章 396: Chapter 245 Once a Classmate

Tengying Entertainment was set to sell 10% of its shares for six billion.

Just as the vice president of Penguin was preparing to bargain with them and even wanted to press for a lower price,

the president of Alibaba's major entertainment division had already hurried over to make contact.

Seriously speaking, Penguin and Alibaba had been evenly matched over the past two years.

Each was a king in its own right.

Baidu, which belonged to the same league, had its stock price collapse this year due to the Wei Zexi incident,

and was no longer in the same category.

Bringing in Penguin as a strategic partner for Tengying Entertainment was a strategic goal, and Alibaba didn't seem quite as necessary.

It was said that after Alibaba made contact with Tengying Entertainment, Penguin reported overnight to Old Ma.

The very next day, he rushed to Magic City to sign the agreement.

Six billion was really just a drop in the bucket for these internet giants.