Chapter 222 Alliance and Rebellion
Peter Jackson, the representative of the 3i Group.
Carl Robin, a representative of Sequoia Capital.
Temasek Representative Zhou Ping.
As well as the South African MIH company representative network Dawei.
"Everyone, Hongmeng Company's plan is not difficult to guess. It just wants us to bid separately, and then they will enjoy the benefits. I think we need to communicate in advance and negotiate a bottom line.
In this way, we can Get the maximum benefit at the minimum cost"
Silva James said.
After everyone looked at each other's expressions, Carl Robin nodded in agreement.
“I agree with Mr. James. This matter is related to everyone’s interests and the outcome of this game with Hongmeng. It is necessary for everyone to stand together.”
"I agree."
Peter Jackson nodded.
Sun Zhengyi looked on with cold eyes. He was not optimistic about everyone's alliance.
Without it, there are too many people.
It’s okay for two or three people, but it’s too difficult to unify the interests of seven groups.
Hongmeng could easily find a breakthrough point in them and defeat them one by one.
However, he did not intend to confront James and others.
Anyway, he already owns 10% of Hongmeng Dongying's equity. After converting into Hongmeng International, there is still about 4% left. The meat is already in his mouth, so he is not so anxious.
Of course, this is what he is thinking now.
After some time, he will regret extremely why SoftBank owned this 4% stake in advance.
"I agree with Mr. James's opinion."
After Son Zhengyi finished speaking, Park Junxi and others also nodded.
Silva James smiled and nodded.
“Everyone, Hongmeng International’s monthly revenue in June was US$32 million. According to their development speed, a 10% increase in fortune every month is guaranteed.
In other words , Hongmeng's net revenue in 2001 should be around US$400 million.
According to the financial data they provided, it can be estimated that the net profit in 2001 was around 20%, which is US$80 million.
If it is valued at a price-to-earnings ratio of 35 times.
The market value of Hongmeng International will reach US$2.8 billion, which is too high for us.
Under the current background of Nasdaq's cold winter, such a high valuation should not occur, otherwise we will face other Internet companies that will be overwhelmed by such requirements. ”
Everyone nodded in agreement.
Once word of Hongmeng’s financing spreads, it will inevitably become big news that will cause a stir in the global Internet industry.
When seen by Internet companies that are in need of financing, they will definitely follow suit, which will greatly increase their investment costs and amplify investment risks.
“If we insist on a price-to-earnings ratio of 20 times, I’m afraid Hongmeng will not sign a contract with us.” Peter Jackson said.
“So, I think 25 times is an appropriate number, which means we have to stick to a valuation of US$2 billion.”
Silva James’ eyes turned quickly after saying this Sweeping it from everyone.
"Do you have any opinions on this?"
"No objections, our 3i Group recognizes such conditions." Peter Jackson said.
“We also agree.”
Everyone nodded.
“Since everyone has no objection, then this matter has been decided. If someone reaches an agreement with Hongmeng in private and goes against everyone’s joint decision-making, then future financing and investment activities will not be subject to Goldman Sachs’ Welcome." Silva James said.
Son was secretly disdainful.
If Goldman Sachs CEO Henry Paulson said this, he would still have some scruples.
The person in charge of the Asian department has not been able to truly enter the decision-making circle of Goldman Sachs. He is afraid of something.
We are all veterans who have been in the financial field for many years, and we did not openly refute what Silva James said.
After echoing a few words, they dispersed.
After Son Zhengyi left the hotel, he just got in the car.
The phone suddenly rang.
Picked it up and looked at it, and quickly pressed the answer button.
"Mr. Sun, I just made a reservation at the Peninsula Hotel. Do you want to have a drink together?"
"Haha, of course I want to drink your Xu Liang's wine."
"Then I'll wait for you."
"Fifteen minutes at most."
Xu Liang hung up the phone, opened the cork of the red wine, and poured it into the decanter next to him.
"Are you planning to open a breakthrough from Sun Zhengyi?" Xie Wen asked.
Xu Liang nodded and said: "This old guy has the highest status among all the representatives. He is also the CEO of SoftBank and can make the decision.
Unlike other people who have to go back and discuss with the decision-makers at their head office, talking to him is the most efficient.
The most important thing is that this old guy only has interests in his eyes and is relatively easy to convince. "
"What if he doesn't want to? "Xie Wen said.
"Then go to Wang Dawei. The MIH Group has no foundation in East Asia and is not very powerful in Europe. It cannot give us much support. The only thing they can give us is money. I believe Wang Dawei also knows this. "
As he spoke, he put the empty bottle of wine on the table, gently shook the decanter, and continued looking at the crimson liquid under the light.
"If they plan to go as far as Goldman Sachs goes, kick them out.
If they agree, give them a 4% share and add anti-dilution clauses."
The reason why he kept the MIH Group was because he wanted them to be like a catfish.
If they can’t even play this role, then why are they still there?
Xie Wen nodded and stood up.
"I'll go find him."
"Remember to notify me as soon as possible when you get the result."
"Yes." After Xie Wen left, the room became quiet.
Not long after, Lu Hui knocked on the door and walked in.
"Boss, Mr. Son Zhengyi is here."
Xu Liang nodded, stood up, straightened his clothes and walked towards the door.
Soon the bodyguard outside opened the door, and Son Zhengyi, wearing a gray suit, strode in.
“Haha, Xu Sang, we meet again.”
“Last time in Japan, I was grateful to Mr. Sun and his wife for their warm hospitality. I have always been very grateful. This time we have the opportunity to meet each other. , I will definitely treat Mr. Sun to a drink.”
"Then I won't be polite." Son Zhengyi smiled.
"Please."
"Please."
The two sat down on the chairs.
“I ordered some of their special dishes, I hope Mr. Sun likes them.”
"I have heard about the delicious food at the Peninsula Hotel for a long time when I was in Japan. Unfortunately, I was too busy with work and never tasted it. This time Xu Sang made my wish come true."
"Then we have to enjoy it today. "Fan." Xu Liang laughed.
“Of course.”
Xu Liang waved, and Lu Hui next to him poured half a glass of sobered red wine for the two of them.
"Mr. Sun, come and have a drink for our reunion after a long separation."
"Do it."
After raising the glasses and clinking them from a distance, Xu Liang put them to his lips and took a sip.
Subconsciously, he looked towards the opposite side, and it happened that Masayoshi Son also looked over.
The two men's eyes met.
Both the bastard and the mung bean have ulterior motives.
Xu Liang put down his glass and said with a smile: "Mr. Sun, what do you think about our Hongmeng's financing conditions?"
Sun Zhengyi also put down his glass, and his mind changed.
“Everyone thinks it’s a bit expensive.”
He wisely left himself a way out.
"Mr. Sun has always been known for his boldness in the investment community. Why has he become cautious this time?" Xu Liang said with a smile.
"You can't be careful. After the Nasdaq crisis, I believe Xu Sang has seen with his own eyes how miserable the global Internet companies and venture capital industry have been.
Especially for SoftBank, whose market value of nearly 100 billion US dollars is now only There is less than 20 billion left, and the board of directors is firmly opposed to my investment in the Internet.
So, I took a big risk this time in Hongmeng, and it is difficult to overestimate Hongmeng.” Son Zhengyi smiled.
“So, Mr. Sun plans to stand with James and the others?”
While Sun Zhengyi’s mind was running at high speed, he stared at the man opposite him, trying to peep from his face. Some clues will help you make the best choice for yourself.
But no matter how he looked at it, the other person still looked the same as he had met many times before, without any flaws at all.
At such a young age, he behaves like an old man, which is simply unbelievable.
Taking a breath and suppressing a trace of depression in his heart, Son Zhengyi said slowly: "Unless Xu Sang allows SoftBank to obtain the qualification to invest in Hongmeng China, or this financing is led by SoftBank, otherwise I It is difficult to convince the board of directors to give your company an excessive valuation."
"Is this Mr. Sun's final answer?"
"Yes."
"I understand."
Xu Liang picked up the chopsticks, "I'm a little hungry, how about we eat first?"
Sun Zhengyi frowned slightly and looked at the opposite face with a smile on his face. The smiling man was a bit unclear about his identity. But now he has said everything he needs to say, and his attitude has been given to the other party, so there is nothing left to say.
Picked up the chopsticks and started eating too.
However, the originally delicious food became tasteless in his mouth.
After the meal was over, Xu Liang didn't mention financing again.
Wiping his mouth, Xu Liang stood up.
“I am very happy to have dinner with Mr. Sun. I hope that we can continue to sit together after a while.”
Sun Zhengyi also stood up, “Xu Sang, our SoftBank vs. Hongmeng Your investment is very sincere..."
Xu Liang interrupted: "Mr. Sun, I have seen your sincerity, I will consider it seriously."
Son Zhengyi opened his mouth, but didn't know what to say.
"Mr. Sun, please." Lu Hui said.
After Sun Zhengyi nodded to Xu Liang, he was sent out by Lu Hui.
Watching him leave, Xu Liang frowned slightly.
“What a pity.”
This was originally the goal that he felt most certain about, but he never thought that he would reject it?
And Son Zhengyi’s refusal deprived him of the best tool to fish in troubled waters.
“Now it depends on the MIH Group’s choice.” Xu Liang said.
Time passed little by little. About half an hour later, Xie Wen came back in a hurry.
Looking at the smile on his face, Xu Liang's heart suddenly dropped.
"Mr. Xu, Wang Dawei has agreed to our financing conditions."
Xu Liang looked excited.
“The breakthrough finally appeared.”
Xie Wen was also very happy. Winning a big net meant that there was a loophole in the alliance organized by Goldman Sachs.
If there is one, there are two.
"You will continue to contact the other companies tomorrow to find out their attitudes."
"Understood."
Xie Wen felt excited.
(End of this chapter)