Chapter 334 Spending your money on my affairs
Davis glanced at Qin Shaoyan and felt confused, "John, what do you mean by that? I don't have 300 million US dollars to lend you."
"But Microsoft does." Qin Shaoyan said with a smile, "You are from Microsoft's investment department. You can still do a temporary loan of 300 million US dollars, using YouTube shares as collateral."
" It's no problem to borrow $300 million." Davis frowned, "But why are you doing this? You can definitely raise funds."
"Financing is not possible. There are too many procedures and the review process is too long. ." Qin Shaoyan spread his hands, "This matter must be resolved quickly to avoid long nights and endless dreams."
"Then what are you going to do to repay the US$300 million?" Davis asked curiously, "Isn't it because you don't plan to repay it?"
"How is that possible? I am a person with great business reputation. "Qin Shaoyan said seriously, "After the acquisition is completed, I will sell YouTube to Microsoft so that I can return the money to Microsoft."
"..."
Davis was stunned. He paused, a little confused, and then began to figure out the logic here.
YouTube borrowed money from Microsoft to acquire Yiku.com, and then sold YouTube to Microsoft.
Finally, take the money Microsoft bought YouTube and give it back to Microsoft.
So what does this mean?
Davis said doubtfully: "John, what are you doing?"
"Of course I am fulfilling my promise." Qin Shaoyan smiled slightly, "We agreed at the beginning , YouTube’s acquisition of a Chinese video website will help it enter the Chinese market and help increase its valuation.”
“I also promised Mr. Bill Gates that I would give priority to selling YouTube to Microsoft.”
"Look, what a perfect deal."
Perfect you damn thing!
The more Davis thought about it, the more wrong he became, "John, what nonsense are you talking about?!"
"Why did I start Yiku.com in the first place? Wasn't it because of the 300 million US dollars to buy Kuaiyu.com?" "Is Bo.com too expensive?" Davis said angrily, "Now I have to spend 300 million US dollars to buy a Yiku.com that is not as good as Kuaibo.com?" "Qin Shaoyan spread his hands and said, "If you had been more decisive at that time, you might have won Qvod. Now Qvod's valuation is at least 600 to 800 million US dollars."
"If you calculate it this way, you got a big advantage when you bought Yiku.com."
Davis laughed angrily, "Why can't I see where I got the advantage?"
> "The value of Yiku.com is now more than 300 million U.S. dollars." Qin Shaoyan vowed, "Based on the valuation of Kuaibo.com at 800 million U.S. dollars, Yiku.com is calculated based on 60% of the valuation of Kuaibo.com, which is 4.8 ”
“In this way, a US$300 million acquisition can save US$1.8 billion.”
“The most important point is that Microsoft owns one-third of Yiku.com. One share, that is to say, you only need a mere US$200 million to acquire Yiku.com, which is valued at US$480 million.”
"Rounding up, you have saved 300 million U.S. dollars, which is equivalent to no money."
Davis looked at Qin Shaoyan with wide eyes for a while, and asked tentatively: "John, are you kidding me? Right? I admit, this joke is funny. Can we talk about business?"
Qin Shaoyan said with a serious face: "I am very serious about talking to you about something important. Business acquisition. "
"YouTube plans to sell it to Microsoft for $2.3 billion. I have discussed it with other shareholders, and then I will discuss it with Mr. Bill Gates. "
“I think he won’t refuse this price.”
Davis frowned, and he also felt that Bill Gates would most likely not refuse.
We have accepted the price of US$2 billion, and an additional US$300 million is nothing.
So is YouTube worth $2.3 billion?
Video websites are a very hot concept now. Many people want to get involved in this field, but YouTube has achieved absolute dominance in the market.
The price of US$2.3 billion is definitely a premium, but the premium will not be too much. If you add a video website that ranks second in the Chinese market, it will be even more cost-effective.
The good news after Microsoft's acquisition also has a great stimulating effect on the stock price, which is very beneficial to Microsoft.
What's more, it seems that Microsoft paid US$2.3 billion, but Microsoft also has shares in YouTube and Yiku.com, which are the performance of the investment department, and the rate of return is considerable.
If it succeeds, Davis will even meet next year's KPI ahead of schedule.
Seeing that Davis was silent, Qin Shaoyan immediately came up with another piece of news.
"Davis, there is a very personal matter that I want to inform you in advance." Qin Shaoyan pondered for a moment, "It is related to this acquisition."
"What's going on?" Davis asked absentmindedly.
"Mr. Chen Guangxia, CEO of Yiku.com, wanted to retire early due to physical reasons. Starting a business brought him great mental pressure." Qin Shaoyan sighed, "And long hours of super-intensive labor It also affected his health and he decided to quit early. "Just quit." Davis felt strange why he had to tell him this.
After a moment, Davis trembled all over, sat upright suddenly, and stared at Qin Shaoyan, "John, you just said to quit early? What is this? What does it mean?"
"It means literally." Qin Shaoyan said with a smile, "He wants to leave Yiku.com as soon as possible. He is not interested in the acquisition."
Davis's eyes widened, and he asked excitedly: "Is he going to sell his shares in advance?"
"If the price is right." Qin Shaoyan nodded with a smile.
Davis continued to ask: "Who knows about this?"
"He and me." Qin Shaoyan pointed at Davis again, "And now you. ”
“Only three people? ”
Qin Shaoyan shrugged his shoulders, "That's it so far, it's hard to say after that."
Davis stood up from the sofa, paced back and forth in the office, lost in thought.
Qin Shaoyan remained silent, quietly watching Davis' fierce ideological struggle.
After more than ten minutes, Davis stopped and stared at Qin Shaoyan with red eyes, "John, we are friends."
"Of course." Qin Shaoyan nodded seriously. said, "A very good friend."
"You have to help me." Davis gritted his teeth and said, "I have a friend. I think he would be interested in what Mr. Chen has and help me get it."
"You have No matter what the conditions are, just ask."
"We are friends and we should help each other." Qin Shaoyan said with a smile, "Just think you owe me a favor."
Davis asked again. He said: "How much do you want?"
"I'm trying to successfully sell YouTube to Mr. Bill Gates and fulfill my promise." Qin Shaoyan still smiled and said, "This is a win-win situation. ”
Davis understood immediately that as long as YouTube could be sold, Yiku.com was nothing compared to the benefits Qin Shaoyan could obtain.
"How much does he want?" Davis pointed outside.
“10%.”
“Thirty million dollars?” Davis frowned.
“No.” Qin Shaoyan reminded with a smile, “There is still $100 million that belongs to Microsoft, and we have to follow the rules.”
Davis nodded and smiled, "Yes, you have to follow the rules. Twenty million dollars is a suitable price."
Then Davis was a little worried and asked again: "Can Mr. Chen Do you accept it?"
"I am friends with him, I will talk to him," Qin Shaoyan said confidently, "I am confident to convince him."
"That's right. There is one thing."
"Please tell me." Davis looked at Qin Shaoyan curiously.
"There is actually a problem with Yiku.com's data. If it is audited and verified in the future..." Qin Shaoyan expressed a little concern.
"It doesn't matter, the people from Yiku.com will take care of it." Davis laughed and said nonchalantly, "They are all my people, it's just a small matter."
Qin Shaoyan nodded, "If something goes wrong, do some people need to take the initiative to take responsibility?"
"That's natural." Davis nodded.
"I think that Fan...Fan Wencheng is quite suitable." Qin Shaoyan said with a smile.
"OK." Davis made a very casual gesture.
Qin Shaoyan stood up and stretched out his hand, "Then I wish us a happy cooperation?"
Davis also held Qin Shaoyan's hand tightly, "John, my friend, I wish us a happy cooperation." "Happy!"
"Happy cooperation." Qin Shaoyan smiled innocently, "We are friends."
(End of this chapter)