Chapter 508 33%
"Who is this?" Although Bloomberg noticed Yang Jing who was surrounded by stars like the moon, he did not know Yang Jing.
"Michael, let me introduce to you my new boss, Mr. Cole Smith. Boss, this is Michael Bloomberg, an old friend of mine, this is Michael's wife, Ms. Vivian Bloomberg."
"Hey, I'm glad to know you, Mr. Bloomberg." Yang Jing smiled and stretched out his hand. Bloomberg hurriedly held Yang Jing's hand, "Mr. Smith, I'm honored to know you."
Bloomberg is not the richest man who held the world's largest information group in one hand, nor the mayor who served in the position of New York for three consecutive terms in the position of mayor of New York. He is now just an ordinary rich man with a net worth of just over 100 million yuan.
But after all, he is a financial information company. Bloomberg is very familiar with the "KY Investment Fund" that has become famous during this period, and he also knows a lot about some information that has not been released by the outside world. Therefore, he admires KY Investment Fund now.
Although Bloomberg is not sure how big the KY investment fund is, based on the data summarized from all aspects, the scale of this sudden KY investment fund will definitely not be less than 40 billion US dollars!
Although Bloomberg believes that the scale of this mysterious KY investment fund should be far more than $40 billion, even $40 billion is an existence that needs to look up at.
His old friend Henry served as the CEO of KY Investment Fund at the beginning of the year. Now the boss of this mysterious fund has appeared again, and people are obviously willing to make friends with him. Bloomberg cannot refuse this sudden friendship no matter what.
After a greeting, at Yang Jing's intentional invitation, the Bloomberg and his wife happily accepted the invitation to have a cup of coffee together. After walking out of Jane Gibson's restaurant, they walked dozens of meters to another very famous cafe on the street.
"Mr. Bloomberg, please be honest, I am very optimistic about your innovative market system company, so I would like to ask, are you willing to accept investments from KY Fund now? Don't worry, the price I gave will definitely satisfy you." Since Bloomberg accepted the invitation, it means that he has the intention to cooperate, so Yang Jing simply stopped going around the circle. After chatting for a few words, he directly spoke out his purpose.
"Call me Michael." Bloomberg said with a smile, "Mr. Smith, I am very grateful for your value on me, and I am willing to accept some investment, but I don't know how Mr. Smith is going to invest?"
Yang Jing looked at the couple, pondered for a moment and said, "I know that your company accepted a $30 million investment from Merrill Lynch in 1982. It seemed that Merrill Lynch bought 30% of your company with this money?"
This was public, so Bloomberg nodded happily.
Yang Jing smiled slightly and continued, "That is to say, in 1982, Merrill Lynch's stock price for your company should be $100 million, is that okay?"
Bloomberg's old face turned slightly red, but he nodded. In fact, he knew very well that although Merrill Lynch was very optimistic about its company at that time, their valuation was actually much higher than its actual value for various reasons. When his company was established in 1981, it only had an investment of 10 million US dollars, but in less than a year, the company's valuation increased tenfold, which was obviously not normal.
But Bloomberg certainly won't tell the reason.
"Michael, I have to admit that Merrill Lynch is really good at it. Maybe the price was a bit inflated when they bought your shares, but now it seems that they were doing a good business at that time."
After a pause, Yang Jing looked at Bloomberg and gently clicked on the desktop with his fingers rhythmically, "Your company is developing very rapidly, with an average annual growth rate of up to 40%. The 30 million US dollars invested by Merrill Lynch five years ago has now been worth more than 150 million. In other words, your company's current market value is about 540 million US dollars. I wonder if my data is right?"
Bloomberg nodded firmly, "Yes, Mr. Smith, my company has developed very rapidly in recent years. This year, Merrill Lynch's valuation is $537 million."
"Michael, so I want to acquire 33% of your shares from you at a premium of 40%..." Yang Jing waved his hand and stopped Bloomberg's words, "Michael, listen to me to my conditions first. I know that you have been raising external funds in the past few years. In addition to the 30% shares in Merrill Lynch, the remaining shares in your hands are only about 61%. I know that you also want to maintain absolute control, so I can tell you clearly that after I acquire 33% of your shares, I will still insist on your side. In other words, you don't have to worry.
Your voice and all your power in the board of directors, because even if I become the largest shareholder of the company, I will firmly stand on your side. No matter whether you do it right or wrong, I will stand on your side. This can even be written into the acquisition contract. Of course, if you think the price is not enough, I can offer you a price of up to 80%, which is equivalent to buying your company's profits in the next two years! And I promise that I will not interfere with the company's daily operations. I am just optimistic about the future of your company and I want to make some money."
Hearing these words, Bloomberg immediately fell into deep thought.
I have to say that Mr. Smith's words in front of me are very tempting and tempting. Bloomberg is very clear that the market value of his innovative market system company is only US$540 million. If he acquires shares at a price of 40%, this is already a very sincere price, not to mention that Yang Jing finally offered a price of 80% premium just now.
The most important thing is that Mr. Smith promised to always stand on his own side and not interfere with the company's daily operations, and even write these into the contract, which is enough to prove Mr. Smith's sincerity.
After thinking for a long time, Bloomberg gradually had his own ideas.
"Mr. Smith, can I ask why you did this? Are you really just optimistic about the prospects of our company?"
Yang Jing snapped his fingers and said with a smile: "Michael, what I said just now is the truth. I am simply optimistic about the prospects of your company, so we have this party now."
"Then I can ask again, why do you want a 33% stake?"
"This is even simpler, because my KY investment fund does not invest, and once it invests, it will get the largest shareholder of institutional investment. Michael, I can tell you the truth. Before I was about to invest in your company, our KY investment fund is now the largest institutional investor on the board of directors of 27 companies in the United States, including Citibank, United Pacific Railway, ABC Container Shipping, General Motors, General Motors, General Electric, Ford Motor, AT&T, Westinghouse Electric, Alcoa, Pittsburgh Steel, Boeing, IBM, etc. In addition, we are also investing in some companies in Japan and Europe. The largest shareholder in your company is Merrill Lynch. I don't want my shares to be less than Merrill Lynch, so..." Yang Jing made a "you understand" expression.
As soon as Yang Jing said this, Bloomberg immediately stopped talking.
He dared to make financial information. The Natural Way KY Investment Fund's rescue and stock repurchase actions some time ago, and he also knew very well that this investment fund that emerged suddenly has become the largest shareholder of several major companies in the United States.
Although his company has developed very well, compared with giants such as **** and Citibank with market value of tens of billions of dollars, they have become the largest shareholder in these giant companies, so there is no reason to become the largest shareholder of their company.
Henry on the side said: "Michael, in fact, our fund is considering investing in Merrill Lynch. Perhaps it won't take long to make KY Fund the largest shareholder of Merrill Lynch."
This was domineering, which made Bloomberg even more indifferent.
Yang Jing smiled and looked at Bloomberg, who was a little confused and said, "Michael, I just want to make money simply through investment. I have no idea about your company. You may not know that some time ago, KY Investment Fund just reached an agreement with Bill Gates and Paul Allen to acquire 7% of the shares from both of them, thus becoming Microsoft's largest investment institution. But I will not interfere in Microsoft's daily work, and this has been written into the contract. If you don't believe it, you can check it out."
After a pause, Yang Jing continued: "It's not just Microsoft, Larry Ellison's Oracle, Intel, and KY Investment Fund are their largest investment institutions, so you don't have to worry about your position on the board of directors, nor do you have to worry about your company's daily operations. If someone on the board of directors dares to challenge you, I will stand firmly on your side."
Yang Jing's words were already sincere enough, and Bloomberg could not refuse such a proposal, let alone he urgently needed funds to develop the company.
So he thought for a while and nodded, "Mr. Smith, I can agree to this deal, but I want to set the price to be a 50% premium."
Yang Jing nodded happily and agreed. Just kidding, even if it is a 50% premium, the 33% stake is only more than 200 million US dollars. However, compared with Bloomberg's future horror market value and being able to make good use of Bloomberg, this money is definitely a very cost-effective investment, even better than the angel round investment.
An accidental encounter led to the party and then a win-win cooperation. This was a great deal for both Bloomberg and Yang Jing.
The specific matters still need to be handled by Henry and the others, but as long as the tone is set at this party, it means that Bloomberg will become an important partner of the Dragon Fund in the future.
Chapter completed!