I want to be a chaebol

Chapter 88 Win the agency rights of "Legend"!

Song Yi didn't know at first that Chen Tianqiao and Chen Zaiyong had actually joined forces to deal with him. He is now accompanying the Kim Tae Hee sisters to visit the mansion he bought at No. 330, Seongbuk-dong.

Kim Tae Hee looked at the lawn courtyard outside the single-family villa and said to Song Yi, "Black must like this yard very much. He can have fun in the yard."

Jin Xiyuan prefers the private swimming pool on the second floor. "If there is a swimming pool, I don't have to go to the gym to swim."

Song Yi is also looking forward to seeing Kim Hee-won's cool outfit in a swimsuit in summer. It's good to feast your eyes on it. "There is a separate gym in the villa with basic fitness equipment. When the time comes, there will be a separate SPA room. After exercising, I can have another SPA. This feeling is perfect!"

Song Yi's new home is not far from Zhou Mengxian's home, only a few hundred meters away. Zhou Mengxian is next to the official residence of the Japanese Embassy.Bae Yong Joon, Lee Min Ho and Lisa in Black Pink all later bought luxury homes in Seongbuk-dong.

Most K-pop stars still prefer to buy apartments in Cheongdam-dong because the business district is nearby, and Seongbuk-dong is very quiet.Kim Tae Hee doesn't like excitement. If she doesn't have work, she prefers to stay at home alone to pass the time.

"OPPA, when we move here, let's buy another cat so that Black can be a companion." Kim Tae Hee suggested.

"Okay, you can buy another dog. We can find a partner for Black. Otherwise, I'm afraid that he, a single dog, will feel pretty when he sees a cat." Song Yi joked.

The house has been transferred and Song Yi only needs to add some furniture to move in. Song Yi also needs to equip the house with a nanny, driver and bodyguard.

The Hyundai Family has assigned Song Yi an exclusive personal bodyguard named Cha Tae-sik. He is a retired soldier of the South Korean Marine Corps. Cha Tae-sik has been working for the Hyundai Family since before he entered the army.

However, the villa definitely needs to be equipped with other security forces. As Song Yi's career grows bigger, commercial eavesdropping is not uncommon.This is why many large companies do not allow the use of social software in the company.

However, Song Yi does not need to collect business intelligence yet because Chen Fuzhen notified him in time.When he learned that Samsung C&T had invested US$20 in Shanda Network, he couldn't help cursing. No wonder Actoz had not signed a contract with New Asia Network for a long time. It turned out that Chen Zaiyong was holding back the company.

Chen Zaiyong is currently the executive assistant of Samsung Electronics and belongs to the middle management of Samsung Electronics. In 09, Chen Zaiyong served as the vice president and chief customer officer (CCO) of Samsung Electronics for the first time, officially entering the core management of Samsung Electronics.Fortunately, Chen Zaiyong could only use some of Samsung's resources to deal with him. Song Yi was not afraid of the Samsung prince.

Chen Zaiyong's current personal net worth may be higher than that of Song Yi, but his wealth is more concentrated in the stocks of Samsung's companies, while Song Yi controls the entire New Asia Entertainment and can mobilize more funds.For example, Song Yi can easily come up with 1000 million US dollars now, while Chen Zaiyong can only come up with so much money by selling stocks.

"Chen Zaiyong, Chen Zaiyong, you invested in several Internet companies last year and lost money. Now you dare to let Samsung C&T invest in Shanda Network. Although US$20 is not much, if this investment fails again, I'm afraid you will lose face. Doesn’t it look good?” Song Yi thought to himself.

By the end of June, Chen Tianqiao received bad news. Actoz rejected Shanda Network's share plan, and Wemade handed over the exclusive agency rights of "Legend 2" in the mainland to New Asia Network.

Chen Tianqiao was a little surprised. He contacted Cui Xiong urgently, "Representative Cui, are there any parts of our Shanda plan that Actoz is not satisfied with?"

Cui Xiong shook his head, "Mr. Chen, it has nothing to do with your company's share plan. The main thing is that Song Yi gave too much."

Chen Tianqiao was at a loss, why did Song Yi give too much?How much money can Xinya Network give?There's no way he could just spend US$500 million or even US$1000 million to win the exclusive rights to represent "Legend 2" in the mainland, right?

If this is really the case, Shanda Network's sharing plan is certainly not attractive at all. One is the direct $500 million, and the other is the potential $500 million. Any fool knows which side to choose.But why did Song Yi do this? Isn't this killing a thousand enemies and damaging himself by eight hundred?
Chen Tianqiao was a little unwilling, so he contacted Chen Zaiyong and wanted to know what means New Asia Network used to win the agency rights of "Legend 2".

Chen Zaiyong had already received the news, and he felt his face was burning. Samsung C&T had just invested US$20 in Shanda Network, and Xinya Network had defeated Shanda Network and obtained the agency rights for "Legend 2". Isn't this Song Yi? Hit him in the face naked?

He urgently contacted Samsung C&T and asked why Cui Xiong's attitude had changed and why Samsung C&T did not prevent New Asia Network from obtaining the agency rights for "Legend 2".

Samsung C&T has obtained the details of the cooperation between Xinya and Actoz. Song Yi’s proposal is indeed very attractive, and Cui Xiong simply cannot refuse.

Song Yi knew that Actoz was preparing to go public. New Asia Investment Co., Ltd. invested US$480 million in Actoz in exchange for 6% of Actoz's equity. Actoz's pre-IPO valuation was US$8000 million.In addition, New Asia Network purchased the 720% equity interest in Wemade held by Actoz for US$40 million, including the copyright of the "Legend 2" game, including subsequent games developed based on "Legend 2" of copyright.

Of course, when Actoz sold Wemade's equity and the copyright of "Legend 2", it had already obtained the consent and understanding of its subsidiary Wemade.

When Chen Zaiyong learned the details of the cooperation between Xinya and Actoz, he took a breath, "Isn't this guy Song Yi crazy? In order to get the agency rights of "Legend 2", he was willing to spend 1200 million Dollar?"

No wonder Cui Xiong said that Song Yi gave too much and Actoz really couldn't refuse.

For Actoz, Xinya’s cooperation plan has two major benefits for Actoz:
First, by selling 40% of Wemade's equity and the copyright of "Legend 2", US$720 million was recovered, which can be used as profits and directly reflected in the company's financial statements.For Cui Xiong, "Legend 2" itself is a tasteless project, and this is definitely a good deal.

Second, New Asia Investment Co., Ltd. made a surprise investment in Actoz before its listing, which further increased Actoz’s valuation. New Asia Investment Co., Ltd. became Actoz’s cornerstone investor.

In the eyes of Korean investors, Song Yi's Xinya Group is also an affiliate of the Hyundai Group. Xinya Investment's $480 million in financing has also increased investors' confidence in Actoz and can help stabilize Actoz's stock price after its listing.

Shanda Network obtained the agency rights of "Legend 30" for US$2, but New Asia Network invested 1200 million first, but Song Yi felt that he did not suffer a loss.If "Legend 2" can continue to be a hit in the mainland, he will make a lot of money.

Song Yi spent US$720 million to acquire 40% of the equity of Wemade, as well as the copyright of "Legend 2" and derivative games based on "Legend 2". This is what Song Yi values ​​most.

On November 04, 11, in order to solve the copyright issue of "Legend of Legend", Shanda Games acquired 29% of Actoz's equity for US$9170 million in cash. In 29, Shanda Network became the controlling shareholder of Actoz Network, holding a total of 07% of the shares.
By 21, Actoz's market value was RMB 6 million, while Wemade's market value was RMB 60 billion. The 40% equity of Wemade alone was worth RMB 24 billion.

01年6月28日，新亚网络和Wemade公司正式签署了《传奇2》的代理合同，按照合同约定。新亚网络以300万美元外加10%的分成条件，拿到了《传奇2》在内地市场的2年代理权，比之前2年100万美元的报价高了不少。

Although Park Guanhao is not satisfied with the 10% share ratio, Xinya Network has become the major shareholder of Wemade and has the copyright of "Legend 2". He has no good way to fight against Song Yi.And for Wemade in its early stages, an agency fee of US$300 million can help the company continue to operate.

Song Yi remembers that the share ratio between Shanda Games, Actoz and Wemade is 29%. Of the 29% share fee, Actoz gets 30% and Wemade gets 70%, which means that Wemade gets 20.3%.
Later, Wemade felt that the 20.3% share ratio was too low, and many lawsuits were filed in South Korea and China surrounding the copyright issue of "Legend". Wemade had been in litigation with Shanda and Actoz over the copyright of "Legend" for more than ten years. It's not over.

Wemade later authorized Mainland Kaiying Network to operate "Legend 3", but was sued by Shanda, who believed that "Legend 3" infringed Shanda's "Legend World".

If "Legend" achieves one million in revenue a day in the mainland, then Wemade will still feel that the share ratio given by New Asia Network is too low. When the agency contract ends in 03, Wemade may still make mistakes.

Fortunately, New Asia Network has obtained the copyright of "Legend 2" and is the major shareholder of Wemade.By then, Song Yi will undoubtedly have many more cards to play than Chen Tianqiao at the same time.

However, no matter how much money "Legend" does in the mainland, it has nothing to do with Actoz, and Actoz has already been eliminated.At that time, it will be a contest between Song Yi and Park Guanhao.

Park Guanhao is a game production genius. He developed "Legend 2" almost single-handedly. He is also the soul of Wemade. If Park Guanhao leaves Wemade, "Legend" represented by New Asia Network may come to a standstill.

Song Yi must now make two preparations. First, help New Asia Network grow into an Internet giant within two years by acting as an agent for "Legend 2". At the same time, he will act as an agent for other online games to prevent New Asia Network from being too dependent on the game "Legend 2".

Secondly, New Asia Network must reserve more technical talents to replace Park Guanhao.New Asia Investment Co., Ltd. invested US$480 million in Actoz. In exchange, the technical developers of Actoz's "Legend" and "Legend 2" will work at New Asia Network Co., Ltd.

In addition to this, Song Yi plans to acquire another 03% of Wemade's equity from Xinya Network before 11, completely controlling Wemade, and making Wemade a subsidiary of Xinya Network.

If Song Yi completes this step, then only New Asia Network and Wemade, a subsidiary of New Asia Network, jointly own the copyright of the "Legend" game, then the copyright dispute for "Legend" will be completely over. Song Yi is very hopeful that the "Legend" game will be Big IP becomes an evergreen tree for mainland online games
　The second update is presented
　　
　
(End of this chapter)