My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.
Chapter 24: Another Trip to South Korea, the Snake-Swallowing-Elephant Plan Begins!
"yes."
Chen Feng loosened his tie, sat down on the sofa, and casually mentioned, "I was thinking of checking out the online game market. I contacted a few companies and found a game called 'The Legend of Mir 2'."
"But these Koreans are too greedy. They asked for a million US dollars right off the bat. I didn't agree. I plan to come back and re-evaluate it to see if this thing is really worth the price."
【The Legend of Mir 2? ! 】
Chen Xiaotian's eyes widened instantly, his shock was indescribable.
[This is the original English name of the legendary egg! Dad's luck is unbelievable! He just went there casually and landed on this golden egg perfectly?]
[Judging by the timeline, it really is the official launch date of Legend of Mir in South Korea. My dad's business acumen is simply phenomenal!]
[But...one million US dollars? Those Koreans must be crazy for money!]
I remember that Legend's performance in its home market of South Korea was actually just average; it wasn't considered top-tier. But when Chen Tianqiao from Shanda approached them next year, they only spent $300,000 to acquire it!
One million? This is outrageous!
Thinking of this, Chen Xiaotian immediately put the toy aside and looked at Chen Feng with a serious expression.
"Dad, I think doing business is all about asking for the moon and then negotiating. If he wants a million, you should bargain him down to a hundred thousand! Just take your time, anyway, there aren't many people in China who are willing to negotiate with them these days."
Hearing his son's thoughts, Chen Feng felt secretly pleased, but nodded in agreement: "Great minds think alike. That's what I was thinking too. Let's leave them hanging for a while, and then try to cut the price down to one-third."
"A game that has only been in open beta for half a month, besides me, I doubt anyone else would be willing to take over this mess. They're in a hurry, but I'm not."
"Mhm!" Chen Xiaotian nodded repeatedly.
One-third, or more than 300,000, is about the same as the historical price. Dad's move was a sure thing.
However, Chen Xiaotian didn't dare to say more, for fear of giving himself away.
But soon, a new thought popped into his head, and he frowned slightly.
Wait a minute, just acquiring the agency rights seems like there are huge risks involved.
I remember that after Shanda grew into a large company, it had a major falling out with the developers. The Korean side, envious of the huge profits in China, created all sorts of obstacles, even threatening to revoke the distribution rights, leading to numerous lawsuits.
The most fatal flaw was that copyright disputes led to the leakage of the game's source code, resulting in a proliferation of private servers and cheat programs, which directly shortened the lifespan of Legend of Mir.
Since you're going to spend money anyway... why not just do it the first time?
Wemade is currently just a subsidiary of Actoz, with little say and little money. If they were to acquire Wemade now...
[By controlling the source, you can modify it however you want later, and no one else gets a share of the profits! That's the real money tree!]
The acquisition of Wemade is estimated to cost around one million US dollars. Although it's a bit more expensive than the agency fee, it's a one-time investment that solves the problem permanently!
[Dad might not have a million US dollars in cash right now, but we can talk about installment payments! Once the down payment is made, the cash flow will be like a flood once the game is released in China. Paying the balance will be a piece of cake, right?]
This is called a snake swallowing an elephant! Absolutely feasible!
......
Hearing his son's crazy plan, Chen Feng felt a sudden chill.
So that company called Shanda encountered so many problems later on? Agents being held hostage by developers is a major taboo in business.
He would never allow such a thing to happen to him.
Now that we know about the potential dangers, we must nip them in the bud.
One million US dollars...
That is more than eight million RMB.
Chen Feng did some mental calculations. He currently had less than 400,000 US dollars in his foreign exchange account, which was equivalent to more than 3 million yuan.
There is still a large gap to reach eight million.
However, the internet cafe generates a steady stream of cash flow every month.
If we can negotiate an installment plan with them, with a down payment of $400,000 and the remainder paid off in six months, then the deal is done!
This is practically an upgraded version of getting something for nothing.
As Chen Feng was pondering this, Chen Xiaotian on the sofa suddenly looked up at him with an innocent expression.
"Dad, is that Korean company you mentioned reliable? What if our game becomes popular and they get jealous and back out? Or what if they find some excuse to cut off our internet? Wouldn't we be at a huge loss?"
"After all, this is an international business deal. If they try to renege on their promises, where can we go to seek justice?"
Chen Xiaotian blinked his big eyes, looking like he was doing this for Chen's own good. "I think if the company isn't big, we should just buy it. Just like buying a house, you only feel at ease when you have the property certificate."
Chen Feng watched his son trying hard to pretend that "children say the darndest things" and suppressed a laugh.
"Hey? Son, you know what, this line of thinking is quite interesting."
Chen Feng slapped his thigh, feigning sudden realization, "A direct acquisition is indeed a good way to solve the problem once and for all. Okay! I'll do as you say. Dad will go to South Korea again in a couple of days. This time, we won't talk about agency; we'll talk about the acquisition directly!"
Chen Xiaotian was stunned for a moment, then scratched his hair in disbelief.
【Wow? Dad's really going along with this way!】
[I hadn't even finished pouring out all my persuasive arguments, and he'd already made the decision?]
[But it's good, saves me the trouble of making up excuses. Dad's got guts; he's definitely going to be a big shot someday!]
Hearing his son's heartfelt words, Chen Feng's lips curled into a slight smile.
Silly son, your father is standing on the shoulders of giants, of course I can see further.
......
Three days later, Seoul, Actoz headquarters.
Chen Feng sat down at the negotiating table again, facing Actoz's general manager, Park Chang-min.
"Mr. Chen, what's your decision regarding the licensing fee for 'The Legend of Mir 2' that we discussed last time? One million US dollars is our bottom line."
Park Chang-min twirled a pen in his hand, looking like he had Chen Feng completely under his thumb.
The beautiful translator, Kim Mi-yeon, relayed the message. After listening, Chen Feng shook his head, a mocking smile on his face.
"No, no, no, Manager Park, one million US dollars is outrageous."
"Over eight million RMB to buy a game with an uncertain future? Forgive my bluntness, but while I think this game has some interest, its performance in your home country of South Korea... doesn't seem to be very good, does it?"
"After half a month of public beta testing, the number of online players is abysmal. With results like that, you dare ask for a million?"
Park Chang-min's face stiffened.
Indeed, the game received a lukewarm reception in South Korea, and could even be considered a failure.
He coughed lightly to cover his embarrassment: "Then, Mr. Chen, what do you think is a suitable amount?"
Chen Feng held up one finger: "One hundred thousand US dollars."
"What?! One hundred thousand?!"
Park Chang-min nearly jumped up. "Impossible! Absolutely impossible! This is an insult!"
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