Chapter 854

  In order to avoid long nights and dreams, Xia Jingxing gave an order the day after making the acquisition decision to immediately set up an acquisition team within Hainet.com, which was very vigorous and vigorous!

  This is the case for startups. If you run slower, you will fall behind step by step.

  While collecting the target materials, the acquisition team is also rushing to apply for visas to South Korea, which may take a few working days to complete.

  In addition, after receiving the instruction from the Hong Kong office of Envision Capital, Li Yaozu led the team and led several employees with experience in cross-border acquisitions to the capital. These people will join the acquisition team to help Hainei.com complete two overseas acquisitions.

  Hainai.com does not have its own investment department at this time, and those who are going to send to South Korea are also some talents related to game development and operation. Therefore, the acquisition is quite dependent on the assistance of professional financial professionals.

  Before going to South Korea, the two parties held a meeting in the conference room of Hainei.com. Xia Jingxing also participated and gave some guidance.

   "I don't have too many requests, there are only three in total, please remember."

  Li Yaozu, Wu Yimin and seven or eight employees watched Xia Jingxing sitting at the head of the chairperson’s table, and Huang Xin, as the company’s CEO, also attended the audience.

   "The first, the acquisition can only succeed, not fail!"

  Xia Jing's jargon changed, "But at the same time, it can't be slaughtered by the Koreans as a big fat pig. Neither Smankai nor Neople are big game manufacturers, and there is not much room for premiums.

As early as in front of us, in 2004, Shanda purchased approximately 29% of the shares of ActozSoft from some shareholders of ActozSoft with US$91.7 million in cash, and obtained the controlling rights of the company, thus controlling half of the "Legend" at the source. copyright. "

  The reason why Xia Jingxing is so decisive to acquire the two companies is to completely eliminate the possibility of Korean game companies from taking advantage of the domestic network from the source.

Chen Tianqiao got the agency rights of "Legend" at a price of 300,000 U.S. dollars, but as the game became popular, the Korean Lions opened their mouths, greatly increased agency fees and also demanded to change the method of accounting, otherwise they would change the agency, and there would be a large number of outsiders. The jealous Chinese company lined up for the agent.

  Frustrated, Shanda signed the two-year agency rights of "Legend" at a price of 40 million US dollars, and then acquired Atox, intending to control this cornucopia.

  However, the copyright of "Legend" is in the hands of the two companies, and the other half of the copyright belongs to the developer's entertainment virtues.

  This company used to be a subsidiary of Atox. Later, Yumeide repurchased the equity held by the parent company Atox, which is equivalent to a complete removal of the company. The copyright of "Legend" is divided into two.

Then, the show operation came, and Yumeide continued to grant the copyright of "Legend" to Chinese game companies. All the "playing blue moon" and "brothers come and cut me" were all authorized by genuine copyright, but this copyright dispute was very serious. .

Shanda and its subsidiary Altos have fought entertainment virtues for nearly two decades. From online games to web games to end games, they also involved nearly a hundred companies such as Kaiying.com and hundreds of "various legends". , A chaotic battle.

  Until Xia Jingxing's rebirth, the tearing did not end. Brother Tianqiao sold his clean assets to the United States to enjoy his fortune, but Shengqu after Shanda’s name change, as well as the parent company Century Huatong, was still fighting for copyright with Yumeide.

As a well-known game IP, "Legend" has been operated by Shanda for 20 years, and it has long been a memory of a generation. The game boy of the former Internet cafe has become a contractor, a big brother of a small town with a big gold chain and a small watch, and he is regaining his youth. In the end, the eldest brother has never been unambiguous when he spends the money.

  No matter how bad the game is, you have to recharge the word "Legend".

  Because of this, the IP value of the legend has always been unclean.

  The Korean manufacturer Yumei De has long since fallen into a declining game company that can’t produce works, but half of the "Legend" copyright in his hands is a big gold mine, so the Koreans simply become patent thugs.

  Domestic web-based game companies see profit, no matter what patent disputes they do, they’re done!

  A lot of Chinese game companies, just like this, are being played around by the entertainment virtues.

  The reason why Penguin buys game companies everywhere is purely to control copyright, because good games are still valuable for ten or twenty years, and the games they represent are on the rise, so you don’t have to worry about being pinched.

  Why is Penguin, as the world's largest game company, unable to produce good works? Because Penguin’s acquisition was not at the beginning to strengthen its own research and development capabilities, and only one purpose-copyright.

  Xia Jingxing’s previous life has seen the benefits of DNF and CF to South Korean developers. Over the past ten years, the share of revenue brought by a single game to South Korea has all been as high as tens of billions of dollars.

  NCsoft boss Kim Taek-chen, Semankai boss Kwon Hye-bin, and Nexon boss Kim Jong-woo have all entered the top ten richest people in South Korea, with net worth ranging from several billion U.S. dollars to 10 billion U.S. dollars, comparable to chaebols.

  Especially Smankai, which has developed a game of "Crossing the Line of Fire" under its umbrella, and relying on the Chinese market to support the owner's worth of billions of dollars.

  When Penguin wants to acquire, the valuation of the game company is already sky-high.

  Xia Jingxing pointed out a second finger, "Second, the development team must be stabilized after the acquisition, especially "Cross Fire", which has not been fully developed yet, and the game must be formed."

  Li Yaozu nodded: "Mr. Xia, don't worry, this article will definitely be written in the acquisition agreement, and the payment for the equity acquisition will also be paid in batches. I am not afraid of Koreans playing tricks."

Wu Yimin said: "I heard that South Korean companies have a very serious situation of superiors and inferior rankings, and equity incentives are also very stingy. We can consider these two aspects to give employees fair promotion opportunities, a relaxed working environment, and generous Salary package and so on."

  Xia Jingxing nodded slightly. The two acquisitions are very important. If it is not for the wrong status, he would like to go to Korea in person.

  He continued: “Article 3, you must be careful about copyright issues, especially “Cross Fire”. As a Korean publisher, Neowiz participated in the development of this game.

  We must obtain the copyright of this game in its entirety. If necessary, we can talk to Neowiz again. If they have any agreement with Semankai involving subsequent development, it must be terminated. All rights and interests related to the future must be held in our hands 100%, and all uncontrollable factors must be stifled. "

  Wu Yimin feels that the boss is too careful, how confident he is in these two games!

  But this kind of thing should not be said as a subordinate.

   Therefore, he preached against his will: "Mr. Xia, you are right. When it comes to overseas acquisitions, we are unfamiliar with each other. We must be careful."

  Xia Jingxing smiled: "Yes, so I specially hired Goldman Sachs Korea office as the consultant for these two acquisitions. They will assist you in completing this acquisition."

  Hearing this, Wu Yimin felt more relieved. First, Vision Capital participated. Now that the boss has even invited Goldman Sachs, it should be foolproof.

   "Okay, hurry up and make preparations. In a few days, when the visa is issued, let's go to South Korea! It may be hard for everyone to spend this Spring Festival in South Korea."

  Xia Jingxing smiled at the sitting acquisition team members, and said, “When everyone returns in triumph, I will organize a celebration banquet for everyone.”

  Wu Yimin smiled and said: "Then, on behalf of everyone, thank Mr. Xia! This is actually what we should do, start a business, how can we not go all out."

Xia Jingxing smiled: "In short, it's still hard work, everyone! It's not easy to go out. The company has prepared sufficient travel expenses and festive red envelopes for everyone. When we come back, we will discuss merits and rewards, and at the same time make up for the fakes. "

  The words of the big boss dissipated the original complaints of the acquisition team. As long as the money is enough, this year will not be enough.

  Xia Jingxing also didn't want to start the Chinese New Year, but if he was preempted by Penguin, he would be sad for the coming years.

After the meeting ended, Xia Jing walked out of the meeting room, and Huang Xin, who had not said a word, caught up with him.

  "Daren, let’s not talk about a small company like Shimankai, but Neople is a medium-sized company, and has the popular game "Dungeon and Warriors" in his hands. The purchase price will certainly not be low.

  Now we have only more than 100 million U.S. dollars in cash reserves on our account, I am worried that it is not enough! "

  Xia Jingxing didn’t answer. He took Huang Xin to his office and asked the latter to sit down before repliing, “How about another round of financing?”

  Huang Xin shook his head: "A few months ago, we only raised 150 million U.S. dollars. Now we want to raise several hundred million U.S. dollars. It is estimated to be difficult.

  Moreover, our business has not yet ushered in another explosion, valuation is not easy to discuss, shareholders will certainly have opinions. "

  Xia Jingxing groaned. The current valuation of Hainei.com is only 1.5 billion U.S. dollars. The valuation of the two game targets is uncertain, but it is estimated that at least two to three billion U.S. dollars will be required.

  In this case, the common practice in the industry is equity mergers and acquisitions, by issuing additional shares of Hainei.com to acquire two game companies, or only acquiring part of the equity of two game companies to obtain a controlling position.

Not to mention whether the two game companies are willing to accept such a plan, Xia Jingxing himself is not willing.

  He felt that Huang Xin was right. For the volume of the domestic network, the two acquisitions are very significant, and shareholders must have different opinions on this.

   temporarily pressed down on the thoughts in his mind, and asked: "Do you have any comments?"

  Huang Xin said indifferently: “Let’s hold a board of directors, first look at the opinions of the shareholders before making a decision.”

  Xia Jingxing was silent for a few seconds, and then said: "Also, it is time to ventilate with everyone."

  (End of this chapter)