The second working day after the beginning of autumn, August 12, Tuesday, today is the most lively day since the establishment of nextdoor.

Feng Yiping was unwilling to talk about that show and arranged the press conference in a small building in the company. Mike was taking a group of people downstairs to intensively check all preparations. Upstairs, Feng Yiping, Jin Ling, Buchanan, and Zhou Xinyu were having a hot chat with the shareholders and management of Coin Star.

Yesterday, on August 11, nextdoor signed an acquisition agreement with Coin Star. To a certain extent, it can be said that both parties are already a family - except for those directors who do not serve in the company on the Coin Star board.

Feng Yiping was very satisfied with the work of the former management of Coin Star. After listening to Feng Yiping's future plans and arrangements, the management was also very satisfied with the company's future development prospects. Most of the executives decided to stay.

Of course, although there are no changes to their positions for the time being, because Merbuck is still in CEO, future adjustments will definitely be necessary, such as CFO for key positions.

Although they have changed their owners, these executives are very excited like Zheng Jiayi who came here on the first day. They also yearn for and look forward to a new chapter that will be opened soon.

"This kind of mental state only seemed to have only been there 2,000 years ago," said Merbuck, among the people who had followed him since the beginning of his business.

"Thank you Feng, thank you for letting them and me rejuvenate their passion for entrepreneurship,"

"No, Merbuck, I should thank you. If it weren't for your support, the acquisition wouldn't have been so fast or smooth,"

This time, the ability to acquire an agreement instead of being forced to openly make a publicly forced tender offer, that is, a malicious acquisition. Merbuck, as the founder and company CEO, played a very important role in this.

He is less than 35 years old this year and is at his peak in all aspects. However, after the rapid development of the first few years of his business and entering the new century, like many companies, the development of the Coin Star he founded has stagnated.

This was his career and goal to strive for for his whole life. Therefore, he had been thinking about new directions and ways out, but he had never gained anything. After a whole day of exchanges and debates with Feng Yiping, the measures proposed by Feng Yiping impressed him, and the future depicted by Feng Yiping also made him feel excited.

From that day on, he was an active supporter of the acquisition plan. Of course, this has something to do with Feng Yiping's promise that he is still responsible for the specific operation of the company and the company's name remains, which is also related to what Feng Yiping promised.

In short, this billionaire, who is also a hard-working billionaire, is full of passionate expectations for the second start-up that is about to begin.

With his exemplary role, it is very important for Feng Yiping to do the work of Tong Coin Star management.

The non-management shareholders of Coin Star have long been dissatisfied with the current situation and returns of Coin Star. Feng Yiping's offer provided them with an excellent opportunity to leave.

These two items directly and profoundly affect the next process. Otherwise, Feng Yiping would have to start a malicious acquisition plan.

This will not only increase costs in all aspects, but also have considerable risks, which mainly come from local governments.

Although the United States adheres to the law of market freedom at the federal level to encourage and support mergers and acquisitions among enterprises, local states are opposed to mergers and acquisitions, especially malicious mergers and acquisitions.

As the main executor of the state's corporate laws, state courts have always stood on the side of the acquired companies in the struggle between acquisition and anti-acquisition.

Their interpretation of the acquisition law through precedents is often tolerant of the anti-acquisition strategy of the acquired companies, and the requirements for companies that initiate malicious acquisitions are very strict.

This is actually a kind of local protectionism, because in the view of the state court, maintaining the stable continuous operation of local companies in the state and protecting the interests of management and employees who are closely related to the state are far more important than protecting the interests of "predators", "seagulls", "vultures", "liars", and shareholders who attack the state companies.

Therefore, Merbuck's support and help saved Feng Yiping a lot of time, opportunity cost, and of course, capital cost.

"Fon, Merbuck," Buchanan walked over, "the time is about the same, and the media has entered,"

He is very excited that this merger and acquisition, as a striker, also made great contributions, and the acquisition of a listed company on Nasdaq will also be another brilliant achievement in his career.

In order to make this moment more brilliant, he did not hesitate to mobilize all his relationships. Not only did the main media in the west, but even the well-known media in the east were invited by him.

"Then let's go down?" Feng Yiping stood up with a smile.

"please"

He and Merbuck walked side by side, with Jin Ling following behind, and behind were executives of the two companies.

The small hall downstairs was already crowded with reporters from all over the United States. Most of them were not very clear about what the Buchanan and nextdoor gourd were selling. They were chatting with their colleagues and guessing.

Nextdoor has developed rapidly and has expanded to Canada, and there are more and more functional sections on the website. What is the big news that Buchanan and the Public Relations Department have said?

Seeing Feng Yiping and Mobuck coming together, some reporters who knew Mobuck quickly had a guess. Could it be that? What is the market value of Coin Star?

There were many reporters who had such a guess, and instantly, the photojournalists began to take photos crazily.

Buchanan walked to the front stage with a smile, "Dear guests, friends from the media, thank you for your visit. Now, please invite us, the founder and chairman of nextdoor, Yiping and Mr. Feng, to announce an important company initiative to you,"

This is the first time Feng Yiping, who is still popular in the United States this year, made a public appearance and speech in front of so many American media.

Many reporters think this trip is right. Feng Yiping, a world-renowned scholar, the richest man in mainland China, and an idol of world youth entrepreneurship, has appeared publicly as the founder and chairman of nextdoor in the United States for the first time. This is very newsworthy.

"Dear guests and friends, thank you very much for your support to nextdoor. First of all, I want to introduce you to a friend, who is the founder of Coin Star and CEO, Mr. Merbuck,"

Merbuck stood in front of the stage and waved to the audience with a smile.

"After a period of in-depth contact and communication, nextdoor's subordinate blueseaonellc,"

Feng Yiping used the name "Blue Ocean 1" without thinking about it.

"I signed a merger agreement with Coin Star yesterday. After the merger, the name of Coin Star Company will not be changed. The original 'cstr' on Nasdaq will still be used. For specific matters, please see the announcement released later."

"Wow", immediately raised his hands and clapped his hands, "Feng" and "Feng", the reporters were shouting and wanted to ask questions.

"Andrew," Buchanan next to him pointed to a reporter from the Wall Street Journal.

"Hello Mr. Feng, please tell me why you chose to cooperate with Coin Star? Nextdoor's main business and Coin Star's main business seem to have nothing in common,"

"The purpose of nextdoor's establishment is to serve all our registered members, which is also the starting point of all our decisions. Acquisition of Coin Star is an initiative for us to provide users with more complete services."

Of course, it is difficult for Feng Yiping to tell the whole reason now, so he only said this reason.

The second opportunity to ask a question was given to Yahoo's financial reporter, who asked Merbuck, "Why did the Coin Star agree to the nextdoor acquisition?"

"First of all, we think there are many things that can complement each other. Coin Star, like nextdoor, also puts users first, and nextdoor's registered users currently have more than 30 million,"

"Secondly, Coin Star's current development has been in a bottleneck period, and Feng has provided good solutions to the current situation of the company. These solutions are very beneficial to users and all shareholders of the company, that is, they are extremely beneficial to the company's development," he said.

"We have always believed that Mr. Feng will lead the coin star with his outstanding vision and ability, continue to move forward and go to another new height,"

"Mr. Feng, the company you established this time is Blue Ocean 1. Will there be Blue Ocean 2 in the future?"

…………

Ten minutes later, Yahoo released the news before the print media, "Nextdoor's blueseaonellc signed an acquisition agreement with Coin Star yesterday. Nextdoor will acquire all the shares of Coin Star for 491.6 million yuan in cash, with an average price of US$19.2 per share. Such a purchase price is 13.62, a premium of 40.1% compared to the average share price of Coin Star in the past 40 days."

Although the amount of this merger is not large, because this merger is associated with Feng Yiping and nextdoor, which is very news-oriented, this news quickly became the headlines of major media and caused heated discussions among many people. (To be continued.)

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Chapter completed!