I Know Everything - Chapter 601
TLN: Finally, I finished importing the 600 chapters to the website and can now further update the novel. The new chapters will be uploading on this website and I believe it will be a better reading experience since it’s a more polished website. Anyways, thanks for the wait. And you can also join the site’s discord if you want to be updated or ask question about the novel. https://discord.gg/DppunhQ
Chapter 601: Acquisition offer.
Adidas benefited a lot.
The result was their stock value increased by 12% in two weeks.
In terms of monetary value, it had risen up by 2 billion USD!
However, Dougen felt a bit empty because he knew that Adidas’ stock would plummet a lot the moment Chen Huan announced he would stop playing in the NBA.
Only by taking advantage of this moment to earn a lot of money early with great performance would their stock value become normal.
Actually, the value of the stock wasn’t that important to Adidas as they had good performance and a lot of cash flow so they could do many things.
Otherwise, how could they compete with Nike in various industries even when their value was one-fifth of them?
However, Dougen still felt distressed about the fact that a money printing machine like Chen Huan would lose its value in a few months.
If it wasn’t because Chen Huan left the NBA because he wanted to go to school, Adidas would give him a salary just to have him stay in the league.
Apart from Adidas, the other company who had been in the limelight was obviously Pomelo..
The attention of Pomelo reached its peak after Chen Huan qualified for the NBA Finals after sweeping the Golden State Warriors 4:0.
Because everyone knew this was likely the moment when a Chinese player led an NBA team to a championship win.
This was akin to the Chinese National Team winning the World Cup!
With such a bright future ahead, how could Pomelo who was the sole broadcast partner of the Lakers and the media who could interview Chen Huan as well as publish news on him not be the center of attention?
Especially when their contents were different from CCTV, which made the fans swarm in.
During the fourth game of the Western Conference Finals, the peak viewership reached 160 million with the average 100 million viewers, nobody had done this number except for Shanhai Streaming’s ‘Princess Returning Pearl’.
Even TV stations didn’t have great results like that.
At this moment, Pomelo had the greatest teenager across all entertainment.
They had 400 million registered members and this number was among the 1.5 billion Chinese people, which was very high.
Another thing was there were many Asians users from other countries that came to register an account with various means to watch the Lakers games.
However, that number wasn’t high and was only around 5 million so the Lakers turned a blind eye.
President Jiang Zhenkun, the initiator of this, leisurely sat in his office as he listened to the report.
“We are the 30th and the finals start at the 2nd, we must finish with the advertisement deal today boss!” Deng Xia, the director in charge of advertisement and promotion, angrily said, “You are dragging things out, what are you trying to do?”
Pomelo was small so everyone was there from the beginning and Deng Xia was a woman so it was fine if she was a bit direct.
“Haha, didn’t I call you over so we can decide?” Jiang Zhenkun laughed, “Who is giving the better offer?”
“It’s definitely Nike!” Deng Xia said instantly, “They lost out with the endorsement so they mustn’t lose to Adidas on this so they offered 15 million for the finals. If it’s only four games, it’ll be nearly four million dollars for each game.”
“But…” Jiang Zhenkun was uncertain, “Adidas only offered 12 million but they have a partnership with Chen Huan, wouldn’t it affect our future if we choose Nike?”
“We can’t even take care of now so how can we care about the future?” Deng Xia said, “How many years have we lost? We finally have an opportunity to make money, we must take it! Do you think that Chen Huan’s broadcasting rights will still be in our hands in the future? Will Shanhai Streaming give you this opportunity again?”
After this, the vice president Zhang Pingdong, who hadn’t spoken until now, couldn’t help but laugh, “That’s impossible. I heard the queen from Shanhai Streaming went into a rage multiple times so there’s no chance for us in the future. Who can compare to Shanhai Streaming in term of throwing money?”
Jiang Zhenkun nodded his head as he listened, “Okay, let’s go with Nike! Tell them they will get the spot!”
“Alright!”
Deng Xia went out to make the call.
With that, Pomelo revenue from advertisement alone reached 30 million dollars, which earned back the money they put out for the rights.
This didn’t include the other type of advertisement as those all added together would be 150 million yuan but the overall benefit to Pomelo wasn’t only the money.
The biggest benefit was Pomelo broke out of his shackles of being the second-tier video streaming platform to a first-tier video streaming platform.
After all, they had 400 million registered users and with daily activity from 60 million users so it definitely surpassed the second-tier streaming platform.
After Deng Xia came back, Jiang Zhenkun said, “I actually have something else to discuss with you two.”
“What else? Spit it out!” Deng Xia looked at the time and said, “Nike’s representative comes in half an hour, they’re very anxious.”
Jiang Zhenkun smiled, “It’s about the acquisition offers from different companies.”
“Acquisition offers?”
Deng Xia, Zhang Pingdong and a silent middle aged man, CFO Wu Caifu, were all surprised.
They were all having heated discussions about the value of Pomelo but the acquisition was limited to rumors but they didn’t expect the real deal to show up.
“Right.” Jiang Zhenkun said, “Multiple companies have reached out to me recently and their offers are good. However, I picked three companies among them since I think they are the best of them so I wanted to get your opinions on this.”
After a slight pause, Jiang Zhenkun gave a more detailed description.
“The first one is Wheat Holding. The offer they gave was the valuation of 1.8 billion USD and they will buy all of it. all the executive employees will be maintained with salaries doubled and a five year contract.”
“The second offer is from Yanhuang Group. They made a bigger offer, 2 billion USD, and also wish to wholly acquire us. Our senior executive will have a three year contract with big bonuses as for us, it won’t be less than 100 to 200 million yuan.”
“The third is Beidou Holding, which also valued our company at 2 billion USD but they don’t want to get all the shares and will allow us to retain at least 20% of it, which would allow us to retain some protection. They would also give a five years contract with the contract unchanged and the executive will also have bonuses.”
“Haha, the offers are all good.” Zhang Pingdong was the first to speak.
“Right, if we cash out, won’t I become a wealthy lady with 500 million yuan?” Deng Xia also laughed.
“What a tempting offer.” Wu Caifu said, “Such a price is indeed worthy of our Pomelo.”
Everyone was satisfied by the offer of 2 billion USD for Pomelo.
After all, Pomelo was valued at 1 billion USD just two months ago.
Who wouldn’t be pleased that the company doubled in value in just two months?
They were old timers of the industry and knew that the valuation was often false.
Only the price that was really paid was valuable!