Although Manchester City has put a certain amount of pressure on Boss Zhou after the Middle Eastern tycoons took over, he feels generally good and it is not too late to make up for the situation.

Manchester United's foundation is very strong.

Although Manchester City spent 200 million pounds to renovate their training base, their foundation is too weak. Manchester United can do better than them if they just spend some money.

Now Zhou Buqi is doing business, and I feel like I am pushing forward all the way.

All walks of life, everything is fine!

bring it on!

Just like Bill Gates, he retired from Microsoft and was able to lead the way in other fields, such as finance, charity, industry, food, and even developed the world's thinnest condom.

It even includes investment in the agricultural industry. This guy seems to like being a farmer. He keeps buying land and has become the largest landowner in the world.

However, doing business is not a step-by-step plan, it must follow the changes in the market.

Many times, the force majeure of some major market changes makes people feel uncomfortable.

For example, the recent European debt crisis is spreading globally.

Zhou Buqi was about to fly back to China and go to the Hong Kong government to make the final arrangements before the IPO of Jieyu Media. He had just completed the listing of Taizun Real Estate a few months ago, and he was already familiar with the process.

On the plane, I heard a series of very bad news.

It's not from Senior Sister Zhen Yu, nor is it from Xu Baihui from Jieyu Media, but from Don Mattrick, who is in charge of the game business.

Mattrick was obviously not as energetic as he was some time ago. Even if he knew the inside information that he was about to become the CEO of Changyou, he could not conceal his depression at the moment, "Zhou, the economic crisis is here again."

Zhou Buqi knows, "European debt crisis?"

"Yes, it has affected the financial market in the United States." Mattrick was helpless, "Major banks, investment banks and financial institutions in the United States have recently announced their first quarter financial reports. They are shocking, and profits have generally decreased year-on-year.

About 30%.”

A 30% year-on-year decrease means a 30% decrease compared with the first quarter of 2010.

This is very tragic.

Financial institutions finally emerged from the subprime mortgage crisis, their performance began to recover, and the economic trend began to improve, but the European debt crisis came.

If the financial industry is affected, the entire financial market will suffer fluctuations.

This is the force majeure of the general environment, and it is very helpless. Even if Boss Zhou has all the heads and six arms, he cannot survive alone in the context of the deterioration of the global economy.

It is conceivable that Changyou’s stock price collapsed again!

Zhou Buqi secretly worried about Lao Zhang, and asked a little knowingly: "How is the stock market? Is it very turbulent?"

"It's huge!" Mattrick's expression was heavy. "All stocks are falling, all market indicators are plummeting, Changyou... Changyou's stock price has dropped another 13% in the past two days, and now only

$6.20.”

Four weeks ago, Changyou went public.

The issue price was US$11.5, and now the stock price is only US$6.2...almost cut in half!

This wave of operations has really screwed up American investors.

Fortunately, the plummeting stock price is not Changyou's own problem. It is caused by the differences in the financial environment and the perception of the entire game industry. The stock prices of game companies around the world are plummeting.

If it were an individual matter involving Changyou, American investors would surely be anxious and begin to join forces privately to launch a class action lawsuit.

I'm very lucky if I don't have Zhou Qi.

The European debt crisis is a force majeure that no one can resist.

The timing of Changyou's listing was chosen at the most perfect time!

If we listen to Lao Zhang's advice, or listen to the deceit of those Wall Street investors, modify the listing plan, and delay the IPO date for a few more months... If not a few months, but another month, Changyou's IPO will completely collapse.

When Changyou went public, its financing scale reached US$2.6 billion.

If we procrastinate, we can raise US$1.3 billion by listing at this stage. For Changyou, the stock price and market value are all fictitious. This thing is changing at any time, and the money obtained is the real benefit.

.

For the same thing, a four-week time difference, Changyou earned an additional US$1.3 billion!

The capital market is so magical!

Of course, this is also due to the courage of Boss Zhou. It was his prompt decision that saved Changyou. If he had not taken decisive action at the beginning, he took over the remaining 70 million shares at his own expense and pushed forward the IPO process with a strong attitude.

Changyou is trapped in complex and lengthy bargaining with those financial institutions, which could be really bad.

With this powerful reason, he, the chairman of the board of directors of Changyou, is even more justified.

However, there is still some confusion here that cannot be explained.

Changyou was launched on March 14th.

The first quarter is almost over.

Didn't the U.S. financial institutions have a unified understanding at that time? Didn't they feel the impact of the European debt crisis? Outsiders don't know, they have all kinds of data internally, and they must have known it for a long time.

Why did Changyou go public at that time and still gain unanimous recognition from the capital market? Even on the first day of listing, Changyou's stock price continued to soar, and its market value soared to more than 25 billion US dollars.

Mattrick was like a roundworm in Boss Zhou's belly. He immediately cleared up the confusion and said with a sigh: "If it's just the European debt crisis, that's fine. The Federal Reserve has strengthened the policy of quantitative easing, which can form a

Hedging against economic trends. The reason why the market is so bad is that Wall Street is making mistakes."

Zhou Buqi asked: "What happened to Wall Street?"

Mattrick said: “At the end of last month, the U.S. Consumer Financial Protection Bureau released a set of survey data, showing that a number of large financial institutions such as Bank of America, Wells Fargo, Morgan, Citi, Goldman Sachs, etc. have used loans through loans since 2007.

Various tricks are used in areas such as repossession and foreclosure review

, avoided costs of more than 20 billion U.S. dollars and were suspected of fraud. Last weekend, the regulatory bureau made a penalty decision to impose punitive fines on 14 banks involved, with a total fine of 20 billion U.S. dollars. This fine was the real

The land market has made it even worse for Wall Street, which has finally emerged from the subprime mortgage crisis."

"FxxK!"

Zhou Buqi couldn't help but use an American curse.

I thought to myself that these Wall Street capitalists can’t do it either. Didn’t they agree that their methods would be all-powerful? Didn’t they agree that Wall Street can control the Federal Reserve and the White House?

This is not okay. News of the violation was announced at the end of last month, and only two weeks later, the punishment results came out. The level of public relations, lobbying, and resistance is too poor!

It's almost like a Korean conglomerate. It looks very fierce and powerful. As soon as Cheong Wa Dae made a move, several chaebol family heads were all thrown into jail.

The life and death of financial institutions on Wall Street has nothing to do with Zhou Buqi.

However, Wall Street financial institutions influence financial markets around the world.

This is so fucked!

Changyou has completed its listing. I am very lucky and fortunate to have obtained the financing and can sit back and watch the financial market flourish.

However, Zhou Buqi also has other companies waiting in line to be listed!

Jieyu Media will be listed on the Hong Kong Stock Exchange next week, and Yuanwei Group will also be listed on the Hong Kong Stock Exchange two months later. Both IPOs will be affected by this wave of huge fines of US$20 billion.

In addition, it also includes Ziweixing International.

Mattrick said helplessly: "I have been communicating with EA during this period. They are indeed interested in acquiring a friend's studio, and their intention is very strong. However, due to the impact of this general environment, the price may be higher.

discount."

Zhou Buqi said "Yeah", "I understand."

Mattrick said: "My expected valuation of my friend's studio is US$3 billion to US$4 billion. However, in the past two weeks, the game industry has been impacted by the new trend of social games and Zynga's upcoming listing, and the stock price has fallen collectively.

.Now we have been hit by financial shocks, and they have generally suffered a decline of more than 30%. However, if the transaction is completed through stock exchange M&A, the transaction volume will not be too high, but the stock share will not change much."

The stock exchange merger means that MSI converts 100% of the shares held by Friend Studio into EA shares.

Trading using this model is actually less affected by market fluctuations.

For example, the previous valuation of Friend Studio was US$4 billion, and now it is US$2 billion, which has shrunk by 50%; the previous market value of EA was US$20 billion, and now it is US$10 billion, which has also shrunk by 50%.

This is equivalent.

Except that the transaction volume has increased from US$4 billion to US$2 billion, the EA shares obtained by Ziweixing will not change.

The small problem now is that EA's stock is meaningless to Ziweixing at this stage!

Ziweixing wants cash!

If it is a cash transaction, the loss will be huge, and you will really lose 50%.

Zhou Buqi pondered for a while and then said slowly: "Ziweixing International has not yet been listed, which will greatly limit the company's financing ability in the capital market. This is the company's biggest hidden danger. The current economic situation is not good, and it will definitely

You have to keep cash in your hands. EA's stock has long-term value, but now we have to take into account the short-term risks of Ziweixing, and cash is king."

Mattrick said with a smile: "EA will also prefer cash transactions. In this regard, both parties will quickly reach a consensus."

When financing, there are two options: equity financing and debt financing.

When the stock price is high, equity financing is used; when the stock price is low, bond financing is used.

Ziweixing International has not yet been listed on the market because Boss Zhou believes that the capital market’s understanding of the mobile Internet is not accurate enough and will “disdain” the value of Ziweixing International, resulting in a reduction in financing.

So Ziweixing International now relies on issuing bonds to make a living.

However, this is not a listed company after all.

When the financial environment is tense, it will not be easy for such an asset-light unlisted company to issue bonds. The top priority is to find ways to hoard more cash on its account.

For EA, the current stock price is very low. They definitely don't want to exchange cheap stocks for a friend's studio at this time. It is a more cost-effective transaction method to issue bonds in exchange for money and then use cash to buy the friend's studio.

In this regard, both parties have consistent interests and hope to use cash transactions.

That will make it easier to negotiate.

Zhou Buqi did not hesitate and was as decisive as ever, "That's it, follow this idea, the more cash, the better!"

Mattrick said: "There is another question..."
Chapter completed!