Since there is no press conference.

Only the company sends a letter.

therefore.

Few people know about Tang Qing's acquisition of ARM.

Almost all insiders thought that Tang Qing was overconfident and wanted to'win glory for China', but he didn't take it seriously, and Tang Qing's acquisitions in the stock market made many people moved.

They think it is impossible for Tang Qing to acquire ARM.

Because this is a Chinese company.

Regardless of the technological blockade of China by Western countries, the major semiconductor giants alone will not agree.

Once the acquisition fails.

Or Tang Qing thinks it is impossible to succeed.

They will certainly sell their own stocks and then leave the market. Therefore, this wave of rising prices without any actual support is just an occasional event. In that case, why not make a fortune.

The result of this analysis.

It was exactly what Tang Qing wanted.

After all, if you can save a little, you can save a little. ARM's stock price has pushed up, and the acquisition of ERV is also a waste. Tang Qing will play a role as a passionate acquirer.

then.

In this generally agreed situation.

Institutional investors did not continue to work hard. ARM’s stock price growth stopped, but that huge buying order was hanging every day. This week it rose by 15%, and the latest day’s price fell back. Few people.

that's it.

In everyone's joking business.

Tang Qing's company continued to absorb the bargaining chips, and then continued to propose acquisition intentions to ARM, the quotation has risen from US$2 billion to the current US$2.5 billion, making ARM annoying.

I have said that I will not sell it.

Come again and again.

Even sell.

They will not sell to Huaxia's company, but at the same time they are upset, they are in a good mood. At least, Tang Qing's increase in the purchase price also means that the company's valuation is increasing.

The stock price also rose more than ten percent.

therefore.

It can be regarded as a beautiful annoyance. In this way, from another perspective, ARM found that Tang Qing's operation is beneficial to their company's interests, and there is no such great resentment.

But acquisition.

Don't think about it.

...

September 14th.

United States.

new York.

ERV's strategic financing negotiations have begun.

It is different from Tang Qing's low-key acquisition of ARM.

ERV announced this strategic financing plan to the media in a high-profile manner, and media from various countries rushed to report it.

"ERV announced the launch of its first round of strategic financing, with the participation of a number of Internet companies and investment banking groups. Prior to this, Sequoia Capital planned to purchase 50% of ERV for US$5 billion and was rejected."---Associated Press.

"Apple will participate in this ERV strategic financing and is preparing to invest US$2 billion. The chairman of ERV expressed interest. The company opened this morning and Apple received the good news, which increased by 1.7%."---Reuters.

"Buffett said that if ERV goes public, he will spend a billion dollars in equity investments."---The Times.

"ERV opened the road to financing, will the next Internet myth be born?"---Xinhua News Agency.

"......

Strategic financing.

Different from general financing.

Strategic financing is the introduction of new shareholders by selling shares or swapping shares for the company's development when there is no shortage of operating funds.

Financing for the purpose of reaching strategic cooperation.

to be honest.

I'm not short of money.

But I also feel that you, a shareholder, are helpful to my company. I can allow you and me to carry out a certain degree of share trading. Under the premise of a win-win situation, the two parties can reach a strategic cooperation.

The news is released.

All the ghosts and monsters jumped out.

Rumors are flying all over the sky.

Some people say that the chairman of ERV is going to sell 80% of the shares in exchange for cash to leave the market.Some people say that ERV's introduction of strategic investment is the result of compromise by the major giants.

There are even rumors that ERV is falsely reporting accounts and profits are actually not that high.

I don't know whether these statements are true or false.

but.

Everyone knows one thing..

That is the step that ERV has finally taken. It has several powerful sources of gold from "Fire of War", groundbreaking live broadcast software operation methods, and its own excellent network technology. The future is definitely a giant.

that's it.

ERV dominates the global financial news that day.

Many reporters are waiting at the door of ERV for first-hand news.

...

Available at ERV headquarters.

The first phase of the negotiations was at a deadlock.

"This is impossible. If you calculate this, ERV's valuation has exceeded 50 billion U.S. dollars. Before that, our Sequoia Capital valuation was about 12 billion U.S. dollars."

After listening to the fighter's financing plan, the head of Sequoia Capital became anxious.

Just started.

When they heard about the strategic financing scale of 10 billion U.S. dollars.

Many people laughed.

Because this means that ERV will take out a large part of the shares for financing. They have been greedy for a long time, but the reality is far from what they think. Others are only willing to take out 20% of the shares.

This represents.

The ERV self-assessment has reached 50 billion U.S. dollars, which is completely a big talk by the lions. And this mouth, especially big, is so big that they can't accept it at all. Now the US dollar is very valuable.

"Sir, we all cooperated with sincerity, and your offer, we can't see the slightest sincerity." A Samsung representative jumped out second to object.

"That's right, this is completely blackmail." The representative of Softbank said the third.

"If this is the case, there is no need for our negotiations to continue." Apple fourth.

"..."

On the negotiating table,'excessive language' has always been a strategy, or a necessary'lubricant', how can such an important negotiation be thrown away in a few words.

Conference room.

One by one, the soldiers had too much appetite.

But the butt is sitting very firmly.

The soldier's face remained unchanged.

Play psychological warfare.

These so-called experienced guys are completely inadequate. The valuation of 50 billion US dollars is of course a big talk, but it is not unfounded, at most it can be regarded as a premium.

"Everyone, please listen to me."

The soldier pressed his hand, and his strong momentum and eyes made the representatives of various companies stop immediately.

Especially the managers of IDG Group.

He has learned this negotiation ability.

IDG wanted to buy a stake in ERV.In the end, it was a joint venture to form a United Technologies company. Now this company has a small name in the industry and has undertaken a number of confidential software projects for the US military.

"Our valuation, do you think it is overestimated? Please read this document. This is part of ERV's confidentiality. Please do not disclose it. We will announce it at an appropriate time."

Finished.

The soldier winked at a vice president.

The soldier began to distribute documents to representatives of various companies. After a while, the meeting room remembered the constant exclaims. The first thing that came into view was the overview of ERV's assets.

That long list.

The catalog of as many as thirty-five companies gave them a heartbeat. They were surprised not by the number of companies, because this had been investigated before, and there was nothing to be surprised.

They were surprised.

Behind this catalog, after the name of each company, a not low valuation is added, one or two billion less, and several billion more. Among them, the number one is ERV game company.

It is the only game "War of War" it operates.

The valuation is 20 billion U.S. dollars.

After pre-reading the third-quarter financial report, they felt that this was a conscience price, and there was no big talk. If according to the above, the after-tax profit of "Wars" in 2006 will exceed $1.8 billion.

Such a profit margin.

For a company that has only been established for more than a year.

It is not crazy.

The second place is the live broadcast software. This software was spun off from the game company and operated independently. Although the online time is short, its monthly profit has exceeded 20 million US dollars.

If it is on the right track, ERV estimates that its annual profit will not be less than 500 million U.S. dollars, so the company is valued at 8 billion U.S. dollars. Although it is a bit inflated, the prospects are good and not excessive.

As for the third-ranked United Technologies Corporation, a company cooperating with IDG, it was valued at 7 billion U.S. dollars. After reading the introduction, it seems..Not too crazy.

Because ERV counts the optimization algorithm.

In this company, after such a long cooperation, ERV authorized them to use this algorithm to optimize their games and programs, as well as other optimization projects, which can generate 100 million US dollars in profits every year.

Consider the value of the algorithm.

In addition, it has undertaken a large number of high-profit military projects...It's so cheating.

They find that their thinking is following the words.

They are here to lower the price, not to nod and give money. After reading it quickly, they suppressed the shock in their hearts. They prepared to "theoretical theory" with the soldiers. Unfortunately, the momentum was broken by the data, and it was difficult to repair.