Everest buys Blue Harbor online deal terminates Wang Feng: selling the company is too painful

August 2 News, yesterday Everest information issued a notice that will terminate the major asset restructuring, shares on the August 2 recovery card. The announcement heralded the termination of Everest's deal to buy Blue Harbor online. Blue Harbor CEO Wang Feng said in the micro-letter, to give up his own hands to start the company very painful, and frankly love money more love Blue Harbor. Everest information issued in the evening of July 3 announced that because the company is planning a major asset restructuring matters, the stock has been suspended since July 4. Subsequently, the news that the major asset restructuring is the Blue Harbor online investors launched a takeover case. The August 1 Everest announcement disclosed the contents of this major asset reorganization. The bulletin said that the Everest information initially proposed to take the private issue of shares and pay cash for the acquisition of Blue Port Online (Beijing) Technology Co., Ltd. (hereinafter referred to as "Blue Port Online") and blue Port Online (Beijing) Network Technology Co., Ltd. ("Blue Port Network Technology") of the full equity; The company also raises supporting funds to not more than 10 special investors for Non-public offerings, and the total amount of funds raised does not exceed 25% of the total transaction value. The announcement said that the two parties to the transaction price of the underlying assets, the structure of the transaction and the trading plan there are certain differences, the company has carefully considered the decision to terminate the planning of the major assets reorganization matters. The company's shares opened on August 2 and pledged to refrain from planning the major issue within 3 months from the date of the stock recovery. Wang Feng, CEO of Blue Harbor Online, said in his reply to Dena, China's chief executive, that "to give up the company that I started, it would make me feel so miserable ..." No matter how many clouds ahead, I will lead the blue Hong Kong people to continue to go on, I love money, but I love Blue harbor more. "At the same time, Mingxiang, chairman of the Blue Harbor Online co-founder, director and president of the Everest message, said Blue Harbor Team no longer consider the sale, or hope to seek independent development, Mingxiang said:" 7 years ago I give up the value of tens of millions of shares follow Wang Feng to start a business, today to give up billion instant return to do Blue Harbor ... We want to be a great company. "This April, Wang Feng announced Blue Port online officially transformed mobile gaming company, research and development power will be all focused on their hands to swim." At present, its mobile phone games "Sword of the King" of the month water has exceeded 40 million, during the ChinaJoy this year, Blue Harbor online released a second hand tour of the "Sky Sword". In the first half of the 2013 China Hand Travel Market report published by Analysys International, the Blue Port online is ranked as the Chinese hand research and development manufacturer, after the digital sky, with 3.5% market share. And the recent rumors of the palm of the technology will be 2 billion yuan Price acquisition ranked fifth in the game crab technology, the Huayi Brothers bought a 50.88% per cent stake in Silverside technology at a price of 672 million yuan last month, although Everest did not disclose the offer, but some in the industry estimated that the price should be no less than 1 billion yuan if a wholly-owned acquisition were to be made. China's hand tour industry this year shows explosive growth, Analysys International data show, only the first half, Hand Tour market size reached 5.013 billion yuan, doubled over the same period last year, industry outbreak has also triggered a hand tour industry acquisition tide, in addition to silverside and play crab, knowledgeable acquisition of all the technology, Datang Telecom acquisition of Guangzhou to play, the acquisition of green Bao Hot cool Rumors, the second half of the year is expected to still have a number of acquisition cases occurred.