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Chapter 698: Twelve percent

Jester wasn't worried that Microsoft's board of directors would reject him either.

In fact, being able to join Jester into their camp is not a bad thing for them.

Moreover, this can save a lot of cash.

At this time, cash flow is the most important thing for a company. Although this money is not much for Jester now, it requires a lot of funds for Sandy Will, who is actively contacting Morgan Stanley and his Traveler Group, which has just been reorganized.

During this period, Traveler Group is raising a lot of financing, and if Jester wants to maintain its shares in Traveler Group, he can only continue to raise funds.

Perhaps only a very small number of people know what Sandy Will’s real plan is.

That is to let Travelers Group, the most popular financial investment group on Wall Street, merge with JPMorgan Chase, a real controller of Wall Street with a century-old history.

Jester knew Sandy Will’s plan, and even knew the final outcome of his plan.

Finally, when both sides talked about the last step, JPMorgan Chase rejected Sandy Will's proposal for some reason. The final outcome was beyond many people's expectations. Although Travelers Group did not successfully merge with JPMorgan Chase, they still successfully merged with Citibank. This was the largest, most amazing and most influential merger case in the entire 1990s.

The two behemoths that can control Wall Street are combined together.

It also made Citibank the world's most influential financial investment group at that time, suppressing their old rival JPMorgan Chase.

With this merger, Sandy Will successfully became the chairman of the board of directors of Citibank after the merger, and became the real leader of this Wall Street behemoth, and the most powerful figure in the entire Wall Street, the entire United States, and even the world.

Jester's layout for more than ten years was for the merger of Sandy Will.

Now, the merger plan has officially begun. For Jester, the wheel of destiny has begun to turn. He just needs to wait quietly, and then continue to replenish his funds to the Traveler Group and maintain his shares in the Traveler Group. Although after the Traveler merges with Citibank, his investment will not increase much.

However, with a position as a director who can attend board meetings of Citibank and holds a lot of voting rights, it goes without saying that in the United States, even in the whole world, it will be an important figure.

However, in this way, there is also great financial pressure on Jester.

Basically, more than 70% or even 80% of his working capital were invested in it.

Microsoft seems to really attach great importance to the indos issue. Three days after Jester's proposal passed by Bill Gates to Microsoft's board of directors, Jester was personally passed by Bill Gates to him, about the reply from Microsoft's board of directors.

First of all, Microsoft's board of directors agreed to Jester's resolution.

They agreed to use Microsoft's shares in exchange for part of Indos' ownership, but rejected Jester's opinion on adding money to 15% of the shares.

Admittedly, the price given by Jester is really not low, at least a little higher than the stock price of Microsoft on the market now.

However, the reason why Microsoft insisted on taking back the ownership of Indos from Jester is naturally that it is extremely optimistic about the potential of this thing. It can be foreseeable that after the indos is released, Microsoft's stock price will soar sharply. Therefore, after discussing the 15% share request for Jester, they did not pass the agreement because they could not reach a unified opinion within the country.

Their offer given by Microsoft's board of directors is only eight percent of their shares.

In fact, Jester did not want Microsoft to agree to his previous offer. Bill Gates said that he agreed only to say that he agreed to Jester's stake in Microsoft, rather than the 15% stake he said before.

You should know that 15% of the shares are the third largest shareholder in Microsoft, second only to Bill Gates and Paul Allen.

This is something many people on the board will definitely not agree with.

This was originally a matter of asking for a lot of money and paying off the money. After receiving Bill Gates' reply, Jester immediately made his second offer. He added cash to one billion US dollars, and he still wanted to buy 15% of the shares. This billion US dollar was basically the largest amount of liquidity that Jester had deposited in advance to ensure that his shares in the Traveler Group could use.

Of course, in Jester's eyes, Citibank's shares are the most important to him in the future, and Microsoft will retreat from this matter.

Although Jester knew that after the indos was released and successful, Microsoft's stock price would soar to an incredible level, despite this, it was still not as heavy as Citibank in Jester's mind.

The second discussion took a long time, but compared to a acquisition of more than one billion US dollars, seven days is really not long. It is because indos is too important to Microsoft today. They need to get it as soon as possible to discuss Jester's second offer so quickly.

Otherwise, it might take a year or even several years to complete the acquisition look at such a level.

This time, Microsoft also refused the answer. The answer they gave was only able to agree to the 12% share application. Moreover, Microsoft obviously did not want to continue the price increase with Jester, and also expressed its attitude, that is, 12% of shares were their greatest possible concessions. No matter how much Jester quoted, they would not change.

Although Jester scoffed at this answer, if he added billions of dollars, Microsoft's directors would probably not really refuse.

However, now he really can't afford so much liquidity to do such things.
Chapter completed!
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