According to an insider of LeTV, the selling price is several yuan, and more than 50% of the shares of LeTV Music are transferred, some of which are cash and some are debt-to-equity swaps. At present, the nominal handover has been completed, and the previous payment has been paid, leaving only related transactions with LeTV and copyright ownership issues.
According to the confirmation of LeTV's senior management, there are still two issues: First, the delivery agreement between equity and content copyright. Previously, some music copyrights of LeTV were purchased in the name of LeTV, and the copyright ownership needs to be further cut; Second, in the later stage of operation cooperation, the rights distribution mechanism was re-formulated, and LeTV terminals needed the content of LeTV music for blood transfusion in the future, so it is possible to cooperate in the later stage. The above-mentioned insiders said that after the delivery is completed, the listed company will continue to hold about 10% of the shares.
The reporter inquired that the legal person information of industrial and commercial registration has not changed, and the legal representative is still Lei (founder and CEO of LeTV Sports and chairman of LeTV Music). According to the industrial and commercial registration, LeTV Music Culture Industry Development (Beijing) Co., Ltd. was established on 201kloc-0/654381October 4 with a registered capital of 30 million yuan. Its shareholders are LeTV Information Technology Co., Ltd. and Lele Interactive Music Culture Development Co., Ltd.
Letv has been looking for buyers since March 20 17. Letv music executives said that the capital they contacted during the period included Migu Culture and HNA Group, but it was not smooth in the middle and late stages. Tao Yun directly reached an agreement with Jia Yueting, and finally decided to sell the controlling stake of LeTV and Yizhi to Tao Yun.
On June 28th, E-Share announced a major change, and a new controlling shareholder has emerged. It was later confirmed that the receiver was Taoyun Capital, which acquired Yizhi Holdings for 500 million US dollars. Wen Xiaodong, the legal representative of Tao Yun, is the actual trader behind it.
People familiar with LeTV told reporters that Taoyun Capital is an asset management company and has no management ability. After taking over LeTV Music and Easy Access, one possibility is to sell it to Jia Yueting one day; Another possibility is that Tao Yun packaged and sold the asset and other assets under his banner.
In addition, the office of LeTV Music has been deserted, and employees are expected to evacuate after eleven.