Becoming a Russian Oligarch After Rebirth
Chapter 288 Must Make a Choice_1

Chapter 288: Chapter 288 Must Make a Choice_1

While Wang Ye was listening to his subordinates’ report, not far from the hotel where he was staying, in a technological park, Little Brother Ma was in a meeting with several founders of Tencent Company.

They were discussing the matter of Polar Bear Investment and MIH Investment Company wishing to take shares in Tencent!

Little Brother Ma sighed and said:

"These past few days, it feels like I’m dreaming!

We struggled so much in the first half of the year, I begged everyone I knew for investment, but none of the companies were willing to give us a dime!

We even thought of selling the company, but couldn’t sell it for even three million and were even insulted!

Honestly, I thought we wouldn’t make it through the year.

But these last two days, with a stroke of luck, two powerful big companies are eager to grab a piece of us and invest!

Now, whose money to take has actually become a happy problem for us, haha...."

Vice President Zhang, who’s head of finance, also said cheerfully, "Yeah, a few days ago MIH Investment Company gave us a valuation of sixty million US dollars. I thought I had heard wrong, or they made a mistake. I even verified it many times! Who would’ve thought, our company is actually this valuable? To this day, I doubt it, what on earth is it about our Tencent that’s so valuable and we didn’t even notice?"

The meeting room was filled with laughter as everyone truly didn’t think that Tencent could be worth sixty million US dollars, something they didn’t dare to imagine a few days ago!

However, some people raised doubts. Another vice president hesitated for a moment and then said, "A high valuation is a good thing, but... is that MIH Company reliable? It’s a South African company, we haven’t heard of it before, right...?"

Little Brother Ma had obviously considered this question. He waved his hand and laughed, "Don’t worry about it, I’ve asked Little Superman to find out. This company is indeed a subsidiary investment company of the South African Media Group. They might not be the most powerful, but they should be able to shell out ten or twenty million US dollars."

According to the plan proposed by MIH Investment Company, they want to acquire thirty-five percent of Tencent’s shares with fourteen million US dollars in cash!

Then, based on the share ratio, add six million dollars of investment to maintain the normal operation and development of the company.

This requires every shareholder to chip in. If you don’t, your share will be diluted.

The thirty-five percent of shares they want to take, twenty-five percent of it is in the hands of Xiangjiang’s Little Superman!

You should know, back in 2000, Xiangjiang’s Little Superman invested more than two million US dollars, getting twenty-five percent of the shares in Tencent.

It had been just a year, and even though the internet industry was in a global winter, the value of his shares had multiplied several times. He successfully made ten million US dollars.

It can be said that MIH’s investment in Tencent, Little Superman considerably contributed to it. Therefore, the shares in his hands also enjoyed the priority to exit.

The remaining ten percent will be used to acquire the shares from Little Brother Ma and other founders.

In this way, Little Brother Ma and the others can get five million US dollars in cash!

Of course, they probably couldn’t pocket this sum just yet because the company is looking to expand its equity financing. If they don’t contribute, their shareholder ratio would be diluted.

But that’s a problem for later. Right now, they can’t care about anything else. They need to get that five million US dollars first!

......

"What’s the deal with Polar Bear Investment, does anyone know their details?" asked Little Brother Ma.

Polar Bear Investment had just emerged. It’s only been a few days since they started interacting with Tencent’s management.

Moreover, they haven’t given a clear investment plan or valuation yet, they just told the people at Tencent not to rush to accept MIH’s investment because Polar Bear Investment will give them an offer they can’t refuse!

The statement does seem arrogant, but it’s indeed very attractive...

Little Brother Ma and his team didn’t hastily agree to MIH’s proposal because they were waiting for Polar Bear’s valuation.

According to bald Milna, the boss of the Polar Bear Investment’s parent company is flying in today for the final negotiation in the afternoon.

So Little Brother Ma and his team quickly arranged a meeting to make sure everyone was aligned and prepared for the afternoon negotiations.

"I’ve been chatting quite a bit with Milna these past few days. According to what he told me, the parent company of Polar Bear Investment is actually the Russian Yukos Group!" said Vice President Zhang mysteriously.

Unfortunately, aside from him, everyone in the meeting room was bewildered.

Little Brother Ma asked blankly, "What does the Yukos Group do?"

No wonder he didn’t know. They’re all tech guys, they haven’t been out of the country, and even if they did, they’d only be familiar with European and American internet enterprises. They wouldn’t have had any idea about a traditional energy company like Yukos.

Let alone the fact that Yukos is a Russian company, it’s no wonder that Little Brother Ma didn’t know about them.

Vice President Zhang explained with a helpless expression, "Yukos Group is Russia’s largest oil giant. This single company’s oil production is said to be close to 80% of Russia’s entire output! It’s a total monopoly. The owner of Yukos, Khodorkovsky, is the richest man in Russia, with a net worth of over twenty billion dollars!"

This remark stunned everyone in the meeting room.

They weren’t particularly bothered about oil giants or monopolies, but when they heard a net worth of over twenty billion US dollars, they were shocked...

Goodness gracious, that’s a lot of money!

Little Brother Ma’s eyes lit up and he quickly said, "Does this mean that Polar Bear Investment is much stronger than the South African MIH?"

"Yes, on paper, Polar Bear Investment is indeed much stronger than MIH. Apparently, not long ago, Polar Bear Investment splashed out fifty billion dollars to buy the Siberian Oil Company, which caused a sensation in Russia. They’re really rich!" exclaimed Vice President Zhang.

Don’t think Little Brother Ma is "money-oriented", there’s no other choice in this matter.

Investment isn’t a one-time affair, it might require large funds for ongoing investment later. Hence, internet start-ups like Tencent hope to find a powerful investor to be a strategic investor in the early stages!

They should be able to pay without hesitation, give as much as asked for, and not meddle in internal affairs of the company.

Such an investment company is the dream of all internet companies...

"Well, I hope Polar Bear offers a satisfactory price in the afternoon negotiation. We can’t stall any longer. In the next few days, we must decide whether to go with MIH from South Africa, or with the Polar Bear. If we don’t get an investment soon, we won’t be able to pay our salaries next month." Little Brother Ma sighed.