Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 345 Reclaiming Wanzhong Media
Seeing that Qin Wei and Le Mengyao had both agreed, Luo Siqi had no choice but to remain silent.
Fortunately, this is just Li Xiaofeng's idea for the development of the two companies. Li Xiaofeng has not yet even achieved controlling stake in the media structure, so he still has a chance to prevent this from happening.
If what Li Xiaofeng said is true, he might lose the company, Jigage Media, forever.
Li Xiaofeng nodded to the two men with satisfaction, and continued with a smile: "After the company receives the money I invested, it will continue to develop in accordance with the development direction I have planned, and we cannot stop."
If we stop moving forward, we risk being overtaken by our competitors. Therefore, in order for the company to maintain its leading position in the industry, development cannot stop.
Luo Siqi complained irritably, "Right now, the largest companies in the domestic advertising industry are Gage Media and Wanzhong Media. Once the two companies merge, what competitors will they have?"
Li Xiaofeng smiled and shook his head, saying, "That's not necessarily true. Sometimes what gets you killed isn't your competitors, but those from other industries. The advertising industry doesn't have much high technology or technological barriers; it only has industry barriers."
What if one day a large capital firm has too much money and doesn't know where to invest it, and wants to use the money to start a new advertising company?
Therefore, we must solidify the company's foundation, capture more and more market share, and continuously build a strong competitive advantage for our company.
Qin Wei's face showed approval, and he nodded, saying, "President Li is right. As expected of the founder of Wanzhong Media, you are forward-thinking and have a sense of crisis!"
Le Mengyao also gave Li Xiaofeng a meaningful, charming smile.
However, after the meeting ended, Li Xiaofeng immediately took the initiative to find Luo Siqi.
Li Xiaofeng didn't mince words and said bluntly, "You've seen the current situation. If you still want to build a media empire, I'll give you one last chance."
"By exchanging shares, return my Wanzhong Media to me and reimburse all additional expenses I incurred for this acquisition. Any shortfall will be refunded to me in cash!"
Li Xiaofeng has already spent 2 billion yuan to acquire shares in Gage Media, while it would only cost him about 1 billion yuan to get back the shares he sold earlier.
Luo Siqi was quite surprised to learn that Li Xiaofeng had taken the initiative to find him, as he had been somewhat desperate.
Things took an unexpected turn, and Luo Siqi seemed to regain some confidence. Coupled with the pride that comes from the blood of a large family, he said somewhat unwillingly, "I can return Wanzhong Media to you, but why should I reimburse your acquisition costs!"
"This is all because of your stubbornness. I gave you a heads-up before the acquisition!"
Li Xiaofeng was getting impatient and said sternly, "Luo Siqi, what time is it now? You still want to bargain with me? If you really piss me off, I'll swallow Gear Media whole."
As you've already seen, Qin Wei and Le Mengyao are now inclined to let me take over Kage Media!
We're all business people; I just want to get my things back.
"I don't want to break ties with you, but that doesn't mean I'm afraid to!"
Of course, the reason why Li Xiaofeng only wanted to take back his Wanzhong Media was not to save face for the Luo family, but because he really did not want to acquire Gage Media.
Architecture Media is a company assembled by Losi through numerous mergers and acquisitions. Not only are there significant asset premiums involved, but the management team is also comprised of numerous small cliques, making complete integration no easy task.
A good company isn't necessarily the biggest; what's more important is its growth potential.
Although Li Xiaofeng described the broad prospects for the merger of the two companies in his speech, it was just something presented on a PowerPoint presentation. There is still a long process before it can be actually implemented.
Li Xiaofeng is a time traveler who is very familiar with future development trends. For him, there are many better projects waiting for him to do, so there is no need to hang himself on this tree.
More importantly, doing this will also win him favor with other business tycoons, who will see him as someone who is not greedy but someone with whom long-term cooperation is possible.
Now that things had come to this, Luo Siqi had no other choice but to agree to Li Xiaofeng's conditions.
Luo Siqi is the founder of Gear Media. His shares were already much higher than those of Qin Wei and Le Mengyao. With the addition of Li Xiaofeng's shares, any decision could be easily made.
Qin Wei and Le Mengyao were very surprised when they heard at the shareholders' meeting that Li Xiaofeng was going to withdraw from Gage Media.
Le Mengyao asked, puzzled, "Xiaofeng, what are you up to? Why are you quitting all of a sudden? Wouldn't it be better if we all worked together and developed together?"
Li Xiaofeng glanced at Luo Siqi and said with a smile, "There's a saying that goes, 'Two tigers cannot share one mountain, unless one is male and the other female.' Perhaps we can work together privately sometime!"
Faced with Li Xiaofeng's blatant flirting, Le Mengyao simply replied with one word: "Get lost!"
As the legitimate daughter of the Le family, she had to uphold her dignity in public.
Qin Wei also earnestly tried to persuade him to stay, saying, "President Li, I greatly admire your business acumen. The fact that you were able to establish a company like Wanzhong Media already proves your capabilities."
I sincerely hope you can stay, and that we can all work together to develop Gear Media.
Li Xiaofeng smiled and said nonchalantly, "It's probably related to my childhood experiences. I'm used to being a loner, and unless necessary, I prefer to work alone."
Architecture Media is a company founded by President Luo. A gentleman does not take what others cherish. There is no need for us to make such a fuss over a mere company. If there is an opportunity, we can cooperate on other projects in the future!
As for this time, let's just forget about it for now. I'm already quite satisfied with getting my Wanzhong Media back. One should know one's limits and not be too greedy!
Not long after, Li Xiaofeng acquired all of Wanzhong Media's shares from Gage Media with only 10 billion yuan.
With the remaining money, Luo Siqi used the funds he had previously raised from Li Xiaofeng to allow Li Xiaofeng to withdraw all of his shares from Gage Media.
Qin Wei and Le Mengyao were very unhappy about this, as they had only received half of the financing, which was insufficient to address their predicament.
Therefore, Qin Wei and Le Mengyao protested together, demanding that Luo Siqi reissue a portion of the shares to continue financing Gathering Media.
Issuing new shares at this time will definitely further lower the stock price of Kage Media. In addition, the premium acquisition issue exposed by this turmoil will leave these messes for Luo Siqi to deal with.
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