Chapter 353
When Lee Jae-woong heard Wu Mingxi mention NAVER, his face suddenly turned ugly. As a peer and competitor, NAVER has been competing with them for market share and registered users in recent years.
Fortunately, neither side had strong financial institutions behind them, so the competition between the two sides did not show a one-sided trend. Now Comet Capital rashly intervened and directly broke the stalemate.
If they reject Comet Capital's support, Naver will definitely get a ready-made bargain and soar to become a giant Internet company in Korea and even Asia. Daum will also be very likely to decline or even go bankrupt due to the failure to find institutional financing to solve the potential financial crisis.
…
Li Zaixiong smiled awkwardly. He actually had no choice. Apart from choosing to cooperate with Comet Capital and agreeing to all the other party's requirements, it was unlikely that he could find another financial institution in a short period of time to give them a large amount of investment.
"... Director Wu, I understand what you mean. Our Daum company is willing to cooperate. At the same time, we will also hold an extraordinary shareholders' meeting within this week to announce the issuance of additional shares to obtain new financing. As for Comet Capital's acquisition of shares from other shareholders of the company, I can also help introduce them..."
"Hahaha, it's rare to find a smart and sensible person like President Li. I will convey your company's opinions to President Zhang Junfeng. Perhaps it won't be long before we become colleagues!" Wu Mingxi heaved a sigh of relief and completely relaxed about Li Zaixiong's final decision, and nodded with satisfaction.
Wu Mingxi was also a little nervous when Li Zaixiong hesitated. Before coming here, Zhang Junfeng only told him to come and negotiate with the senior management of Daum and complete the task of acquiring most of the shares of the other company as soon as possible.
As for the NAVER company he mentioned just now, it was completely fabricated by him, with the purpose of making Lee Jae-woong feel more urgent and prompting him to make up his mind to cooperate with them. Fortunately, his goal was achieved smoothly and no problems occurred in the middle.
…
In the following week, Daum held an extraordinary shareholders meeting and announced that it would issue new shares worth 120 million US dollars to obtain financing for the company's subsequent development. This sudden news quickly caused discussion in the Korean Internet company industry.
After all, their situations are mostly the same, and they also have the problems that Daum has. However, everyone knows that this is Korea, not Silicon Valley in the United States, and there is no Wall Street where financial giants gather.
To obtain large amounts of financing, they often have to beg for help. However, those financial institutions are not optimistic about them. Instead of investing in these "small shrimps", it is better to go directly to the United States to invest in real Internet technology giants.
However, to everyone's surprise, the newly issued shares of Daum were snapped up by traders who had been waiting for a long time on the day of listing. After the stock exchange closed, Daum slowly announced the latest shareholder adjustment list. Comet Capital became the new major shareholder of Daum with a shareholding ratio of 51.7%.
What followed was a press conference held by Daum, in which they solemnly announced that they would carry out in-depth cooperation with Nexon, and that the KaKao Talk instant messaging software as well as the development and operation and maintenance team would all join Daum.
The head of KaKao Talk's operation and maintenance team also attended the press conference and reported on the work progress over the past year. In particular, he mentioned that KaKao Talk currently has more than 4.6 million registered users and an astonishing 1.8 million daily active users.
After KaKao Talk joins Daum, Daum will also make corresponding adjustments and add the login method of KaKao Talk account to its portal website, search engine, free email and other products.
A representative of Nexon, the original parent company of KaKao Talk, also stated at the press conference that KaKao Talk accounts can also be directly bound to all game accounts under Nexon. After a successful binding, players can use the KaKao Talk account to directly log in to the game account.
Once this news was reported, it also caused quite a stir in the industry. You know, most Internet companies nowadays are fighting alone, and the practice of companies like Daum and Nexon adding KaKao Talk accounts as a new login method is eye-catching.
Some well-known Internet practitioners soon realized the trick here. Once the KaKao Talk account becomes a new login method for other software websites, there will be interaction among the registered users of the products of several parties, and the importance and value of the KaKao Talk account will be further enhanced.
The positive news reports that followed were continuous. First, Leon John, the general manager of Goldman Sachs' Korea branch, and his team visited Daum, hoping to reach a cooperation. When the representatives of Morgan Investment Bank in the United States came to Korea for inspection, they publicly expressed their optimism about the future of Daum and that they would invest in its stocks in the future...
It was precisely because of these financial institutions that they came out and expressed their optimistic views on Daum, and a large number of institutions rushed to buy Daum's outstanding shares in the market, that the stock price saw a huge increase in a short period of time.
This series of reactions also made the investors and institutions that were originally on the sidelines unable to hold back and rushed to buy Daum's stocks, fearing that if they were a step late, these Daum shares would be snatched away by others.
…
Jin Xichen, the president of New Data Technology Company, was also very annoyed when he saw the news about the surge in Daum's stock price on TV. If he guessed correctly, it should have been an opportunity for their New Data Technology Company's stock price to surge!
At the beginning, Leon John, the general manager of the Goldman Sachs branch, took the initiative to approach them to seek cooperation and wanted to invest in their New Data technology company. He was quite tempted, but the major shareholder SK Group refused to agree, which led to them missing out on the opportunity.
There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!
Afterwards, Jin Xichen also sent people to investigate. When he learned that Goldman Sachs' branch in Goryeo had close ties with the top management of Comet Capital, he had a vague feeling that something was wrong.
But he never expected that after being rejected by them, Goldman Sachs found a new investment target in such a short time. Moreover, the rising trend of Daum was really exaggerated. It soared for three consecutive days! According to the current trend, it is certain that Daum's market value will double. As for how much it will rise, he couldn't estimate it. After all, these financial institutions are all rich, and it is easy for them to pull up an Internet company with a low market value!
I just realized that I forgot to write the title for this chapter. Sorry (End of this chapter)