Why does Phoenix sell some information?

Why does Phoenix sell some information? On the morning of March 25th, Phoenix.com announced that it would sign a contract with the buyer after the trading hours of Hong Kong stocks on March 22nd to sell the information shares under the Group. The selling price includes overseas stock selling price of 448 million USD and domestic stock selling price of 3,765,438 RMB+920,000 RMB.

Phoenix TV said that considering the future development plan of science and technology, sales will provide an excellent opportunity for the group to withdraw.

Directors also believe that the sale will make the company gain considerable benefits, and strengthen the company's cash reserve as the company's future development, that is, when they encounter investment opportunities, they can further expand the types and contents of products.

According to public information, Phoenix New Media, a non-wholly-owned subsidiary of Phoenix Vision, paid US$ 6 million in June, 20 14, and obtained about 9.34% ownership of information operator particles. 20 14 February, Phoenix New Media increased its shareholding in Particle to 18.42%.

2065438+In April 2005, Phoenix New Media obtained Class C convertible debt of Particle at a cash price of 30 million dollars, and obtained additional Class A common stock at a price of 27.6 million dollars.

20 16 12, Phoenix New Media obtained the D 1 of Particle with a convertible debt of 20.7 million dollars.

This new capital operation and organizational structure adjustment caused an uproar before a little information.

On June 5438+ 10 this year, Li Ya, CEO of Little Information, was dismissed and Ren Xuyang, chief consultant of Baidu, took over.

In the direction of the company's development, Li Ya and the shareholder Phoenix New Media have different opinions. The former wants the company to dismantle VIE and seek listing in China independently, while the latter doesn't want to lose control of information.

Before this month, the CEO with little information became Ren Xuyang. With the adjustment of ownership structure and the entry of new funds, the phased mission entrusted by shareholders was basically completed, and he officially resigned as CEO of the board of directors.

From March 4th, Yang Yuxiang, former president and CEO of Ping An Securities, took over as the new CEO of IT.

At the stage of major strategic development opportunities, Yuxiang's rich experience in the A-share capital market will help the company to connect with the domestic capital market quickly and smoothly. Ren Xuyang said that he returned to the level of the board of directors and supported Yang Yuxiang's long-term development of information.

In less than 60 days, the information changed frequently twice, and experienced a large number of financing for major shareholders to transfer old shares and issue new shares.