Chapter 130 $450 million valuation
Su Wen didn't expect that when he was talking about anxiety with Wang Dawei, Rodman, who had never spoken, would suddenly speak, and he hit the point in his heart at once. Pen | fun | pavilion www. biquge。 info
Su Wen glanced at Rodman curiously, until now he didn't know what this Rodman was, and he didn't know if what he said was accurate?
Wang Dawei saw the doubts in Su Wen's heart and introduced. "Mr. Rodman is the CEO of MIH Group, and what he said is completely accurate!"
Su Wen raised his eyebrows, in order to invest in Weixin, even the top leaders of the MIH Group were dispatched, which can also be seen how much they attach importance to Weixin.
However, despite Rodman's promise that he would be willing to give himself voting rights after going public, Su Wen still felt that forty percent of the shares were too much!
"Even so, it's a bit too much for MIH to ask for 40 percent of the shares. ”
The shopping mall is the battlefield, and it is by no means a place where you respect me and I respect you, but a place where you eat people and don't spit out bones!
Wang Dawei didn't expect Su Wen to be so difficult, MIH had already made concessions on voting rights, but he still didn't give an inch.
Wang Dawei set his eyes on Rodman, who had just spoken, and the two had discussed that if Rodman opened his mouth, he would take over the negotiations.
Rodman stared at Su Wen with cold eyes, and said in an unquestionable tone. "Thirty-five percent of the shares, this is the bottom line of our MIH!"
Su Wen's expression was also slightly dark, and he felt the oppressive force that Rodman brought him.
The conference room was frighteningly quiet at this time, and everyone was waiting for Su Wen to make a final decision.
However, 35% of the shares are actually not far from the bottom line in Su Wen's heart.
Su Wen was also hesitating whether there was a need to argue, and weighed a lot of pros and cons in his heart before finally making a decision. "Mr. Rodman, we can now talk about the valuation of WeChat. ”
Hearing Su Wen's words, Rodman couldn't help but breathe a sigh of relief. "Good!"
MIH Group is really optimistic about the company and even sees the potential of Yahoo from Weixi.
At that time, SoftBank Masayoshi Son made a net profit of two or three billion US dollars by investing in Yahoo, which drew people's attention to the nugget of the Internet.
When the U.S. Internet is dominated by several major investment banks, a lot of venture capital will pour into China.
Because many people predict that China will be the second birthplace of the Internet after the United States!
This is also the reason why China.com was listed on the NASDAQ with just one Chinese concept and was still popular!
Speaking of now, the focus of the dispute between Su Wen and MIH is not the hotly discussed valuation of WeChat, but the issue of equity distribution.
The issue of equity distribution was finalized, and both parties did not dwell on the issue of valuation, and after some discussion, they made a valuation of $450 million for WeChat.
With a valuation of $450 million, 35% of the shares are invested, which means that the amount of MIH's financing this time has reached $157 million!
According to the agreement, Su Wen can get 30% of the financing amount.
Thirty percent of the $157 million is $47.25 million, which goes directly into Su Wen's pocket.
The remaining $110 million will go to WeChat.
Su Wen was also a little emotional at this time, it only cost him 1.2 million yuan to buy Tengxun last year, and after a year, not counting the shares of Weixin that he still holds, he has already made a net profit of 370 million yuan, and the Internet is really a profiteering industry! (47.25 million US dollars is equivalent to 370 million yuan)
After negotiating the equity and valuation, the two sides also discussed the details, and MIH will send two representatives to enter Weixin, but they will not participate in any administrative management, but only understand the daily operation of Weixin and give feedback to MIH.
Su Wen had no objection to this, and after the details were negotiated, the two parties signed an agreement under the witness of the lawyer, and when the first funds of the agreement arrived, the agreement would officially take effect.
The two parties also agreed that on the day the agreement came into effect, it would be officially announced!
The financing of $157 million is an eye-catching opportunity for both parties, and it is natural to announce it to the public.
Rodman paid a $3 million deposit to Suvin in advance.
If MIH tears up the agreement, the $3 million will go to WeChat.
And if Weixin tears up the agreement, in addition to the $3 million that must be returned to MIH, another $3 million must be compensated to MIH!
Raising $157 million in cash will not be easy for MIH either, so the financing will be divided into three payments.
The first tranche of $50 million will arrive on the account within 15 days, while the second tranche of $60 million will arrive within two months.
The third tranche deducts the $3 million upfront, and the remaining $44.5 million will arrive in five months.
signed this agreement, in fact, Su Wen was also relieved, with this fund in the future, he would never have to live a life of restraint.
After sending the people on the MIH side left, Su Wen began to have another headache.
Wu Xiaoguang, Xu Gangwu, Ren Yu and Wang Chuan, these four people all play a key role in WeChat, and it can even be said that more than half of the country in Weixin was defeated by them, and they just moved their mouths.
This time, he got so much benefit, he had to give them some sweetness in both public and private affairs, otherwise it would be easy to make them feel cold, and Su Wen didn't want to see them poached by other companies.
Before Weixin did not raise funds, Su Wen was 100% owned by himself, but now with MIH, a shareholder of 35%, Su Wen still has 65% of the shares left.
Su Wen decided to take out 6% of the shares as an option and give it to these four meritorious people who have made great contributions to WeChat.
To this end, Su Wen specially convened a meeting of core members.
In addition to announcing MIH as the second shareholder of WeChat.
Su Wen also took out six percent of the shares and distributed them to the four people in the form of options.
Among them, Wu Xiaoguang, who contributed the most, received three percent, and the remaining Xu Gangwu, Ren Yu and Wang Chuan were all one percent.
In addition, this option can only be cashed out after working in WeChat for five years.
The four people in the conference room didn't expect Su Wen to come to such a hand and give them such a big surprise.
Because according to the valuation of MIH for WeChat, Su Wen's gift directly created three multimillionaires and one billionaire.
Although this share will not be cashed out until five years later, at least there is hope, which is more than a hundred times stronger than receiving a dead salary, and several people in the conference room unconsciously have a sense of belonging to Weixin.