Chapter 1986 Surprised or not?
The proposal of Shuimu Guanghua to acquire Zhan Xun that Li Rui had seen in Tan Song's office was actually a copy of the project information report submitted to the Development and Reform Association.
Before approving Shuimu Guanghua's intention to acquire Zhanxun, the Development and Reform Association solicited feedback from the Information Industry Association. When the opinions obtained were denied, it did not issue a small path for Shuimu Guanghua, breaking Shuimu Guanghua's thoughts from the root.
This is why Xingrui did not encounter any major obstacles when acquiring Zhan Xun, because Shuimu Guanghua was actually not qualified to become a competitor of Xingrui, except for secretly contacting several shareholders.
When Xingrui officially started to acquire Zhan Xun, Tan Song had already helped to get the small road strip.
This is the different treatment.
The last time when Xingrui collided head-on by Shuimu Guanghua, the Information Industry Association must have completely leaned towards Xingrui's side, because Xingrui represents the hope of domestic integrated circuits.
This time the situation is different. When Pudong Ketou submitted project information before, the Development and Reform Association approved Pudong Ketou's acquisition project after soliciting opinions from the Information Industry Association and receiving a positive response.
Pudong Ketou took the small road strip without much effort and officially started acquisition negotiations with Ruidike.
Although there are no explicit regulations, the Development and Reform Association generally does not issue two roads for the same project at the same time. Pudong Ketou believes that it has obtained insurance and the acquisition offer issued is also full of confidence.
The first offer they gave was $10 mg per share, with a total price of $515 million.
To be honest, this price is a bit low.
Ruidiko responded quickly and hired professional financial and legal counsel to evaluate Pudong Ketou's acquisition offer, and was preparing to begin accepting quotes from other potential acquirers in accordance with the legal requirements of maximizing shareholder interests.
Before Ruidike could throw out the hydrangea, Li Rui first came to the Information Industry Association, and Tan Song and others were so surprised.
After all, Xingrui just acquired the second-in-command Zhan Xun, which took some time to integrate and digest. The second acquisition will be started so soon. The third-in-command is still the third-in-command, and the appetite is indeed a bit too big!
Tan Song shook his head helplessly and said, "Chunxiao, please explain it to Li Rui."
Pan Chunxiao took Pudong Ketou to the small road strip and was already in contact with Ruidike. Finally, he said: "Li Rui, I don't know whether you got the news from Ruidike or where. The current situation is that Pudong Ketou has already taken the lead, and Xingrui has little chance."
Not only Pan Chunxiao said that Li Rui really didn't know the existence of Pudong Ketou. His understanding of Ruidike was limited to the crazy acquisition of Shuimu Guanghua that he had seen in his previous life. All he learned was superficial news, but the specific details were not clear.
This is strange. Since Pu Dongke got the small road strip first, how could Shuimu Guanghua intercept the bell in his previous life?
Li Rui was thinking, and then Tan Song said, "Why do you want to acquire Ruidike?"
Li Rui said: "The answer is very simple. These two companies were originally competitors, but compared with real foreign competitors, they are too weak. Only when they unite can they have the opportunity to become bigger and stronger and give full play to the advantages of industrial integration."
This answer made Tan Song's eyes lit up, and Pan Chunxiao and Guan Donglin also showed a thoughtful look.
The country's determination to promote the integrated circuit industry is firm, and the core of the policy is to integrate advantageous resources and make a group of competitive enterprises bigger and stronger.
Li Rui's words just meet the needs of national policies.
Tan Song said: "You can tell me in detail."
Li Rui said: "Zhanxun and Ruidike are both very excellent local integrated circuit design companies and are also major players in the fiercely competitive mobile phone chip field. In the past few years, the two companies have fought several fierce price wars to compete for the market share in the low-end market, and the result is both defeated. Such irrational competition will only lead to mutual killing and will not benefit the development of the company. Whether Zhanxun or Ruidike is too far away from global leading companies such as Qualcomm and MediaTek, what they need to do is not competition, but alliance. I think integrating the two resources into one is the best way to break through the current dilemma and catch up with Qualcomm and MediaTek!"
Guandonglin interrupted: "Your idea is exactly the opposite of Pudong Ketou. Instead, they believe that competition among enterprises is conducive to industrial development. For example, Huawei and Xiaxing in the telecommunications field, Ali and Jingdong in the e-commerce field can only form a benign and fair market environment and enhance the combat effectiveness of enterprises."
Li Rui sighed and said, "Pudong Ketou's idea cannot be said to be wrong, but it must be a competition between the strong. The competition between the weak will only make the weak weaker and farther away from the strong. Let me give you an example. Last year, MediaTek just acquired another famous chip manufacturer, Chenxing, and immediately disbanded Chenxing's mobile phone department after the acquisition. What is the purpose? It is not to enhance its strength, but to reduce competitors, and concentrate on confronting Qualcomm!"
"Integrated circuit industry will inevitably become an industry that is dominant in the future, and others can only pick up leftovers. If we want to develop rapidly, we must give up the idea of being big and complete, but focus on building a super company so that we can have the hope of competing with Qualcomm and MediaTek!"
Tan Song pondered: "You mean that the idea of comprehensive development is not advisable?"
"Not desirable, because Qualcomm is too strong! Take MediaTek as an example. Although the acquisition of Morningstar solved its worries, MediaTek has also developed smoothly in the past two years, compared with Qualcomm, MediaTek is still in a catching up role. Last year, MediaTek's revenue was 4 billion magnesium, and it was still beaten by Qualcomm. Even after the merger, Zhan Xun and Ruidike's total revenue will not exceed US$1.5 billion. The gap is too big! Being dumped by their opponents so far, talking about the competition between each other is a bit like when facing a tiger, the two dogs are still biting and fighting for the boss, which is ridiculous!" Li Rui said.
This metaphor is a bit insulting Zhan Xun and Ruidiko, but it is very vivid and you can understand it at first.
Tan Song sighed lightly, probably also recognized Li Rui's metaphor.
Li Rui continued: "I have another reason."
"You said." Tan Song said seriously.
Li Rui said: "The two technologies can complement each other. Zhanxun's strength lies in the baseband, while Ruidike has a leading technological advantage in the RF field. If it can be integrated together, it will be of great significance to us mastering core technologies, controlling information security, and building an industrial chain!"
After a pause, Li Rui said: "There is another reason that cannot be said, which may coincide with Pudong Ketou."
"Oh, what do you mean?" Tan Song asked with interest.
Li Rui smiled and said, "I can guess why Pudong Ketou targets Ruidike. It should be to promote the development of Haizhou's local integrated circuit industry... Don't forget that Xingrui is also a Haizhou enterprise. If Ruidike gives it to Xingrui, it will be considered as a fatty and unswerving land for outsiders. So even if Pudong Ketou fails to bid, there will be no loss."
Tan Song smiled and said, "Haizhou has asked me for Pudong Ketou before, and I hope I will give you a green light. If you really want to participate in the competition, you can coordinate the relationship between Haizhou yourself!"
Chapter completed!