Cole was anxious: "Mr. Xu, your conditions are too low, it is completely impossible, and there is no sincerity in negotiation." ”

Xu Qing said unhurriedly: "Don't worry, I'll tell you why this condition is the reason, Lane Bank wants to exchange shares with the three major groups, then it is equivalent to Lane Bank's investment in the three major groups, do you agree with this sentence?"

Cole certainly agrees with this sentence, exchanging shares is equivalent to another form of investment, and it is precisely because there is no way to invest in the three major groups head-on that the forces behind him use the exchange of shares to invest in the three major groups on the side.

However, Cole could already guess Xu Qing's next words, but he could only stubbornly answer: "I agree with your words." ”

Ma Dan, today's negotiation is so aggrieved, I thought it was easy and happy, and he successfully completed the set negotiation goals, but now he only feels that every second hurts.

Mainly because fundamentally speaking, Xu Qing has the absolute upper hand, and the forces behind him want shares in the three major groups, but Xu Qing does not have to buy Lane Bank.

Xu Qing's acquisition negotiation team gave him too much illusion before, thinking that Lane Bank had the upper hand.

Xu Qing continued: "Cole agrees that this sentence is very good, and there are two things that are most important to invest in a company, one is the company's profitability, and the other is the company's development potential.

In many cases, development potential is more important than profitability, just like today's Internet companies, whose profitability is much worse than that of traditional industries such as oil, but the development potential is much greater.

Therefore, the market value of oil companies and Internet companies with the same assets is much larger, and the market value is largely determined by the company's development potential.

In terms of real assets, the three groups together are not as large as Lane Bank, but their valuation is more than 6 times that of Lane Bank.

The reason why there is such a big contrast is because the development potential of the three major groups far exceeds that of Lane Bank, and the market is willing to pay for the development potential of the three major groups.

Therefore, the 6% stake of the three major groups cannot be seen to be worth just over $600 million now, and in the next few years, it will increase at least 5 times, and in the next 10 years, it will increase more than 10 times.

And when I buy Lane Bank, I don't just exchange shares, I will give $300 million in cash and $200 million in fixed assets.

My conditions are not low. After Xu Qing finished speaking, he picked up the coffee cup and took a sip of coffee, and after saying so much, he was a little thirsty.

Cole listened carefully to all of Xu Qing's words, and he immediately noticed that there was a loophole in Xu Qing's words, and immediately smiled: "Mr. Xu, first of all, I agree with what you said, but you ignore an important fact.

You say that the shares of the three major groups will increase more than 10 times in the next 10 years, then according to the current valuation of the three major groups, even if they increase 10 times in 10 years, the value of 6% of the shares will only be more than 6 billion US dollars by then.

With more than $6 billion plus $300 million in cash and $200 million in fixed assets, the total value is only nearly $7 billion, a difference of more than $1 billion from the current assets of more than $8 billion of Lane Bank.

In other words, the more than 1 billion US dollars will not be able to be made up in 10 years, and Lane Bank will suffer a big loss no matter how you look at it. ”

Xu Qing said with a smile in his heart, he deliberately left this loophole, in order to let Cole take the initiative to say it, how could he not know the gap of $1 billion.

Xu Qing smiled and was about to speak, Cole saw Xu Qing's smile and chuckled in his heart, could it be that this loophole was deliberately left by Xu Qing.

Looking at Xu Qing's appearance, it is very likely that Xu Qing is really a very difficult negotiation opponent like this, and Cole feels that he is going to hurt again.

Sure enough, I only heard Xu Qing say slowly: "It's good for you to ask this question, according to normal logic, there is a gap of more than 1 billion US dollars."

However, the shares of the three major groups cannot be thought of according to normal logic, and I just said that investment companies mainly focus on two points, the company's profitability and development potential.

So what are the investment purposes? What are the benefits, and where do the benefits come from? In most cases, they come from the company's profits.

But there are also cases where the company's profits are not so important, but rather the benefits created by the company in combination with other industries.

The company alone may bring you very little profit, but when combined with other industries, it can be a lot of profit.

I've learned about the industries you're investing in, and I think those industries can be combined with my company to create profits that are well over $1 billion.

I can give you a guarantee, when the force behind you needs the cooperation of my company, I will give you some help. ”

Xu Qing's words were very sharp, directly poking at the true purpose of the forces behind Cole.

Among the three major groups, Future Group has the highest valuation, accounting for the vast majority of the valuation of the three major groups.

It is also the real purpose of the forces behind Cole to agree to the acquisition negotiations, that is, to want the shares of the Future Group, and the other two groups are incidental.

Future Group is a giant in the Internet industry, and the Internet industry can be said to be a panacea industry, which can be related to almost all industries.

Although the Internet has only just developed, more and more people are seeing the power of the Internet and the power of combining the Internet with other industries.

The industries invested by the forces behind Cole want to use the influence of Future Group in the Internet to make the industries they invest in more profitable.

This practice is very common in later generations, such as the famous Internet + concept.

It is precisely because Internet companies have this ability to bring huge profits to other industries that Internet companies generally do not have a lot of profits, but their market value has always been very high.

For example, the market value of Amazon in later generations reached more than $800 billion, but in the more than 20 years from its establishment to its market value of more than $800 billion, the combined profits were less than $10 billion.

Huaxia Mobile's one-year profit can complete Amazon's profits for more than 20 years, but Amazon's market value is several times that of Mobile.

Can you say that Amazon's market capitalization is inflated? No, because more than $800 billion is the real market reaction to Amazon's market capitalization.

The current Future Group is the same, with only about 10 million dollars in profit in one year, and there is no other source of income except advertising revenue and some miscellaneous income.

Future Group's one-year profit of tens of millions of dollars is not as much as the profit of Glory Group in 10 days.

But Future Group has a market capitalization of tens of billions of dollars, and it is the most popular company among the three major groups.

Cole didn't know how to answer, the real purpose of the forces behind it was known to Xu Qing, he wanted to say that this was not the real purpose, who would believe it, he didn't even have a chance to lie.

But if he agrees to the condition of 6% of the shares of the three major groups, then it seems that he is very incompetent, because his previous condition is that the shares of each of the three major groups are 15%, which adds up to 45%.

Now Xu Qing's condition is that the combined shares of the three major groups are 6%, which is too different!