Chapter 212 Refusal to Acquire

Brooke is worthy of being a former executive of Microsoft, and he knows more about IDG than Xu Qing imagined, and has learned some information that cannot be found on the Internet in his previous life.

According to Brooke, IDG has a good relationship with giants such as Microsoft, Apple, and IBM, especially with Apple.

In 1985, IDG held an exhibition called Macorld/iorld, which was held exclusively for Apple, which publishes important information in Macorld/iolld every year.

With this information from Brooke, Xu Qing is more confident in how to deal with IDG, but will things really go his way?

At 10 a.m., IDG's negotiation team arrived at future on time with an error of no more than 10 seconds

Xu Qing was very suspicious if these people were watching the time somewhere in the building and waiting, and as soon as it was 10 o'clock, they came into the future company.

Xu Qing greeted these people at the door of the company, and etiquette still had to be done.

The leader of the IDG negotiation team is a senior vice president of IDG, Xu Qing is a little unhappy, he personally came to the company to greet the IDG negotiation team, and their team leader turned out to be only a senior vice president, not the president.

Knowing this, Xu Qing directly asked Brooke to deal with IDG, and he just lay on the sofa in the villa and watched TV.

Although Xu Qing was unhappy in his heart, he didn't show it on his face, shook hands with the senior vice president with a smile, exchanged politeness, and the two sides came to the conference room.

The senior vice president's name is Charlie, and from the perspective of attitude, Xu Qing can't see any bad attitude towards this, but Xu Qing always feels that he is a little fake, and it is also his own delusion.

Charlie first explained to Xu Qing his intentions, this is a necessary process, Charlie's accent is very standard, like a TV announcer, he said:

"Mr. Xu, I'm glad you agreed to meet us, first of all, I would like to introduce the history and strength of IDG, IDG .......

Our intentions, Mr. Xu, should be clear that we want to acquire Future. ”

Xu Qing frowned, Charlie's words just now were a little strong: "How do you want to acquire Future Company?"

Xu Qing first asked the other party to talk about the conditions, and he also wanted to see how much the future company was worth now.

Since IDG wants to acquire Future, they must have done a detailed investigation of Future and have a professional judgment on the value of Future.

Their judgment is no worse than that of companies that specialize in valuing companies, and they also represent the current valuation of future companies by the investment community.

Charlie said without hurry: "We want to acquire Future Company as a wholly owned company. ”

"Oh, what are your acquisition conditions?" Xu Qing's face said as usual.

"We want to buy Future for cash, $170 million in cash. Charlie said.

$170 million? This is IDG's current valuation of Future, which is similar to what Xu Qing thought.

The Future company now relies heavily on the future community and the Extraordinary Browser, and the music website and navigation site are now of little value.

"I'd like to know your valuation of the Future community and the Extraordinary Browser. Xu Qing wanted to know which of Future's products was more valuable in the eyes of professionals.

Charlie thought that Xu Qing was interested in the acquisition conditions they proposed, and answered Xu Qing's questions, so he replied:

"The valuation of the Future community is around $90 million, and the valuation of Extraordinary Browser is around $70 million. ”

"Why is the valuation of the Future community higher than that of Extraordinary Browser?" Xu Qing looked curious.

Charlie laughed: "The number of users in the future community is about the same as that of Extraordinary Browser, but we think that the user stickiness of the future community is higher, and Extraordinary Browser has strong competitors, which affects the valuation." ”

Xu Qing admires IDG's opinion in his heart, and the future community will evolve into Facebook in the future, and Facebook's market value of hundreds of billions of dollars is well known.

Extraordinary Browser will evolve into Google Chrome in the future, and Google Chrome is just a product of Google, and Facebook's market value is not much different from the market value of the entire Google.

Xu Qing watched Charlie slowly show an expression of ambition and said, "I'm sorry, I have no plans to sell Future Company. ”

Charlie was stunned for a moment, didn't seem to believe Xu Qing's words, and asked suddenly, "You refuse our acquisition?"

"Yes. Xu Qing said calmly.

Charlie was crazy, he felt that Xu Qing was playing with him, the two talked so much, Xu Qing looked like he was going to agree to the acquisition, but he said that he refused to buy.

"Can you give me a reason?" Charlie's mood quickly regained his composure, he had been through countless negotiations, and he had experienced the current situation.

Xu Qing looked at Charlie's expression that had regained his composure, and thought that he would be annoyed and angry, too, how could he be a mediocre person if he could be the senior vice president of IDG.

"Future is my brainchild, and I'm not short of money. Xu Qing smiled.

Xu Qing's sentence that he is not bad for money almost makes Charlie vomit blood, he knows Xu Qing's information very well, and now Xu Qing has a net worth of more than 1 billion US dollars, and most of this net worth comes from Harry Potter and electronic pets.

The two products released by Xu Qing brought Xu Qing a lot of cash, that is to say, most of Xu Qing's net worth is composed of cash, unlike those rich people whose net worth is mostly composed of fixed assets and stocks.

How important cash is, needless to say, Xu Qing can directly take out hundreds of millions of dollars in cash, without breaking the capital chain of his company, and hates this kind of rich man who can take out a lot of cash at any time.

"Mr. Xu, many things can't be solved with money. Charlie laughed, but the smile was cold.

This is to threaten me! Xu Qing heard Charlie's words and thought in his heart, in fact, at the beginning, Xu Qing would not directly say that Future Company refused to acquire, but refused in a tactful way.

But seeing that the leader of IDG's negotiation team was only a senior vice president, and Charlie said that he would buy future as a wholly-owned company, Xu Qing changed his initial idea.

"Mr. Charlie is right, there are many things that money can't solve, but it doesn't matter, if you can't solve it, let it go first, and one day it will be solved. Xu Qing also smiled.

Charlie saw that Xu Qing's refusal was very firm, and IDG's acquisition plan for future was preferably a wholly-owned acquisition, with a minimum requirement of acquiring 51% of the shares, in short, to take control of future company.

"Mr. Xu, since you refuse to buy a wholly-owned company, then we don't force it, we can buy 90% of the shares, and the purchase price is $155 million. "Charlie changed the terms of the acquisition.

"I'm sorry, but I still don't agree to the terms of the acquisition. Xu Qing refused very simply.

Charlie frowned, he felt more and more that Xu Qing was not willing to sell the shares of Future Company at all, even if it was 1% of the shares, and he said directly: "How many shares is Mr. Xu willing to sell in Future Company?"

Xu Qing said slowly: "Future Company is not willing to sell any shares!"