270: Chapter 270: A preliminary agreement has been reached to acquire Yanhu Vocational School! Funds from Xinghuo Media are being reallocated!

Chapter 270: Preliminary Agreement Reached for the Acquisition of Yanhu Vocational School! Diverting Funds from Spark Media!

As October approached, Dongcheng Real Estate was the first to finally buckle.

They shouted out a minimum price of eighty million, not a penny less.

They would not accept installment payments; they wanted cash only!

For just eighty million, Jufan Holdings would get Yanhu Education and its subsidiary, Yanhu Vocational School... as well as over a hundred million in debt!

Su Yang knew when to stop and had Jufan Holdings reach a preliminary acquisition agreement with Dongcheng Real Estate.

From an asset perspective, Su Yang was definitely taking a loss.

But from a long-term profitability perspective, Su Yang was definitely making a profit.

As for the tens of millions in tuition and fees collected from students at the beginning of September by Yanhu Vocational School, Su Yang had confirmed with the bank that the money was still in the regulatory account, so there were no issues!

Presumably, the bank didn't dare to be anything less than strict, knowing that Dongcheng was strapped for cash.

If the regulated tuition fees went missing, it would likely cause a massive nationwide scandal!

After reaching the preliminary acquisition agreement, Su Yang breathed a sigh of relief.

There were other acquisition tasks ahead, and he estimated he could hold out until next month's payday!

By then, the funds in his hands would be just about enough.

If it wasn't enough, Su Yang would use the funds from Spark Media!

Currently, over thirty million was sitting in Spark Media's account, most of which was earned from 'selling' people recently!

Besides Tao Zhiduo leaving, three other influencers with millions of followers had been poached by large agencies at high prices.

Although they weren't as valuable as Tao Zhiduo,

Spark Media could still sell each of them for three to four million.

After all, these signed influencers had all accumulated a million followers within a year, making them look extremely promising!

It's very difficult for ordinary influencers to achieve such high results in a single year!

Other ordinary signed influencers of Spark Media were also being poached.

When Spark Media hit the trending searches at the beginning of the month, many MCN companies from other places heard that Spark Media was skilled at discovering and cultivating new talent. The boss of Spark Media was known as the 'Midas Touch' of influencers, and local MCN companies were scrambling to poach their signed influencers.

Looking back at the early influencers signed by Spark Media, every single one of them now had a million followers!

The other signed influencers were also developing very well!

Influencers like Ou Li, who had already left and signed elsewhere, were achieving quite good results in other companies... so those companies weren't stingy about spending a few hundred thousand!

If they could poach a good prospect like Ou Li for a few hundred thousand, they would strike it rich!

Because Spark Media now had a widespread reputation and maintained a certain level of popularity, even the few MCN companies sued by Spark Media paid up obediently. Other out-of-town MCN agencies had no intention of going to court with Spark Media either.

This was because the influencers they poached were meant to be cultivated.

If a poached influencer was branded as 'treacherous and unfaithful,' it would be quite detrimental to their future development!

Even the signed influencers who wanted to leave Spark Media would pay attention to this!

What if they didn't know what to do?

Spark Media would teach them!

They would encourage them to take a 'long-term' view!

However, Su Yang also noticed that recently, some local MCN companies were no longer as keen on poaching Spark Media's signed influencers.

After two or three months, some MCN companies that had poached influencers from Spark Media earlier looked at their new hires and began to faintly sense that Spark Media's influencers didn't seem quite so 'excellent' after all!

The boss of Spark Media, Su Yang, who was known as the 'Midas Touch' of influencers... didn't seem so magical anymore!

Otherwise, why couldn't they successfully cultivate the people they poached?

They didn't expect them to be as excellent as Ou Li; just half as good would be fine.

Could it be that their own company's strength was lacking, or they hadn't thrown enough money at them?

Should they be like the boss of Spark Media and throw three million at a single influencer?

However, the news that there might be 'duds' among Spark Media's signed influencers hadn't spread yet.

Everyone was only staring at Spark Media's famous influencers and those who continued to develop excellently after leaving... very few people noticed the large group who, after leaving Spark Media and having massive resources thrown at them by their new companies, remained mediocre!

Those MCN companies saw that the influencers poached from Spark Media had average or even poor results... and they either suspected their own cultivation methods were wrong, or that they hadn't spent enough money, or felt they just needed more time to wait...

Although something felt off, they couldn't really say anything.

After all, only two months had passed!

They would never have dreamed that Su Yang had anticipated their moves in advance.

The ones sold to them were either duds or prone to causing trouble.

Or they were individuals who liked to hop between jobs or go solo.

It was still early days, so of course, it wasn't obvious yet!

But Su Yang also knew that by around October, those MCN companies wouldn't all be staring at Spark Media anymore.

For one, the explosive growth period for Spark Media's influencers had passed.

The vast majority of those influencers who could reach a million followers within a year accumulated their fans slowly.

They couldn't explode into fame directly like Jiang Yan and Ji Junlan.

So the period when they became million-follower influencers was mostly in the latter half of the year, with more appearing the closer it got to year-end!

Secondly, the increased working capacity of Spark Media's employees, the strengthened company buffs, and the increased resources controlled by the company would also allow some signed influencers to reach a million followers ahead of schedule!

Thirdly, Spark Media's funds were about to be diverted, so they wouldn't be able to throw money at influencers as aggressively as before.

In the past, a large portion of the million-follower influencers were entirely 'ripened' by money!

The company would sell people on one hand and use that money to 'ripen' signed influencers who were close to a million followers on the other.

Then they would continue selling people!

Now that the money was going to be gone, Spark Media's eye-catching results naturally wouldn't continue!

Having four or five influencers reach a million followers every month would certainly be top-tier performance.

But it definitely wouldn't be as exaggerated as before!

Even with money, Spark Media couldn't replicate its previous explosive results, mainly because the high-potential influencers Su Yang found early on were either already 'ripened' or were still some time away from a million followers.

There was now almost a gap in the company's roster of influencers with seven or eight hundred thousand followers!

As for those with no potential, Su Yang certainly wouldn't throw too much money at them; that would simply be a waste!

Arriving at Spark Media, Su Yang met Yu Siying: "How much money do we have in our account?"

"Over thirty-four million!"

Yu Siying said with a smile.

Although the company had lost a few influencers to poaching, this massive cash flow still made her happy!

She joked with a smile, "Boss, do you want to buy a luxury car? A Ferrari, a maybach, a Rolls-Royce, or something?"

"What, are you looking down on my car now?"

"I'm just kidding!" Yu Siying said hurriedly. "I just feel that now that our company has money, the boss deserves a better car!"

"Since the company has money, alright, let me tell you something," Su Yang said, following Yu Siying's lead. "Next month, the head office will need to use the funds in your account!"

"How much?"

"Estimated to be twenty million!"

Su Yang had calculated that he hadn't spent a penny this month, so forty million was still in the account.

Combined with next month's forty million, he could buy Yanhu Education.

This twenty million from Spark Media was mainly prepared for Fengyuan's layout in Lin City!

It might not all be used, but it was better to be prepared!

"Ah?"

Twenty million?

Yu Siying felt like the sky was falling.

This was the first time Su Yang had diverted funds from Spark Media.

"Boss, we hired many new employees this month, you see..."

"Just pull through next month!" Su Yang said with a smile. "There's definitely enough to pay salaries, since you are also making a profit. I'll give you a bonus then."

"Alright then!"

As long as there was a bonus, Yu Siying was willing to endure any grievance!

Su Yang glanced at the documents on Yu Siying's desk and was attracted by the three large characters 'Hide and Seek' on the outside of a folder.

"What is this?"

"It's a show we're preparing, modeled after the popular Hide and Seek games on YouTube. We invite a group of adults to hide within a designated area, and then 'hunters' go find them. It can be held in abandoned factories, hospitals, haunted houses... If the hunters can find the Hiders, they get a large cash prize, and the same goes for the Hiders!"

"This show is indeed good and quite attractive!" Su Yang nodded. "I've scrolled past similar ones!"

"Yes, we can also send some of our female influencers there. If it's done well, we can even cooperate with scenic spots, amusement parks, supermarkets, and arcades for joint promotion."

Su Yang thought for a moment and said, "You can ask Jiuxiang Food for some sponsorship fees!"

"Okay!"

With a sponsor, why would Yu Siying refuse?

This show was quite promising, at least according to the Business Deduction.

Currently, Spark Media's short and medium video planning and production team was quite solid.

They were all hand-picked by him personally; even Ronghua couldn't compare!

Su Yang suddenly remembered to ask, "How is Jiang Ling's account data?"

"Quite good, I feel she has a future!" Yu Siying said with a smile. "She mostly posts daily life shares from the company and occasionally features our signed influencers. Her follower count is growing quite fast... the videos are all vetted by us before being posted."