047 Five-Party Talks (II)
After the equity quota distribution is negotiated, the next negotiation progress will be much smoother. Pen | fun | pavilion www. ο½ο½ο½ο½ο½ο½ γ It took a whole day to refine and adjust the provisions in the previous draft.
So, on the afternoon of the third day of negotiations, a contract that had been reviewed by at least 10 senior lawyers was released. The main terms of the contract include:
First, Infinite Future Technology Co., Ltd. merged the ownership and operation rights of Xiaoka translation software, as well as related server resources, into Kamodo Intelligent Technology Co., Ltd. (one of the offshore companies that had previously registered Dai Yuqian), and owned 55% of the shares of the new company. The remaining shares are held by Accel, Greylock, Facebook and Tencent at 12%, 12%, 11% and 10% respectively.
Second, the market capitalization of Kamodo Intelligent Technology Co., Ltd., based on 30 million paying users, is set at a total market value of 180 billion yuan (about 27 billion U.S. dollars) based on a 50 times price-to-earnings ratio premium.
Third, the management of Kamodo Intelligent Technology Company adopts the form of a board resolution. There are a total of 7 seats on the board of directors, of which Chen Wenhao and the company's operation team occupy 3 seats, and the four investment companies each occupy 1 seat. In terms of voting rights, Chen Wenhao has three voting rights, and the other seats are one vote per seat. Chen Wenhao became the chief executive officer of the new company and has the authority to form a management team.
Fourth, the revenue brought by the small card translation software before, after deducting the necessary expenses (hardware expenses such as servers, employee expenses, publicity expenses, etc.), the balance (about 200 million yuan) will be transferred to the account of Kamodo Intelligent Technology Co., Ltd. as the company's working capital.
Fifth, the $5 billion obtained from the previous exclusive licensing of Facebook (of which $1 billion has already been received) will still be owned by Infinite Future Technology Co., Ltd. However, Kamodo will receive $100 million from the third instalment paid by Facebook to cover the subsequent development and maintenance costs of the translation module.
Sixth, all shareholders of Kamodo Intelligent Technology Co., Ltd. have the obligation to use their respective resources to promote and accelerate the spread of small card translation software around the world.
"There's nothing wrong with me anymore." Chen Wenhao first asked the lawyer to review the contract, and after reading it carefully, he said that he could sign the contract.
βOKβ
"Confirmed"
The heads of the companies said that the contracts had been approved, and several negotiators began to smile and shake hands in celebration, and there was no longer the previous saber-rattling.
Accel's team was closest to Chen Wenhao, and Kevin walked over with a spring breeze on his face, "Dear Chen, congratulations, this is a miracle. This is a new $27 billion company, and you're destined to be the new hero of the Internet world. β
Kevin clearly has more decision-making power within his company than David, and he was involved in the meeting as the head of Accel's negotiating team. David became an assistant to the vice president sent by Greylock's headquarters.
The airborne vice president also came to congratulate, "Chen, I heard the news when I was in the United States that Time Magazine was interested in asking you to be their cover character. If today's news were announced, those at Time Magazine would surely go crazy. He stretched out his hand to Chen Wenhao, "Congratulations!" β
"Thank you. I think today is a day to celebrate for all of us. I'm sure it won't be long before you'll all be proud of this contract. Chen Wenhao is now facing these industry giants, and he has long been free.
"Also, before we drink tonight's celebration wine, I'm afraid we'll have to deal with the reporters downstairs." Chen Wenhao said with a smile, "After all, they have been waiting here for three days, and I hope that the next announcement will make them feel that it is worth their money." β
"Look, there's movement!" In the hall on the ground floor, the thirty or forty reporters who were still on guard began to stir.
Two staff members received instructions to come down to set up the venue first, and they put together a few tables into a long line, and then spread the red tablecloth that had been prepared for a long time, and it became a simple rostrum.
Some reporters couldn't bear to go forward and ask the staff about the talks.
"Yes, the talks are over, and several company leaders will come down and hold a press conference soon. Please wait a moment. "The staff has been instructed to inform reporters of these situations.
Not long after, Chen Wenhao and the heads of several other companies appeared in the ground floor hall surrounded by a bunch of people.
The flash lights of the photojournalists lit up one after another, illuminating the faces of everyone on the rostrum.
Chen Wenhao, as the host, took on the job of the host. He tapped the microphone and went straight to the point, "Journalist friends have worked hard, everyone has waited so long to hear us talk nonsense." Then, I will directly announce that Kamodo Intelligent Technology Co., Ltd., which is jointly held by the five companies here, was officially established. The company will receive all the rights and interests of the small card translation software, and will be fully responsible for the subsequent development and operation of the small card translation software. β
"Did Infinite Future sell the small card translation software?"
"Excuse me, what is the total share capital of the new company?"
"How will the shares of the new company be distributed?"
β¦β¦
Chen Wenhao waited for the reporters' surging questions to come to an end before continuing to speak, "After negotiations with four other companies, Infinite Future Technology has determined that the market value of the new company will be 180 billion yuan (about 27 billion US dollars)......"
Buzzed, the group of reporters instantly exploded. Many reporters looked at their counterparts to the left and right to make sure they had heard it wrong.
What is the concept of $27 billion?
The "Queen of the Internet Report" released in May this year (so named because its publisher, Mary Meek, was called the "Queen of the Internet" by the famous financial magazine "Barron's" in the late 90s of the last century because of the great promotion of the development of Internet stocks), took stock of the trends of the global Internet industry in the past year, and listed the top 20 Internet companies with the highest market capitalization in the world.
The top two are Apple and Google, which are familiar to Chinese people, with Facebook in fourth place with a total market capitalization of US$******, followed by Tencent with a total market capitalization of US$2,060. In 20th place is also a Chinese company, Didi Kuaidi, with a market capitalization of $25 billion.
The reporters who have stayed until now are basically professional IT reporters who are familiar with the market. They quickly reacted, that is, the nascent Kamodo intelligent technology company came as a giant as soon as it was born, and its worth of $27 billion was enough to send it to the list of the world's top 20 Internet companies with the highest market capitalization.
"There is no comment on the specific share distribution at this time." Chen Wenhao answered similar questions.
Of course, Facebook may have to file a complaint with the SEC (Securities and Exchange Commission), and the corresponding transaction amount will appear in the market announcement, but only Facebook's share will be disclosed. With this information, the professional media can deduce the approximate distribution scheme, but this is just speculation.
He answered two more questions and passed the microphone to the heads of the other companies. From now on, the matter of small card translation software has come to an end. And for his goals, these are just a foreshadowing to raise funds for the operation.
Now 17.1 billion funds are about to be in place ($5 billion paid by Facebook + $12.1 billion in this equity swap), and it also objectively contributes to eliminating the communication barrier between different languages around the world. Chen Wenhao is quite satisfied with the work completed in the previous stage.
Next, there are more difficult stage tasks waiting for him to complete.
======================================
[Interaction time] Regarding a book friend who proposed that the protagonist and Facebook made a big deal of 5 billion yuan, why did he dare to go to Xiangjiang alone to do business? And why doesn't this high-tech company have a security department?
Choi sum special explanation:
1. Because the existence of the small card needs to be kept secret, the protagonist needs to do everything himself in the initial stage, and it is difficult to take care of thousands of miscellaneous things at this stage. At the same time, the first product is a software product, there is no physical product, and there is a small card check, and the possibility of code theft does not exist, so the security department is not necessary at this stage.
2γWhen the protagonist won the big Facebook order,The specific news was not disclosed.,The hero actually set off the day after winning the list.γ Even if there is an undercurrent, there is not that fast reaction speed. As for Facebook itself, since it has just signed a contract and has not yet delivered the product, the possibility of doing something is basically non-existent. (After all, this is the leading company in social media, not Blackwater, right?) οΌ
3. The setting of the security agency in the later stage has been conceived in the concept of Caixin. After all, next, the products that the protagonist is going to launch will involve the physical manufacturing industry, and the demand for confidentiality and security will obviously increase. In fact, many high-tech enterprises do not have a special security department, and the security personnel are managed by the administrative department. Of course, the company where the protagonist works will inevitably be, because a series of products that will be launched will blow up the market, and this situation is naturally necessary. The rationality of the story logic is the goal that Choi Sum strives for.
4. Thank you for your attention and valuable suggestions. Thank you for this!