Chapter 1036: Cross-border M&A of Ants Swallowing Elephants

Just when the discussion of Tianan Company was in full swing, Lenovo Company, which learned the news from IBM, was like a great enemy.

It is said that a veteran enterprise that has been in the domestic PC industry for so many years should not be so afraid of a new company that has only been established for more than a year.

But as soon as Liu Chuanzhi thought that the backstage of Tian'an Company was Wu Tao, he couldn't help but look at the competitiveness of this opponent a few points.

In particular, Tianan Company has only experienced more than a year of development to achieve such a position in the industry, which itself also demonstrates its good strength and strong competitiveness.

In the conference room, smoke fills the air.

Every time it comes to the problem of Tianan Company, it will always be particularly depressing and heavy, as if Tianan Company has become a mountain pressing on Lenovo's head.

Liu Chuanzhi was particularly dissatisfied with this situation, although he himself could not get this feeling lingering in his heart.

So he knocked on the table and said, "Let's talk about it, don't smoke there one by one!

He Zhiqiang is very depressed, everyone else is swallowing clouds and spitting fog, this boss only uses himself to open the knife, and every time he does it!

However, since he was named, He Zhiqiang couldn't be indifferent, pinched off the cigarette butt in the ashtray in front of him, looked around at everyone and said: "According to me, we don't need to cower and think too much, just fight hard with Tianan Company." I don't believe that an old company with a history of more than ten years can still fight a new company that has just been established for more than a year?"

Liu Chuanzhi glared, "Don't forget, behind Tian'an Company is the entire Tianqi Investment, how much capital do we have, enough to fight with them?"

He Zhiqiang opened his mouth, speechless.

Yang Yuanqing then spoke, "Mr. Liu, colleagues, I think that with our current foundation and strength of Lenovo, it is most appropriate for the laptop business to take the route of independent research and development." ”

“...... Of course, I admit that IBM's Thinkpad has a great brand influence in the industry and is quite recognized in the international market. But from a technical point of view, this aspect is not as difficult as we thought. ”

“...... If there are really technical difficulties and barriers, I think it will not be too late to talk about acquisitions in two years. ”

He Zhiqiang retorted rarely, "But now Tian'an Company is about to make a move, if they take the acquisition route and we take independent research and development, it is difficult to guarantee that they will not be ridden on the head." ”

After speaking, He Zhiqiang turned his head and immediately shrunk his neck when he came into contact with Liu Chuanzhi's gaze.

Liu Chuanzhi surprisingly did not refute, but looked at the others and said, "Do you have any other opinions, tell me about them." ”

As a result, there was a lot of pin drop in the conference room, and no one wanted to be bored.

Liu Chuanzhi looked at his watch, knowing that no matter how much he squeezed it, he couldn't squeeze anything, so he simply put his hands together and said, "In this way, I will say a few opinions." ”

The people below immediately opened their notebooks and began to record.

"First, the R&D department has done a good job in the development of the existing Lenovo computer's networked service platform and system integration package, which has made up for the gap with Tianan computer in a timely manner and confirmed the independent R&D strength. ”

“...... Therefore, Yuanqing, you should immediately carry out the evaluation of laptop products, clarify the R&D cycle and risks of independent laptops, and provide reference for follow-up decisions. ”

Yang Yuanqing nodded and wrote down the content by the way.

Liu Chuanzhi looked back at He Zhiqiang, "Zhiqiang, you continue to follow up on the contact of IBM-PC business. At the same time, we will inquire about the trends of other foreign companies' PC businesses and look for possible opportunities for technical cooperation on laptops......"

Time has entered New Year's Day in 2002.

During this period of time, whether it is Tianan Company or Lenovo Company, all of them are in full swing for IBM's PC business.

In IBM's view, Lenovo, as a listed company in China, is obviously much stronger than Tianan. So instinctively, IBM is very inclined to Lenovo and not optimistic about Tianan.

Correspondingly, it was not active in the olive branch thrown by Cheonan Company.

Cheonan Company, General Manager's Office.

An Rong was under a lot of pressure during this time.

After the professional evaluation of the Tianqi investment project team, IBM's PC business is valued at as high as $800 million, which does not include $500 million in liabilities.

In this way, the overall acquisition scale is as high as 10 billion yuan.

At present, the valuation of Tianan Company has not reached this level, so that this acquisition is quite a bit of an ant eating an elephant.

This made her doubt the rationale of the acquisition.

But looking back, compared to HP's $25 billion merger and acquisition of Compaq that was just confirmed not long ago, this multi-billion dollar business acquisition is nothing.

An Rong felt a little contradictory, but she was unwilling to give up such a great opportunity.

After all, the acquisition of IBM-PC business not only fills the gap in Cheonan's notebook business, but also directly owns an international marketing network.

Coupled with the additional effect brought by the brand awareness of Thinkpad, it is definitely a stimulating progress for the development of Tianan Company.

However, now it seems that not only is the road to acquisition difficult, but the process of integration and development is also challenging.

Just then, the office door opened.

An Rong instructed without raising her head: "Tong Tong, go and help me change a cup of coffee." ”

"When you're stressed, you have to drink less coffee. ”

Hearing this, she raised her head, An Rong, who has always been a strong woman, showed a rare touch of shyness, and then buried her head in the document and said, "Why are you here?"

Wu Tao casually sat down on the chair in front of the desk and said, "You haven't been back to the Imperial Garden Villa for more than half a month, didn't I come to see you?"

"Ah~" An Rong exclaimed, "Has it been so long?"

Wu Tao nodded seriously, "Absolutely, otherwise Sister Mei wouldn't wonder if there was something wrong with the two of us." ”

An Rong hurriedly explained: "I was negligent, and I've been a little busy these days. The acquisition negotiations were not going well, and my mind was buzzing all day, and I really couldn't calm down. ”

"What's the problem?" Wu Tao asked naturally.

An Rong closed the document in hand, got up and stretched, walked to the sofa area next to it and said: "They are obviously more optimistic about Lenovo, it is said that Lenovo plans to move the company's headquarters to New York after acquiring the IBM-PC business." ”

Wu Tao couldn't help laughing, the name of the 'conscience of the American imperialists' was really not blown, and it was already a sign of this at this time.

"And what about Compaq's PC business?"

An Rong threw over a document on the coffee table and said, "It has long been swallowed by HP." ”

Wu Tao opened it and saw that it was in September, and it seemed that he had neglected time.

"Moreover, Compaq's acquisition is larger, which is not suitable for the current Tianan Company at all. ”

Wu Tao couldn't help but nod when he saw the acquisition scale of up to 25 billion US dollars, but it was not false. Dropping the documents, he said with a relaxed face: "I heard Brother Fei say that you are going to the United States to negotiate after New Year's Day, and I will accompany you." Fighting with Lenovo, I am more experienced......"