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On the other side, the Hong Kong Stock Exchange issued an announcement.
"As of 5pm yesterday, Xingmeng Entertainment has successfully acquired 94.06% of TVB's shares, and yesterday was the acquisition closing date."
So far, the TVB acquisition rumors have settled.
The announcement from the Hong Kong Stock Exchange, coupled with the news from the official website of Xingmeng Entertainment, was like a blockbuster, detonating the media in the entertainment circles in mainland China, Hong Kong and Taiwan, and even the Japanese media reported it.
Until then, the media still maintains an attitude of speculation.
But now it has been publicly confirmed, and domestic TV people who learned the news were in awe.
Because this incident is not just a simple commercial merger and acquisition case, but has been interpreted into two versions by the media.
Hong Kong and Taiwan media interpreted it as the end of the legend of Hong Kong Chinese TV.
TVB is the weathervane of Xiangjiang TV. Behind its rise and fall lies a problem that Xiangjiang TV people cannot avoid: the rise and fall of Xiangjiang TV.
The mood of Xiangjiang TV people is complicated, sad, lost, and a little sour. It seems that they have lost a toy that they have been with since childhood, and they also seem to have lost a memory.
The mainland media was naturally in a different optimistic and positive mood. In the afternoon of the same day, Nanfang Daily published an opinion article with the title: "Taking control of Xiangjiang TVB, injecting new blood into the Asian TV legend."
According to the Hong Kong Taiwan News, "Yang Fei, the president of Wanye Investment Group from Mainland China, has successfully reached an agreement with Mr. Shao Yifu, the president of Xiangjiang TVB Group. Xingmeng Performing Arts purchased 45.78% of the entire TVB Group held by Mr. Shao and his daughter. The shares and convertible bonds were valued at approximately HK$6.2 billion. Since then, Xingmeng Entertainment has become the largest single shareholder of TVB, which was once one of the four most popular kings and is known as the legend of the Chinese television industry. On March 18, the Hong Kong Stock Exchange issued an announcement , Xingmeng Entertainment has successfully acquired 94.06% of TVB's shares.
It is reported that a total of more than 10 billion Hong Kong dollars was spent on this acquisition. "
Some analysts said: "The emergence of this merger will become a watershed in the strategic changes in the Asian television industry pattern from geography to creation."
No matter what, today will be an important memory day for Xingmeng Performing Arts and even for the Chinese entertainment industry.
Star Dream Entertainment was born!
The speed of its rise is not only unique in the entertainment industry, but also in other industries where capital is rampant. Therefore, some authoritative financial media commented on this phenomenon as a "thousand-industry assault" and praised its chairman Yang Fei as a "capital fast player"
What does it mean when Wanye Investment owns TVB?
If expressed in chronological order, first, TVB is one of the most familiar Chinese production brands overseas. As early as the 1970s, it began to devote itself to the production of Chinese TV and promoted it overseas. Although he has entered his twilight years, A production company that has cultivated production talents recognized by Hollywood, including the Four Kings, is a "wave" that will never fade away. This is what the big guys in the Chinese TV industry dream of;
Second, TVB is now the leader in the Asian film and television industry. Needless to say how important channel dominance is;
Third, TVB is a listed company and can achieve resource allocation and capital operations through additional issuance of shares, value-added share expansion, asset swaps, joint investment projects, mergers and acquisitions, etc. TVB, which ranks as the leader of Asian TV, also accelerated the pace of TVB's development in mainland China because of its combination with Aiqiyi.
The media has already sniffed out Yang Fei¡¯s ambitious plan.
Xingmeng Entertainment is going to build a super entertainment empire!
Media reporters across the country wanted to interview Yang Fei, but he hid in the International Hotel and played hide-and-seek with the reporters.
So, at 5 pm that day, the TVB company building in Xiangjiang, the Xingmeng Entertainment headquarters in Pengcheng, and the Xiangjiang International Hotel were surrounded by hundreds of reporters.
The journalists are very determined not to accept interviews and will never give up. Even if you can't drive them away, reporters are all uncrowned kings.
No way.
Xingmeng Entertainment CEO Zhao Yaxin came forward to explain to reporters that a press conference would be held.
When the time comes, everyone will definitely be invited to be present and let them speak freely. The reporters left with satisfaction.
After Xingmeng Entertainment acquired TVB and the share price of iQiyi, the total market value soared to 45 billion.
Acquisition of iQiyi is only the first step. The second step is to target TVB. Now that tvb is acquired, Xingmeng Entertainment has tvb online and iQiyi offline. It has its own platform both online and offline
At this point, Yang Fei¡¯s entertainment empire has begun to take shape.
"The reporter blocked the entrance and exit of the hotel and couldn't get out, so we can't broadcast live today."?Yang Fei could only sit in the room alone and continue browsing other portals.
At this time, Tencent Entertainment¡¯s interview with iQiyi Entertainment Manager Zhao Xia came to his attention.
In this report, Zhao Xia said: "TVB is a legend of Chinese-language TV, and iQiyi is a young entertainment company. I hope that in the future, iQiyi's new ideas can be injected into the large platform of TVB to jointly create a new legend in the new era of Chinese-language TV."
TVB has been developing entertainment business in Hong Kong for more than 30 years and is the leader in Hong Kong¡¯s television industry.
iQiyi is very pleased to cooperate with TVB. Combining the valuable experience of TVB and the established TV platform in the Asian market will definitely help the group's TV business reach new heights. In the future, iQiyi hopes to combine TVB¡¯s previous production experience and capabilities to create greater success. "
Yang Fei also noticed that a special page has been opened on the official website of iQiyi with a big title: "Salute to TVB, to pay tribute to that golden era"
This special report attracted countless netizens, and naturally also attracted Yang Fei.
The special webpage lists in detail all classic TVB films from 1970 to 2001, which evokes the collective memories of many netizens.
"I miss that innocent era, good or bad!"
"I miss that simple and happy era, and wish TVB to achieve greater glory again."
"Suddenly, TVB TV has accompanied me through my childhood!"
¡°There are so many familiar TVs, I¡¯m so embarrassed to realize that they are all TVB TVs.¡±
"When I was a kid, there were no Internet cafes or TVs here. There were only small video halls like those on the street, which showed Hong Kong movies, and a small TV that everyone knows."
"Bless TVB and Aiqiyi for their marriage!"
"I wish TVB will be reborn from the ashes and produce better and more classic TV!"
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