Chapter 189: Inspiration from Ten Years Later
Liu Yun was silent for a while, then quietly organized his words and said, "Mr. He, in fact, I didn't want to sell the control of hao123. I can sell 40% of it to you for $6 million. "This price is converted into an overall price of 15 million US dollars, which is consistent with He Wenjun's quotation just now, which is very sincere.
He Wenjun didn't hesitate, and immediately shook his head and said, "This can't be done, the price is negotiable." But Baidu must have a controlling stake, which is also what Mr. Li meant. β
If it can't be controlled, it's just an ordinary investment behavior, which doesn't make any sense to Baidu at the moment. The acquisition of hao123 or the acquisition of a controlling stake will increase Baidu's capital before its listing on the Nasdaq.
Liu Yun and Liu Shihua glanced at each other, and Baidu's strength was expected by Liu Yun.
Liu Shihua understands and understands what the boss means. He pulled a document out of his briefcase and read it aloud.
"1. In the current navigation web market, hao123 occupies more than 80% of the share. 2. Through the exchange of resources, from the Sohu portal, Tencent QQ chat software, and Sina community forum, there are links to hao123, and we have almost covered more than 90% of the netizens in China. β
After reading this, he quietly glanced at He Wenjun, who still looked like he was moody, and he really deserved to be a battle-hardened old Jianghu.
Liu Shihua continued: "Mr. He, what I mean by reading these data is just to show that hao123 is very important to Yoyo Network. β
Liu Yun took the document and continued: "Mr. He, after knowing that your Baidu is trying to acquire hao123, I am curious why a large company like you would value such a navigation page. I made a special statistic.
After that, he confirmed the content on the document and said: "Through the data statistics of the company's background, 90% of all netizens who use hao123 have used the Baidu search box above. β
"I don't know if I look at this data, I was really shocked when I saw it, and I immediately understood why your company wanted to acquire hao123. β
Liu Shihua on the side listened to Liu Yun's words and resisted the urge to laugh out loud. This boss is too good at talking. Since the first day of his acquisition of hao123, he has been urging him to always pay attention to the proportion of users using Baidu search for hao123.
He had noticed it a long time ago, but now he had the cheekiness to say that he had discovered this data by accident.
What He Wenjun was most worried about happened, and Mr. Li told him that Baidu's background data showed. Nearly 70% of their users use Baidu through hao123. Naturally, he won't reveal any of these words, but the statistics on Yoyo's side are even more amazing.
He didn't question the other party's data, because Yoyo Network is so enthusiastic about promoting Baidu that any netizen who uses hao123 can see it at a glance. Who doesn't know how to look up a little bit of information on the Internet? But in an interface like hao123, what else can you do without Baidu checking?
He Wenjun sighed and said: "I must admit that Mr. Liu is very cautious in doing things, it can be said that he is thorough, and he can hardly find anything missing. Judging from these data, the value of hao123 is indeed underestimated, including its role in boosting Baidu's traffic. So, $10 million plus 100,000 Baidu shares for 60% of the shares. This is already a very sincere price, and it is also our final bottom line. β
At the current market price, Baidu's stock is $15 per share, which is $1.5 million, which is equivalent to a price increase. Only Liu Yun understands that after going public next year, Baidu's stock will rise to $150 in one day, and the value of these 100,000 shares will become $15 million next year, which means that Liu Yun has received a return of $25 million with 60% of hao123.
But after all, he is unwilling to give up the control of hao123 for the sake of money, he has the idea of making money, but in the current Internet industry, hao123 is unique and difficult to be copied.
He Wenjun also looked at Liu Yun a little anxiously. When he said these words, he actually didn't know the bottom of his heart. He understood that although the person in front of him was young, he was very controlling. If the two sides continue to stalemate like this, and no one refuses to give up their controlling stake, the final result can only be unhappy.
"Mr. He, I am not giving these examples to increase the quotation, because for me, whether the price is more or less than $1 million is not a big wave. I just want to make it clear that hao123 is important to Baidu, and it is also important to us at Yoyo. We hope your company understands our position. Liu Yun said calmly.
He Wenjun nodded silently, indicating that he understood.
Suddenly, there was unusually quiet in the tea room. Neither side spoke, acting unusually quiet.
Liu Yun leaned back on the sofa chair, revealing a tired and powerless feeling. At this moment, he felt a little too naΓ―ve. As the company continues to grow, his ambitions are slowly expanding, as evidenced by his desire to win the World of Warcraft franchise. When hao123 brought him huge promotion traffic, his mind changed.
Initially, after he won hao123, he was thinking of reselling it to Baidu a year later to make a profit, and now relying on the promotion of hao123, game websites, game forums, and even YOYO milk tea have become extremely popular, this navigation web page is like an invincible weapon in his hands, he knows that the 360 browser is still available for 4 years, during which hao123 can still be invincible, bringing huge benefits to yourself.
Therefore, he is only willing to accept financing, and is not willing to give up a controlling stake, let alone be acquired.
Liu Yun suddenly realized that none of these battle-hardened bigwigs had a good reputation in the city, and that the reborn people of those cities relied on prophetic information to flickering around those Internet bigwigs, willingly sending large sums of money, and giving up their controlling stakes without complaint, which was simply nonsense.
The reality is cruel, for Baidu, Yoyo Network is still weak, so they take it for granted to ask for a controlling stake. In the future, the BAT Big Three frantically acquired all kinds of Internet companies of different sizes, have you ever heard that they are willing to give up their controlling stakes, maybe there are, but very few, and that is only a special situation.
In later generations, the controlling stake .......
Liu Yun's brain suddenly flashed a lightning bolt, and he remembered an example. It is an allusion between the three giant companies of Alibaba, Evergrande and Greentown.
Almost ten years later, Mr. Song Weiping, the boss of Greentown, wanted to invite Ma Yun to join the Greentown football team, but he only bit a little bit and refused to let go. He is only willing to give Ma Yun 49% of the shares, not 50%.
Because as long as Song Weiping holds 51% of the shares, he has the right to speak, and he can still decide the team's affairs, Ma Yun bought 49% of the team's shares, but he is just a boss who gives money, but he has no decision-making power.
A 1% stake is a world of difference.
Soon, Evergrande stepped in, and they did not hesitate to sell 50% of their shares in the football team to Ma Yun. The two companies hit it off and reached an agreement right away. Each holds 50% of the shares, and the two sides are on equal footing, and there is no question of who commands whom. This has to be said to be a far-sighted act by Xu Jiayin, the boss of Evergrande.
"Mr. He, I have another way. We, Yoyo Network and Baidu, each hold 50% of the shares, how about equal status and mutual respect between the two sides?" Liu Yun's eyes flashed with a bright light, and he said with a smile.