"Who is this?" Although Bloomberg had noticed Yang Jing, who was surrounded by people, very early on, he did not know Yang Jing.
"Michael, let me introduce you to my new boss, Mr. Cole Smith. Boss, this is Michael Bloomberg, an old friend of mine, and this is Michael's wife, Ms. Vivian Bloomberg."
"Hey, nice to meet you, Mr. Bloomberg." Yang Jing smiled and extended his hand. Bloomberg quickly shook Yang Jing's hand. "Mr. Smith, it's an honor to meet you."
The Bloomberg of today is not the tycoon who later controlled the world's largest information group, nor is he the mayor of New York who served for three consecutive terms. He is now just an ordinary rich man with a net worth of just over 100 million.
But after all, he comes from the financial information field. Bloomberg is very familiar with the "KY Investment Fund" which has become famous in recent times, and he also knows a lot of information that has not been disclosed to the outside world. Therefore, he now admires the KY Investment Fund very much.
Although Bloomberg has no idea how big the KY Investment Fund is, judging from the information collected from various sources, the size of this suddenly emerging KY Investment Fund is definitely no less than 40 billion US dollars!
Although Bloomberg is convinced that the size of this mysterious KY investment fund should be far more than 40 billion US dollars, even if it is 40 billion US dollars, it is still something he needs to look up to.
His old friend Henry became the CEO of KY Investment Fund at the beginning of the year. Now the boss of this mysterious fund has reappeared, and he is obviously willing to make friends with him. Bloomberg cannot refuse this sudden friendship anyway.
After a round of greetings, at Yang Jing's deliberate invitation, the Bloombergs happily accepted the invitation to have a cup of coffee together. After walking out of Jane Gibson's restaurant, they walked a few dozen meters and came to another very famous coffee shop on the street.
"Mr. Bloomberg, excuse me for being frank, but I am very optimistic about your Innovative Market Systems company. So, I would like to ask, are you willing to accept investment from the KY Fund now? Don't worry, the price I offer will definitely satisfy you." Since Bloomberg accepted the invitation, it means that he has the intention to cooperate. So Yang Jing simply didn't beat around the bush. After chatting for a few sentences, he directly stated his purpose.
"Call me Michael," Bloomberg said with a smile, "Mr. Smith, I am very grateful for your appreciation of me, and I am willing to accept a portion of the investment. I just don't know how Mr. Smith plans to invest?"
Yang Jing looked at the couple, and after a moment's hesitation, he said, "I know that your company received a $30 million investment from Merrill Lynch in 1982. At that time, Merrill Lynch seemed to have used the money to purchase 30% of your company's shares, right?"
This was public knowledge, so Bloomberg happily agreed to the change.
Yang Jing smiled slightly and continued, "That is, in 1982, Merrill Lynch should have valued your company's stock price at $100 million. Is that okay?"
Bloomberg's face turned red, but he still nodded. In fact, he knew very well that although Merrill Lynch was very optimistic about his company at that time, their valuation was much higher than the actual value due to various reasons. After all, when his company was founded 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 will definitely not reveal the reason.
"Michael, I have to admit that Merrill Lynch was very insightful. Maybe the price they paid for your company's shares was a bit high, but looking back now, they made a good deal."
After a pause, Yang Jing looked at Bloomberg and tapped his fingers rhythmically on the desktop. "Your company is developing very rapidly, with an average annual growth rate of 40%. The 30 million US dollars invested by Merrill Lynch five years ago is now worth more than 150 million US dollars. In other words, your company's current market value is about 540 million US dollars. I wonder if my data is correct?"
Bloomberg nodded firmly, "Yes, Mr. Smith, my company has indeed grown rapidly in recent years. This year, Merrill Lynch gave it a valuation of $537 million."
"Michael, so I want to buy 33% of your shares at a 40% premium..." Yang Jing waved his hand to stop Bloomberg's words, "Michael, listen to my conditions first. I know that you have been raising funds from outside in the past few years. In addition to the 30% of the shares held by Merrill Lynch, you only have about 61% of the remaining shares. I know that you also want to maintain absolute control, so I can tell you very clearly that after I acquire your 33% of the shares, I will still insist on standing on your side. In other words, you don't have to worry about your voice and all the power in the board of directors, because even if I become the company's largest shareholder, I will firmly stand on your side, whether you are right or wrong, I will definitely stand on your side. This can even be written into the acquisition contract. Of course, if you think this price is not enough, I can offer you a premium of up to 80%, which is equivalent to me directly purchasing your company's profits for 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."
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