Chapter 36: Figures of the Times
Outside Google's headquarters in Mountain View, there are reporters from the financial and technology sectors.
Today is a big day for these journalists, because the largest Internet merger and acquisition this year is about to take place here; All the media that got the news in advance rushed to grab the headlines.
Unfortunately, the formal signing ceremony is not open to the public, as neither party to the transaction is willing to be interviewed about the details of the contract conditions. The exchange of signatures repeated in front of people for a while is just a show of appearance.
Larry Page himself personally signed several agreements and exchanged them with Gu Mojie, while saying: "Gu, I have to admit that you have brought the best negotiators, and I hope we can continue to cooperate happily - at least for now, it seems that you can refocus your energy on your domestic business competition." ”
Gu Mojie took the thick agreement handed by the other party, and also stuffed it in his hand: "Each other, I hope that after you take YouTube, you can 'adjust' Zuckerberg's development speed in the field of social sharing - you know, I don't like the rich generation in the world who are about as young as me." ”
Page laughed heartily: "Ha~ Do you dare to say the same thing again to the camera of the financial reporter outside after a while?" As long as you dare, tomorrow I will guarantee that Facebook's hatred value will be at least 30% taken away by you. ”
Gu Mojie pouted: "Then it's not necessary." ”
Page cooperated and instigated: "That's okay, you just need to run out and say it, and I will give you two additional licenses for the use of high-precision sensor technology worth millions of dollars, and package relevant technical support." ”
Gu Mojie smiled: "This can be considered." ”
According to the contract, Google finally invested more than 700 million US dollars in cash, or about 5 billion yuan, to acquire 75% of the shares of Chuyin Video's overseas business unit - in accordance with relevant US laws. Many corporate decisions do not require the support of 51% shareholders, with some resolutions requiring a two-thirds majority, while others require 70%. With the acquisition of a 75% stake, Google can fully secure control of the new company.
For the sake of brand succession, Google kept the new subsidiary under the YouTube brand, only removing any stigma associated with the Hatsune Group. In order to continue to play the residual heat of YouTube popularity.
In addition, Google has spent tens of millions of dollars in public welfare research funds that will be donated in batches over the next few years for the use of non-profit organizations under the name of Hatsune Group - this organization was also spun off from the original YouTube by the two parties after negotiation and approval before the merger, embezzling about 20% of the original YouTube's server and bandwidth resources, plus a mature website architecture.
In the future, this organization can only engage in public welfare video sharing - such as the Salman that Feliro just found for Gu Mojie. The "Khan Academy" that Khan is going to build, as well as other free education. And there will be no commercial advertising revenue on this new website.
Finally, Google side as a supplementary condition. He also selected some sensor technology application licenses that Gu Mojie needed, including the sharing of hardware use and software interface standards, and packaged them for authorization to Hatsune. These licenses, if they were to be purchased in real terms, would be worth tens of millions of dollars.
It's as if before MediaTek's MTK copycat phone set appeared, if China's genuine mobile phone manufacturers wanted to enter the industry, they would first be slaughtered by Qualcomm, which was in a monopoly position, in terms of chip authorization and technical interface. Licensing and technical information on top-of-the-line hardware has never been cheap, and Google has been doing more than search for so many years. It has also invested a lot in intelligent hardware and artificial intelligence, and has made a lot of achievements. Gu Mojie wants to enter hardware. With some of Google's technology sharing, you can also get off to a faster start.
However, for Google, authorizing one more partner will not bring much actual cost. Compared with directly giving more money on the purchase price, this kind of capitalless business will obviously reduce the financial pressure on Google.
A formal agreement was signed. Gu Mojie and Larry Page got up together and went to the lecture hall prepared by Google for a press conference. Under the flickering spotlight, Gu Mojie's image was the first time that the majority of American civilians paid attention to it -- although more than 20 million or 30 million American citizens had seen the video on the video website run by Gu Mojie, they knew what Gu Mojie himself looked like. But there are really not many.
Overnight, from Silicon Valley to Wall Street, major financial sectors have given this young man from across the ocean headlines.
"Zuckerberg in the East - the super-rich who is two years younger than Zuckerberg, a generation of wealth stars who have exploded in just three years."
"Forbes" used a full two lines of bold font to write this big headline, and in the past, with the forced style of "Forbes", it was rare to divide the title of the article in the second issue.
"The new generation of Oriental super-rich people who are only 21 years old and worth a conservative valuation of more than $4 billion" is the evaluation of Gu Mojie by Time Magazine.
In addition to newspapers, magazines and websites, the photo of Mr. Gu and Mr. Larry Page showing off was duly on the big LED screen on the corner of the NASDAQ building — even though Hatsune had no attempt to list in the United States.
The large LED screen in Times Square in New York is also not exempt from vulgarity.
……
On the day of the signing, Gu Mojie and his entourage accepted Google's cocktail party banquet, tossed it late, and fell asleep when they returned to the hotel. He was woken up by Feliro at nine o'clock the next day, reminding him that he was going to meet an investor today.
Gu Mojie cleaned up, and did not wear formal clothes, so he met the other party at the Montevero seaside hotel where he stayed.
The person who came was an American in his early thirties, but his skin was dark yellow, and he was more yellow than the Chinese. The bridge of the nose is high, and it resembles the hooked nose of the Jews.
Hurriedly scanning the other party's resume before the meeting, Gu Mojie knew that this person named Salman. Khan's man was an Indian immigrant - his father was Pakistani and his mother was Indian. The family grew up in New Orleans, where French culture is strong.
Gu Mojie is not a racial attention, he doesn't care about these, he only uses people to see if the other party has the ability. Judging by the educational experience. This Salman Khan should be able to talk to Gu Mojie, because both sides are generalists who are both liberal arts and sciences.
Salman Khan received his undergraduate degree from MIT (Massachusetts Institute of Technology) with a double degree in Mathematics and Electrical Engineering and Computer Science. In this way, this Khan's mindset should be a real science and engineering student.
But. When it was time for graduate school, Salman Khan actually changed his style of painting and went to Harvard Business School to study for an MBA.
In 2004, Khan stayed in New York after completing his MBA and switched to the financial investment industry, working for an investment management company called Wall Fund.
Before he left for New York, he had been using his spare time to make up lessons for his cousin who stayed in his hometown in New Orleans, and after the separation, he could only use online video classes. Initially, Khan used Yahoo Online WordPad. After about a semester, YouTube went live, and Khan switched to YouTube as a platform. In this way, the private lessons he gave to his cousin became public classes and could be seen by countless people.
This was about a year ago, and as of the first half of '05, there were only a few thousand hardcore users who had seen Khan's instructional videos online.
But as the reputation of the course grew. The learning experience is intimate, and the teaching style is like the big brother next door. The popularity of Khan's teaching video on YouTube suddenly surpassed the official free math lesson released by MIT on its own platform. Inspired by this, Khan spent more of his spare time on video production.
In the history of the original time and space, it was not until around 80/09 that YouTube had to succumb to market pressure and insert patch ads and ad fee sharing schemes, and Khan began to get a little financial compensation from this business. Before that. Because he has neither income nor investment, he can only do this part-time. It wasn't until 2009 that Khan resigned from Wall Fund Management to take a $5 million investment from Bill Gates. Started a pure public welfare undertaking.
Now, because of Gu Mojie's restructuring of YouTube, the advertising fee sharing plan has been implemented ahead of schedule, and Khan has also tasted financial compensation in advance and sees the possibility of full-time.
This coincided with Gu Mojie's sale of shares in the overseas video business to Google, and the spin-off of an independent non-profit organization that focuses on public welfare videos and may expand other public welfare businesses in the future.
Google paid $5 million a year in Mr. Gu's name to help Khan do that — if he was competitive enough.
"Mr. Khan, sit, it's a pleasure to meet you, I believe we are among the same people."
In the hotel's beachfront courtyard, Gu Mojie sat on a chair with a large parasol and poured a glass of Brazilian cherry juice for Khan. Khan looked only slightly restrained, and then he became calm, sat down and drank while chatting with Gu Mojie.
Maybe it's because he has no desire, after all, he is doing public welfare, not business, and he doesn't plan to make money from Gu Mojie. Even the business plan is a few thin pages, and the rest is ready to be supplemented by dictation.
Khan unceremoniously took a sip of cherry juice and said straight to the point: "Gu, I have to admit that I always thought that you Chinese did not like to do charity. I should apologize for this misunderstanding. ”
"It's okay, what you think in your heart, if you don't say it, no one will know, if you are willing to say it, you will be very honest, don't think so in the future. What's more, this time it's actually Google that pays for it, and I'm just taking a reputation. ”
"That's not easy, after all, if you don't want to do this kind of thing, you can at least get tens of millions of dollars more from the negotiating table. I've always loved the YouTube vibe, and now that my students can take my courses without having to watch commercials, I'm more confident in the business. Even if you quit your job at the Wall Fund, you can do it full-time. ”
Hearing this, Gu Mojie thought of a question, so he interrupted Khan: "Tell me how much you make in a year in the Wall Fund now." ”
Khan paused for a moment, a little embarrassed: "Two hundred thousand." ”
Dollars, of course. This figure is not deceptive, and you can check the record of the individual tax return.
"Oh, that's pretty good, but it's a pity that in the future this organization is a non-profit organization, and the salary subsidy is subject to federal and state laws, and I don't think I can do it that high. However, I can find a way to give you some subsidies through channels other than the organization, and I won't let you suffer to do this. ”
Khan hurriedly interrupted Gu Mojie: "Gu! I hope you understand that I'm not doing this for the money. ”
"What? I don't mean anything else, do you think I'm insulting you by giving you money? No? Alright, let's get down to business. (To be continued.) )