The most typical example of this is Yahoo.

In the previous life, although Yahoo was beaten by a group of rising stars in the end, but even so, Yahoo is still very good.

As for how awesome?

That's because they invested in Alibaba.

In addition, they have a 35% stake in Yahoo stock Japan.

If nothing else, these two companies alone add up to a market value of more than $40 billion.

Although Yahoo was sold for $4.8 billion in the end, this is only the North American Yahoo that was sold.

As for the series of companies that Yahoo has invested in, they have formed a new Yahoo company, which is still a force.

"Mr. Chen, most of the capital has arrived. ”

In the office, Wang Chang introduced the situation outside to Chen Yu.

In fact, Chen Yu has already arrived at the company, but he just won't come out for the time being.

Now it seems that the situation is very good.

Friends has really attracted countless capitals and giants around the world.

Especially seeing Berkshire, Microsoft, Intel...... With their arrival, Chen Yu knew that the valuation of the friend network this time would definitely not be low. Maybe, if one is not good, it can surprise Chen Yu.

"Okay, let's go over it. ”

didn't let them wait any longer, Chen Yu came to the conference room of Friends.com.

This conference room was originally not that big.

But for this financing, the entire conference room was temporarily requisitioned from the original hall.

But even so, so much capital gathered together, it still seems a little crowded.

However, what Chen Yu wants is such an effect.

"Welcome to Friends.com, I'm Chen Yu. ”

Facing everyone, Chen Yu introduced to everyone with a smile.

For Chen Yu, many people in the audience know it.

Even if you don't know, you have checked the information before investing in the friend network.

Although Friends Network is registered in North America, from the perspective of financial relations, it is a subsidiary of Huanyu Technology.

Moreover, Huanyu Technology is very powerful on the Internet in China.

Unexpectedly, a miracle is now also being staged in North America.

The point is, this guy is still very young.

But they're no longer surprised by it.

The Internet is a place full of legends, and many Internet bigwigs are very young when they become famous.

Yahoo's Yang Zhiyuan, Facebook's Zach.

All right.

It is estimated that Facebook will be beaten by friends in the future.

"I believe you have already understood the general situation of our friend network, so I won't say more. At present, our friend network will take out 40% of the shares for financing, of course, I know that so many shares cannot be taken by one company. So, before this fundraising, I'm going to find a lead investor first. The lead investor can own 10% of the shares, and the remaining 30% of the shares will be distributed on a case-by-case basis. However, for the remaining shares, any single entity institutional capital can only enjoy a maximum of 5 points of financing power. ”

Friends.com has had a financing before.

That financing was an angel round.

In fact, there was no shortage of money for the time being, and the financing was to get the support of Bain Capital.

Later, the market value of Friends.com continued to explode, and Chen Yu began to buy back shares of Bain Capital.

From that time, Chen Yu made a lot of money, and Bain Capital also made a lot of money.

But now, the representatives of Bain Capital's side have been hiding in the corner and crying secretly.

They had just sold the shares of Friends back to Huanyu Technology on the front foot, and they wanted to get it back on the back foot.

If for the average business, that's fine.

Lose some at most.

But at this time, if they really want to get back the shares held by Bain Capital, they will spend at least billions.

And it's also in dollars.

"Mr. Chen, we are very interested in Friends.com, and we are willing to be the leader of this one. ”

With a valuation of tens of billions of dollars and so many powerful bigwigs, everyone knows that it is impossible for a company to take it.

But since they can't get it, everyone wants to own the most shares.

Undoubtedly.

If they can become the lead investor of Friends.com, they can take up to 10% of the shares.

Therefore, after Chen Yu finished speaking, Days was the first to say.

"Wait, we at Goldman Sachs are willing to be the lead investor. ”

After Days finished speaking, Mijie, president of Goldman Sachs' investment department, was not far behind and said.

"Mijie, you want to fight with us?"

"It's not that I want to fight with you, but everyone wants to fight with you. ”

Mijie spread his hands.

He knew the purpose of Chen Yu calling everyone over today.

It's nothing more than letting everyone scramble.

Although all the capitals saw what Chen Yu meant, which one was willing to back down?

If you hold back, you're losing the opportunity to invest in your friend network.

Moreover, the capital forces of all parties have different ideas, and it is difficult for them to gather together to put pressure on Chen Yu.

Well, it is simply impossible to pressurize.

With the current IP access volume of Friends.com, Chen Yu is actually putting pressure on them.

If you hesitate any longer, then in a few days, it won't be this price again?

Don't blame Chen Yu for not reminding you.

At that time, Chen Yu had reminded the demon root.

But Mogen doesn't take him seriously, so it's okay now.

Actually, there is nothing, that is, billions of dollars more.

"We Sequoia are also willing to be the lead investors. ”

The representative of Sequoia Capital also said.

"We at Berkshire would like to be the lead investors in the Friends Network. ”

Well, the Buffett phalanx is out.

"We at Microsoft are also very interested. ”

"Hehe, we at Intel also want to cooperate with Friends. ”

A number of capital giants have expressed their intentions.

Of course, there are other capitals, and they actually want to be the lead investors, but they choose not to speak at this time.

They know that even if they say it, they have no chance in the face of these world's top capital.

Like what.

So much capital is interested in Friends.com, who will be the lead investor?

Is it to let them fight?

Everyone is Sven, how can there be a fight.

But there has to be a lead voter.

Then, whoever gives a high valuation will be the lead investor.

"Mr. Chen, we believe that the valuation of Friends.com is $39 billion. ”

Dais, the president of the investment department of Mogen, knows that it is useless to say this, but it is really good to show his strength.

"We think Friends could be valued at $40 billion. ”

Goldman Sachs didn't give Mogen a chance at all, and on the basis of $39 billion, they added another billion.

directly broke the $40 billion that everyone talked about before.

"We at Intel bid $41 billion. ”

"We at Berkshire bid $42 billion. ”

"We at Microsoft are bidding $43 billion. ”

Many capitals have quoted their own prices.

Of course, the valuation they quoted is not really tens of billions.

If you really want to come up with tens of billions of cash flow, even if it is some of their top capital, it is difficult.

But if they only have a 10% stake, it will only cost billions of dollars.

There may be some difficulties with tens of billions of dollars.

But billions of dollars is really not much of a problem for them.

Thereupon.

Next, these top capitals have started a price increase.

"$44 billion. ”

"$45 billion. ”

"$46 billion. ”

shouted wildly all the way.

The original valuation of $40 billion turned out to be $50 billion.

And off the field, there are still two who have been competing.

One is the root of the demon who was killed before and didn't let go.

The other is Microsoft, the software overlord.