Time Group went bankrupt. Its equity was immediately nationalized and put up for auction.
Due to the recent plummet in Time Group’s stock price, its starting bid was set at an absurdly low level.
Once acquired, it could quickly be converted into substantial profits, making it a highly lucrative opportunity.
Thus, it became Nash’s primary target. This was his first major move in the domestic market, as he needed to demonstrate his capabilities to penetrate the upper echelons of Qualcomm’s power structure.
He needed to earn the recognition of others.
Currently, he was far from being part of Qualcomm’s elite circle.
“2. 3 billion,” Nash said calmly.
He stated his bid directly. For Time Group, he was willing to go up to 5 billion. Anything above that would require careful consideration, as it would be harder to resell and the profit margin would shrink.
Marblegate Group was an investment firm, not an operational company. They lacked the immediate capability to run Time Group efficiently.
During this period, maintaining the company’s normal operations would also incur significant costs.
Therefore, Nash aimed to acquire Time Group at a low price and sell it quickly to maximize its value.
“2. 5 billion!”
A cold voice echoed from the VIP room above, clear and distant like spring water, exuding a sense of aloofness.
Nash looked up towards the source of the voice, but the mirrored glass revealed nothing. He knew he was up against a formidable opponent.
The mirrored glass in the VIP room was designed to protect clients’ privacy. It allowed those inside to view the entire auction hall while remaining unseen from the outside.
Who was inside?
“2. 8 billion,” Nash said calmly.
This price was still far from his limit; he could hold out longer.
“3 billion-”
A cold male voice came from another direction.
A young man in a white shirt sat there, his expression calm, barely glancing around as if 3 billion was a trivial amount to him.
“Who is this guy?”
Everyone was shocked. The bidders for Time Group seemed to be outsiders, making the auction more intriguing.
Nash was unknown in Stresall; he had no reputation in recent years.
The young man in the white shirt exuded an aura of wealth, likely from an old-money family. He wasn’t a local either.
As for the woman who had bid earlier, her identity remained a mystery.
This auction was turning into quite a spectacle.
After a brief pause, an icy voice from the VIP room announced, “4 billion!”
Everyone gasped. An increase of 1 billion in one go-this woman was indeed wealthy!
For many present, even selling everything they owned wouldn’t amount to 1 billion.
Yet, she casually raised the bid by 1 billion. The disparity was striking.
“Who is this woman? She’s incredibly wealthy.”
Charlotte was equally stunned. Typically, high-value items were more valuable when acquired at lower prices.
Wasn’t raising the bid by 1 billion a bit rash?
Quentin smiled, “Actually, regardless of how it unfolds, this auction was bound to reach 4 billion. She’s merely shortening the bidding process, not acting impulsively.”