Chapter 265 Objection
“Money Ability Co., Ltd.?”
Davis was stunned for a moment. He did not remember that this company was included in the information he had read, so he turned to look at his assistant .
His assistant is also desperately searching for information about Qvod.com. The information provided by Qvod.com is from years ago. It would be damned to have this part of the information.
Seeing that the assistant had gained nothing, Davis looked at David Banks again.
David Banks also looked confused, and he didn't even know what was going on.
The YouTube team also looked at each other, discussing and asking each other.
For a while, there were noisy sounds in the conference room, and the sound of paper being turned.
Qin Shaoyan said impatiently, "Everyone, what do you think of this proposal?"
"If you have no objection, then start the discussion based on this price."
< br>
Davis immediately said: "We are against it!"
He was very annoyed. Unexpected changes suddenly occurred on Qvod.com, which caught him off guard.
The most irritating thing is Qin Shaoyan. As a shareholder of YouTube and Qvod.com, he has no secrets about these two websites.
YouTube is one-way and transparent to Qin Shaoyan, but Davis and the others have limited understanding of Qvod.com.
Qin Shaoyan revealed the reserve price of US$240 million as soon as he came up.
Although everyone had negotiated the price privately before, Davis was still a little unwilling to give up and was wondering if he could bargain.
If it succeeds, even if it costs 10 million US dollars, it will be good.
Now that it’s fine, the other party is starting to talk about the previous $360 million again.
Shareholder representatives on YouTube have begun to question David Banks, where did the $360 million come from?
David Banks was helpless and repeatedly gestured to Davis.
Davis felt miserable because this 360 million person still had something to do with him.
When Qin Shaoyan proposed that YouTube acquire Kuaibo.com, he didn’t take it seriously at all because YouTube didn’t have that much money to make the acquisition.
Later he felt that this was a good opportunity for speculation. Even if he could not acquire it, it would help increase YouTube's valuation.
So Davis and David Banks hinted that it doesn't matter if the acquisition price can be higher.
But no one expected that after all the twists and turns, YouTube would really acquire Qvod.com.
YouTube was silent, and Xiong Xiaoge, who was sitting on Qvod.com, suddenly spoke up.
"Yes, last time we said 360 million, why did you change your mind this time?"
As soon as Xiong Xiaoge spoke, Qin Shaoyan was a little surprised. You didn't speak just now. , now I get excited when the price increase is mentioned.
Zheng Nan from Sequoia was stunned at first, and then immediately shouted: "Yes, I was there at the time, and it was indeed 360 million. Why do you have to talk about business credibility? "
Xu Xin opened her mouth, but she didn't have the nerve to join in the booing, so she just nodded in agreement.
For a time, the shareholders of Qvod.com began to make noises.
What is "Business reputation is greater than the sky!"
"There must be a spirit of contract!"
"Oral promises are also promises!"
This group of people originally He came just to stir up negotiations, so he couldn't let go of the opportunity.
What if, what if YouTube really relaxes.
The valuation of Qvod.com has gone up directly.
The first time Yan Yan of SoftBank saw this kind of formation, he was dumbfounded, and then he also joined the crowd of boos.
Davis's face turned dark as he looked directly at Qin Shaoyan, "Mr. Qin, this is different from what we agreed. Do you still have credibility?"
Qin Shaoyan was satisfied. With a shocked face, he asked: "What does this have to do with me?"
"Shareholders of Qvod.com have the right to raise questions. They have their freedom of speech. You can't ban them from speaking, right?"
"Taking a step back, my shareholders didn't say anything wrong. ?"
"Mr. Qin," Davis said with suppressed anger, "You and I both know that the price of 360 million is impossible, why bother to discuss it?"
"Davis, if we follow our previous agreement, it will be US$240 million." Qin Shaoyan said confidently, "But you regretted it in person today, and I didn't say anything?"
"My shareholders just expressed reasonable opinions, why should Mr. Davis be so excited."
"The shopping mall is like a battlefield, don't bring personal emotions into work."
"..." Davis was speechless. These words were so familiar.
This seems to be my word.
Qin Shaoyan said slowly: "Since we have an agreement in advance, then we must abide by the agreement and negotiate for US$240 million."
Davis fell silent, beside him CEO David Banks is also very melancholy. If you, the shareholders, have direct dialogue, what do you need me as a CEO to do?
The price has been set, what else is there to discuss? Jump to the next link.
The rest is to confirm the details and there is still a lot to talk about, such as auditing and checking risks.
Investigation and research on aspects including production and operation, finance, taxation, guarantees, litigation, etc.
Discuss payment methods, cash, liabilities, assets, equity, etc.
Prepare legal documents and determine personnel arrangements for corporate management after the acquisition.
Solutions for original employees and other related issues, until equity transfer and payment payment.
Davis did not give up, "John, the price of $240 million is a bit inappropriate."
"Set aside some funds for YouTube. You are also a shareholder of YouTube. Even if it’s two to thirty million dollars less, that’s fine.”
“There is a saying in China that the palms of your hands are full of meat. If you make concessions in terms of price, YouTube will compensate you in other aspects.”
Oh, you have studied Chinese culture very deeply.
Qin Shaoyan had no intention of talking to him about the palms and backs of his hands. He wished he could sell YouTube as soon as possible.
Now Kuaibo.com is your biological son!
Qin Shaoyan sighed, "I'm sorry, I have to be responsible for the other shareholders of Qvod.com."
Davis struggled for a moment, "Really can't downgrade?"
< br>"No." Qin Shaoyan said firmly, "Just follow our agreement."
Davis frowned and nodded slowly, "In that case, our next negotiations..."
At this time, Xiong Xiaoge interrupted Davis again, "Wait a minute Wait!”
Everyone’s eyes were focused on Xiong Xiaoge, but Mr. Xiong was calm and unfazed, and said loudly: “If the acquisition cannot be made at the price of 360 million, then I object. Acquisition plan!"
Now Davis was stunned. He said angrily: "Mr. Xiong Xiaoge, your IDG only holds 5% of the shares in Qvod. What's the point of objecting?" "It's 10%? "Xiong Xiaoge corrected, "It's useless for me to object alone. Then ask the other shareholders of Qvod.com what they think?"
Sequoia's Zheng Nan immediately followed, "We at China Sequoia are also opposed! We have 10% of the shares."
Xu Xin also echoed, "Our capital today is also opposed, with 8%."
Yan Yan said slowly: "SoftBank is against it, 12%."
Davis looked at these people with astonishment and said angrily: "You are all against it? Do you have enough votes? ? ”
At this time, the representative of Chao Nengli Co., Ltd. also stood up, “We, Chao Nengli Co., Ltd. oppose the acquisition plan, we have 25.6%”
Xiong Xiaoge said seriously: "Mr. Davis Hansen, our combined equity is 65.6%, can we object?"
Davis looked at Qin Shaoyan in confusion, a little unbelievable, " What’s going on?”
Qin Shaoyan spread his hands and said with an innocent face: “I don’t know.”
…
The acquisition can’t be negotiated. Had to cancel again half an hour later.
The reporters guarding the door were surprised to find that every member of the YouTube team had serious faces and hurriedly walked out of the hotel.
Different from being high-spirited before going in, when they came out everyone was sullen and silent into the reporter's microphone.
Reporters who are good at observing people immediately became excited. There was something wrong with the negotiations. There was big news!
"Excuse me, Mr. David Banks, why did the negotiation end in less than half an hour?"
"Excuse me, the representative of YouTube, is this an intermission?"
"May I ask a representative of YouTube whether the acquisition negotiations are going well?"
"May I ask Mr. David Banks, what do you think of this acquisition?"
How can they bother to talk to you at this time? The reporter talked about his feelings, then silently squeezed into the car under the escort of security guards and drove away.
The reporters immediately began to write articles and headlines on the spot, extremely excited to imagine what happened at the negotiation venue.
“Shocked, the YouTube negotiation team left without saying a word, fearing that the acquisition would be blocked.”
"It's settled! The fastest business negotiation in history, an agreement was reached in just half an hour!"
"Because of this incident, the American team looked unhappy. When will the Chinese people respect the rules of business negotiation."
< br>Just when the reporters started to use their imagination, Edward stood up and said, "Everyone, be quiet. On behalf of one of the YouTube shareholder representatives, I would like to pay my regards to all the journalist friends."
"Please wait a moment. Don’t be impatient, we will hold a press conference later, invite everyone to attend, and disclose some inside information.”
The reporters were as excited as chicken blood. At the press conference, you can receive gifts and also give out some inside information. There is a carriage fee.
Of course, some reporters would not forget their job and immediately put the microphone in front of Edward and asked directly: "Mr. Edward Damon, how is the progress of this acquisition negotiation?"
"Why? Did the meeting end after half an hour? Did the two sides have any major disagreements, or was there something unpleasant? "
"Can you tell us?"
Edward looked at it with a smile. The reporter said with a relaxed expression: "This negotiation was conducted in a cordial and friendly atmosphere, and nothing unpleasant happened."
"Both of us respect each other and appreciate each other's professionalism in business negotiations. ”
"There was a frank exchange of views during the talks, the two sides fully exchanged views and reached consensus in some aspects."
"The negotiations went relatively smoothly, but the two sides still had differences on some details."< br>
The reporter continued to ask relentlessly: "What is the disagreement and what impact will it have on the negotiation?"
"Business negotiation is a serious and professional negotiation, and both parties have many details to communicate. ." Edward smiled and told the reporter, "For example, the payment methods for the acquisition include cash, stocks, bonds, real estate, as well as auditing and legal terms that need to be confirmed."
"Business negotiation cannot be completed in one or two meetings. It is a long and rigorous process. Just a payment method may take a long time."
"Take real estate as an example, it also involves asset appraisal."
Edward explained the situation eloquently and told reporters a lot of useful information.
For the afternoon press conference, the hotel prepared sumptuous dishes and drinks in the restaurant.
In the cheerful and friendly atmosphere of the dinner, Edward told reporters about the popularity of the concept of video websites and the interesting things that happened when Yahoo and Google acquired YouTube.
Edward is very talented in telling stories. A business acquisition case is full of ups and downs and full of fun.
With a little bit of interpretation and some rumors, everyone was mesmerized.
Soon, the reporters imagined a drama of intrigue, intrigue, espionage, intrigue, and manipulation in the shopping mall.
Especially Qin Shaoyan, a shareholder of Qvod.com, could write a special report by staying at Bill Gates' mansion.
In this era, Bill Gates’ aura as the world’s richest man is extremely dazzling, and he is a person who is looked up to.
Especially in China, the name of the richest man can be said to be a household name.
In a random interview on the street, if you ask who are the other rich people on the rich list, few people can answer it. If you ask who the richest man in the world is, there is almost only one answer.
Coupled with the perennial praise of "Reader" and "Yilin", in the eyes of some groups, Bill Gates has the same status as a contemporary saint. As long as he is associated with this person, his worth will immediately double.
After eating and drinking, the invited reporters not only took away their stories, but also left with thick envelopes satisfied.
After returning home, the reporters worked overtime all night long and wrote powerful articles one after another. They then quickly reviewed, proofread, typed and printed the articles.
The next day, the people became excited when they saw the newspaper article.
Good guy, this website called YouTube has such a story.
How long has it been since the concept of video websites became popular? Yahoo and Google have successively competed for it, and a fierce business war has broken out.
The article not only describes the details of the business war in great detail, but the writing and storytelling are also first-class, coupled with the reporters’ imagination and interpretation, and some artistic processing.
The business cases surrounding YouTube are written like a spy novel, making readers feel extremely satisfied.
Yahoo and Google not only made generous bids, but also accused each other, but in the end they were blocked by Microsoft.
Readers can't help but wonder, is this video website really so valuable?
Is it worth a fight between Yahoo, Google and Microsoft?
Ordinary people just watch the fun, but insiders see the secret.
The recent rumors about YouTube are easy to verify. There is also a lot of news coming out in the United States, which is even more outrageous than what is reported in China.
This incident has made everyone on the American Internet aware of it.
China Internet realized this in hindsight, and after some searching, was surprised to find that the story behind YouTube was even more exciting than what the newspapers told.
Then everyone is paying attention to YouTube’s acquisition of Qvod.com.
The venture capital circle is more attentive than the Internet, and they quickly communicate in private.
As venture capitalists who invested in Qvod.com, Xiong Xiaoge, Zheng Nan, Xu Xin, and even SoftBank’s Yan Yan were constantly harassed.
Venture capitals are asking, what happened to the acquisition negotiations?
How much is YouTube willing to pay for it?
(End of this chapter)