"Hehe, I've been dealing with you for so long, when did our SoftBank take advantage of you. Xue Chunhe said with an embarrassed smile.

Of course, it's not that they don't want to take it, but Yuwenfei doesn't give them this opportunity.

"I said, senior, if you're willing to pay for it, then hurry up. I'm afraid that after a long time, things will change again, and it's not just you Softbank who want to take a stake in Facebook Games. Believe it or not, I'm going to go out today, Facebook Games will open up financing, and tomorrow the VC representatives queuing at the door of my office can line up from here to the gate of the Science and Technology Park!" Yu Wenfei joked.

"Believe! Of course I do. But let's give us a little more time, this is 1.5 billion US dollars! Junior brother! You don't don't understand what 1.5 billion US dollars is, do you? There may be a lot of VCs in the queue, but there are not many who can come up with so much money. Xue Chunhe smiled bitterly.

Yu Wenfei believes this, otherwise he would not have considered Softbank for the first time, isn't it because Softbank has a lot of money.

But if SoftBank really threatens him with this and wants the lion to open his mouth to ask for more shares, Yu Wenfei really won't get used to them, and there are many ways to solve the financial problem.

1.5 billion US dollars, although it is an astronomical amount, but that is only for ordinary people and ordinary VCs.

And for the world's big banks, this money is nothing.

The easiest way is to take your own Facebook shares and pledge them!

Although Facebook has not yet been listed, and there is no intuitive measure of the company's value, 80 percent of his shares are worth at least $2 billion. What's more, Yuwenfei can bundle the qualifications of listed underwriters with equity pledges, and presumably big banks such as Citigroup will rush to it.

Therefore, Yu Wenfei was ready to wake up Xue Chunhe and let them stop having illusions, thinking that they could only rely on them.

"Well, how much is Facebook worth, why don't I bring in Citibank HSBC or something like that to make an assessment? In addition, it's time for Facebook to start preparing for listing, and it's time to talk to the big banks." Yu Wenfei said with a smile.

Xue Chunhe was not stupid, he immediately heard the meaning behind Yu Wenfei's words, and he was a little panicked.

If Yu Wenfei introduces new shareholders for Facebook Games or Facebook, it will be more difficult for SoftBank to increase its shareholding in Facebook Games.

He hurriedly said: "There is no need for the time being, financing is financing, and listing is listing, these are two different things, don't mix them up." We are all old friends, and the price and shares are negotiable. It's better to ask the company's appraisal department to come up with a quote as soon as I go back, and you can rest assured that it will definitely give a reasonable valuation to Facebook Games. ”

............

After going back, Xue Chunhe informed Sun Zhengyi of the conversation between him and Yu Wenfei.

After hearing this, Sun Zhengyi also frowned, "We still think too simply! Not to mention that Yu Wenfei can achieve this level of career, he is not a simple person in itself, besides, he still has Cai Congxin by his side, a master who is proficient in finance and law, how can we take advantage of it." Forget it, let's show our sincerity! I still think that under the helm of Yu Wenfei, Facebook will soon grow into the mainland's Internet hegemon! Our current investment seems to be huge and not cost-effective, but the final return will definitely satisfy us, and even exceed our expectations. ”

"Then how do we quote?" Xue Chunhe asked.

"20 million online platforms...... There really is no reference for this!" Son shook his head and smiled bitterly, even though he has been studying the Internet all these years, he has never seen such a "freak" as Facebook Games!

In fact, the most difficult thing to evaluate Facebook Games is the Facebook Battle.net that it has just launched, which is a platform that simply subverts the concept of all Internet practitioners.

Before, there has never been a software or any platform that can reach 20 million people online at the same time!

Even ICQ and QQ, which claim to have more than 200 million registered people, have not been so exaggerated in the number of people online at the same time.

ICQ is used all over the world, so there is a time difference, and the number of people online at the same time is not the so-called peak and trough period, it is relatively average, that is, it has passed the 10 million mark.

As for QQ, although there is no time difference problem for users, the number of user registrations is too large!

If you look at the number of simultaneous online IPs, it can reach 20 million during peak periods, but if you look at the number of unique IPs, it will not reach 20 million.

As for Facebook, there is no way to mix the number of people who are online at the same time, because online users are playing games, which is easy to calculate.

In other words, Facebook Battle.com, at present, is already a platform with the highest number of online users in China and even in the world!

If the value of Facebook Games is measured by this standard, the valuation is exaggerated, and it may not be able to beat five or six billion US dollars.

But the people of SoftBank can't accept it psychologically, a new company that has just been spun off from Facebook, in just two months, the valuation can reach such a high level!

Also, if the valuation is too high, it will be too difficult to cash out in the future, because Son can't imagine how high the market value of a semi-Internet and half-game company like Facebook Games can be after listing.

Tens of billions of dollars in market capitalization?

It feels a bit suspenseful, because NetEase of the same nature has a market value of only more than $3 billion, and NetEase also has self-developed online games.

............

This issue has been entangled until the formal negotiation with Yu Wenfei.

Son Zhengyi threw this question out, he frowned and asked: "Mr. Fei thinks that what data should be used as the main reference object for Facebook's valuation?"

Yu Wenfei nodded, expressing understanding. Seriously, if the two sides were to reverse and let him invest, he would never think that the valuation of Facebook Games could reach more than half a billion dollars.

"Mr. Sun, I understand your concerns, and frankly, the current results of Facebook Battle.net are a bit unstable. Yu Wenfei said frankly.

SoftBank will be his "close comrade-in-arms" for a long time to come, and Yu Wenfei has no intention of really pitting them.

"Oh, what do you mean by that?" asked Son in surprise.

"One thing you all forgot is that most of Facebook's current achievements are based on the popularity of CS. However, how long can this game be popular, and when this game is not popular, will Facebook Battle.net still launch a new game that can replace CS in time?" Yu Wenfei said with a smile.

Son Zhengyi and Xue Chunhe looked at each other, the two of them did make a serious mistake!

It's that when they're studying Facebook games, they're focusing on all kinds of data, but they're ignoring what it's based on!

Of course, this is also due to the rush of time and their lack of understanding of the game industry.

"Mr. Fei, this is what you are!" Son Masayoshi couldn't help but give a thumbs up and exclaimed.

Yu Wenfei did not take this opportunity to slaughter them, but frankly told them the key to the problem, which Son admired very much.

This is the person who does great things!

If you only take care of your immediate interests, you will also be deceived by all kinds of pitfalls to your partners, and such people are destined to not go far.

"Don't be in a hurry to praise me, although the data of Facebook Battle.net is not so solid, but on the whole, the valuation of Facebook Games is still not low. Yu Wenfei said with a smile.

"That's that, the achievements of Facebook Games are obvious to all, Mr. Fei said bluntly, what do you think the reasonable valuation of Facebook Games should be?" Xue Chunhe answered.

"Four billion dollars, the same valuation as Facebook, is a figure that I can accept. Of course, this valuation is also for SoftBank, if I change a VC, my asking price will start at 5 billion. Yu Wenfei said seriously.

Four billion dollars?

Son nodded slightly, this number was also acceptable to him.

However, if Facebook Games is valued at $4 billion, wouldn't SoftBank be able to take a considerable amount of shares by taking out $1.5 billion this time?

Before he was happy, he heard Yu Wenfei say again, "However, only 500 million of the 1.5 billion that SoftBank took out this time can be converted into the share capital of Facebook Games, and the other 1 billion can only be used as interest-free loans for Facebook Games!"

Son's jaw almost didn't drop, and he glared at Yu Wenfei, "Why do you want to lend it to Facebook Games for no interest? You're not kidding!"

That's a billion dollars, and it's going to be interest-free?

This kind of dream, Yu Wenfei dares to do it!

"Because this is a condition for SoftBank to have exclusive financing and share expansion, it is not possible without the ticket of this billion-dollar interest-free loan. Yu Wenfei said very seriously, not like a joke at all.

Son was speechless.

In fact, it's right to think about it, if Facebook Games is financed according to a valuation of four billion US dollars, it will definitely be very sought-after, and now the opportunity is only given to SoftBank, so SoftBank will have to pay some price, right?

"You...... You ......" Son Masayoshi helplessly stretched out his hand and pointed at Yu Wenfei.

This has just praised him for being kind, so he gave himself such a hand!

However, this condition is not too harsh, it is still within the acceptable range.

In the end, Yu Wenfei and Son agreed that SoftBank Capital would come up with $1.5 billion, of which $1 billion would be interest-free loans, which would be repaid when Facebook Games underwent the next round of large-scale financing or went public. Of course, if there is no financing for three years, and the listing fails, then the assets of Facebook Games will be used to offset the repayment.

The remaining 500 million is formal financing.

With the addition of this $500 million, Facebook Games is valued at $4.5 billion. $500 million converted into 11.1 percent of the shares.

Similarly, the share of the original shareholders is also diluted accordingly.