In June this year, cool announcements announced that subsidiary shares cool 2.19 billion yuan, as the second-largest shareholder, Zhou hongyi has indicated in the letter that "who stabbed a knife in my back, trying to screw me, my principles are sure to fuck back. "
Later, Zhou hongyi said "I left my mobile phone was released, I'll show you how I fuck back" now singularly cool mobile phone release, Zhou hongyi outburst at last. Do not help farmers agricultural innovation is
Beijing time on September 8, qihoo 360, announced that it has recently written notice cool company requires cool company in accordance with the shareholders ' agreement, purchased 360 on both sides in the joint-venture company all held by 49.5% per cent stake, valued at about US $ 1.485 billion.
Zhou hongyi why angry? Qi will play it? we look.
A, 360, cool, music video love triangle
Zhou idea of mobile for a long time, soon rise as early as 2012, millet, Zhou hongyi 360 phone, Haier, TCL has worked, but did not make it.
On December 16, 2014, the cool 360 found a new partner, they formed an odd, preparing to launch new mobile phone brand. Cool was weak because operators subsidies is also in trouble, prepared offline operators wire operation, and great brands on the line joint venture with 360, so that market isolation, do online with the 360 and cool, cool yourself offline and operators (cool there are a ivvi high end brands).
360 and cool seem ideal for ways of cooperation, a hardware and a software, complement each other, but joined the unsettled situation.
On June 29 this year, bought a stake in Hyundai Chairman Guo Deying 18.5% became the second-largest shareholder.
Cool and odd cool market isolation, but depending on the orientation coincides with the odd cool completely. Competitors and their partners, Zhou hongyi was stabbed a knife in the back.
However, Zhou did not immediately attack, odd cool's first product, after all, has not published (by the way, strange cool 1999 the 6 inch cell phone, I personally think it is a very good phone. )。
360 cooperation also continued with the cool, but to continue to cooperate in the process of, Zhou hongyi felt the change, in 360 's own words is Zhou hongyi had made compromises, with cool and acceptable even in reality, but if cool cool support curiosity mobile phones, in terms of intellectual property rights, supply chain, staff must have the support of shareholders.
But on the cool party support has been unable to put in place a few months, as the intervention deepens (into the cool Board), cool and even more cool when your competitors and odd non-joint venture companies.
A woman marries Zhou hongyi had endured, and when your competitors, Zhou hongyi, of patience, so there will be a force today.
Second, the fight for better cooperation
According to the odd cool East agreement, if the default behavior of cool companies, 360 were entitled to exercise the put option, its entire stake at market price sold twice times to cool companies.
Cool cooperation with the music video, and 360 cool have defaulted, acts in violation of competition agreements, so 360 decided to exercise the put option. Requires cool company to buy 360 at 1.485 billion dollars held by a joint venture company.
According to cool if the violation of the terms of the agreement, introduced the competitors, 360 can be solved in two ways: one is to subscribe for shares of the half in odd cool cool all stakes; the other is 360 twice times the market price can be requested at the time of the interest held all the 360 sells cool, after completing the delivery 100% electrical contractor company owned by cool.
360 does not choose to pay instead of cool cash to buy back, this is to abdicate. As from September 7, Hyundai Group's closing share price, currently worth a total of less than US $ 1 billion, it did pay for huge 1.485 billion dollars, and is meddling in, Jia also pay for $ 1.485 billion. Once executed, for cool are the issues of life and death.
360 announcement said this action is to immediately cool to stop damage cooperation Act back together to build a first-class odd cool cell phones on the road. This notice was mainly resolved commercial differences between shareholders and the cool team's normal operation will not be affected.
Clearly, the left posterior 360 to cool. 360 of the meaning is clear, cool has defaulted, 360 if you can make cool loss and ruin. 360 can also do not perform.
In fact, since June, 3,601 did not get too big, but coordination and cooperation, the question now is the cool 360 not satisfactory even cooperation, 360 to do the big move.
360 mobile phones as a result of a long selection, will not easily give up strategy, and really cool to stop cooperation, will also look for other manufacturers, so 360 give up singularly unlikely.
This post is more of a warning, I can take drastic measures to cool its crisis (in fact cool the stock suspension), but I can also choose not to as a crisis. I want to be better cooperation, you have provided me.
Cool is considered of interest, select full cooperation is clearly more economical, and that Zhou hongyi wanted.
If Zhou hongyi really pay for shares of odd cool, cool it will sell anyway, they cooperate with the music video, the Internet market to do a brand does not matter.
Zhou hongyi let cool to send money to buy back shares, cool can't just compromise and good cooperation on the 360 odd cool cell phone, satisfaction of the Zhou State, and estranged relationship with the music.
So, 360 say odd cool team functioning is not affected.
Chairman Mao said: to fight unity, solidarity, and to give unity unity died. Zhou hongyi it is time to fight.
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