Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 193 The B round of financing is completed

When night falls in New York, the prosperity of the big city is everywhere. The lights are twinkling and the lights are overflowing. Both the night sky and the buildings seem to have been swallowed up by this colorful city that never sleeps and cease to exist.

At night, the modern buildings of the Big Apple City are paved with gold, and the nightlife of this city begins to descend. For tourists, this is the most beautiful moment to experience New York, with lights, buildings, sunsets, and the city's atmosphere.

Combined with a unique charm that pervades the place, it is an extremely beautiful scene that makes people intoxicated.

The banquet halls of major hotels have concentrated the essence of this city that never sleeps. Countless dignitaries dressed in gorgeous costumes attend various dances and parties. The lavish nights symbolize the beauty of life. It seems that only in this way can they prove that they are the Big Apple.

The true guardian of the city, he used money and power to build a high wall for the city.

Yang Cheng is also one of them. No, in the small banquet hall of the Waldorf Astoria Hotel, the financing reception is in full swing...

"Did you talk to William IV about the equity transfer?" Yang Cheng pursed his lips at the tall figure and looked at the furious David Ellison with gloating.

David Ellison covered his forehead and uttered obscenities helplessly, "**, he is a piece of shit. Except for the name Hester, there is nothing valuable about him. I have never seen such an idiot.

No one, ever, I swear to Jesus Christ!"

Yang Cheng waved to the waiter carrying the wine tray, replaced him with a new glass of champagne, pointed in the direction of William who was chatting and said mysteriously, "Do you think he is a descendant of incest?"

"Haha, yes, Jason, the possibility is as high as 95%, **, a separate word for him should be created that is more idiotic than idiot." David Ellison was still indignant.

"Okay, let's be serious, what did you talk to him about?" Yang Cheng pulled Ellison away from William's possible sight and began to inquire about information.

"What else can I say? Of course I reported my family status, and then asked him to set a price for me to buy it. But this bitch actually said that our family is a nouveau riche and is not worthy of doing business with the noble Hearst family. If it weren't for the fear of ruining you

I even raised my fists and punched people in every situation, so that this son of a bitch could see the madness of the Ellison family!"

Listening to David Ellison's exaggerated description, Yang Cheng secretly complained in his heart, "Compared to crazy, the person named Ellison is really not as good as the person named Hearst."

But he echoed, "That's right, Ellison is the most crazy family in the universe, so~ you ended up breaking up on bad terms? You didn't even make an inquiry?"

David Ellison spread his hands in frustration, "That's right, damn William Hearst, I will make him look good sooner or later after returning to Los Angeles."

Yang Cheng rolled his eyes and said in his mind, "Trash snack!"

It seems that it is unrealistic to expect David Ellison to deal with William, and he has to take action himself.

"Okay, let's talk about this later. By the way, do you have any opinions on the valuation of Series B?" Yang Cheng asked while drinking champagne.

"Valuation? Oh god, your $20 billion is too high. It has exceeded my expectations. I think it is impossible for not only me but everyone in the audience to accept it, including Uncle Yang." David Ellison replied.

He lost his normal demeanor and was possessed by business elites.

Yang Cheng was helpless when he used his father as an example. This was why he was so surprised when he found out that his parents had also arrived at the scene before the show started. If Yang Sen didn't support this valuation, then who could accept it? Moreover,

Yang Cheng also knew that Ellison was right. His father came here on behalf of the board of directors of Yuanshan, so he had to make the best choice for Yuanshan. Business is business, and the relationship between father and son should not be involved.

"Then tell me the bottom line, what is the maximum cap line given by you or Uncle Larry?" Yang Cheng gave up arguing with David Ellison whether New Era Media was worth 20 billion and asked instead.

"Come on Jason, this is a trade secret, how can it be leaked so easily?" David Ellison said with a wink.

"** Off, you bastard, tell me quickly, or I won't let you play anymore!" Yang Cheng threatened silently.

"Okay, okay, don't worry? It's just a joke to liven up the atmosphere." David Ellison's blue eyes revealed deep contempt from the Aegean Sea, despising Yang Cheng for having no sense of humor.

But when Yang Cheng turned around and was about to leave, he immediately patted Yang Cheng on the shoulder playfully and said, "OK, I said it's not okay, Larry meant 16.5 billion US dollars, but I just talked to several Wall Street investors, and everyone still said

We are very optimistic about the prospects of Toutiao and generally believe that the true value of New Era Media should be around US$15 billion.

Of course, taking into account the premium, our relationship, and your upcoming acquisition of DreamWorks, I decided to raise the upper limit to US$17.2-17.5 billion. This is the limit. In this way, the US$1 billion I prepared can probably be divided

I will get about 5.5% of the shares, and when I find a way to get the 5% of the Hearst Group, this achievement will be enough to pay Larry a favor."

Yang Cheng stared at David Ellison in surprise. Seeing his sinister expression, he couldn't help but remind him, "David, although William IV is an idiot, his surname is Hearst. It will not do you any good to kill him."

.”

Who would have thought that David Ellison stared, "Who is going to kill him? I don't think my hands are dirty, don't worry, I just taught him a lesson, helped him understand the world, and handed over the shares at the same time."

"OK, it's up to you. I will announce the final financing plan later, and then sign a contract of intent. You want to chat with anyone? I won't entertain you." Yang Cheng patted Ellison on the shoulder and said.

"No problem, you go and do your work and don't worry about me."

Next, Yang Cheng had an in-depth conversation with representatives from major investment banks. Some reluctantly accepted the price of 20 billion, while others scorned it. Yang Cheng found that those supported were institutions that did not participate in the first round of financing.

On the contrary, for those companies that participated in Series A, the upper limit of the valuation they could accept was around 15 billion. The conflict between investors and management was infinitely magnified at this moment, which made Yang Cheng very embarrassed.

The reception has progressed so far, and the guests are considered to be in progress. However, the main task of the night has not yet been completed. Everyone has their own thoughts and has no time to taste the wine. Everyone's eyes are unconsciously drifting away from Yang Cheng's figure.

After sending away a group of investors who came to consult, Yang Cheng casually placed the empty wine glass on a side table, used the excuse to go to the bathroom to avoid the crowd, and found his mother and Xu Xian who had been hiding in the corner.

.

"Mom, Xiaoxian, what are you talking about? Have you been talking for so long?"

"When we talk about our women, why do we have to report to you, the big boss?" Liu Yun replied almost reflexively. Yang Cheng was choked and couldn't say a word. Xu Xian was very heartless on the side.

Covering her mouth and smiling softly, looking at her pretty red face, she thought it would be a good conversation.

"What, mom, why don't you go and watch dad? Be careful, he's drunk too much. I see a lot of little girls surrounding him!" Yang Cheng decisively diverted the flames of the war. Dad is the best scapegoat.

"He dares! Humph~" Sure enough, my mother was stimulated by Yang Cheng and rushed out with her wedding dress in hand.

When only Yang Cheng and Yang Cheng were left in the corner, Xu Xian leaned into Yang Cheng's arms and said with aggrieved eyes, "I can't stand anymore."

Yang Cheng hugged her waist in a funny way, "Just hold on for a while, and it will be over soon. My mother told you about getting married, right?"

Xu Xian fixed her hair and nodded slightly, "Auntie is very nice."

"Just get used to it. My mother has to talk to every girl she sees. Don't worry too much." Yang Cheng reminded her with a double entendre.

Xu Xian's face was very dull, perhaps because he was wearing contact lenses. His big, bright eyes were even more eye-catching under the reflection of the crystal chandelier.

"I know, you don't have to worry."

Yang Cheng nodded with regret and sighed, "Sigh... Actually you are a good marriage partner. It's a pity that you are not a prostitute, otherwise it would not be unacceptable to marry you home." In his heart, he said

It is still very traditional and somewhat perfectionistic. The woman who may spend the rest of his life with him must be completely his, otherwise he will not be able to get over the hurdle in his heart.

Xu Xian was stunned when he heard this, then bit his lip, his naturally drooping lotus arms tightened unconsciously, and his small hands clenched into fists, as if he had something to say, but in the end he kept it in his heart. Of course, Yang Cheng did not notice this scene.

"Can you do it yourself? If you can't hold on any longer, go to the lounge for a while. I'll come over to you when I'm done." Yang Cheng rubbed his big hand on Xu Xian's smooth arm and said.

"I can do it myself. Go and get busy. Don't let anyone wait." Xu Xian nodded obediently and stood up straight again while supporting Yang Cheng's arm.

The moment Yang Cheng turned around and left, a sad look flashed across Xu Xian's delicate and pretty face.

Afterwards, Yang Cheng did not delay any more and took the stage to announce that he had determined the valuation of New Era Media’s Series B financing at US$17.5 billion and expected to raise US$4 billion.

After the B round of financing, New Era Media introduced three new shareholders, namely Yuanshan Capital, Alibaba, and David Ellison. The three invested US$1 billion each to occupy 5.7% of the shares. In the first round,

Pershing Square, Hearst Group, and Morgan Stanley, who participated in the financing, chose to participate in the investment at the same proportion in order to ensure that their shareholdings were not diluted. Among them, Bill Ackman did not use the investment because he was dissatisfied with the valuation.

I didn't look good after I invested the money and signed the intention contract.

After the second round of financing, the equity structure of New Era Media has changed, as follows: Four Dimensional Space 52.8%, Pershing Square 10%, Georgina 8%, Ali Barba 5.7%, Yuanshan Capital 5.7%, David

Ellison 5.7%, Hearst Group 5%, Morgan Stanley 3%, and other small shareholders 4%, raising a total of US$4.35 billion. After dilution of shares, Yang Cheng still enjoys absolute control over New Era Media.

With the remittance of this fund, the success rate of acquiring DreamWorks will be greatly improved. Yang Cheng is satisfied with this. The remaining funds are enough to make headlines for a while. It is estimated that within half a year, Yang Cheng will no longer need to worry about funds.

Troubled.
Chapter completed!
Prev Index    Favorite Next