Chapter 397 - 189: Investment of 50 Million, Total Return of 115 Million

Chapter 397: Chapter 189: Investment of 50 Million, Total Return of 115 Million

Chen Mo looked at everyone in the conference room and said,

"Understood, President Chen."

Everyone nodded.

After the meeting, Chen Mo gave Wu Zicong a call.

"Hello? Chen Mo, what’s your decision?"

Wu Zicong had also received news that competitors had visited Panshi Venture Capital.

To be honest, he was feeling quite uncertain.

After all, even though he and Chen Mo were friends, if the offers were too far apart, friendship wouldn’t mean a thing.

’Surely Chen Mo wouldn’t choose to sacrifice his own company’s interests and sell the shares to him just because they were friends, right?’

’That wasn’t realistic, and he wouldn’t be so shameless as to ask Chen Mo to do that.’

Now that Chen Mo was calling him at the deadline, he was eager to know his final choice.

"Brother Wu, it’ll be a pleasure working with you."

Chen Mo chuckled. He didn’t beat around the bush and directly told him his decision.

"Hahaha, Chen Mo, our partnership is definitely going to be a great one!"

Upon hearing Chen Mo’s words, Wu Zicong couldn’t help but burst out laughing with joy.

Chen Mo had ultimately chosen to sell the shares to their Qijie Game.

’This wave of user traffic is ours!’

"Chen Mo, I’ll have my people start preparing for the acquisition right away. We can get it done in three days, tops."

"You get things ready on your end, too, so we can do a direct handover."

Wu Zicong then discussed some of the acquisition details with Chen Mo.

"I’ve already assigned people to get started."

Chen Mo nodded. Since he had chosen to sell the shares to Qijie Game, he would naturally cooperate fully.

"Great. I won’t say any more thank-yous for now. Once this deal is done, I’ll treat you to a meal and thank you properly then."

Wu Zicong was very busy. After exchanging a few more words with Chen Mo, he hastily hung up.

After hanging up, Chen Mo thought for a moment, then gave Jiang Huiyang a call.

"Hello, President Chen."

Jiang Huiyang’s tone was very polite as he greeted Chen Mo.

Regardless, Chen Mo was held in very high regard by his team.

If it weren’t for Chen Mo’s sharp eye for talent, insisting on investing in their project, they wouldn’t be where they are today.

"Qijie Game is acquiring our 50% stake. We’ve agreed, and the transaction should be complete in two or three days."

Chen Mo relayed this news to Jiang Huiyang.

After all, their collaboration had been very pleasant, and it was only right to inform him in advance.

"Congratulations, President Chen. Congratulations to Panshi."

"It’s just a shame that we won’t be able to continue working with you, President Xu, and everyone else at Panshi."

Jiang Huiyang was slightly stunned to hear this, but he quickly congratulated Chen Mo.

However, his tone carried a hint of regret and wistfulness.

He wasn’t surprised that Panshi Venture Capital was selling its shares.

He was an entrepreneur; Panshi was a VC firm.

It’s perfectly normal for a VC firm to sell its shares and exit after a project it invested in becomes successful.

He had just really enjoyed the feeling of working with Chen Mo, Xu Xiyue, and the others. He cherished the atmosphere of everyone striving together for the project’s success.

’Unfortunately, all good things must come to an end.’

"I’m confident that with your talent, you’ll develop even better games now that you have the funding."

"I look forward to your future creations."

Chen Mo also held Jiang Huiyang and his team in high regard, believing they had the potential to create even more outstanding games in the future.

"Haha, let’s hope your words come true."

"Oh, right. Let me know before you sign the contract, and I’ll transfer Panshi’s dividend payment."

Jiang Huiyang laughed and added thoughtfully.

"Alright."

Chen Mo smiled and nodded.

Pentagonal Game Company had already transferred a dividend payment yesterday.

What Jiang Huiyang was talking about was the dividend for the period from today until the contract was signed and the shares were sold.

Chen Mo knew to do this even without Jiang Huiyang’s reminder.

This was income generated while he still held the shares, so of course it had to be paid out.

After the shares were sold, any future dividends would have nothing to do with him.

「Three days later.」

Wu Zicong sent a senior executive and his team to Panshi Venture Capital, and Chen Mo had Xu Xiyue and her team meet with them.

Ultimately, the two parties signed an acquisition contract for 50 million yuan, selling Panshi Venture Capital’s 50% stake in Pentagonal Game Company.

After the contract was signed, the payment was quickly transferred in full.

Qijie was a major game company, after all. They weren’t short on cash.

Before the contract was signed, Jiang Huiyang’s side also transferred the dividends from the past few days.

As of yesterday, the daily active users (DAU) for the game *Fruit Fruit* had already started to decline, dropping to just 70 million.

By today, it was estimated to be around 50 million.

From the day the game went live until the contract was signed today,

It had generated a total of 266 million in advertising revenue, which was 133 million after the split.

Including the previous dividend and the one that had just been transferred,

And after deducting Pentagonal Game Company’s operating and marketing costs,

Panshi Venture Capital received a total of 65 million in dividends!

Adding the 50 million from Qijie Game’s share acquisition,

This means that Panshi Venture Capital earned 115 million yuan from its investment in Pentagon Game!

Moreover, this money was tax-free—pure profit for the company!

But their investment was only 1 million yuan...

The return on investment for this venture reached an astronomical 11,500%!

In other words, the return was 115 times the investment!

These numbers were simply outrageous.

In the venture capital industry, a return of 200-500% on a successful project is already considered excellent.

A return of 11,500% was enough to go down as a classic case study in the annals of venture capital.