Rebirth: Super Banking System

Chapter 1765: Chapter 1595: No Choice (Requesting Subscription!)

No strength.

Everything is empty.

Looking at the man in front of him, Mr. Ma took a deep breath, contemplating the pros and cons of this matter. MIH’s stocks come with no voting rights, only dividend rights, but it might not be the same for ERV.

ERV is not an investment institution.

They actually get things done.

Just watch?

Unlikely.

If so, it would be a major obstacle for him to control Penguin. But to be honest, he also wanted ERV to come in, as a strong ally could save him a lot of trouble.

Competing with Tang Qing.

Penguin is already at a disadvantage.

If they can’t find a way to counterattack, they will truly be gradually marginalized. WeChat’s red packets and bank card binding feature went online on the 18th, and despite rushing, they only went online today, but to mediocre effect.

No comparison.

No harm.

The first to eat meat.

The second to drink soup.

Penguin is the third one, and the outcome is predictable.

Torn.

"What does ERV want?" he asked, looking up.

"Penguin’s channels."

"Why don’t you build your own?"

"Too slow."

"Can you be like MIH and not interfere with the company’s operations?"

"Yes, you can remain the chairman of Penguin, and receive ERV’s equity support and technical support, even funding support to help you secure your position in the industry."

Then, added a sentence, "At least, it’s not easy to fail."

"..."

Hearing no interference with management rights.

Mr. Ma breathed a sigh of relief.

If so.

It’s not impossible to negotiate. Compared to the not-so-powerful MIH, the support of this emerging technical consortium is obviously stronger, perhaps could turn defeat into victory and recreate the glory of the PC era.

Cough, cough.

Although it doesn’t seem too glorious for years, but not as bad as now.

"Technical support, primarily in what?" Mr. Ma asked curiously.

"Games, network security, cloud computing, etc. You should be aware of our technological prowess, especially in gaming, which should bring considerable returns to Penguin in the future."

"Mm-hmm."

Mr. Ma nodded.

The profitability of games.

Just look at ERV.

"Warfire"

"World"

Profit skyrocketed from these two games.

Last year’s financial report shows the revenue from these games and peripherals was 13.57 billion dollars in 2007. Of course, this is before tax, but it’s already quite terrifying, right?

It’s like printing money.

Of course.

This is also due to the unreasonable updating of the games, seemingly endless, with in-game props charging brilliantly, plus various advertising businesses, already unmatched in the global gaming industry.

And this.

Is just one of ERV’s current sources of income.

So wealthy that there are no friends.

A consortium.

That’s not just for show.

Then.

Mr. Ma spent a full half hour asking about some details, and the personnel sent by ERV answered them one by one. Although not entirely satisfied with the answers, it was much better than expected.

"I agree to ERV acquiring the shares in MIH’s hands, but as for whether the other shareholders have any objections, I do not know." Mr. Ma said, speaking thus but knowing the overall situation was set.

The two biggest shareholders agreed.

Other shareholders, even if they opposed, couldn’t change it.

"They should agree."

The representative from ERV smiled.

The fact is, upon knowing ERV’s entry, another minor shareholder said not a single extra word.

...

Afterwards.

He informed the other members of the founding team.

"Isn’t this too hasty?"

"Yeah."

"Why not consider it for a few more days?"

"No preparation at all."

"ERV is not to be underestimated."

"..."

Everyone talking at once.

Not opposition, just feeling it’s too sudden. This isn’t an ordinary shareholder, but Penguin’s largest shareholder is changing, owning as much as 37.5% of the shares, even if it’s only dividend rights, it’s a big deal.

For quite a while.

Mr. Ma pressed his hand down.

The scene quieted.

"I know, this matter involves much, but do we have a choice? ERV choosing Penguin is not a single event, but rather a signal of moving into the Huaxia market."

"If they do not invest in us, they will invest in others, and by then, we will have one more unfathomable rival. Don’t say we have an advantage with our Penguin. Previously, I believed this more."

"But, look at ERV’s other investments, live broadcasting, video, social interaction, instant communication, movies, games, which were not once industry giants, seemingly invincible, but what about now?"

"Since there’s no choice, don’t dawdle."

After so many years of entrepreneurship.

Mr. Ma also has authority.

"..."

At these words.

No one responded, not out of cowardice, but because of the logic problem; yes, this is a matter without choice, missing it, and Penguin might indeed become a case study.

A case of failure.

"Can we break out of the encirclement?"

"Not necessarily, in the instant communication market, we didn’t lose to technology, but to perspective, which is an extremely broad proposition, temporarily relying on ourselves." noveldrama

"However, we still have a breakthrough point—games, which is what ERV excels in and is also our main source of profit. Now our best method is to stabilize the advantageous position."

"Tang Qing’s company is not strong in games, and with ERV’s support, other gaming companies in Huaxia can no longer be our opponents." Speaking of this, Mr. Ma was a bit excited.

ERV’s promise.

Is simply too tempting.

"Okay."

"Seems good."

"This is the only way."

"..."

This far along.

Agree.

Became a choice acceptable to everyone.

...

The next day.

At the board meeting.

Everyone was warmly welcoming the complete exit of MIH, after all, it was MIH selling their stocks, not much to do with them, as for snatching some shares from ERV, don’t be ridiculous.

Snatching food from a wolf’s mouth.

Don’t think life isn’t exciting enough?

This way is also good.

With MIH, who had been just watching, gone, and the arrival of the overwhelmingly strong ERV, perhaps it could save the current declining trend, it’s a very favorable piece of news for everyone present.

With resolution.

The equity transfer between ERV and MIH was completed at lightning speed.

Money was in the account.

MIH profited and bowed out.

"Your decision is wise."

After MIH left.

A new board meeting was held, and ERV’s chairman personally... projected over, being able to do that, Mr. Ma was already quite pleased, after all, the other side is the leader of a consortium, ridiculously wealthy.

Penguin.

In their eyes.

Is just a small company at best, one can imagine, once this news is announced, Penguin’s stock price will see a surge, there has never been a company that ERV invested in that didn’t rise.

At present.

Ali’s market value has surpassed 60 billion dollars.

And Penguin?

Less than 10 billion dollars.

To be honest.

Heart-rending.

Hope to ride this gust and let Penguin kiss the sky once. It’s also because of this huge disparity that he agreed so quickly to let ERV, this wolf, come in, otherwise, he would surely have considered for a while.

...

On June 30th.

In the afternoon.

With Hong Kong stocks nearing closing.

Penguin announced a new list of shareholders, and instantly, Penguin’s stocks exploded!