Chapter 163: Gambling
I have to say that Zhao Jianwu's plan is a good plan for SAL from a purely commercial point of view.
But in this way, Duke estimates that it will take at least three or five years, and no one dares to pack a ticket to where he can go in the end, and who knows what will be the general situation of mobile phones in three or five years. So that's too much time for Duke, and now Duke needs to run ahead and seize the day.
Moreover, the hole cards in Duke's hand have not been fully played, although the new screen has a large production investment, but the technology is a big step ahead of the current one, and it is also a great selling point on the mobile phone, and the power consumption is much smaller than the existing screen, plus the full excavation of the hardware by Duke's new operating system, the hardware specification requirements can be greatly reduced, so that there is an advantage in standby time.
If the light sensor power supply is added, it can almost achieve indefinite super standby, which is not a replacement product, but it does have considerable advantages.
As long as there is a good brand and hardware design and production experience, not to mention beating Apple, but it is still very promising to break Apple's dominance in high-end mobile phones.
"If you want to do it, you can make it big." Duke stood up and waved his hand vigorously, "Our goal is to win HTC or RIM, and our competitors in the future are Apple and Samsung high-end mobile phones, and we will not enter the market below 2,000 yuan." ”
"Now the mobile phone market is an unprecedented period of prosperity, we do not step up to rush into the beach, the future will regret missing the opportunity." As soon as Duke spoke, Zhao Jianwu was silent. Although Duke is now a CTO in SAL, as the absolute controlling shareholder, he can definitely say a lot more than Cai Siqiang.
Not to mention that the three brothers had already admired Duke.
"But, Dr. Duke, where are we going to get the money for this huge acquisition?" Zhan Shaofeng, director of overseas mergers and acquisitions, asked again.
"This time, we took bank financing and carried out leveraged buyouts, and the funds needed were solved by overseas investment banks." When Duke was compiling the MBA course database for Shuya, he acquired a lot of business operation knowledge, and knew that small capital plays big acquisitions, and there is a leveraged buyout method, which is equivalent to most of the bank loans to acquire troubled enterprises, and then transform the acquisition target to quickly increase in value and make a profit.
This is an extremely risky capital operation game. After listening to Duke's decision, Liu Rucheng, a director sent by the venture capital company, felt that Duke was walking a tightrope.
Sure enough, he is still young, how can the mobile phone industry be able to play with one or two technologies, Liu Rucheng sighed secretly, and had to come forward, ready to remind this hot-headed young man, you must know that overseas investment banks are not so easy to fool, SAL companies are now venture capitalists have invested a billion dollars of real money, let Duke Hu come, maybe the billion dollars will be gone.
"Dr. Duke, the acquisition funds are too large, and from a commercial objective analysis, I think it is difficult for investment banks to lend such a large amount of money, unless all SAL companies are mortgaged, but in this case, it is extremely unfavorable for SAL companies." Liu Rucheng said.
"After the completion of this huge acquisition, if things go a little bit wrong, affecting the repayment plan of the loan, then SAL is likely to change hands."
Although Liu Rucheng's words are a bit sensational, they are not unreasonable. According to Liu Rucheng's years of investment and financing experience, such a huge loan, SAL must pledge all of it, don't look at the valuation of SAL venture capital of more than 20 billion US dollars, but in the eyes of banks, it is the sky to be able to mortgage 10 billion US dollars.
Hearing Liu Rucheng say this, Cai Siqiang, Dong Feng, and Zhao Jianwu couldn't help but feel their hearts beating, this is a big gamble, maybe the brothers have to start all over again, in today's position, who wants to start over from scratch?
"I don't think it's going to be that bad." Duke was not worried, "What is the relationship between Shaofeng and the investment bank?" Duke turned his head to look at Zhan Shaofeng and asked.
"I still have some connections with the senior management of Goldman Sachs and UBS." Zhan Shaofeng frowned and said, he used to be in charge of overseas investment in several other large enterprises, and he was also the master who had spent tens of billions of dollars, although the final result may not be satisfactory, but he is indeed very experienced in acquisitions. He also has good relationships with senior executives of several major investment banks.
It's just that Zhan Shaofeng never thinks that he has such a big face, and he can fool tens of billions of leveraged loans, he is a talent, but he is not a superman after all. People used to be willing to sell his accounts, but they had a thick big company behind them as a backer. Although SAL has miraculously risen, its foundation is still a little thin compared to the large companies with assets of tens of billions and hundreds of billions of dollars he used to serve.
"It's good to have a connection, you talk to them, whoever is willing to provide this bridge loan this time, and who will give SAL's IPO business in the future. The acquisition was successful, and the IPO of SAL three years later will be at least $100 billion! Duke said confidently, his expression full of domineering and heroism.
At this moment, even Liu Rucheng couldn't help but feel broken when he heard it. Cai Siqiang, Dong Feng, and Zhao Jianwu were even more enthusiastic when they heard it. Fuck it down, even if you lose this game with Duke this time, you're willing, and when young people don't go crazy, this time it's good to go crazy with Duke!
Therefore, even if Liu Rucheng opposes it, it will be difficult to speak alone.
A draft resolution was soon formed, and Zhan Shaofeng was in charge of contacting investment banks to see which investment bank was willing to provide the leveraged loan. Cai Siqiang began to find the board of directors and CEOs of the two companies and began to exchange acquisition intentions. As soon as the news came out, the industry was in an uproar, and most people in the industry felt that SAL was too self-confident.
Compared with TOMTOM, whether it is HTC or RIM, although both of them are now a little weak and gloomy, but the emaciated camel is bigger than the horse, how to say that both companies are behemoths that can be won by tens of billions or close to tens of billions of dollars. BY NO MEANS COMPARABLE TO TOMTOM, NEITHER OF THEM IS EVEN ON THE SAME ORDER OF MAGNITUDE.
"The young people of SAL can really imagine it, and they are not afraid of being broken by HTC and RIM." Some ridiculed SAL for not being able to do anything.
"Hype, it's definitely a hype, SAL only has a few dollars in his pocket, how can a company like HTC/RIM be something they can worry about. I think the acquisition is fake, and it is the real thing to win attention, after all, SAL won TOMTOM and needed publicity and promotion" Some people think they have seen through the truth of the facts.