Chapter 166 Facebook shares in hand
In fact, when Jiang Hui communicated with Tang Wenwen last night, Jiang Hui meant that as long as he could take this opportunity to get more than 30% of Facebook's shares, he would be satisfied, of course, the more shares, the better.
Although there is an intranet now, with the urine of European and American countries, the possibility of the intranet to occupy almost all major countries outside the Celestial Empire like Facebook in the previous life is too low. After all, most of the markets in those developed countries will still fall into the hands of Facebook, and only Jiang Hui knows best what kind of behemoth Facebook will be at that time.
"Mr. Zach, you may still not understand the current market situation. Since entering the U.S. market, the school intranet now has more than 100,000 users, which is basically the same as Facebook. In addition to the United States, the intranet is also a common website used by universities in island countries, Southeast Asia and other countries. Now it's Facebook plagiarizing the intranet, if you don't take the way of out-of-court settlement, your website has to close this way, and then you have to compensate for all kinds of losses in the intranet, have you taken these things into account?", Tang said.
"Facebook didn't plagiarize the school's intranet," Zach said.
Yes, it seems that he didn't listen to what Tang said in the article, but he just cared about the word "plagiarism".
"Mr. Tang, it is impossible for us to accept 80% of the shares, can you propose a more reasonable plan?"
Linda said.
"I think 80 percent is reasonable, if you think it's unreasonable, you can come up with a plan that you think is reasonable and see if we can accept it," Tang said.
In the negotiation of this thing, the first bidder often suffers a loss, implying that he has insufficient confidence in his heart. The school intranet is now in an advantageous position, and Tang Wenwen will definitely not make such a low-level mistake.
"As we have just said, more than 49 percent of the shares are not controlled by the school intranet. If the school's intranet can merge its North American operations into Facebook and provide a million dollars in funding, we can accept a 49 percent stake," Linda said.
"Hehe, the North American business of the school intranet is no worse than Facebook, and now Facebook is caught in a lawsuit for plagiarism of the school intranet to seek an out-of-court settlement, but you in turn want to annex the North American business of the school intranet, and collect a sum of money by the way. If this is your sincerity, today's negotiations can be over", Tang Wenwen got up and prepared to leave the conference room.
"Mr. Tang, please wait a minute, isn't there a habit in your Celestial Empire called bargaining, this is just a Facebook offer, you can bargain if you are not satisfied", Linda said.
"The point is that your offer is so insincere that I lose interest in counteroffering," Tang said.
"Mr. Tang, the lawsuit is fought, even if the intranet wins, what can we get in the end? Rather than losing both, it is better to cooperate for a win-win situation, we are here to negotiate with your company today with the sincerity of cooperation, please believe in our sincerity", Linda said.
"It is not impossible to merge the North American business of the school intranet with Facebook, and it is also possible to discuss the use of some funds for the development of the new company, but the school intranet must own at least 70 percent of the shares of the new company. If you're worried about having too many shares in the intranet, we can give Mr. Zuck 21 percent of the shares," Tang said.
Zack first heard that Tang Wenwen wanted 70% of the shares, his face was ugly, which was beyond his bottom line of acceptance, but when Tang Wenwen said that he could give him the voting rights of 21% of the shares to manage, his eyes couldn't help but light up, this is not completely unacceptable, of course, 70% is still too high.
"Seventy percent is too high, and we can accept at most 60 percent of the school's intranet, and the voting rights of 20 percent of that stake must be delegated to me," Zach said.
"If it's 60 percent of the shares, then the school intranet will only be responsible for providing $500,000 in development funding, and Facebook will have to commit not to enter the Asian market in the future," Tang said.
The school intranet restricts Facebook from entering the Asian market, Zach doesn't care very much, not to mention that the current Facebook does not even occupy the American market, but the school intranet has already accounted for the Asian market, and when Facebook wants to enter the Asian market in a few years, the school intranet will definitely do this part of the business steadily, and it is not so easy to grab. For the current Facebook, the future Asian market is a chicken rib, and since the school intranet wants to use this chicken rib to make a transaction, Zach is of course easy to accept.
"Yes, in the future, Facebook will focus mainly on the North American and European markets, and if it doesn't enter the Asian market, the rest of the world will rely on its own capabilities," Zucker said.
"I hope we have a happy cooperation," Tang Wenwen stretched out his hand and said.
"It's a pleasure to work together," Zach said as he shook hands with Don.
……
Once the main content is negotiated, the rest of the work is basically left to the lawyer.
Jiang Hui did not want to directly control Facebook in the name of the school's intranet, but asked the law firm to help register several offshore companies and control Facebook through these offshore companies.
There are many advantages to setting up an offshore company, on the one hand, the local government does not have any tax on such companies, only a small annual management fee, and at the same time, all the major international banks recognize this type of company, which provides convenience for them to set up bank accounts and financial operations. It has the three characteristics of high confidentiality, tax burden reduction and exemption, and no foreign exchange control. On the other hand, controlling Facebook through an offshore company will also save the school's intranet from being exposed to the eyes of the American people, which will also be beneficial to Facebook's subsequent development.
After several tosses, 60% of Facebook's shares finally fell into the hands of the intranet, and the price paid by the intranet, strictly speaking, is only half a million US dollars and registered users in the United States, plus some law firm fees, which can be described as a very good deal. Jiang Hui knew that Facebook's market value in later generations was more than $400 billion, and although it was impossible for the school intranet to hold 60 percent of the shares all the time, even if the intermediate rounds of financing and listing were counted, the final shares held by the school intranet would not be less than 20 percent, which was more than 80 billion US dollars, almost 500 billion yuan.
Jiang Hui felt that the school intranet could achieve this result, Tang Wenwen really made a lot of effort, it seems that he spent a little bit of intranet shares to invite him over, which is really a correct choice.
Vote for me with papaya, repay it with Qiongju; vote for me with peach and plum, repay it with Qiong Yao! This has always been Jiang Hui's way of dealing with the world!