With the help of Netflix's board of directors, the next operation will be easier.

Previously, I had only contacted 9 private equity institutions.

The conversation didn't go very smoothly.

The opponent's lion opened its mouth, and under the leadership of the super giant Black Rock Group, it bit the price of 35 US dollars and refused to give in any more. We are all smart people, so don't cheat anyone.

Everyone knows that there is a financial crisis right now, and Netflix's stock price is obviously undervalued.

There are often two logics behind the stock price of a listed company, one is business logic and the other is financial logic.

Business logic is to judge the actual value of stocks based on the fundamentals of the company; financial logic is to chase the rise and fall, and only look at the sentiment of the financial market. Even if it is a piece of garbage, as long as the mood is up, it can be speculated to the sky, so you have to enter the market to chase it.

high.

Such top private equity tycoons actually understand this truth. They must look at the long term and not be swayed by short-term emotions.

Netflix's fundamentals are very strong.

In the past few years, its performance has been growing and it is the largest video rental company in the United States. This year's performance has reached a new high. With the current economic crisis, ordinary people's lives are tight. If they have no money, they can only hide at home and watch DVDs for entertainment. Nai

Fei's performance will be further promoted.

Selling Netflix's shares right now is totally against business logic.

Unless buyers can offer a price they can't refuse, a price that is consistent with the actual value of Netflix's stock today.

$35 is a good number.

Zhou Buqi was actually willing, but Goldman Sachs disagreed. The lower the price, the more commission they would get. The next day, Zhou Buqi flew to New York again and met with people from Goldman Sachs. I heard that he was working at

The substantial concession in terms of shareholders' rights guarantees the control of the existing management, which is enough to give them confidence.

Now that Netflix’s board of directors has been fixed, what else can’t be done?

Then, after some operations, 27 investment institutions were found.

All investment institutions and individuals holding more than 1% of Netflix's shares were found. Then, they communicated privately and quoted a price of US$25. As long as they were willing to sell, they would accept any amount!

If you think the price is right, you can hand it over; if you think the price is low, just keep it.

For Zhou Buqi, he cannot take over too many stocks, and the 30% share is a very sensitive number. The United States has case law and there is no clear data indicator. But the reference standards around the world are similar. When this limit is reached,

A mandatory general takeover bid is about to be issued.

About 25% is basically enough.

By 5 p.m., 12 institutions had agreed to the $25 offer, with a total of 11 million shares of Netflix stock, accounting for 17.7%.

I will also attend Musk’s financing party in the evening.

Zhou Buqi has already boarded the plane to return to Silicon Valley.

Speak to Goldman Sachs' Rose Weil by phone.

"The basic intention has been reached, and they will be given another 48 hours to consider." In this regard, Roswell was full of confidence, "The price of US$25 is very realistic. Today's closing price of Netflix is ​​US$13.2, which is a premium.

89%, which is enough sincerity.”

Zhou Buqi was very happy, "Can the delivery be completed in two days?"

"right."

"You won't regret it, will you?"

"Normally not."

Zhou Buqi asked: "What is the abnormal situation?"

Rothwell said with a smile: "The intention has been reached, which means they want to sell. If an accident occurs, other institutions will put forward higher bids, so that they can sell the stocks to others."

Zhou Buqi was very relieved, "The current economic situation should not be the case."

"Yes, so your side can operate."

"Secondary market?"

Zhou Buqi asked for advice humbly.

Ross Weldau: "Starting tomorrow, you can buy Netflix's shares in a large amount from the public trading market, and then submit relevant information to the Securities Regulatory Commission."

If the ratio exceeds 5%, it must be disclosed.

In this way, everyone will notice that a wealthy person has entered the market and bought Netflix crazily. No matter what the reason for buying is, as long as you buy, it means that the stock price will rise. This will trigger financial logic and cause a wave of

The mood of chasing the rise and killing the fall, the more you buy, the higher the price is, and the stock price rises sharply.

This is not a problem at all for Zhou Buqi.

As long as you can get enough shares, the premium doesn't matter at all. The $25 deal has been completed, and the stock price in the secondary market is only $13, so there is still huge room for growth.

Roswell then said: "Mr. Zhou, I will give you a task, which must be completed."

"No problem, just say it."

"In the next two days, you must continue to buy Netflix stock in the trading market and raise the stock price. Until it reaches $25, it should not exceed $30."

"Always buying?"

"Yes, this will take into account the interests of many small shareholders, and OTC transactions will be reasonable."

Roswell explained a lot more.

There are no clear legal provisions in the United States. What the requirements can and cannot be, it is entirely based on the facts to analyze whether it is reasonable and reasonable.

This time, when we reached a deal with a private equity institution on the sidelines and purchased 11 million shares at a price of $25, it must be reasonable.

The so-called reason is to be fair, just and open.

Publicity is certain, and the transaction must be reported to the Securities Regulatory Commission. Fairness and justice need to be reflected through the stock price. If the stock price on the market is only 13 US dollars, but the off-market trading price is 25 US dollars, this is unfair.

Why can large investment institutions sell stocks at a price of $25, while small shareholders and retail investors can only trade at a price of $13?

Doesn’t this infringe on the interests of small shareholders?

Therefore, when a similar M&A transaction occurs, the most important thing is to control the stock price. It is necessary to allow small and medium-sized shareholders to enjoy the dividends of this transaction, and the stocks in their hands can also achieve substantial appreciation. Not only can they increase in value, but they can also

Realize.

In the 1980s, the financial wave of leveraged buyouts launched in the United States for ten years.

There have been similar cases.

The stock price is US$10, and the shares in the hands of small and medium shareholders are worth US$10; the shares of major shareholders cannot be cashed out at will, but the over-the-counter price has reached US$20.

This seriously damages the interests of small and medium-sized shareholders.

Why can the shares of major shareholders be sold at such a high price?

Then, he was prosecuted.

The court ruled that the premium rights belong to all shareholders. This means that in addition to the basic value of US$10, the premium income of the major shareholders must be equally divided among all investors.

It is okay for the interests of major shareholders to be harmed, but the interests of small and medium shareholders must not be harmed.

In other words, within two days, Zhou Buqi will continue to buy Netflix shares from the market and raise the stock price to more than 25 US dollars, such as 28 US dollars.

At this time, the news of the over-the-counter transaction was announced, and Zhou Buqi bought a large amount of shares from some larger institutional shareholders at a price of $25, which made sense.

Soon!

There are only a few days left before the Netflix case can be settled!

…

Zhou Buqi flew back to Silicon Valley a little late.

Went to Musk's house...ho!

Beautiful women are like clouds!

They were all young girls in their late teens or early twenties, with blond hair and blue eyes, big breasts and thin waists, swaying their waists to the music that was so loud that it hurt the ears.

At first glance, they are all young girls who want to pursue their dreams of becoming actors based on their beauty.

There is something a bit strange.

There are no minorities.

Basically, they all have blond hair and long legs.

Except Xu Baihui.

"Why are you here?" Zhou Buqi was a little surprised.

Xu Baihui smiled and said, "Your secretary told me that there are too many foreign girls today, so let me watch you."

Zhou Buqi looked around for a few times and whispered: "There are so many beautiful women."

Xu Baihui said: "I paid for it."

"Spend money?"

Zhou Buqi's enthusiasm was extinguished a lot.
To be continued...