Becoming a Russian Oligarch After Rebirth
Chapter 261: Lion Spreads its Jaws_1

Chapter 261: Chapter 261: Lion Spreads its Jaws_1

As for the arrangement of Yandex, Wang Ye certainly had plans in advance.

So in response to Volozh’s question, he calmly said, "After the company is privatized, I’ll invest a large amount of money to continue expanding the company’s scale."

On hearing this, a glimmer appeared in Volozh’s eyes, and he asked promptly, "Does this mean all the employees can be retained? In reality, among the staff who were laid off recently, some are quite talented. They were only let go because the company couldn’t afford the salary pressure."

Wang Ye chuckled, "If there are any employees you find valuable, you can bring them back. By the way, our next acquisition target is MAIL.RU. After acquiring it, we will merge the two companies into one, and this company will indisputably become the number one giant in the Russian Internet industry!"

With this, Volozh became even more interested.

He slapped the meeting table in excitement and said, "Yes! If we really could merge our two companies, then no company in Russia would be able to challenge us."

Obviously, these two companies are already among the top giants and are the only two Russian internet enterprises listed on Nasdaq.

Once they merge together, covering everything from portal to search - the two core Internet businesses, how could other companies even compete?!

Without exaggeration, after the merger, it would be the birth of a monolithic Internet company...

Wang Ye continued, "And you, you would become the technical director of the merged company! You would also get equity incentives, and every employee of the company will also get corresponding equity rewards. After the internet industry recuperates, we will go public again."

This is Wang Ye’s plan after acquiring the two companies.

The reason for privatization and delisting is that the current stock market has lost its financing function for the internet. So, while the share price is plummeting, why not buy back all the shares?

Then use his own money to develop the company and let the new company become the giant in the Russian Internet field!

After a few years, when the internet industry warms up and relists, it won’t just be a matter of a few million US dollars. Tens of billions may not be capped!

With solid capital, it could also minimize share dilution. Hence, when the company goes public again, the Polar Bear Investment company would make the most profit!

......

The negotiation process went extremely smoothly, Volozh hardly "resisted" and agreed to Wang Ye’s acquisition demands.

He didn’t have much of a choice. If he didn’t find a financier, the company would really have to start selling buildings to pay salaries...

Yandex’s current market value is only four million US dollars. Wang Ye planned to outbid with a premium of one and a half times, so he would privatize with six million US dollars, and Polar Bear Investment’s staff would assist Yandex to initiate the delisting process.

As it is listed on Nasdaq, the delisting process is relatively simple, especially at this point in time.

There are a bunch of internet companies going bankrupt or delisting every day, no one would care about a company from Russia.

Since the premium Wang Ye gave was quite high, there wouldn’t be any obstacles.

After full privatization, 100% of Yandex’s equity would belong to Polar Bear Investment.

However, Wang Ye was not stingy and planned to allocate 15% of the shares to establish an equity incentive pool for company executives and employees!

Executives and key employees who perform well would receive corresponding equity incentives. When the company goes public next time, they can cash out.

As for whether a large number of millionaires, multimillionaires, or even billionaires will be born by then, it depends on everyone’s efforts.

In addition, all existing management and employees of Yandex would be retained, and even the employees who were laid off earlier would be recalled.

Once the privatization process is completed, Polar Bear will inject another 50 million US dollars into Yandex to grow and strengthen the company!

After signing the contract, they pretty much nailed this deal.

There is still a lot of follow-up work to do, but those are not things that Wang Ye needs to worry about. Isn’t that what all the high-paid employees in the company are for?

......

Watching as the convoy pulled away, Volozh, with a radiant face, turned around and opened his arms to the other executives, shouting, "We’re saved!"

"Hooray!"

"Hooray~"

Suddenly, cheers rose up, everyone excitedly hugging each other, tears in their eyes...

This feeling is even more exciting than when they first went public!

Don’t think it’s too much. Honestly, without Wang Ye’s acquisition, how much longer could Yandex survive?

Is it three months or six months? No one knows...

Now not only the company is saved, but everyone also does not need to take a pay cut.

According to Mr. Mikhail, not only will the company not reduce wages, but it will also moderately increase them!

With the equity incentives, everyone’s future is looking bright!

This is like sending charcoal in snowy weather. It’s by no means an exaggeration to say it saved everyone’s lives!

......

Having taken over Yandex with ease, next came dealing with MAIL.RU.

The very next day, Wang Ye and his team arrived at the MAIL.RU Company.

However, in this company, Wang Ye encountered a real "opponent"!

"Mr. Mikhail, I am sorry, but our company can still hold on for a while. So we don’t want to delist, let alone be fully acquired. After the board has discussed, we only accept the financing plan of equity expansion. Moreover, the company’s valuation must be realistic. Based on the market value when the company was just listed, three hundred million US dollars. We can issue up to 20% more shares, and at least 10%." said Milna, the current helmsman of MAIL.RU, staring at Wang Ye.

Wang Ye frowned. This bald man in front of him was quite tough. He had refused even before hearing Wang Ye’s full offer.

Moreover, he was unaffected, and with an outstretched hand, proposed an equity expansion financing plan, but the company’s valuation was outrageous!

Did he see that Wang Ye had money and thus "opened the lion’s mouth"?

Wasn’t he afraid that his appetite was too big and he might overdo it?!

Since the other party "is not giving face", Wang Ye is not going to be polite anymore.

He smiled faintly, "Mr. Milna, are you still living in the year 2000? Are you completely oblivious of the current state of the global internet industry?"

Milna retorted without showing any weakness, "Indeed, the internet industry is not prosperous, but I firmly believe that it won’t take long for the industry to warm up and it will be more glorious than last year! In my opinion, the valuation of our company, three hundred million, is actually a bit too low! Because we own the biggest Russian portal website, have the most users, and the highest ad revenue!"

Those words, if stated last year, would not be wrong at all.

Because MAIL.RU is indeed the number one Russian internet company in terms of comprehensive strength.