Chapter 929 (1/2)
plain.
Hang up Chen Lang's phone, the opposite Sun Tao can't wait to say: ”agreed?”
Li Dong, laughing, waved to clear the residual smoke, shook his head and said, ”how can it be so fast? Besides, Luo Guowei is only the president of the region, not the chairman of Carrefour.
Carrefour will not compromise because of our threats. ”
”Well...”
Naturally, Sun Tao knew Carrefour would not compromise easily, but he still had some expectations.
If Carrefour directly admit defeat, they will save a lot of trouble and a lot of time and money.
Now listening to Li Dong say so, Sun Tao can't help being a little disappointed.
Disappointed to disappointment, Sun Tao soon stopped thinking about these things and said, ”Mr. Li, how to talk about microblog next? Do you have any opinions?”
”Talk to Sequoia and IDG.” Li Dong whispered.
Sun Tao hesitated for a moment, or said, ”where is the CDB?”
The price offered by CDB is not low, or not much less than those two.
However, Li Dong only appointed two families, which obviously excluded CDB.
Sun Tao understands Li Dong's choice, but he has to ask for peace of mind.
Li Dong said with a smile: ”from the emotional point of view, it seems that the selection of CDB is more appropriate. But capital doesn't talk about feelings. If you want to finance and develop, you have to put aside personal feelings.
Although China Development Bank gives a lot of money, they do not have much experience in IPO and capital operation of Internet enterprises.
Microblog, if listed in the future, going to NASDAQ is the first choice.
If you want to make money in America, we can't do it by ourselves, because America doesn't know us.
Sequoia and IDG have experience in this, and they can give us $100 million to run things.
These two families have the strength, experience and level.
CDB can't do it here. Of course, if we choose to go to Hong Kong for listing, CDB can make do with it. ”
After that, Li Dong said again: ”besides, just starting financing now does not mean that there will be no financing in the future. Before listing, we will certainly carry out several rounds of financing. I didn't choose CDB this time. If the other party is still interested, it's not impossible to enter
It is indisputable that what Li Dong said about Sun Tao, and it is true.
In the current Internet industry, foreign investment is the mainstream, and local wind investment is just a small game.
It's not that the investment institutions here don't have money. Even if they have money, the general Internet companies are not willing to choose them.
For example, if Sequoia and China Development Bank finance an Internet enterprise at the same time, both sides will pay 10 million yuan.
If Sequoia can get 20% of the shares, CDB may only get 15% or even lower.
Money is the same money, Sequoia also did not give other technical support, but is more popular and favored than CDB.
It is not that enterprises exclude state-owned assets, but in the operation of capital, the power of state-owned assets is indeed not strong.
As Li Dong said, a $1 million enterprise, relying on its own operation and publicity, is still $1 million.
In the hands of CDB, he may give you two million or three million dollars.
But in the hands of Sequoia, 10 million dollars is not uncommon, any more can be accepted.
In this circle, the competition is to be able to blow.
Whoever can blow better will have the advantage.
Of course, it's not just bluffing. People have to believe that Sequoia has the strength to make people believe that CDB may be able to do so at home, but I'm afraid no one will pay attention to it when they go abroad.
Sun Tao took a breath slightly, nodded his head and said, ”OK, we'll delineate the two families. Weigang and Baidu... ”
”Baidu's conditions can be agreed, 30 million US dollars, 5% of the shares, although it seems that we lost a lot, but Baidu's technology and talents are urgently needed.
Let's spend more money to buy their technology and talents.
In the case of Victoria Harbour... ”
Speaking of Weigang, Li Dong frowned slightly and thought for a moment: ”if it's more than 5%, 10 million US dollars means that we should give them 1% of the shares.”
Weigang is ready to invest 50 million US dollars and hold 5% shares of Weibo.
In other words, the total value of microblogging is still one billion dollars.
This price is not unacceptable. Li Dong borrowed their name a few days ago to publicize it, creating a sense of crisis for other investment institutions.
The name of keweigang is not worth so much money. In Li Dong's opinion, 10 million US dollars has already entered the market.
No matter how much, it's a bit out of line.
Sun Tao said with a bitter smile: ”1% of them do not necessarily want to.”
”Then just get out of the game. I've got the result I want.”
Li Dong said casually that it was human kindness to give them a chance to enter the stadium, so what if they didn't read human feelings and didn't give them.As for the publicity of their names, they should be prepared before they submit the letter of intent.
The shopping mall is so realistic. Although Li Dong and the other student met once, they may still be counted as the students of each other. After all, Changjiang business school is under that school.
But Li Donggang just said that capital doesn't talk about feelings, let alone any feelings.
There are more people studying in Changjiang business college, such as Ma Yun, Jiang nanchun, Feng Lun This large number of people have been students in Changjiang business school.
However, we have also paid high tuition fees. What you like and what I want is not the Whampoa school in those years. When we meet, we still have to call out the headmaster with reverence.
Instead of saying more about this, Li Dong continued: ”this time, we will sell 20% of the shares of Weibo. Excluding Baidu, we will not count Weigang. The remaining 15% will need to raise at least $200 million.
In my opinion, the difficulty is not big. After all, the valuation is only about $1.3 billion.
Weibo is worth this price. Even if it is not worth it now, it will certainly exceed it for half a year at most.
According to this standard, I don't think they will be entangled for a long time. However, the key point is that the money should be borrowed to me for a period of time.
Financing 200 million U.S. dollars, plus Baidu's 30 million US dollars, converted into more than 1.6 billion yuan.
Weibo will not spend too much money in a short time. It is more than 600 million yuan a year, and 600 million yuan is enough to open the international market.
I want to borrow the remaining 1 billion and return it in a year. ”
Sun Tao is not surprised at this point. In fact, he has been laying the groundwork for this for a long time, and even the major investment banks know it well.
As Li Dong said, if 1.6 billion yuan is invested in micro blog, micro blog can't be spent at all. Can we keep the money to increase interest?
If we borrow one billion yuan first, it is still very likely that Sequoia or IDG will agree.
Of course, things are not so easy to say, the general financing money will not be a one-time account, are transferred by instalments.
Now, Li Dong's request is obviously one-time payment.
Next, Sun Tao estimated that the focus of the negotiation should be whether Li Dong borrowed the money, whether it was included in the investment.
For example, the current micro blog spent 600 million, which may become 1 billion in a year. When Li Dong borrows the 1 billion, will it be returned according to 1 billion or 1.66 billion according to the floating proportion.