Night fell. Victory Restaurant.
Fang Tian had set up a banquet to entertain IBM's President, Louis.
A red Mercedes-Benz stopped at the entrance of the restaurant, and Mr. Louis alighted. He walked over with a smile and shook hands with Fang Tian.
"You are here." Fang Tian smiled.
He had asked Li Qiguang to call him. Over the phone, Li Qiguang did not say if he was coming or not, but he still came.
Louis smiled and said, "Looking at the world, there are people who have the capability and need to do this. Other than the soft cloud, I can't see a better choice!"
Fang Tian laughed. "Come in!"
Both of them walked towards the restaurant.
In China, there were only two companies that had the capability and need IBM. One was Soft cloud, and the other was Wanjun Group.
Initially, Louis had wanted to sell IBM to Bai Wanjun. After all, Bai Wanjun's offer was more attractive. 1.5 billion USD, and Soft cloud was only 1.2 billion USD.
But in the end, Louis changed his mind and decided to sell to Soft cloud.
The reason was that Wanjun Group had only paid 500 million USD for the acquisition. The remaining 1 billion USD was used to transfer 20% of the company's shares to IBM.
But now, Wanjun Group's PC sales had plummeted.
Louis had looked at Wanjun Group's share prices earlier. Today, they had plunged by 21%!
Judging from the situation, the share prices will continue to fall.
This was too scary. Their shares were worthless now.
There was another more important reason. Louis hoped that IBM could find a better home. He wanted to find a more capable company for it to continue developing.
HP had the capability, but they had been competing with IBM. They were not interested in acquiring IBM.
Microsoft was rich, but they had been focusing on operating systems and gaming applications. They were not interested in hardware.
As for Japan's Toshiba and Sony, their PC businesses were also facing difficulties. Their PC businesses should be finished within a few years. They could not even protect themselves, let alone acquire IBM.
Soft cloud was doing well, and their PC business was growing rapidly. They had become China's number one PC brand!
Soft cloud had a strong desire to be global.
Louis really couldn't find a more suitable company than Soft Cloud. There was no other choice other than it!
In a private room.
Fang Tian sat down with him and discussed the details of the contract for a long time.
This time, it was very smooth. There were not too many twists and turns. Louis could accept the purchase price of 12 USD.
Although he felt that this price was a bit of a loss, but at this point, other than Soft cloud, who else could he sell it to?
Keeping the PC business will cause IBM to suffer huge losses every quarter, and it is too late to recover.
Being acquired by a powerful company like Soft Cloud was the perfect outcome.
After about an hour, all the issues were discussed and the contract was settled. Then, Fang Tian and Louis signed the acquisition contract.
There was a huge pile of documents in front of him, and it took him 30 minutes just to sign them.
Just like this, Soft Cloud successfully acquired IBM's global computer business for 1.2 billion USD!!!
In addition to its brand, there was also its factory and a portion of its patented technology.
IBM had a large amount of advanced technology and had set the industry standards for the computer industry. They had a huge impact on the world's computer industry.
IBM's patents are very valuable.
Other than that, IBM's sales channels in North America, Europe, Japan, and Korea are also included.
This is what Fang Tian cares about the most. He can use IBM's sales channels to expand his company's products to the rest of the world.
This 1.2 billion USD will be paid in cash and will not be transferred. Not even 1% of the company's shares can be transferred. This is Fang Tian's bottom line.
After signing the contract, Fang Tian and Louis shook hands.
"Kacha! Kacha!" The flashes from the surrounding cameras were flashing non-stop. This was an important moment in history!
After that, Louis and his team walked out of the Triumph Restaurant.
Fang Tian sent him off.
At the entrance of the restaurant, a large group of reporters swarmed over after knowing Soft cloud had acquired IBM's PC business.
A female reporter in a red jacket asked: "Mr. Louis, why did you sell your PC business to Soft cloud? Isn't 1.2 billion USD a bit too low?"
Louis replied with a smile: "Soft cloud is a great company, and selling my PC business to them is the best choice. 1.2 billion USD is an acceptable price for both parties. IBM is already transforming and will focus on their software business. Not only their PC business, but they might also sell their server business. "
The female reporter in a red jacket looked at Fang Tian: "Why did Soft cloud acquire IBM? What's the meaning of this? "
Fang Tian replied with a smile: "As everyone knows, The Rising Sun has become China's number one PC brand! Our next goal is to expand our business globally. Acquiring IBM will allow us to expand our business to the rest of the world! "
The IBM brand will be retained for a period of time. When the time is right, the letters will be erased and The Rising Sun will be replaced!
On that day, The Rising Sun brand will be known worldwide.
Although PC will be overtaken by mobile phones one day, it is still a productivity tool in the office world.
So what if PC fails one day? Fang Tian did not want to rely on PC to make money. PC profits are destined to be low, and it is good enough that they are not making losses. That's why he had never thought of using PC to make money.
His real goal is to conquer the world with the Phoenix microchip and Meng Zhen system!!!
Unify the world for thousands of years!!!
On the internet, countless netizens are discussing this matter.
OP Incomparable: "My Soft cloud is awesome! Even IBM has been acquired. Although it is only a PC business, it is still a historical event! "
OP Dreams Come True: "Everyone finally knows why Soft cloud's system is called Meng Zhen. Dreams are getting closer to reality. This step is obviously Fang Tian paving the way for China's PC to go global. "
There was an earth-shattering explosion on the third floor. "Fang Tian is really ambitious and has great talent. He has become the number one brand in the country and now has his sights set on the whole world.
The social media forums, the major chat groups, and the various news comment sections were all discussing this matter!
This acquisition has caused a sensation in the whole country!
The next day, in the living room of Feng Yu's house, the gentle sunlight shines through the window.
Fang Tian is leisurely sitting on the sofa, drinking tea and reading today's newspaper.
Soft cloud's acquisition of IBM has caused a sensation in the industry!
All the major media outlets are reporting about it.
Epoch-Making Event: Soft cloud Group Acquires International Business Giant's PC Business! China Business News.
Global Layout, China's PC Dream Is Getting Closer to Reality – 21st Century Business News.
Soft cloud acquires IBM PC, Open the Door to the World – Daily Business News.
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
