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What big news happened in the United States in July 2009?

Facebook, Teresa Roy, Li Jiacheng, the richest man in China, and Apple are negotiating a four-party merger and acquisition case, which is undoubtedly one of them.

The first three are all giants worth tens of billions of dollars. Facebook and Li Jiacheng, the richest man in China, need no introduction. Although Teresa Roy’s worth is less than ten billion dollars, they are very close. Moreover, under his name In the investment fund, he is not the only one's money.

Among them, Apple, which seems to be the weakest, is also known by the majority of Americans because of the increasingly popular product of ins. Ins has users in 12 countries and has become a necessity in many people's lives.

Even because of ins, many Americans are used to taking a few photos before doing something, such as eating, before going to bed, or when they just woke up in the morning.

Of course, after taking a picture and saying good night, you have to remove your makeup before going to bed, and after getting up in the morning and putting on your makeup, you have to lie back under the covers and take a picture to say good morning.

Wall Street Journal headline: M\u0026A likely to exceed $1 billion.

For a "game" company that was founded only a little over two months ago, it is simply unimaginable that the first Internet product in transformation can get such a high valuation in such a short period of time.

Under the attention of the people of the whole United States, and even the attention of people in other countries, the number of registered users of ins has once again grown wildly.

Many Facebook users who have never used ins themselves chose to download ins because of these news. After they downloaded ins, they became active users of ins because of the simple photo social function of ins.

"Their registered users have exceeded 30 million."

The members of Facebook's negotiation team were not looking very good at this time, because the news was leaked, which invisibly helped increase the value of ins. And the higher the value of ins, the greater their investment in acquiring ins.

Someone suggested: "We should warn them that this approach will only make this merger fail."

Although this proposal is the idea of ​​many people in the negotiating team, they all know that they are already in a difficult situation.

More than 10 million users and more than 30 million users are completely different concepts.

At this time, even if they are unwilling to acquire ins, the value of ins will also go up. Moreover, if ins is acquired by their competitors at this time, their pressure will be even greater.

"Who leaked this news? Apple? Teresa Roy? They are the most likely because they have vested interests." Someone analyzed: "Li Jiacheng is also possible, because the greater the value of ins, he will More money needs to be put in, and the more money he puts in, the more shares we have to replace him with."

The person in charge of the team said: "It is meaningless to discuss these now. It is difficult to guarantee that the news will not be leaked in the four-party merger and acquisition case. Moreover, even if we know who leaked it, what can we do? We should acquire it. Still have to buy it.”

After some discussion, Facebook, which had always maintained a superior attitude during the negotiation process, finally let go of their arrogance and began to contact Sith and others on their own initiative, and the negotiation process sped up a lot for a while.

Sith's resentment was relieved, and Wen Ming, who got the good news, also let out a big sigh of relief.

Being able to negotiate as soon as possible means that he can get more cash, which can be invested in the production of iphone hardware.

The most critical question now is whether he wants all the cash or a part of Facebook shares.

"Why don't you want shares?"

Sith felt incredible about Wen Ming's entanglement at this time.

"Do you know how many people are waving checks to get shares in Facebook? Do you know that even if Facebook is listed now, its market value will be more than three times its current valuation? If Facebook waits Do you know how much it can be worth if it goes public after occupying more markets for two years?"

Wen Ming knows better than anyone in this world how much Facebook will be worth after it goes public. After six years, Facebook's market value will reach 480 billion US dollars, which is about 20 times its current valuation.

In other words, if Wen Ming can get Facebook shares, no matter how many shares he has, he will be able to double it by 20 times in six years.

Even, Facebook's shares will rise after six years, and at that time it is impossible to get a proportional share of Facebook, and no one is willing to give up Facebook's shares easily.

Wen Ming sighed, and said, "It is precisely because it will take two years to go on the market, so I will hesitate."

Now that the four-party merger and acquisition case has been discussed, the final result can almost be determined.

The valuation of ins is around 1 billion US dollars, and it will not change more or less. Facebook's valuation is $24 billion. Compared with the valuation of 15 billion US dollars when Microsoft and Li Jiacheng purchased Facebook shares a year ago, it has increased by nearly 10 billion US dollars.

(ps: In real history, Facebook conducted a financing in May 2009, and 2% of the shares were sold for 200 million US dollars, which was lower than the valuation when Microsoft was financing. But this is a special case, because investor Milner No preferred stock, no board seats. Note 1)

But if someone else wants to invest in Facebook at a valuation of 24 billion US dollars, it is impossible for Facebook to accept it, because they don't want to increase their shareholders.

Facebook was able to accept this offer, not only because Li Jiacheng had priority financing, but also because Facebook really needed Instagram.

Sith still couldn't understand, and said: "Facebook is expected to take out 2.4% of the shares this time, and ins will be completely owned by them. And the 2.4% of the shares will be distributed by us and the three parties. Among them, Tai Lei Sharoy doesn't want cash, that is to say, he will get 0.24% of the shares, but he is not satisfied with 0.24% of the shares, he hopes to replace as much of the 2.4% of the shares as possible with cash that belongs to us The same is true for Li Jiacheng, he also hopes to replace our shares with as much cash as possible.”

Speaking of this, Sith roared angrily: "Do you know why these two world-class rich people want to exchange cash for Facebook shares? Or, do you know why the two of them can become world-class? super rich?"

The roar from Wen Ming's office made Cage and the others outside the door even more creepy. As an employee of Apple's legal department, Cage is naturally aware of the demands of both parties during the negotiation process, and he can't understand why Wen Ming doesn't want Facebook shares.

When you don't know how to make decisions, just look at how those who are better than yourself make decisions. Whether it is Teresa Roy or Li Jiacheng, they are far stronger than Wen Ming.

Will it be a disadvantage to follow the choice of these two people?

"Isn't it good for us to eavesdrop like this?"

Cage asked in a low voice, and James next to him glanced at him and said, "It's not that you don't know about Wen Ming's situation. What I'm worried about is that the reason why Wen Ming wants cash is that he won't live long. But if Wen Ming If Ming's cancer didn't recur, wouldn't that be a big loss?"

Tomdin was a little anxious behind the two, because "Talking Tom Cat" was about to be released, and it would be too late if he didn't change his name.

"Both of you, go ahead and find out what's going on?"

Tomdin felt that he could easily fool the two college students, but Cage and Wen Ming responded with blank eyes.

In the office, Wen Ming rubbed his forehead and said, "Sis, can I be quiet for a while and think about it?"

Sith sighed and said, "Don't put too much pressure on me. You've already earned enough money. There's really no need to take such big risks."

After finishing speaking, Sith left Wen Ming's office, opened the door, and stared wide-eyed.

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ps: There are fewer new book issues, and everyone can't read enough, so I recommend two books "God-level Flowers of the Other Side":; new books by old authors, you can keep them. "High Risk Occupation": No. 1 on the new military book list.