I Know Everything - Chapter 602
Chapter 602: Wang Zhen is worth 500 million dollars!
Previously, there were consulting companies and investment banks that valued Pomelo’s at 3 billion USD.
But no one was stupid enough to buy a company whose market value shot up in just two months.
2 billion was already a sign of sincerity.
So the senior executive of Pomelo all thought it was an interesting offer.
“Since everyone feels pretty about it, which choice do you think we should make?” Jiang Zhenkun asked.
“I actually prefer we go public on our own so everyone can cash out some while tightly controlling the equity we have as the founders.” Zhang Pingdong said with seriousness, “But it seems the opportunity for us to develop silently is gone.”
“Why do you say that?” CFO Wu Caifu asked.
“Why? Isn’t it because of Shanhai Streaming?” Deng Xia sighed, “We snatched food from the mouth of the tiger and offended the queen. Our future endeavor will be suppressed by Shanhai Streaming in the future so how can our Pomelo withstand a giant like Shanhai Streaming?”
“She can’t be that petty?” Wu Caifu was in disbelief, “Isn’t very generous to Chu Liuxiang and Lu Xiaofeng? With 100 million yuan after 100 million yuan in bonus, many talents want to go to her now.”
“Haha, how many Lu Xiaofeng and Chu Liuxiang there are in the world?” Deng Xia asked.
Wu Caifu became speechless.
Jiang Zhenkun spoke up, “Sister Xia is right. You should think of Zheng Rongrong like Wu Zetian. The empress had always been ruthless and would take care of those who are useful to her.”
“You’re just seeing Chu Liuxiang and Lu Xiaofeng but why don’t you look at Meteor Girls? Their contract clauses are crazy and even if they make a lot of money now, it doesn’t change the situation much. It’s very hard to work for a boss like that.”
Zhang Pingdong also got invested in this, “Boss, Shanhai Streaming acquisition offer didn’t come?”
“No.” Jiang Zhenkun didn’t know whether to laugh or cry, “This is why I’m nervous since this proves that they don’t have any good intentions toward us! The NBA finals are about to start and our rise is about to end so if we don’t find a backer, wouldn’t we have to bear the anger of Shanhai Streaming alone?”
At this moment, even Wu Caifu thought Jiang Zhenkun had the right idea.
“I actually prefer Wheat Holding.” Dieng Xia said, “Zhang Jun is a very respectful man and doesn’t have the habit of burning bridges so working with him will feel better.”
“I have the same mind but shame he won’t let us retain some shares.” Jiang Zhenkun sighed, “But now that we think about it, the majority of the shares would be owned by someone else so it doesn’t mean much if we keep some shares but I would always feel uncomfortable about it.”
“Haha, our shares are pretty trivial, you’re the one who will take the hardest, right?” Zhang Pingdong laughed.
Pomelo was never raised for money and solely relied on their own venture capital as well as income or even loan to sustain themselves.
Like when they paid 30 million dollars, they used their equity to get the money from a financial institute.
Otherwise, with the size of their company, it was impossible to have 200 million yuan in liquid.
Jiang Zhenkun held 70% of all the shares in Pomelo with the three vice-presidents holding 5% each and the remaining 15% held by various middle level employees.
This type of shares made many of the elite personnel feel reluctant to leave the company, which allowed them to maintain the backbone of the company as they slowly developed.
If the company was acquired, those who held 0.5%, 1% or 2% wouldn’t be sad but on the contrary happy that they would be able to cash out and improve their life drastically.
But it was harder for Jiang Zhenkun who held 70% of the shares.
He would be emptied of all his shares and they could easily replace the management, especially him.
The more technical staff were hard to find but was it hard to seek a manager?
They only needed a technical team and operating team to keep stability in Pomelo.
However, it would be better if he had 10 or 20% shares on him but his words still wouldn’t have that much weight since the majority of the shares would be owned by another party.
At most, it would be him waiting for the shares to increase in value so he could sell it in the future.
“We’ll talk about my shares later.” Jiang Zhenkun waved his hands, “What do you guys think of the Yanhuang Group?”
“They are outsiders of the industry and don’t understand streaming platforms so it’s hard to imagine they won’t be interfering in our operations.” Deng Xia directly refused them, “For those types of people, I think it’s very probable they are going to replace us internally in a year or two and force us to quit our jobs…things like that happened more than once or twice.”
“Hmm, I think so too.” Zhang Pingdong said.
“Then it seems we are choosing Beidou Holdings?” Wu Caifu frowned, “Yu Zitao is also very overbearing and less easy to talk to compared to Zhang Jun.”
“But compared to the Yanhuang Group, Yu Zitao keep his words.” Jiang Zhenkun affirmed, “They bought many companies in the past few years but I hadn’t heard anyone say he went back on his words.”
“Right, in comparison, I think Beidou Holding is a good choice.” Deng Xia smiled, “I think I’ll leave 1% as a guarantee for my children!”
She had two children and 1% was actually worth 140 million Yuan, which was enough for normal people to live comfortably.
“The money is too low.” Jiang Zhenkun smiled, “Although Beidou Holding is a good choice, their valuation of Pomelo is still too low and we can raise the asking price.”
“We can get more?” Wu Caifu asked, “We just have a few games remaining, aren’t you playing with fire, boss?”
“We can bargain due to the competitions.” Jiang Zhenkun continued to smile, “Their offer is for us now but we still have a big advantage that no one else has!”
“What advantage?” Deng Xia asked in confusion.
“Wang Zhen!” Jiang Zhenkun instantly replied, “We not only have the most popular female host on the internet right now but Wang Zhen also had a close relationship with Chen Huan.”
“Even if Pomelo won’t be able to get the rights for the NBA in the future, are we afraid of not getting stream of news from Chen Huan with Wang Zhen there? Do we have to be afraid of not getting close to him? Do the fans prefer the NBA or Chen Huan?”
“Besides, Chen Huan isn’t only the Prince of Basketball but also a great mathematician, the most renowned songwriter and creator of great variety shows. As long as we hold on to him, wouldn’t we have a chance to surpass Shanhai Streaming?”
“Right!” Zhang Pingdong clapped, “It’s not only Teacher Lu, Teacher Chu is his good friend so we can contact Teacher Chu!”
Wu Caifu also got excited, “If there’s a script from Teacher Chu and even if it’s only half as good as ‘Princess Returning Pearl’, we’ll fly up!”
Now, if the TV and Film industry admired Teacher Chu Liuxiang, then video streaming platforms practically worshipped him.
‘Princess Returning Pearl’ was like god descending to earth and could get great TV and streaming ratings, wasn’t that only relying on Teacher Chu’s script?
It was rumored that Teacher Chu gave Shanhai Streaming another TV series that was based on crime.
The TV and Films industries had their doubts on it but the video streaming platform had long acknowledged that it would definitely be successful, this was their belief in Teacher Chu!
Even a CFO like Wu Caifu worshipped and believed in Teacher Chu, let alone the other people in the video streaming industry.
“So they didn’t take into account our big advantage so their valuation is too low.” Jiang Zhenkun said, “I’ll now ask them to reconsider their offer and at least add 500 million USD to it!”
Jiang Zhenkun then affirmed confidently, “Wang Zhen is worth 500 million USD!”
“If that’s the case, can we even keep her?” Deng Xia thought of a point, “Since she’s so important, she can be poached away and we’ll have to cry.”
“Don’t worry, I already talked with her and a new contract has been signed.” Jiang Zhenkun assured, “I not only gave her better conditions and more autonomy but also something she couldn’t refuse.”
“Shares?” Wu Caifu asked uncertainty.
“Smart!” Jiang Zhenkun laughed, “I gave her 1% and with so many benefits given, wouldn’t it be normal for her to resign with us for another ten years?”
“After ten years, she would be 37 years old and her golden years would’ve been spent with us so we don’t have to worry about after that.” Zhang Pingdong said in satisfaction.
“We can reevaluate the situation then!” Jiang Zhenkun said, “What if she became one of the Ms. Chen?”
“Haha, she’s nine years older than Chen Huan, how could Chen Huan marry her?” Deng Xia didn’t believe it, “Are there a lack of outstanding girls around Chen Huan? Not mentioning anything and just the ‘Meteor Girls’, wasn’t there a scandal involving them? Men love teen girls!”
“Not necessarily…” Wu Caifu tried to rebut..
Jiang Zhenkun and Zhang Pingdong gave a knowing smile.
How can a woman understand men?
The more ripe, the more charm there was!