What's with reading and buying Xinli Media?

Wen Yue Group announced today that the board of directors has announced that it has reached a share purchase agreement with the seller. On this basis, the seller conditionally agreed to sell, and Wen Yue Group conditionally agreed to acquire 0/00% equity of the target company (Xinli Media), with a total amount of15.5 billion yuan.

Among them, the value of Tencent Mobile is 5.289 billion yuan, and the value of management sellers is 102 1 100 million yuan.

On the date of announcement, Tencent is the controlling shareholder of Reading Group, holding about 52.66% of the total issued share capital of Reading Group through these wholly-owned subsidiaries, and Tencent Mobile is a wholly-owned subsidiary of Tencent.

After the transaction is completed, the internal structure of Reading Group (Reddy has pictures) is the related person of Reading Group, because Tencent Mobile, Tencent Computer and other member companies of Tencent Group are all subsidiaries of Tencent. Xinli Media once sprinted A-share Tencent to take over the equity held by Light Media.

According to reports, from 20 15 to 20 17, Xinli Media broadcasted ten TV dramas and one online drama. These TV series are mainly produced or co-produced by Xinli Media, including My First Half Life, White Deer Plain, Kite, Biography of Female Doctor and Residual Crime.

Xinli Media released its TV series through Dragon TV, Hunan TV, Tencent Video and iQiyi. Xinli Media also plays its content, advertisements and peripheral commodities through other channels to obtain additional income.

From 2065438+05 to 2065438+07, Xinli Media participated in 9 films including The Story of Wukong, Lover, Shameful Iron Fist, Goodbye Mr. Loser. Xinli Media also participates in the promotion and distribution of films. Xinli Media submitted the A-share prospectus on 20 17. In March this year, the shareholder of Xinli Media, Light Media, also transferred its shares to Tencent. Specifically, Enlight Media sold its 27.6420% stake in Xinli Media to Linzhi Tencent for a consideration of 3.3./kloc-0.70 billion yuan. After this transaction, Enlight Media will no longer hold shares in Xinli Media. On October 25th, 2065438+0310/KLOC-0, Light Media signed the Equity Transfer Agreement with Xinli Media and its shareholder Olivia, and acquired 276,420% shares of Xinli Media with its own funds of 829.26 million yuan. At that time, the reason for the equity transfer was that Olivia always wanted to emigrate, and it was necessary to transfer the equity because of the policy of prohibiting foreigners from holding shares in the domestic film and television industry. According to preliminary calculation, the investment income of Light Media in this transaction is about 2.266 billion yuan (before deducting income tax).

After Tencent took over the shares held by Light Media, Cao Huayi was the largest shareholder of Xinli Media, holding 33.3%, Linzhi Tencent holding 27.642%, the second largest shareholder and Qu Yaqian the third largest shareholder, holding 15.26%.

Huaxing Hechuang and Wanda Film respectively hold 0.408%, and Lenovo Star holds 0. 1224%. Xinli Media's revenue in 20 17 was 65.438+06.7 billion yuan, its operating profit was 400 million yuan, its net profit was 348 million yuan, and its net cash flow from operating activities was-36.5438+00 million yuan. Reading Group's revenue in the first half of the year was 2.283 billion yuan.

Wen Yue Group also released its annual report for the first half of 20 18 today. According to the annual report, as of June 30th, 20 18, the company's total revenue reached 2.283 billion yuan, a year-on-year increase of 18.6%.