Chapter 145
It cost $350 million to take a stake in Facebook, and the cost of buying Twitter will only be higher.
$1,835.6 million, sounds like it won't be spent in a lifetime.
But when it's really time to use it, Li Zhenyu only hates the lack of a zero before the decimal point.
"At the moment, the highest offer Twitter received is 230 million."
"Without a higher offer, is Facebook doing anything?"
"No, Microsoft is interested in approaching, but the price that can be given is not satisfactory."
"Claire, how much do you think we should pay?"
Li Zhenyu has a rough number in his heart, but he still wants to hear what others think.
Claire cheered up, she thought that the offer of 380 million ~ 400 million was the most appropriate.
But when I think of my offer to Facebook, the difference between it and the actual amount is huge......
Claire bent down in disinterest, "4...... How about 500 million?"
She judged that the offer for Facebook would not exceed $20 million.
The truth is, $20 million is just the beginning.
The big horn was quoted at 140 million, which was exactly 20 million higher, and it was also the first to be eliminated.
If he had done what he said, he wouldn't have been in the mood to sip champagne and cigars and fly to San Francisco for his next investment.
500 million should be enough......
The rise of the IT industry has confused Claire's perception and judgment of money.
When, the unit of measurement of money is based on billions.
Is the financial crisis that is happening out there fake?
"As you said, after landing...... Handsome, you're in charge of making an offer to Twitter."
"Okay, brother." Zhao Yingjun nodded with a smile.
"Has PD Park been in contact with you, and how is the release talk?"
Negotiations with Colombia continued, and Park PD was almost immersed in the studio and refused to leave.
Several other companies, the most sincere is Paramount.
"Where's MGM?"
"They're interested, but they don't have any money."
It is difficult for a good woman to cook without rice, MGM is in debt, and she is looking for money to save her life all over the world.
Really give them "Parasite", and there is no problem with the release.
The emaciated camel is bigger than the horse, and MGM's channels and connections are still there, but don't think about publicity.
is released directly, and how much box office it can win depends on the quality of the film itself.
An overseas film from South Korea without any publicity......
Li Zhenyu dispelled his thoughts and thought instead, "Can you take the opportunity to win the right to operate MGM?"
Providence Equity Partnership holds 29%; Texas Pacific Capital Fund holds 21%; Sony USA holds 20%; Comcast holds 20% of the shares; DLJ Commodity Bank Partners holds 7% of the shares; Sifang Group holds 3% of the shares.
This is MGM's current shareholding structure, with corporate debt of around $4 billion.
If Li Zhenyu is willing to reach an agreement with creditors on the grounds of "being responsible for repaying debts", the joint shareholders will carry out bankruptcy reorganization of the company.
Issuing additional equity, obtaining part of the equity and management rights, whether it can occupy the magpie's nest and become a world-class film giant through backdoor.
As soon as this thought appeared, it took deep root in his mind.
"Claire, what's your baby-faced assistant's name, I need to talk to her personally."
With such a big case handed over to a junior lawyer who has been in the industry for less than half a year, Claire once again sighed, "The world is really crazy."
But the cases she has to deal with are also worth hundreds of millions of dollars.
Even if she wanted to get out, she didn't have time, so she could only repeatedly tell her the important part, "Less debt, more equity, and outsiders must not interfere under any pretext."
Claire also knows that this request is a bit excessive, but fortunately, the boss has his own ideas.
"Time, if you can't pay off your debts within 5 years, you will return your shares and management rights, and you will automatically leave your job.
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This is the answer given by Li Zhenyu, why should the other party believe him without this.
MGM, which used its debts to become one of the eight largest in vain, only promised to turn losses into profits, without any time limit.
If he drags it out until the company's bankruptcy trusteeship, he will get a share of the pie with the equity in his hand.
The benefits are all for him, where in the world does such a good thing come from?
"Lee, congratulations on your successful investment in Facebook, it's a great investment."
When I met Ivan Williams in San Francisco, the other party was very proactive, as if he had been waiting for his arrival for a long time.
"Ivan......
"Call me William, that's what my friends call me...... We're friends, aren't we?"
Li Zhenyu smiled slightly, and caught the friendliness thrown by the other party: "Of course, William...... You know what I'm here for."
"That's right, for it." Williams pointed upwards, where Twitter's computer room was located.
Li Zhenyu nodded and said, "Tell me about your conditions!"
"430 million, all in cash."
Williams threw out the conditions, so that Li Zhenyu was on the spot.
He didn't expect things to go so smoothly, and neither did the team members who came with him.
The other party rejected the olive branch thrown by Google and Microsoft before, why has he changed his mind now?
Claire pondered, asking, "Does it have to be cash?"
"Yes, all." Williams was steady, and that was his only request.
As long as the other party is willing to pay him cash, Twitter is his.
Whether he wants to shut down, split, sell Twitter, or resell it to someone else, like Zach on Facebook.
Williams doesn't care, he only cares about the bills he can get into his pocket.
"We need to talk about it individually, okay?"
Claire winked at him, and Williams spread his hands and said, "No problem, I'll be in the office, call me anytime the discussion is over."
Leaving the conference room, Williams looked back inside, and Claire was leaning over to explain something to the man.
"Cash, he wants cash."
Having spent so much time in South Korea that she almost forgot the purchasing power of cash.
In most acquisitions and mergers and acquisitions, the proportion of cash payment is only a small part.
Then use stocks, funds, equity/industry/interest exchanges, etc., to fill the remaining shortfall.
Williams is cautious, and he knows all too well what will happen when he works with these big companies and industry giants.
Count the founders and teams who received compensation for shares in large companies and "sold" their companies to them.
In the end, he was either liquidated out, or he was squeezed out of the margins, gradually losing his former spirituality and talent, and becoming a wasted person.
The few who can get out of it all right, which one is not with a deep background.
He doesn't have such a deep background, and he doesn't want to get involved with big companies, so he will refuse the acquisition invitations of giants such as Microsoft and Google several times.
They will only confuse themselves with shares and the future, just like Google's plan, which promised to become its subsidiary, and he and the founding team could retain 25% of the shares.
With Google's endorsement and support, the company's valuation will jump several times like a step.
At that time, the stocks in their hands will be a huge fortune.
Of course, in addition to the shares, they will also receive $5 million in cash compensation.
If things were as they say, Williams would have sold the company to them long ago.
The fact is that once they give up their right to operate and daydream with stocks and money, what awaits them will be multiple financings, dilution of shares, marginalization of the team, and loss of any ability to intervene.
Finally, when the company IPO, it is either liquidated or takes a negligible stake in hand.
It's a pity to abandon it, and the food is tasteless!
Figure out the key, and there will be no more
Doubts arise about Williams' initiative.
Finally, there is a "real gold lord father" with cash in hand, if you don't hurry up the pole and make it up, do you have to wait for those big fools who can only sell their mouths?
"Boss, it's time to bargain."
Claire was full of confidence and felt that she could do it again.
Since Williams wants to get out of the game with cash, the initiative is in their hands.
When you add up the world's richest people, there are not many who can come up with hundreds of millions of dollars in cash at once.
Worth and cash have always been two different things.
After a discussion again, Zhao Yingjun walked out of the conference room and beckoned.
Williams, who had been watching them, rushed back as soon as possible.
Although he wanted to show that he didn't care, the quick little steps betrayed the true urgency in his heart.
"William, we agree to your request to pay in cash."
Hearing the good news, a smile couldn't stop growing on his face.
But in the next second, Williams's smile froze.
"After deliberation, the offer we gave was 320 million, and it was time for you to express your sincerity."
PS: I really won't give a chapter name, so let's do it first! Crying miserably~~