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"so much?"

Zhou Buqi was really surprised.

This data was much better than he imagined.

Changyou can buy 80%-85% of the shares, and most of the future income will belong to Changyou. Especially having 50% of the voting rights is even more rare.

Once the other party's entrepreneurial team has strong cohesion and unified voting rights, they can get 50% of the voting rights. When differences of opinion occur, they, as managers, have priority and their opinions should prevail.

But if there are disagreements within the entrepreneurial team, their voting rights cannot be unified. At this time, Changyou needs to stand up and make the final decision.

In this way, Changyou will not suffer damage to its interests due to too few voting rights, and this hidden danger will disappear.

Many countries and regions do not allow the existence of different rights for the same shares.

A very important reason is that it is easy for "distribution rights" to damage "ownership rights".

That is the inequality in sharing the cake.

Just like many state-owned enterprises in Europe and the United States, they have carried out reforms one after another and transformed into private enterprises. In fact, the relationship between the distribution of interests and power is not handled well.

For example, British Petroleum is one of the few existing British state-owned enterprises.

On the surface, the wealth created by British Petroleum should belong to all citizens. Even if the oil price rises, it will be a waste for all citizens. The money they make belongs to them, so all British people can welcome the increase in oil prices.

But this is just an illusion.

All citizens only have nominal ownership rights to British Petroleum, but have no real right to distribute benefits.

BP has made money, but it first distributes the benefits to individual small circles and divides the cake. If there is any leftover, it will be distributed to all the citizens and given to the British government in the form of profits; if there is no leftover, or even the cake is divided too much and a deficit is incurred, then the British government must be submitted to the British government on the grounds of relief. Apply for a grant.

After all, British Petroleum belongs to all British citizens. If the British government financially subsidizes British Petroleum, it is equivalent to subsidizing all citizens. Sometimes they turned over 10 billion pounds of profits, and the data was pretty good, but that year they applied for 20 billion pounds of subsidies, and actually had a net loss of 10 billion pounds.

This makes many British citizens very dissatisfied.

A state-owned enterprise like BP is not an asset belonging to British citizens. It is clearly a debt placed on the head of every British citizen, and it depends on everyone paying extra taxes to support it.

For every conscientious citizen, the happier they are with less debt, which has led to fewer and fewer state-owned enterprises in the UK, decreasing year by year. The Conservative Party is very popular in the UK and is the largest party in Parliament. A very important reason is that they can always decisively attack state-owned enterprises.

Ziweixing International has previously dealt with Germany's Lufthansa Airlines.

This is a German state-owned enterprise.

As one of the top aviation giants in Europe, it makes no difference if someone five miles away has to apply for financial subsidies from the German authorities.

The new merger and acquisition concept proposed by Don Mattrick is not popular in the global merger and acquisition market. A very important reason is that there is a similar imbalance of ownership and distribution rights, and there is a huge gap. hidden dangers.

Fortunately, the plan he gave was satisfactory.

Changyou can own 80% of the shares of Supercell Studio and retain 50% of the voting rights.

In other words, Changyou owns 80% of Supercell Studio and has 50% distribution rights.

50% is enough!

It is enough to ensure that one's own interests are not damaged.

If the company is developing well and prospering, then you can respect Supercell's entrepreneurial team and listen to them.

But if the company does not develop well, there will definitely be internal disagreements, or there will be serious unfairness in the distribution of benefits. As long as there is one vote in the entrepreneurial team on Changyou's side, Changyou can urgently convene a board of directors to set things right. .

The 50% to 50% voting rights design allows both parties to be cautious and not dare to take a step beyond the bounds. Once you cross the line, you risk losing everything.

Mattrick said with a smile: "This is also a compromise we made. Supercell is just a start-up company with more than 20 employees, and it was built on the wealth of a few founders. In order to raise money to start a business, those founders I mortgaged my car and house."

Zhou Buqi nodded, "Venture capital institutions are generally not optimistic about the Nordic IT industry."

Mattrick said: "Yes, the probability of IT start-up companies here to obtain venture capital is too low, and the difficulty of survival is far less than that of China and the United States, probably similar to Japan. This highly stable society is not sensitive to risks. Very repulsive.”

"I am very averse to risks..." Zhou Buqi laughed, "This is the best entry point."

Mattrick said: "Yes, the entrepreneurial team mortgaged the real estate. This risk is too great and no one is willing to bear it. If we are willing, even if it is a 100% wholly-owned acquisition, I estimate that they will negotiate for a month or two. I will definitely compromise and accept such a plan. But I think the entrepreneurial team should still be given the right to speak to avoid a lack of creativity."

Zhou Buqi said: "It will also be easier to sign the contract."

"Yes." Mattrick did not hide his thoughts and was very honest. "This can reduce the workload of our team. A case that can be negotiated in two months can be finalized in a week."

Zhang Chaoyang added: "I think it's okay, time is efficiency."

Mattrick said: "The era of smartphones has arrived. There are at least 200 materials related to mobile game startups on my desk. Many of them have good development potential. Next, I am going to Uruguay. Bought another tower defense game called "Kingdom Defense". If it were 100% acquired every time, it would be a waste of time and seriously slow down the team's work efficiency."

If it is to acquire 100% of those game studios, it will be more difficult. It will require repeated negotiations, as well as discussions, hesitations and thinking within the entrepreneurial team, which may take 2 months.

But if you just acquire a majority stake and give up half of the voting rights, the difficulty of negotiation will be greatly reduced, and the entrepreneurial team will easily accept such a plan.

In 2 months, we might be able to solve 5-8 cases like this!

In this way, Changyou’s coverage can be larger.

Under the strategy of casting a wide net, the larger the net, the more fish will be caught.

This is a big deal.

The decision must be made by Changyou's board of directors before such a strategic change can be made.

But it does not matter.

The big boss and the second boss are both here, and they are enough to represent the board of directors.

Zhou Buqi looked at Lao Zhang, "I think this idea works!"

Zhang Chaoyang said: "Yes, okay!"

"Then don't hesitate," Zhou Buqi immediately made the decision, "Then it's settled! Just follow your idea. For some mobile games and mobile game studios that have internal competition, acquisitions can be used We will do it by transferring a majority stake and transferring half of the voting rights. This time Changyou acquires the Finnish company Supercell, it will be a model case! This transaction will be used as a model in the future!"

"Demonstration template..." Zhang Chaoyang was a little worried, "If it's a template, it'd better be a successful case."

It would be a joke if Supercell failed.

A merger and acquisition transaction that was set up as a model by Changyou ended up being a piece of cake with no money left. How could this have a demonstration effect?

Zhou Buqi waved his hand and said grandly, "It's okay! That's it!"

This requires no further explanation.

Although he doesn't play games very much, he has heard about several famous mobile games. For example, "Angry Birds", "Talking Cat", such as "Glory of Kings", "Peace Elite", such as "Genshin Impact", "Pokémon", and of course "Clash of Clans" developed by Supercell. .

This model can definitely be established!

Not only a model of trading, but also a model of performance.

Zhou Buqi continued: "In addition to not moving half of the voting rights, there are no big restrictions on the majority shareholding...too much is not good, and too little is not good. The range is 65%-85%. Well, mainly for startups.”

For a start-up company, the price is low enough.

The cost of buying a game of the level of "Clash of Clans" is less than 10 million US dollars... a huge profit!