Chapter 148: Take Hao123

"How can I say it, if Brother Li is willing to cut his love, of course I am happy to take over. You can also choose to buy a stake in the school's intranet," Jiang said.

In fact, Li Xingping would come out to meet, and Jiang Hui knew that it basically showed that he had the idea of selling the website in his heart, of course, the premise was to sell it at a good price.

Later generations have also asked Li Xingping why he sold his personal website that has earned a lot of money, Li Xingping admitted that a very important reason is that he has been unable to find the next development direction of the website, and at the same time, he likes to fight alone, low-key, humble and introverted, and he does not like to cooperate with others. In fact, he even turned down an investment opportunity from IDG.

Jiang Hui saw Li Xingping picking up the teacup and drinking tea again, but he didn't take his words.

"I bought Hao123 in the hope that it would grow stronger, and the small workshop-style operation would limit the development of Hao123," Jiang continued.

Although Jiang Hui wanted to rely on Hao123 to pit Du Niang, after all, in addition to Du Niang's high-level now, only Jiang Hui knew that forty percent of Du Niang's traffic came from Hao123, and when the time came, as long as the position of the link was adjusted, it would be enough for Du Niang to drink a pot, so they couldn't help but give in. This should also be the reason why Du Niang was willing to buy at a high price in the previous life, after all, no one wants their life to be pinched by others. However, this idea must not be said to Li Xingping.

"How is the development of the school intranet now?", Li Xingping asked.

"There is no rival in China, and it is currently invincible in the world, after all, this idea was first proposed and used by us. In the past few months, the intranet has been used by nearly 4 million college students, and we will soon expand our business to the international market. It's a high-speed development stage, and there are a number of interesting features in the pipeline, which we will continue to roll out. I don't know if you know the @ function a few days ago, once this function was launched, the number of active users in the intranet rose rapidly, and this function was quickly used by other users outside the intranet. In my eyes, the current valuation of the school intranet will not be less than 500 million, not less than 100 million in half a year, and at least 200 million or even 5 billion or 10 billion in a year, and the future imagination space is immeasurable," Jiang Hui said.

After listening to Jiang Hui's words, Li Xingping was still quite shocked in his heart, after all, some of the information he saw in the news that was difficult to distinguish between truth and falsehood and Jiang Hui now sitting in front of him talking about the school intranet had a very different impact.

"Since my brother is so optimistic about the development of the school intranet, why is he willing to exchange the shares of the school intranet for Hao123?", Li Xingping asked.

"That's a good question, and as I said earlier, there are several interesting features being developed in the intranet, and these features will gradually become independent and exist as a separate company. Although Hao123 does not have so many directions to choose from, its influence on the Internet beginners is what I like now, and I hope to accelerate the development of my other websites through this website. So I can accept a small share of the school's intranet in exchange for Hao123, and of course, if Brother Li agrees to buy it all with cash, it will be better," Jiang Hui said.

"To be honest, this website now has the largest market share, and I think there is still a lot of room for development in its value", Li Xingping thought about continuing to raise the value of the website.

"In the first two years, Hao123's market share was very high, and at that time, competitors did not consider entering this field. In the past two years, you have seen it yourself, although the market share is still the first, but there have been strong competitors, the threshold of this website is too low, as long as there are companies that choose to make great efforts to play, can your current website still hold on?", Jiang Hui said.

"How much does Brother Jiang want to spend on the acquisition?" asked Li Xingping.

"I don't report too empty figures, let's just say that 30 million cash will buy all the shares. Or 10 million in cash and three points of shares in the school's intranet," Jiang Hui said.

"I now have a website income of almost 10 million a year, Brother Jiang, your price is too low, right?" Li Xingping said.

"Maybe you earned nearly 10 million last year, but now that there are more and more competitors, how can you guarantee that it will continue to bring you 10 million a year? With Brother Li's experience over the years, there must be some good ideas, but I don't have time to do them. Maybe this is another turning point in your career," Jiang Hui said.

In his previous life, after Li Xingping sold Hao123, he did not take a large amount of money to squander, or disappeared, he founded 4399 mini games.

In 2004, broadband internet became more widespread, and access to the Internet was no longer a luxury. With rich experience, Li Xingping once again grasped the needs of grassroots users, and the emergence of 4399 mini games came at the right time. At the peak of the 4399 mini game, some investors even proposed to bid for a $100 million acquisition. Of course, that's all for later. At least it shows that Li Xingping does have some ideas waiting to be implemented and is willing to sell Hao123.

"10 million in cash and five points of intranet shares, this is the price in my heart," Li Xingping said.

"Fifteen million in cash plus three points of intranet shares," Jiang Hui said.

……

In the end, Li Xingping said that he would go back and think about it.

In the next two days, Jiang Hui traveled around Wuyang, waiting for Li Xingping's results.

In the end, on the third day, Li Xingping took the initiative to ask Jiang Hui to meet, and after another confrontation, Jiang Hui finally acquired Hao123 with 22 million cash and 2 points of intranet shares. After all, Li Xingping still didn't have so much confidence in the school's intranet, and chose to take more cash and play less shares.

In fact, Jiang Hui also has the advantage of information asymmetry, if anyone knows how good Hao123's current traffic accounts for 40%, Du Niang will come over to talk about the acquisition in a few months. Then he wouldn't have sold at the current price. Although in the long run, the current price is not low at all, the premise is that Li Xingping does not sell the shares of the school intranet at a low price.

In fact, information asymmetry is everywhere, and most people do not have the ability to break through the clouds, or lack of understanding of the cards in their hands, and can't think of what lies behind. In matters such as being acquired, there is less such a thing as "buying but not selling", and generally speaking, those who are acquired suffer more losses.

But this is a willingness to fight and a willingness to suffer, and no one can say anything.