The White Tiger Fund of Xinghe Capital publicly acquired SanDisk's shares in the secondary market. KKR contacted Hynix and Yinhu Capital communicated with Qimengda. At the same time, the three parties' joint contact with Erbida put pressure on Micron. The big moves of the three companies did not allow the US regulatory authorities to come forward to stop it, but instead had more encouragement. The market was so pessimistic and there were still people who acquired against the trend, which had to be said to have given considerable encouragement to the market, especially the semiconductor market.

SanDisk's stock price rose by 5% in response, and White Tiger Fund suspended the acquisition.md, I also want to take advantage of it, so Zhou Shi would not deliberately raise the price for the acquisition.

Micron is very complicated. Micron CEO Appleton is very interested in Zhou Shi's expansion of the loss scale of the storage industry and suppressing competitors. He is also more than he is interested in. Zhou Shi, who was very surprised, saw the information given to him by several assistants, and then he realized that Micron had a precedent for price manipulation and was notorious. This time, seeing such a crazy plan, she actually performed more positively than Zhou Shi. It turned out that they did not believe in the ability of Xinghe Capital at the beginning, so they did not have the desire to negotiate. This time, with KKR's endorsement, their confidence suddenly increased.

After Appleton signed a contract with KKR and determined that it would increase its investment, it actually took the initiative to contact various shareholders and communicated one by one. If it were not for Appleton's assistance, it was quickly screened out. Some were willing to be acquired, some were unwilling to be acquired, some agreed to expand their investment, and some opposed this. If it weren't for Appleton's assistance, it would be unknown how long it would take.

Fortunately, the world is not very good. Although Xuanwu Fund and Baihu Fund are acquiring Micron's stocks, Micron's stock price is still falling while deliberately maintaining the pace. After SanDisk rose for a day or two, its stock price continued to fall. If you want to speculate, it depends on whether it has the strength.

Seeing Micron cooperated so much, Glenn Hutchins and others returned to Silicon Valley. Several people gathered together for a meeting and bragged about chatting.

"Chimonda may be bankrupt!" Glenn Hutchins spoke violently.

"Bankruptcy! How big is their market share?" Zhou Shi was not too surprised

"About 10%!" Glen Hutchins

"A lot, it seems we are going to speed up the negotiations," Zhou Shi said after thinking for a while.

"Yes, after Qimengda went bankrupt, our acquisition became even more difficult." KKR's person

Several people in the room were holding coffee, pretending to drink leisurely. Since this is the case, Zhou Shi also followed suit. At this time, he was far less enthusiastic about this matter. After all, the more people participated, the fewer the rights he received. And the less help he helped the country. Even if he was not successful this time, Baihu Fund could become a shareholder of Micron through open market operations and then join the board of directors.

"Let's raise the offer!" Glen Hutchins spoke in the end.

"I agree in principle!" Zhou Shi did not object.

"We agree, too." KKR also expressed his support.

Originally, the price of the acquisition could be controlled at US$4 billion. This time, the price increase is voluntarily raised and if you want to reach an agreement in the shortest time, you will definitely have great pain. How to bid is also knowledgeable. Raising the price a lot in one breath will make the original shareholders have more expectations. The price increase is too small, which will make shareholders hesitate. Zhou Shi acquired Spreadtrum Communications by directly slamming them with the price, and successfully won Spreadtrum. If you give it to a giant like KKR, you should not be able to get this price. But Zhou Shi did not regret it, after all, time is too late!

Just as Zhou Shi was worried about acquiring Micron, Tianhe Securities' American company's acquisition of Saab was extraordinary. It initially offered a price of $800 million and started negotiations. Then Tianhe Securities launched an investigation into Saab. It was found that Saab, Hummer and Saturn may face losses of more than $1.1 billion, of which Saab may lose $450 million.

Faced with this situation, Tianhe Securities certainly bargained without hesitation and finally reached a wholly-owned acquisition agreement of US$500 million. Only when the United States and Swedish governments agreed to this acquisition will US$500 million be immediately received. There are also a series of patent licensing agreements, such as the White Tiger Fund to acquire the Lion Automobile and General Motors Global Technology Operations Company established by Saab, referred to as gto (gto is a subsidiary of General Motors, and has ownership of all intellectual property rights in the production and manufacturing process, and all external technology authorizations are made by gto) to reach the Automobile Technology Literature Lion Authorization Agreement: gto authorizes Saab, a subsidiary of Saab, to exercise non-exclusive use rights necessary for Saab's production, manufacturing and services worldwide. If the use rights are not transferred, Saab does not need to pay the patent usage fee.

.You should know that among Saab's existing models, the 9-3 was developed on the GM EPSilon platform since 2002, and the property rights belong to GM. Saab 9-7x is a sports utility vehicle, developed on the GM GM T360 automobile platform, and produced since 2005. The property rights also belong to GM. Without these authorizations, Saab Automobile would be difficult to survive. Originally, GM wanted to make the contract details more in line with General Motors' interests, but the temptation that the acquisition funds of the White Tiger Fund or the Lion Motor can be received at any time made them ignore many risks. In addition to the one that whether it is the White Tiger Fund or the Lion Motor transfer Saab again, all preferential policies and measures require the consent of General Motors. It can be said that GM gave Saab a lot of autonomy, and even the development of subsequent models of Saab can also receive General Motors technical support.

General Motors' power in the United States is unimaginable to nouveau riche like Zhou Shi. General Motors' ability to move far exceeds that of Bezos and others. Before the end of 2008, the White Tiger Fund completed all the procedures for acquiring Saab. Zhou Shi and others did not please the union, did not make any promises to the employees and management of Saab, and just completed the acquisition directly. As expected, poverty restricted Zhou Shi's imagination. It turned out that the union was not so strong in the face of a giant that was about to die.

With the joint efforts of many parties, the final agreement was finally reached. A tripartite consortium composed of Xinghe Capital, Silver Lake Capital and KKR acquired Micron Technology for US$4.5 billion, and Micron delisted from Nasdaq.

Although it is 4.5 billion, the actual expenditure is only US$2.025 billion. The three parties have only acquired 45% of Micron's equity. The remaining shareholders who hold 55% of Micron's shares are willing to continue to hold and implement plans to expand industry losses.

There are two parts of Micron's shares actually held by Xinghe Capital. Some are held by three-party shell companies, with 18% and the other part is held directly by Xinghe Capital, of which Xuanwu Fund holds about 4.9% and White Tiger Fund 3.1%. In total, Xinghe Capital should be considered Micron's largest shareholder. In addition, Micron also issued US$1 billion in convertible bonds and preferred stocks to Huatou, with an annual interest rate of about 10%. The strong Micron has begun a new journey, and the world's memory industry structure has changed!
Chapter completed!