Becoming a Russian Oligarch After Rebirth
Chapter 262 Threatening You_1

Chapter 262: Chapter 262 Threatening You_1

Seeing that Milna was still putting up a resistance, Wang Ye had no patience left.

He leaned back in his chair and said with a smile, "Mr. Milna may not know this, but we have already acquired Yandex in its entirety!"

Milna was stunned; he really didn’t know about this.

It was not surprising though. Wang Ye had moved so swiftly to acquire Yandex, completing the deal in just one day.

This had happened yesterday, and the news had not spread yet. Naturally, Milna was in the dark.

"Acquired Yandex? When did this happen? Why didn’t I know about it?" Milna blurted out.

"Just yesterday. I have reached an agreement with Mr. Volozh. The Polar Bear Investment Company will finance the private buyout of Yandex, leading to its delisting," replied Wang Ye with a smile.

Milna furrowed his brows, considering just how much influence this development would bear on today’s negotiations!

Although he put on a hard front, Milna was not exempt from financial needs, nor did he want to run off Wang Ye.

Doing business was all about one party setting a price and the other paying it after all.

Everything was negotiable...

"So... why does Mr. Mikhail want to acquire our MAIL.RU Company? After all, you already have Yandex," he asked tentatively.

"Because I want to merge your two companies and establish a real dominator in the Russian Internet market!" replied Wang Ye candidly.

He didn’t bother to beat around the bush and disclosed his intentions outright.

Milna smirked, his face a mix of surprise and mockery...

After giving it some thought, he said, "Hmm... interesting idea. I don’t know how much you spent acquiring Yandex, but our company is not the same as Yandex. They have started general layoffs due to financial strain. But we at MAIL.RU are different. We still have a considerable sum in our accounts, enough to sustain us for over a year."

It must be said, Milna was indeed better at managing a company than Volozh. His company’s overall financial health is also slightly better.

At the very least, they’ve not started massive layoffs yet.

But it was said that they have already started salary cuts internally...

...

Seeing that the bald man was unmoved and persisted in his defiance, Wang Ye grew impatient.

He is now busy dealing with numerous issues. He did not have the time nor energy to "waste" on a minor acquisition like this.

Truth be told, whether he can acquire MAIL.RU or not wasn’t a major concern to him.

Don’t forget that the year is 2001!

The internet is still in its early stages of development, plus with the dotcom bubble burst, there are a handful of high-quality companies waiting for him to acquire.

A company like MAIL.RU is dispensable to him!

In fact, with his financial support, Yandex will be able to overwhelm MAIL.RU in no time.

By then, it will be Milna who will be pleading for him to acquire the company...

"Last offer, 1.5 times the market value for a full acquisition of MAIL.RU. After the acquisition, I will set aside 15% of the company shares to establish an equity incentive pool. The existing executives and key employees will have the opportunity to receive equity incentives. Moreover, I will inject no less than 50 million US dollars to aid the company’s continued growth and expansion. Oh, and the two companies will merge."

Wang Ye stated plainly.

Milna’s face changed from grim to joyous, and after a long haziness, he finally said, "What if we don’t accept?"

"That’s simple. In a year’s time at most, MAIL.RU will cease to exist. Because anything you can do, Yandex will also do, and do it better. The funds originally intended for your company will all be invested in Yandex to compete with you."

What Wang Ye said was nothing short of a threat!

But he definitely had the qualification to say that, because he had the money!

Think about it, on one side there’s financial tension, employees all taking salary cuts just to keep the company afloat.

On the other hand, the company can secure hundreds of millions of dollars or even more in funding. The company itself has a strong foundation, along with a "secret weapon" — the search engine!

If Yandex really decided to become a portal website, it really could compete against MAIL.RU...

Trapped on the inside and out, MAIL.RU probably wouldn’t last a year!

"You... you’re threatening me?" Milna was rather infuriated.

"You can interpret it that way," replied Wang Ye indifferently.

Milna was somewhat taken aback.

However, that was the disparity in power. Even though Wang Ye was threatening him, he had no capacity to fight back.

"Could you give me some time? I need to discuss this with the other members of the board of directors," Milna said with a bitter smile, his attitude softening.

"You have three days! I want to hear the final response within three days," stated Wang Ye bluntly.

With a bitter face, Milna reluctantly nodded.

...

The "big stick" had already been swung. Now it was time to offer a "sweet date".

Wang Ye changed the topic with a smile, "I’ve long heard of how Mr. Milna is an expert at managing a company, especially in the area of finance. Your company and Yandex went public at the same time, and the fundraising sums were comparable. However, their financial chain broke while you are able to persist for another year, without having to lay off employees. That’s truly commendable."

Upon hearing this, Milna’s face lit up with a faint smile.

He modestly responded, "I suppose this is my area of expertise. Actually, I don’t know much about internet technology. My skills lie more in financial management and investments."

Since they planned to acquire the company, they naturally had collected relevant information regarding the senior management. Therefore, Wang Ye had some understanding of Milna’s background.

The bald man was indeed quite impressive.

He graduated with a doctorate from the Mathematics Department of Moscow University, then went on to the prestigious Wharton School of Business for his MBA!

After graduation, he worked in a major investment bank for a while before returning to his home country to become a vice president at a bank.

It was a coincidence that the bank was part of Khodorkovsky’s enterprise...

However, a few years ago Milna resigned from the bank and invested his lifelong savings into MAIL.RU!

His funds, along with his impressive employment background and abilities, led to Milna being elected as CEO of MAIL.RU by the board of directors soon after his entry into the company. Hence, he began running this internet company.

Under his leadership, the company was successfully floated, and for a time, its prospects looked extremely promising!

In a way, this man was a legend.

Unfortunately, he has now run into Wang Ye...

...

"Then, Mr. Milna should be aware of our Polar Bear Investment Company," said Wang Ye with a chuckle.

Milna nodded, "Of course, I know! Mr. Mikhail’s recent large-scale acquisition of the Siberian Oil Company was just stunning!"

He said that, but in reality, Milna still had some reservations.

Based on his experience, such acquisitions were largely tied to all kinds of behind-the-scenes "collusions" and various power struggles.

They were definitely not purely business transactions!