a result, MIH entered Tencent, so that Tencent had the funds to develop, and the legend of Tencent in the following years came into being.
This time, Tencent encountered another crisis. Although Wang Dawei was no longer working for MIH, he had entered Tencent and was actually the spokesperson of MIH in Tencent.
According to the original schedule, Wang Dawei should be in the United States at this time.
At this time, he appeared in Hong Kong. There were some things that did not need to be explained.
Wang Dawei's Chinese was very good. He was not the one who led the team to see Li Dong, but he knew these things.
Hearing Ma Huateng's question, Wang Dawei sighed and said helplessly, "Pony, I have been fighting for you, but with Tencent's current situation, it's useless for me to say anything.
The decision that the headquarters makes is not up to me, nor is it up to Li Dong.
The key is Tencent itself!
If Tencent can't come up with a good plan and can't move the headquarters, it is inevitable that they will give up.
I have feelings for you, but they don't. In their eyes, there is only money. No one can change this.
As long as Tencent can continue to create value, MIH and Naspers will not give up.
But … "
Ma Huateng rubbed his cheek. He actually understood. After a while, Ma Huateng said again, "How much time can you give me?"
This was the time when MIH would give up Tencent.
Wang Dawei pondered for a moment and replied, "It depends on the specific situation. If Tencent's situation improves and the stock price does not fall below this year's initial value, MIH will not give up. In addition, if Tencent has a new plan that can move MIH, I hope you can tell me about it to buy time for yourself. Even if there is only a 10% probability, MIH will not make a decision so quickly. But if you can't do the first few things and can only wait, MIH will give up Tencent sooner or later. "
Ma Huateng murmured, "You will give up if it falls below 50 HKD? You are really patient. "
Tencent's initial valuation was only 60 million USD. Now it has a market value of more than 10 billion USD. If it falls below 50 HKD, will they waver?
Capital is really cold-blooded.
Ma Huateng sighed in his heart. He already knew the other party's choice. If he could make money, he would follow Tencent.
Even if Tencent cannot make money, Tencent will not go crazy with Tencent.
Market value is the foundation of an internet company.
Without a market value, how much money can a company get if it relies on dividends?
Tencent's profit last year was 2 billion USD, and it was impossible for MIH to get dividends. Even if MIH gave out half of its profits, it would only get about 300 million USD. In fact, the dividends are much less than this.
The most fundamental source of profit for these investment institutions is the market value of internet companies.
If the market value falls, the company will lose its source of profits. It is natural for them to give up.
The only thing that made Ma Huateng uncomfortable was the other party's expected price. 50 HKD!
Today, Tencent's share price was affected by yesterday's news and Tencent was still buying back shares on a small scale. Hence, the share price did not fall much and remained around 54 HKD.
From this, MIH is not that determined.
Otherwise, they would not set such a close price.
Ma Huateng sighed and asked, "Li Dong, what price did they offer you?"
Wang Dawei shook his head. Some things can be said, and some cannot be said.
No matter how close Wang Dawei is to Ma Huateng, and he is now a Tencent executive, this matter was leaked in advance. Putting aside the confidentiality agreement, this matter is also related to MIH's reputation and his own future. He cannot use this matter as a favor.
Ma Huateng smiled and didn't ask any more questions.
"50 HKD …"
Ma Huateng murmured again. He had already made up his mind. Before MIH made their decision, he would not wait for them to make a decision.
Tencent can die in his hands, or even in Li Dong's hands, but not in the hands of these capitalists!
If Tencent dies because of MIH's betrayal, it will be the biggest shame in his life!
Capital controls everything?
That depends on who is controlling it!
Since the other party had exposed this bloody fact, then don't blame me for being heartless. Everyone only cares about profits.
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