What was the big news in the United States in July 2009?

Facebook, Teresa Roy, China's richest man Li Jiacheng, and Apple are undoubtedly one of the four-party mergers and acquisitions that are being negotiated.

The first three are all tens of billions of dollar giants, Facebook and Li Jiacheng, the richest man in China, do not need to be introduced, although Teresa Roy's worth is less than 10 billion US dollars, but it is also very close, and he is not the only one in the investment fund under his name.

Among them, Apple, which seems to be the weakest, is also well-known to the majority of Americans because of the increasingly popular product of ins, with users covering 12 countries ins, which has become a necessity in many people's lives.

Even because of ins, many Americans are used to taking a few photos before doing something, such as eating, such as before going to bed, such as when they just get up in the morning.

Of course, after taking a photo and saying good night, you have to remove your makeup to sleep, and after getting up in the morning and putting on your makeup, you have to lie back on the bed and take a photo to say good morning.

Wall Street Times headline: Likely to exceed $1 billion in acquisitions.

For a 'game' company that has only been established for more than two months, it is inconceivable that the first Internet product in the transformation can get such a high valuation in such a short period of time.

Under the attention of the people of the United States, and even the attention of people in other countries, the number of registered users of ins has once again grown wildly.

Many Facebook users who have not used ins themselves have also chosen to download ins because of these news, and when they download ins, they become active users of ins because of the simple photo social function of ins.

"They have already surpassed 30 million registered users."

Facebook's negotiation team members didn't look good at this time, because the news was leaked, which invisibly helped ins increase its own value. And the higher the value of INS, the greater their investment in acquiring INS.

"We should warn them that this will only make this merger fail," one suggested. ”

Although this proposal was the idea of many people in the negotiation team, they also knew that they were already riding a tiger.

More than 10 million users, and more than 30 million users, are two completely different concepts.

At this time, even if they are reluctant to buy INS, the value of INS will go up, and if INS is acquired by their competitors at this time, then their pressure will be even greater.

"Who the hell leaked the news? Apple? Teresa Roy? They are most likely because they have a vested interest. Someone analyzed: "It is also possible for Li Jiacheng, because the greater the value of INS, the more money he needs to invest, and as the amount of funds he invests increases, the more shares we need to replace him." ”

The leader of the team said: "There is no point in discussing these now, and it is difficult to ensure that the news of the four-party merger and acquisition case is not leaked. And, even if you know who leaked it, what can you do? It's time to buy it, and we're going to buy it. ”

After some discussion, Facebook, which had always maintained a high-minded attitude during the negotiation process, finally let go of their arrogance and began to take the initiative to contact Sith and others, and the negotiation process was much faster for a while.

The Sith's resentment was dissipated, and Wen Ming, who got the good news, also breathed a big sigh of relief.

Being able to negotiate it as soon as possible means that he can get more cash to invest in the production of iPhone hardware.

The key question now is whether he wants all the cash or a portion of Facebook.

"Why don't you want shares?"

The Sith felt incredible at Wen Ming's entanglement at this time.

"Do you know how many people are waving cheques to get a stake in Facebook right now? Did you know that even if Facebook were to go public now, its market capitalization would more than triple its current valuation? If Facebook waited two years to capture more markets before going public, do you know how much it would be worth? ”

Wen Ming knows better than anyone in the world how much Facebook will be worth after going public, and in six years, Facebook's market value will reach $480 billion, about 20 times its current valuation.

In other words, if Wen Ming can get a stake in Facebook, no matter how much, it will be able to increase 20 times in six years.

Even, Facebook's stake will rise in six years, and at that time, it is simply impossible to get a proportional stake in Facebook, and no one will be willing to give up Facebook's stake easily.

Wen Ming sighed and said, "It's precisely because it needs to wait two years before it goes on the market, so I hesitate." ”

The four-party merger case has talked about the present, and the final outcome is almost certain.

The valuation of INS is around $1 billion, and it will not change more, nor will it be much less. Facebook, on the other hand, is valued at $24 billion. Compared to the $15 billion valuation of Microsoft and Li Jiacheng when they bought Facebook shares a year ago, it is about to rise by nearly $10 billion.

(PS: Historically, Facebook raised a capital round in May 2009 and sold a 2% stake for $200 million, which is lower than Microsoft's valuation at the time of the fundraising.) But this is a special case, because investor Milner doesn't want preferred stock, he doesn't want board seats. Note 1)

But if someone else wants to invest in Facebook at a valuation of $24 billion, Facebook simply won't accept it because they don't want to have more shareholders.

was able to get Facebook to accept this offer, not only because Li Jiacheng has priority financing rights, but also because Facebook really needs ins.

Sith still couldn't understand and said: "Facebook is expected to take out 2.4% of the shares this time, and Instagram will be completely owned by them." The 2.4% stake is distributed between us and us, among them, Teresa Roy does not want cash, that is to say, he will get 0.24% of the shares, but he is not satisfied with the 0.24% shares, he wants to replace as much of the 2.4% shares as possible with cash for the part that belongs to us. The same is true for Li Jiacheng, who also wants to exchange as much cash as possible for our shares. ”

Speaking of this, Sith yelled angrily: "Do you know why these two world-class billionaires want to exchange cash for Facebook shares? Or, do you know why the two of them were able to become world-class billionaires? ”

The roar from Wen Ming's office made Cage and the others outside the door even more tiptoe. Cage, as an employee of Apple's legal department, naturally understands the demands of both parties in the negotiation process, and he can't understand why Wenming doesn't want a stake in Facebook.

When you don't know how to make decisions, look at how those who are better than you make decisions. Whether it is Teresa Roy or Li Jiacheng, they are far stronger than Wen Ming.

Will you suffer if you follow the choice of these two people?

"Isn't it good for us to eavesdrop like this?"

Cage asked in a low voice, and James next to him glanced at him and said, "It's not that you don't know Wen Ming's situation, what I'm worried about is that Wen Ming wants cash because I'm afraid that I won't live long." But if Wen Ming's cancer doesn't recur, wouldn't it be a big loss? ”

Thomding was a little anxious behind the two of them, because "Talking Tom" was about to be released, and it would be too late for him to change his name.

"You two, go first to probe the wind?"

Thomding felt that he was fooling these two college students, and he was definitely able to catch it, but it was Cage and Wen Ming's eyes that responded to him.

In the office, Wen Ming rubbed his forehead and said, "Sith, can I be quiet for a while and think about it?" ”

Sith sighed and said, "You don't have to put too much pressure, you've earned enough money, there's really no need to take that big of a risk." ”

With that, Sith left Wen Ming's office, and as soon as he opened the door, he stared wide-eyed.

……

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ps: There are fewer new book periods, and everyone doesn't have enough to read, so I recommend two books "God-level Flowers":; New books by old authors, can be raised. "High-Risk Occupations": No. 1 on the list of new military books.