After a two-day rest, Ruixiang and Zhonghe sat back at the negotiating table.

This time, both sides came prepared, thought about each other's advantages, and compared their own disadvantages, and made a gambling plan that played to their strengths and avoided their weaknesses.

Lin Zhenyang took a piece of paper and read it one by one: "First, the rocket video has reached the top three in the industry, and the specific evaluation criteria are subject to the scale of the number of members who pay......

Second, Zhonghe Games has developed a second popular game, with a specific evaluation criterion of "annual revenue of not less than $1 billion and net profit of not less than $300 million"......

Third, the Resso music streaming app is among the top five in the world, and the specific judging criteria refer to Rocket Video;

Fourth, the GMV of Pindoduo in 18 and 19 years will not be less than 500 billion yuan and 1 trillion yuan respectively, and the number of active buyers will surpass that of Goudong......

Fifth, the number of monthly active users of the three short video apps is not less than 2 billion......

......”

Lin Zhenyang didn't read them all, he only read the first ten or so main ones.

If the terms are not completed, there will be corresponding supplementary terms, depending on the completion rate minus a certain valuation.

Lu Qi's expression was indifferent, as if he had expected that Rui Xiang would not play according to the routine.

At this time, he also remembered his terms: "First, the total number of active users of Ruixiang and its subsidiaries in e-wallets shall not be less than 2 billion......

Second, the domestic market share of mobile payment should not be less than 30%, and it should exceed WeChat payment......

Third, the digital technology business, taking Ruixiangyun as an example, has reached the top three in the market......

Fourth, in the consumer finance business, the annual loan of Yongbei and Loanbei shall not be less than 1 trillion yuan......

......”

Bao Fan wanted to laugh when he heard it, is this considered hurting each other?

"If all these terms that you have made to each other are completed, the valuation will be at least this. ”

Shen Beipeng compared five fingers, and everyone knew what this meant, 500 billion US dollars.

"You embarrass me, I embarrass you, what's the point?"

Xu Xiaoming was a little angry, "Talking about it, don't think about merging for the rest of your life." ”

"Yes, it's been almost a week since the talks, and the negotiations are back to square one, and they're getting more and more outrageous. ”

Xue Cunhe shook his head again and again, he was not easy to speak out now, and when he heard the speeches of Xu and Shen, who held shares at the same end as his own, he couldn't help but echo a sentence.

"Don't talk about the status of the industry and the number of users. If you want me to say, bet directly on revenue and profit. ”

Shen Beipeng looked at Rui Xiangfang, "Aren't you very confident in profits? I will make a net profit bet of 20 billion, 30 billion, and 40 billion yuan for you in the next three years." ”

Then, he looked at Zhonghe again, "You are very confident in revenue, then you will set a revenue bet of 80 billion, 120 billion, and 160 billion yuan in the next three years." ”

Not to mention, Shen Beipeng's words really worked, and the investors on both sides thought about it seriously.

On the one hand, Shen Beipeng has some prestige, and on the other hand, this condition is also just right.

"What about technology investment?"

Lin Zhenyang asked the point, the key to restricting Ruixiang's substantial profit is this investment in science and technology.

Shen Beipeng thought for a while and said, "How about half of each party?"

Lu Qi said: "Zhonghe's scientific research investment also needs to be shared by Ruixiang. ”

Tong Shijie objected: "Why? You don't have the pressure to make a profit. ”

Lu Qi waved his hand, "After the merger of the two companies, in addition to maintaining independent accounting for some products, scientific and technological strength and achievements will definitely be shared."

It is equivalent to the merger of two laboratories into one, and after Zhonghe bears half of it, Ruixiang will not necessarily have more to share than it does now. ”

Ruixiang investors looked at each other, and they were all a little moved.

They don't complain about Zhang Yida's high annual investment in scientific research of $3 billion for a day or two, but there is no way, Zhang Yida often responds to them with "the company needs to increase its competitiveness".

Zhonghe's financial report, they have also seen it, not to mention 3 billion US dollars in scientific research investment, not even 2 billion US dollars.

"There is a cap on the need to increase the amount of money that the company spends on research and development no more than $6 billion a year after the merger," Gan said. ”

Lu Qi understood what he meant, that is, he was afraid that Zhonghe would deliberately trap them, and he would not play these low-level methods.

"Yes, I promise you. ”

Lu Qi made concessions, and the progress of the negotiations suddenly picked up the pace.

"Three years is too long, and when the company goes public, the gambling is not over. Tong Shihao said.

"I think it's very appropriate, listed companies also have VAM, as long as the scope of VAM is limited to the existing shareholder level, and the interests of minority shareholders will not be harmed. Bao Zheyu said.

Then, according to the ideas provided by Shen Beipeng, the two parties began to refine each clause.

Shen Beipeng smiled at Bao Fan, who was sitting next to him, and the latter nodded slightly.

That's right, this idea was provided to Shen Beipeng by Bao Fan.

Shen Beipeng brought it up with the attitude of giving it a try, but he didn't expect it to work, the negotiation suddenly entered the right track, and the efficiency suddenly became high.

"Referring to Penguin's 29 times P/E ratio, Ahri's 25 times P/E ratio, how about setting Ruixiang's P/E ratio at 27 times?"

"Yes!"

"Agreed!"

......

"Referring to penguins and Ahri, how about setting the market-to-sales ratio of Zhonghe at 9.5 times?"

"Agreed!"

......

"For example, suppose Ruixiang's profit for three consecutive years is 18 billion, 32 billion, and 41 billion, and the average value is 30.333 billion, multiplied by 27 times the price-earnings ratio is 819 billion;

Zhonghe's revenue for three consecutive years is 75 billion, 130 billion, and 170 billion, with an average of 125 billion, multiplied by 9.5 times the price-to-sales ratio of 1,187.5 billion.

The share exchange ratio of Ruixiang and Zhonghe is 100 shares for 69 shares. ”

......

Lu Qi asked tentatively: "Then let's merge according to the 1-to-1 share exchange ratio now?"

Lin Zhenyang nodded, "Okay, let's do it first! Three years later, we'll see you later." ”

The other investors also resumed friendly relations with each other, and they began to talk word by word.

The arguments, even the quarrels and foul language that have occurred in the past few days, are as if they had never happened.

The final result of the negotiations was sent to Zhang Yida, who was visiting Notre Dame Cathedral in Paris.

"Okay, I know, come back and sign it right away!"

Zhang Yida had a smile on his face, Bao Fan's brother was really reliable.

If the VAM agreement is not added, the ratio of the share exchange between Ruixiang and Zhonghe will most likely be 1 to 1.

If the current VAM agreement is followed, Zhang Yida feels that the final result may develop into 3 shares for 2 shares, or even 2 shares for 1 share.

For him, if the plan goes well, he can hold four or five more points of shares in the new group, worth more than $10 billion.

Of course, there is also a premise, Zhonghe's current businesses must be a little more powerful, and it will be able to win three or four hundred billion yuan in revenue in three years.

"What's the matter? so happy?"

Zhao Erya had a camera hanging around her neck and was walking towards Zhang Yida, and when she saw that Zhang Yida couldn't stop smiling on her face, she asked curiously.

"Picked up 1000 billion!"

Zhao Erya glanced at Zhang Yida, "You can't even fool a three-year-old child with such a low-level lie." ”

Zhang Yida didn't explain too much, and asked with a smile: "Have you had fun?"

"Hmm!"

Zhao Erya nodded heavily, this time she took a private jet and flew half the world, which made her very happy.

Hearing Zhang Yida's question, her heart moved and asked, "Are you going back to China?"

"Well, the merger between Ruixiang and Zhonghe has come to the final stage, and I must return to China to sign and draw this final end. ”

Zhang Yida sighed, "Africa can only go next time." ”

"Okay, it's okay, Africa can go at any time, then let's go now!"

Although the global tour is only halfway through, Zhao Erya is already very satisfied.

My boyfriend's career is so big, it is extremely rare to spend more than a week with her, and I dare not ask for more.

She ran Daya Media herself, and she knew how difficult it was to be a good boss.

Zhang Yida and Zhao Erya, accompanied by a group of bodyguards, came to the airport, and after applying for a route and passing the approval, the Gulfstream plane quickly completed takeoff and went straight into the sky.

On the plane, Zhang Yida was a little excited, and even couldn't wait, and asked the captain to speed up the flight.

For him, after five years of entrepreneurship, he finally touched the edge of the trillion-dollar empire, and he can enjoy the scenery on the top of the mountain, how not to be exciting.