When the meeting was closed, Robin was not available.

His mind was always thinking, and as he was thinking, he wanted to understand a truth.

The left and right are looking for a backer, so simply find the biggest.

Who is the biggest?

All the funds at the disposal of Defengjie are less than one-tenth of Li Mu's worth, and the best choice at this time is naturally to stand on Li Mu.

Li Mu is a strong person, and sometimes he also makes frequent bad moves, but Li Mu has one thing that is worth affirming, he will not kill the people who really stand behind him, on the contrary, as long as the people who stand behind him do not make any demon moths and keep up with Li Mu's development pace steadily, they will definitely get unexpected huge gains.

Of course, if you want to get on Li Mu's ship and become a member of Li Mu's big ecology, you must sacrifice enough shares to Li Mu in exchange for his resources.

For Li Mu, his approach is very simple, a total of 25% of the shares are chains, the payment of funds and the investment of follow-up resources are meat, if you want to eat meat, you have to accept the chain, this is the serious way to play, otherwise, if you want to eat meat and don't want to set the chain, you will be chased to death.

In the big ecological strategy of Tengxun and Ali Bar in their last life, I don't know how many such chains are held in their hands, and the other end of these chains is full of enterprises and teams that rely on them to survive.

Moreover, these two companies have targeted each other to the point where you raise a Tibetan mastiff, I want to raise it, I want to raise a golden retriever, you raise Erha, I still have to raise a one, and the little brothers of all breeds under their hands bite and bite all day long, and the money-burning war that will break out in the subdivision field for a long time is like a dogfighting game between two rich people.

The description of the company as a dog is not because Li Mu has any discrimination, but in order to describe this dependency relationship as appropriately as possible.

Robin is also facing a choice at the moment, whether his business should depend on Li Mu to survive, if so, then hurry up, put a chain on the company, hand the other end to Li Mu, and then wait for Li Mu's various resources, otherwise, Li Mu may cultivate a bigger and stronger vicious dog to compete with his own business.

De Fengjie's Jimmy was very depressed, he had called Robin's name several times, but he still had empty eyes and didn't seem to take himself seriously.

Jimmy knocked on the table, and the representative of DFJ said his request: DFJ could allow Baidu to give 25% of the shares to Li Mu, but DFJ asked for a capital increase to avoid dilution of his own shares, and they could also allow other shareholders to cash out their capital increase money.

In other words, DFJ would rather spend more money than reduce its shares.

This means that Robin's team, as well as other minority shareholders, have one more chance to cash out.

Robin, however, was not interested.

If Defengjie does not dilute it, he and the team will have to further dilute the shares in his hands, so that Li Mu can make up the 25%, so that there will be few shares left in the team's hands.

And Robin also knows very well in his heart that as long as Baidu gets Yiting.com, and Li Mu becomes a shareholder of Baidu and exports resources to Baidu, Baidu's market value will definitely soar.

In this case, the more shares you retain, the more you can benefit from them.

DFJ is very shrewd, but Robin is not stupid.

Robin looked at Jimmy and said very seriously: "If Baidu decides to acquire Yiting.com and introduce Li Mu as a strategic shareholder, we will not accept any form of capital increase, and I, as a major shareholder and a founder with a majority of voting rights, have the right to make the final decision." ”

Jimmy knew that Robin was about to show his cards.

Now, everyone is no longer a matter of negotiation, but a fight for interests, Robin is like a forced demolition team, must be forced to demolish the current share of Defengjie, and Defengjie is like a nail household, he can't give up his interests alive or dead, at least at this stage he can't compromise, he has to be a nail household for a while, and then consider compromise after the price of the land rises.

Since negotiation is useless, then everyone can only fight with bayonets!

If you really want to break who really has the right to speak, then you have basically tried to see the dagger, so that the interests of DFJ may be threatened, so Jimmy also began to show his fangs, and said: "Robin, I advise you to think clearly, although DFJ is not a top investment institution, but we still have a certain right to speak in the US capital market, if you don't take our interests seriously, then all American capital will stay away from you in the future!"

Robin looked at Jimmy, smiled after a while, and said disdainfully, "Jimmy, you're timid!"

Jimmy frowned, "What do you mean by that?"

Robin said with a smile: "Don't threaten me with my future prospects in the U.S. capital market, because you don't represent the U.S. capital market, and you can't represent it! If you really want to reject Baidu on behalf of U.S. capital, then you can consider divestment, as long as you nod and withdraw your capital, I will sell iron and pledge all the shares, and I will also make up enough exit fees for Defengjie at a valuation of 120 million, but do you have such courage?"

Jimmy was speechless for a moment.

Yes, it is obviously a contradiction to say that the other party has no prospects in the U.S. capital market, and on the other hand, as a capital company in the U.S. capital market, desperately holding on to Baidu's shares and not letting go.

Jimmy lowered his face and asked Robin: "Is it really going to be like this? At least DFJ is the first capital to help you establish Baidu, without us, there would be no you and Baidu today!"

Robin also-for-tat: "I know that without you, there would be no me and Baidu today, so I did not live up to your expectations, when you invested in me, the valuation was only 10 million US dollars, and now it is over 100 million, you withdraw now, and reap nearly ten times the benefits, I am worthy of you!"

Jimmy said: "You should be grateful, and there is still a lot that DFJ can help you with, and in a year, two years, don't you want to be listed on the NASDAQ?"

Robin nodded: " I want to go public, but I don't necessarily have to rely on your help, Jimmy, open the skylight and say something bright, Defengjie is the booster of Baidu's launch vehicle, you have completed the phased task, and I have also given you considerable benefits in the stage, but at the capital level, we have no way to directly cut off the relationship, so from now on, Defengjie can sit back and enjoy its achievements, and the development of Baidu in the future will also bring greater benefit space to Defengjie, but the premise is that Defengjie should not be too greedy, let alone try to meddle in the company's operations, you will no longer be a rocket booster from now on, but a rocket load, and wait safelyBaidu can take you to a higher place, which is also your choice to maximize your interests. ”

Jimmy's face was extremely ugly, and when he saw that Robin was no longer beyond his control, he stood up and said, "Robin, remember your words today, and one day you will regret it." ”

With that, he got up and was about to leave.

Robin stopped him and said seriously: "The last sentence, do your duty of 'load', Baidu can bring you at least 100 times or even hundreds of times the investment profit in the future, from now on, Baidu will not accept any investment from DFJ, but welcome DFJ to cash out at any time!"

Jimmy was furious.

The meaning of Robin's words could not be more obvious, De Fengjie will never be able to increase his stake in Baidu, on the contrary, he expects De Fengjie to cash out and get out!

Enraged, Jimmy slammed the door away.

Robin breathed a sigh of relief as he left.

It's not a technical thing, but it's something that requires courage.

However, Robin has no regrets at all for making such a stiff fuss.

If De Fengjie was not so greedy and accepted the fairest solution of dilution, then everyone would not tear their faces today, on the contrary, everyone was happily waiting for Li Mu to help everyone make more money.

However, DFJ is an organization that pursues its own interests with all its might, and even pursues it to some extremes.

In this case, you can only tear your face.

Tear your face, and you don't have to think about the next question.

Robin greeted his assistant and said, "Go and say hello to Mr. Li's assistant, and say that I have decided to accept his proposal." ”

15%+10%。

Robin was no longer ready to bargain with Li Mu.

Because DFJ is his own negative teaching material.

Excessive bargaining will result in more to lose.

Instead of this, it is better to be like the showdown with Jimmy just now, gritting your teeth and stomping your feet, and then making a decision.

So, Li Mu came with a smile on his face.

Seeing Robin with a determined face, Li Mu asked him with a smile: "Robin, do you want to open it?"

Robin nodded and said with a smile: "Mr. Li, I want to open it, I have my back against the big tree to enjoy the shade, and the future of Baidu will depend on you and your big ecology!"

Li Mu smiled slightly: "You can't talk about it, let's work together." ”

Subsequently, Li Mu began to discuss all the details of the cooperation with Robin.

1. Yiting Technology replaced 15% of Baidu's shares with 100% of the shares, and Baidu's existing shareholders diluted it in equal proportions;

2. Li Mu purchased 10% of Baidu's shares from all existing shareholders of Baidu at a valuation of 120 million, Li Mu contributed 12 million US dollars in cash, and Baidu's existing shareholders diluted in equal proportions, and the current shareholders can cash out 50% of the long;

3. Li Mu lent Baidu $8 million in cash interest-free loans in his private name for three years;

4. Li Mu, on behalf of himself and the existing shareholders of Yiting Technology, fully authorized Robin the voting rights and board seats corresponding to a total of 25% of the shares after the merger, and Li Mu himself and other shareholders did not interfere in any way;

5. The default search of YY123 will be permanently set to Baidu search, and the popular keywords will be linked to the results page of Baidu search;

6. Before Baidu's official listing, Makino Technology shall not engage in the development and operation of search engine products, and shall not account for more than 20% of shares in other similar competing companies;

After these details were negotiated, Li Mu immediately asked the teams of the two legal affairs and capital operations to conduct in-depth docking, solve all the process problems very quickly, and ask for the dust to settle as soon as possible.

For Li Mu, Yiting's technology and Yiting.com are really the boosters of his business empire's rocket, and now, it has burned all the fuel and achieved the desired effect, it's time to separate from it!