Back To 1995: Chapter 532 Awareness
Chapter 532 Knowledge
Ken Griffin, who had just finished dealing with the trouble, was in a bad mood when he saw the news on TV.
" San Jose News reported that PayPal, an emerging Internet payment platform, is negotiating an acquisition with Prosperity Bank of Houston. If the acquisition is concluded, PayPal will officially enter the banking industry in America!
Before, Goldman Sachs had just made a venture capital investment in PayPal, and PayPal’s valuation had exceeded US$10 billion. This is another Internet technology company established by Bruno Song. Before that, there were already companies such as Double Click, ICQ, and American Telecom…”
Watching the news on TV, Ken Griffin felt more uncomfortable than he made money. Here, he just spent tens of millions of dollars in "deposits" and fines to get through the difficulties. Over there, PayPal But he was already crazy, and he got a huge amount of venture capital and bought a bank. Thinking about his situation, Ken Griffin was even more frustrated.
Take a deep breath, Ken Griffin knew this one, and he lost again. He originally wanted to create some public opinion and disgust Song Yang.
Unexpectedly, Song Yang slapped Ken Griffin with a backhand. This time, Ken Griffin not only lost face, but also became a representative of Wall Street's "villain". Tens of millions of dollars, the castle hedge fund's short selling in Southeast Asia, after he left, people were panicked and didn't make much money at all.
In this wave, Ken Griffin killed a thousand enemies and lost a hundred thousand himself. Song Yang was so disgusted that he didn't know it, but he was out of luck.
But this time it was hard to get through the difficulties, and Ken Griffin clearly felt that Song Yang's strength and influence had far surpassed him.
Song Yang's method this time is quite similar to the routine played by those powerful figures in America. First, he mobilized public opinion and poured all kinds of true and false dirty water on Ken Griffin, making Ken Griffin Riffen's image became rotten overnight, and he became a representative of Wall Street "vampires" and "leek cutters".
Then through public opinion and personal connections, put pressure on the New York inspection department, the Securities Commission, the Securities Investors Association and other departments, and then cooperate with some states and Capitol Hill to wave the flag and successfully beat Ken Griffin into a cross-street Rats, those MPs donated by Ken Griffin, did not dare to come forward to help Ken Griffin clean up.
Ken Griffin will not swallow this breath, he is also a genius, but he was smitten when he faced Song Yang twice, but for a person like him, it is impossible to give up easily without returning all these , Ken Griffin will never let go of his heart for the rest of his life!
But now, Ken Griffin knows that it is not time to face head-on collisions. He can no longer handle head-on collisions, but Ken Griffin is willing to wait for a suitable opportunity, just like a viper catching prey Snake, as long as you wait quietly, you will always find a chance to make a move.
Ken Griffin, who had calmed down, was once again attracted by the voice on the TV.
"Prosperity Bank issued the latest announcement that it has reached an acquisition agreement with PayPal. PayPal has acquired 51% of Prosperity Bank for $650 million. In the future, Prosperity Bank will be renamed Houston PayPal Bank!
In this acquisition, PayPal completed the acquisition through cash and equity transfer, and it is expected to invest 200 million US dollars in cash. Bank of Comerica, Goldman Sachs, and Deutsche Bank Investment Bank announced that they will provide support for PayPal..."
When he saw this, Ken Griffin turned off the TV directly. The result was not beyond his expectation, but the completion of the acquisition made Ken Griffin understand that it would be very difficult to deal with Song Yang again. Not one and a half stars.
Obtaining a bank is not as simple as getting an extra license, which means that PayPal has already sat on the same table as the bank giants on Wall Street, although PayPal's cards are not worth mentioning at this time.
And Song Yang, who owns PayPal, will also soar again in strength. This kind of thing will not see any impact in the short term, but as time goes by, PayPal, which has a federal bank license, will help Song Yang. getting bigger.
Those who also paid attention to the negotiations between PayPal and Prosperity Bank, as well as John Harder and a group of investors who bought shares in Prosperity Bank, and the institutions that fished in troubled waters were also a little nervous at this time.
If the acquisition fails, then they probably have to be caught in it. Naturally, they are concerned about the result of this negotiation.
When the New York Stock Exchange closed, John Harder was already fidgeting, and there was no result yet. The longer the delay, the greater the risk!
John Harder saw that there were already many people who couldn't bear it and were afraid of risks, so they dumped the stocks of Prosperity Bank in advance, just because they were afraid that there would be some bad news later, and wanted to sell , could not be sold.
Just when he couldn't bear it anymore and was about to throw it away, he saw the stock price that was still jumping up and down, and a straight line appeared in an instant.
It was really a straight line. On the electronic screen, the stock price of Prosperity Bank, as if on a rocket, rushed straight to take off on the spot. John Harder blinked a few times, and then saw the original The ups and downs of the stock price instantly pulled from around $35 to $50 in one go!
This kind of play is obviously not the play of bank stocks, but more like the technology stocks on the NASDAQ next door, which can play the stock price like a roller coaster.
John Harder watched Prosperity Bank’s stock price, which was suddenly pulled to $40, $50, and then fixed at $63 at the last moment before the market closed.
This price has already surpassed the highest price of Prosperity Bank’s stock price of US$58, and the market value of Prosperity Bank has broken through to US$4 billion in one fell swoop. No, it should be called PayPal Bank now!
John Harder has seen the announcement of the completion of the acquisition, and Prosperity Bank has become a thing of the past, and it will be the PayPal era in the future. As for how much money was acquired, Prosperity Bank made a profit and lost money. John Harder didn't care, he only knew that his retirement money for the rest of his life would be settled...
At the last moment, it is clear that Wall Street investment banks and institutions still have some unfinished business for Prosperity Bank. If it is not for the lack of time, they may be able to push the stock price even higher!
John Harder opened his account and looked at the Prosperity Bank stock, which was worth more than 2.14 million U.S. dollars. His cost price was 17 U.S. dollars, and now the Prosperity Bank stock price has already It reached 63 dollars, that is, in this wave, John Harder made more than four times, and the principal of more than 500,000 dollars has soared to more than 2 million dollars.
He won the bet. A pension of more than two million dollars is a huge sum of money in America. If he goes to a place overseas with low consumption for retirement, then he will have a pretty good life for the rest of his life!
However, what makes John Harder entangled now is whether to sell the Prosperiti Bank stock in his hand tomorrow, and then cash out and leave.
After the completion of the acquisition today, various analysts who were not optimistic about Prosperity Bank before had a sudden change in speech today, with frequent rhetoric. For Speriti Bank, this is just the beginning!
"Double tens of billions of stocks!"
Some analysts even put forward new terms, thinking that the valuations of PayPal Payment and PayPal Bank will both exceed tens of billions. If PayPal Payment goes public through a backdoor and merges with PayPal Bank, then this stock will actually Worth more than $20 billion...
These remarks and analysis are what make people’s blood boil and blood boil. If it weren’t for John Harder who had just climbed the roof once and suffered a big loss, he might really believe this.
John Harder, who knows a little bit about Wall Street routines, knows that the next Wall Street institution is going to speculate in PayPal bank stocks. Unlike those traditional banks, PayPal Bank has many gimmicks. It can be said that it is a bank stock or it is a bank stock. It is an Internet concept stock. Anyway, wherever there is limelight, just blow it there!
After all, traditional banks cannot speculate, but Internet banks, electronic payment concepts, etc., can all be speculated. As for whether PayPal makes money or not, no institution cares at all. If it doesn’t rise for a while, and Internet concept stocks don’t make money, the stock price doubles and goes up!
In a hotel in San Jose, after the acquisition agreement was reached, PayPal held a banquet here. Conor and a group of Prosperity Bank executives were present. The executives who followed Conor also expressed interest To build a relationship with Song Yang, after all, both parties will be their own people in the future.
"Boss, I represent the board of directors of Prosperity Bank for this cup. The board of directors asked me to tell Song you that Prosperity Bank will fully cooperate with PayPal. The board of directors of Prosperity Bank will be restructured in the near future! "
Conor held up his glass and said that the board of directors of Prosperiti Bank is very knowledgeable. As soon as the agreement was completed, they immediately showed their favor to Song Yang. Signs of delay.
It's not that the directors of the sub-bank have changed their temper, but... they have earned too much. As soon as the agreement was announced, the stock price hit a new high, which made the original directors of the Prosperity Bank a bit more valuable. The market value of knives is not out of reach. In this case, how can they cut off their own money, and now they are happy to let PayPal toss.
"To Prosperity Bank, to PayPal!" Song Yang raised his glass and said to the crowd.
(end of this chapter)