America's Road to Fame

Chapter 264 Acquisition of PayPal
The purchase of Palu Island must not be in the name of the Meta Group. It is a very sensitive matter for such a group company to purchase an island, especially when the main business of the Meta Group is in the United States.

Therefore, Chen William directly set up an overseas offshore account, loaned out 10 billion US dollars from Future Bank, and mortgaged some of his personally held shares to lend 50 billion US dollars, and transferred the total of 60 billion US dollars The funds were transferred to offshore accounts, and in the London foreign exchange market, they began to use leverage to short the euro.

After making these arrangements, William Chen took Ivanta to Silicon Valley.

After returning to the United States, Ivanta mainly used the phone to remotely control the affairs of the Huaguo joint venture company. Fortunately, there are no new projects now, and the main thing is to complete the previous projects.

What she is most concerned about now is the acquisition of the main building of China World Trade Center Phase III. Before Ivanta returned to China, she had already negotiated the price with the other party.

The total cost of the main building of China World Trade Center Phase III is about US$8 million, and Tru-Chen Business Management will purchase the skyscraper for US$10 billion.

Afterwards, the main building of China World Trade Center Phase III will be renamed Tru-Chen Tianchao Building.At the same time, Yanjing also granted them a piece of land for the construction of a new building.

Currently, apart from handling some company affairs in the morning and evening, Ivanta spends most of her time preparing for their wedding.

For William Chen and Ivanta's wedding, the top wedding planning company in the United States was invited. However, out of importance, Ivanta will still participate in the full name and give opinions on every detail and process.

Just like this time when William Chen came to Silicon Valley, she still had a wedding planning team by her side, constantly confirming every detail with her.

More importantly, as William Chen and Ivanta showed more time in public together during this period, the scandal about the two became heated again. However, unlike the previous ambiguous answer to the relationship between the two, Chen Both William and Ivanta graciously acknowledged the inquiry, which surprised the reporters and the melon-eaters alike. Their news almost became the hottest news in the United States.

It's just that the wedding of the two is still kept secret. According to the plan, their wedding will not be held publicly. Instead, they will choose an island and only invite relatives and friends to participate, and it will not be made public to the public.

So despite leaks and reports from journalists, William Chan and Ivanta seem to be preparing for the wedding.But most people still say it's impossible.After all, William Chen is too young now, he is less than 22 years old, married at this age, and he is still such a well-known rich man, which completely surpasses the imagination of ordinary people.

When he came to Silicon Valley this time, William Chen mainly dealt with the acquisition of PayPal.But before that, he went to Twitter and talked with the company's CEO, Sundar Pichai.

After two months in office, Sundar Pichai's performance is very impressive. Under his transformation, the Twitter APP has been more appreciated by users, and the growth rate of users has increased significantly.

Therefore, after Chen William talked with him, he appointed Sundar Pichai as the CEO of Meta Technology, responsible for integrating the company's business, especially HOLA's small program platform, which is the future strategy of Meta Technology. very important step.

Until Twitter finds a suitable new CEO candidate, Sundar Pichai will still serve as the CEO of Twitter as a transition.

……

In the end, eBay agreed to sell PayPal for $95 billion. This is also due to the fact that the Meta Group made a cash purchase this time, otherwise they would still insist on the price, because eBay is currently short of cash, and Amazon is now more and more advantageous to them. The more obvious, eBay has also designated a series of acquisitions, wanting to expand its share in the e-commerce field.

At the same time, the payment agreement between PayPal and eBay will continue until the end of next year. During this time, PayPal is still the only payment method for eBay, but after this time, eBay's agreement expires, so the best result for PayPal is It is impossible to continue to have an exclusive advantage by keeping yourself as one of eBay's payment methods.

However, this does not mean that PayPal's market share will be reduced, because with the acquisition of the Meta Group, PayPal will become the payment method for all software under the Meta Group, and William Chen plans to integrate PayPal into HOLA and start to try Make mobile scan code payment.

Of course, all these need to wait for the QR code project of the Meta R&D Center to have a complete plan.

After the Meta Group acquired PayPal, the Zong and Venmo projects they previously acquired will be merged into PayPal. On the basis of Zong's original team, staff will be added to become PayPal's mobile payment project; and Venmo will also serve as a sub-brand of PayPal, focusing on P2P transactions.

After having PayPal, William Chen's Meta technology finally made up for this short board of payment, but PayPal's current investment in the field of mobile payment is still insufficient. After that, the main task of PayPal is to stabilize the current web-side payment while doing its best. Expand the scope of the mobile payment field.

This is not difficult. There are more and more start-up companies entering the mobile payment field, just like PayPal did in the previous life. For innovative companies, they can just acquire them directly.

Integrating PayPal into HOLA still needs research, but now PayPal can be applied immediately, that is, Zoom shopping. Adding PayPal payment method, users can jump to PayPal when paying.

Also, the subscription to the "Meilijian Toutiao" APP will also be the same.

Then after the integration is complete, these will even use PayPal as the only mobile payment method.

Relying on the companies under Meta Technology, with so much traffic imported, PayPal can only develop better than the previous life.

……

After Meta Technology acquired PayPal, the impact on Silicon Valley in the United States was very large.

Now the well-known Internet technology giants in Silicon Valley have added a Meta technology after Yahoo, Google, and Facebook.

Especially the HOLA APP of Meta Technology, the growth rate of users is very rapid, and it has already surpassed Facebook. This has also aroused Facebook's fear. Compete with HOLA for the market.

More importantly, William Chen, the boss of Meta Technology, is different from the founders of these other Internet giants. He is like Yang Zhiyuan, Larry Page and Zuckerberg. He is not an Internet genius, nor is he the founder of these Internet companies. founder.

Chen William was originally a well-known rich second generation in the United States, and his early reputation was not good.He established Meta Technology through the acquisition of companies through his own investment income.

Therefore, the image of Chen William is not a technology madman, but an investor.

What's more interesting is that his development process is more dramatic than those genius entrepreneurs, and it is a typical example of recovering after getting lost.

This also makes Meta Technology unique among the Internet technology giants.

It is not that there are no super-rich people who have acquired Internet technology companies before and tried to become new Internet giants, but without exception, most of them ended in failure.

It's like Murdoch's acquisition of MySpace, a social network that was comparable to Facebook at the time for nearly $[-] million, but eventually sold for a few thousand dollars.

As for the companies acquired by Chen William's Meta Technology, it seems that the development momentum is good at present, the number of users is growing steadily, and they are also among the best in their respective segments.

No matter what others think, there are those who are optimistic about his future development, and those who are not optimistic about the integration of these companies by Meta Technology, but William Chen's popularity has surpassed the founders of these technology giants, and he has become the latest wealth-making idol in the United States .

In the latest questionnaire survey conducted by "People" magazine, William Chen became the richest man most admired by young people with a high number of votes.

Of course, these are irrelevant things to William Chen.After completing the acquisition of PayPal, he handed over the follow-up work to Sundar Pichai, the new CEO of Meta Technology.He, together with Ivanta, went to Rick's engagement ceremony first.

(End of this chapter)