Chapter 350 Series C Financing

After getting Barron's guidance, Ivanta was very interested in the acquisition of DoubleClick.

  By now, Barron had a deeper understanding of some of the women around him...

  Well, it's not just the physical aspect, it's the psychological aspect as well.

  Just like Ivanta, it may be related to her growing environment. Compared with love, she pays more attention to her career and is relatively more rational.

  To put it bluntly, she knows better what she wants and how to get it.

  Didn't she want to be Barron's "official girlfriend"? Of course she did, but when this situation could not be achieved for the time being, she was also rational enough to know what she should do now and what she should get.

  After all, Ivanta is still young enough and is not too anxious about things related to status.

  Of course, this is also based on the premise that Barron's identity and wealth are worthy of her making such a choice.

  This time Barron came to America with his girlfriend Bonnie, so it was rare for him to find time to meet Ivanta, and he had no chance to meet the Hearst sisters. However, he also took the trouble to comfort the two sisters over the phone and promised to spend more time with them when he came again in two months.

  Next, before leaving America, Barron mainly dealt with Woaw Technology's Series C financing.

  As mentioned earlier, although the number of Woaw Technology users grew rapidly, during that period, smartphones were not yet popular and even an iPhone had to wait two or three years. Users still relied entirely on PCs to obtain their products. Therefore, once a certain upper limit was reached, the growth rate of users would slow down.

  In terms of revenue, Woaw Technology's advertising revenue is still far behind Yahoo and Google. This is also due to huge investment. Therefore, the company still has a long way to go before it can become profitable.

  Now Barron has begun to have Woaw Technology's London headquarters and Silicon Valley R&D center begin secret research and development on information flow advertising. When this "weapon" can be applied, coupled with the completion of the acquisition of DoubleClick and its integration into Woaw Technology, that will be the moment when Woaw Technology can "kill all opponents."

  When Barron returned to New York, he met many "guests", including people sent by Google.

  DS Capital is now also a major shareholder of Google, holding 20 million shares of its common stock, accounting for about 7.3% of Google's total share capital at this time.

  In addition, Rich23 Capital also bought 10 million shares of common stock when Google went public.

  In total, Baron directly controls 11% of Google's shares, not including some of the Google shares held by the Mars Fund.

  Of course, the Google shares held by Rich23 Capital are not publicly under Barron's name, but the Google shares held by DS Capital can still allow Google to communicate with him and join Woaw Technology's Series C financing.

  In addition to Google, other investment institutions including Microsoft and Goldman Sachs are also very interested in Woaw Technology.

  Barron does not want to release too many shares in this round of financing. At most, he will take out 15% of the shares for financing. This will include one or two investment institutions as the main investors, and Sequoia Capital and Blackstone Fund will also follow up with some funds...  

  In addition, Barron also knows that although Google's search advantage on the PC Internet will be of great help to Woaw Technology, it will still compete with Woaw Technology after it launches Google+...

  Therefore, he also needs to consider whether to let Google join.

  …

  In London, Caesar Fund's acquisition of British Logistics has also entered a new stage.

  Initially, they started to buy the company's stocks from the secondary market. You should know that Yingyun Logistics was originally formed by the merger of Ocean Group and NFC, and in the process of development, it has also undergone many acquisitions. Therefore, now the company's stocks can be said to be very dispersed.

  By acquiring in the secondary market and gradually contacting those small shareholders of British Logistics, Caesar Fund soon increased its shareholding to more than 35%!

  At present, Britain has not yet opened up open competition in the postal industry, and even the proposal in this regard has not yet begun to be discussed.

  Therefore, in the case of British Logistics, the local market in the UK has always been blocked by the huge obstacle of the "Royal Mail" in front of it, and its development has been restricted. They can only avoid the other party's postal projects and find other ways - their main focus is still on developing the global market.

  Moreover, at this time, after experiencing the Internet bubble crisis from 2000 to 2001, the global logistics industry has just begun to improve. However, in the global market, Yingyun Logistics still has many competitors, and their strength is quite strong.

  Therefore, at this time, Caesar Fund is buying the shares of Yingyun Logistics from some small shareholders at a certain premium, and the other party will easily be tempted.

  In general, the process of Caesar Fund's acquisition of British Logistics can be described as smooth - if the major shareholder of British Logistics was really strong enough, it would not have been acquired by Deutsche Post next year in the original time and space.

  After holding 35% of the shares of British Logistics, Caesar Fund has in fact become the largest shareholder of this British logistics giant. Next, they announced that they would make a tender offer for British Logistics at a premium of 10% based on the previous market value of British Logistics!

  For physical businesses like logistics, the premium will not be too high when they are acquired, because the revenue and profit of such businesses are relatively stable, and their market value can better reflect the actual value of the company. There is no such thing as underestimation, at least it will not be undervalued too much.

  Therefore, the acquisition price of 10% premium offered by Caesar Fund is currently relatively well accepted by shareholders of British Logistics, and the possibility of success is very high.

  At this time, Caesars Fund's CEO Pete Friedman had also stabilized the management of British Logistics. After the acquisition, British Logistics would not only be able to reach a deeper cooperation with Argos Retail Group and become its strategic partner, thereby obtaining a relatively stable business, but Caesars Fund would not make any major adjustments to the management of British Logistics. It would only obtain a certain number of seats on the board of directors after Barron became chairman. Therefore, its management still welcomed their acquisition.

  So from the current perspective, the tender offer in a month will most likely achieve the results they want.

  Under the current circumstances, unless other companies emerge and offer a higher acquisition price than Caesar Fund...

  However, even if Caesars Fund completes the acquisition of British Logistics, if they plan to merge "Speedway" Logistics Company into British Logistics, they still need to obtain approval from the regulatory agency, the Competition and Markets Authority (CMA) of the United Kingdom...

  This problem will not be too big. After all, the scale of the "Speedbit" logistics company itself is very small. With the existence of a domestic giant like Royal Mail, the merger of British Transport Logistics and Speedbit does not involve any monopoly issues.