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Facebook in another world paid 750 million US dollars in cash and 250 million US dollars worth of Facebook stock when acquiring ins and its affiliated companies, with a total purchase price of 1 billion US dollars.

Of course, the $250 million Facebook stock has multiplied many times later, completely exceeding the total purchase price of $1 billion.

The company that developed ins had only 13 people at that time, and the company did not have any other products except ins.

"Our offer is $1.2 billion."

Teresa Roy's investment company sent their team to Boston for the purpose of negotiating with Wen Ming about the offer for ins and subsequent negotiations.

Just one team in the investment company has reached 8 people, twice the number of Apple's legal department. It is said that some members of this team are preparing other materials and conducting a new round of promotion for ins.

"At present, Facebook has not responded positively to our offer, nor has it made their offer. According to them, it is still their investigation period."

Wen Ming was a little embarrassed in the meeting room, because he is the absolute majority shareholder of ins, owning 90% of the shares, so it can be said that ins still belongs to him. But this time the M\u0026A negotiations with Facebook were not led by him.

Sith, Cage and other four people's internal positions in Apple are all in the legal department. Although they are also engaged in some business negotiation work, they are not truly professional talents after all. Therefore, after Wen Ming discussed with Teresa Roy, Teresa Roy generously sent a team of her own.

"Don't they worry that our user base has grown again during this period, and they will have to pay a higher price?"

Wen Ming asked curiously, he needs money very much now, the 100 million US dollars on Apple's account, and the 80 million US dollars that will soon be received from the sale of all the rights and interests of "Plants vs. Zombies", the sum of these two sums is just right Enough for him to pay a deposit of 1 million Iphone4 hardware.

But as the hardware began to be manufactured, he also needed to contact the foundry, and he needed to start leasing stores, decorating stores, recruiting sales staff, and so on. And none of these jobs cost money.

The most important thing is that these tasks are urgent. If you don't start now, when the foundry starts assembling the finished iphone4, he won't be able to return the funds in time, and he won't be able to prove the charm of the iphone4 to those hardware manufacturers.

Only when iphone4 is recognized by the market, can he order parts on a large scale, and no hardware manufacturer will require him to pay a 60% deposit, nor will any hardware manufacturer require him to pay in full upon delivery Balance payment.

The person in charge of Teresa Roy's team is called Jerez. After hearing Wen Ming's question, he replied: "Of course Facebook knows that the later the acquisition, the higher the price they will pay. But two reasons prevent them from One of the direct quotations is that our asking price is too high, which exceeds the value of the ins itself, and the other reason is that Facebook needs to consider how much shares they want to give up, and who should give up these shares.”

Facebook, whose valuation has already exceeded tens of billions of dollars, is undoubtedly a behemoth, and this behemoth involves too many interests. When everyone wants Facebook shares, it proves that everyone knows that Facebook must be valuable when it goes public in the future. Since everyone else knows, Facebook has no reason not to know.

Wen Ming nodded and asked, "How much is Li Jiacheng willing to contribute in this merger and acquisition?"

Jerez replied: "He hopes to get as much equity in Facebook as possible, that is, if our offer of US$1.2 billion is accepted, he is willing to pay all of it in exchange for Facebook's shares."

Sure enough, he has been the richest man in China for many years in a row,

Wealth and wealth are not negotiable.

Wen Ming asked again: "The key is, is Facebook willing to hand over so many shares to one person?"

How much equity a shareholder owns proves the strength of his voice in the board of directors and his influence on the company. And now Facebook is not a company with a market value of 487 billion US dollars in the future, and 1.2 billion US dollars can really buy a lot of shares.

Jerez replied: "In 2007, Li Jiacheng acquired a 0.8% stake in Facebook for US$120 million. Facebook's valuation at that time was US$15 billion when Microsoft bought 1.6% of Facebook shares for US$240 million. As far as we know, Li Jiacheng also got a certain amount of priority financing right at that time.”

"The so-called priority financing means that if Facebook needs financing, as long as Li Jiacheng recognizes Facebook's valuation at that time and is willing to provide the funds needed for financing, then Facebook must let Li Jiacheng complete this time. financing."

"So, we chose to cooperate with Li Jiacheng."

In another world, Li Jiacheng invested a total of 450 million U.S. dollars from 2007 to Facebook's listing, and got 3% of Facebook's shares. It's not that he doesn't want to shoot more, but that he has no chance to shoot more.

But this time, because of the sudden rise of ins, Facebook felt threatened, so they urgently wanted to acquire ins, which also gave Li Jiacheng a chance.

Wen Ming asked his last question: "So, can Facebook accept the offer of 1.2 billion US dollars?"

None of them knew that Facebook had given ins a valuation of US$750 million in internal discussions. Of course, it is very difficult for sellers and buyers to offer a price that both parties are satisfied with during the first negotiation.

Jerry said: "They will definitely not accept it, because for any company other than them, our ins is not worth 1.2 billion US dollars. At present, the true valuation of ins should be around 800 million US dollars."

"But what does it matter?"

Jeris spread his hands and said, "They need ins, they have to buy ins, and if they succeed in buying ins, then the valuation of their company will rise again. Conservatively, it can increase by at least 30% billion dollars."

If it is only to spend 1.2 billion US dollars to kill a threatening competitor, then Facebook will hesitate, but in fact, the valuation of a company is directly related to the industry owned by the company.

With one more ins, the valuation will naturally increase.

The most important thing is that in the hands of Wen Ming, it is difficult for ins to generate actual revenue, because it is very difficult for him to use ins to defeat Facebook. But if ins is in the hands of Facebook, then after the product integration, it will definitely add a very considerable number to Facebook's receivable report.

Wen Ming is like a blacksmith now, forging a peerless sword, but he doesn't know martial arts, so he can't play the true role of this peerless sword. And Facebook has become a peerless swordsman. In his hands, this sword can truly shine.

"Very well, then this matter will trouble you."

Wen Ming stopped paying attention to this matter after Jaris, Sith and others started contacting. The higher the selling price of ins, the more money Wen Ming and Teresa Roy will earn, so there is no need to worry Teresa Roy wants to sell Instagram cheap.

Of course, the main reason is that Teresa Roy and Facebook, as well as Facebook's current shareholders, do not have any interests. Therefore, Wen Ming can rest assured.

The most important thing is that he owns 90% of the shares of ins. If the price is really low, then he just doesn't sell it.

After coming out of the conference room, Wen Ming thought that Sith was still talking about the sale of "Plants vs. Zombies". He wanted to go back and ask, but then thought that Sith must be a big boss now.

With a helpless sigh, Wen Ming found the human resources department with only 5 people.

"Can you recruit some suitable people as soon as possible? Can you see how many people there are in a team?"