All round car designer

Chapter 571 Successful Alliance
"I want to discuss with Mr. Chen about the joint acquisition of Gaoteng Map." After saying this, Xu Yingteng took a sip of tea and looked at Chen Zhenyu leisurely.

Cooperative acquisition of Gaoteng?

Chen Zhenyu looked at Xu Yingteng with puzzled and vigilant eyes. Firstly, he didn't know what kind of cooperative acquisition Xu Yingteng mentioned, and secondly, he didn't know that there were three companies participating in the acquisition. Why did Xu Yingteng find Is it their virtue to cooperate, not Zhou Fei behind the car home?

"I don't quite understand what Mr. Xu said. There is only one company in Gaoteng, and Baixun and we both want to acquire it. It should be due to competition. What kind of cooperation do you mean by cooperation?" Chen Zhenyu stared at each other and asked.

Xu Yingteng smiled, "Mr. Chen wants to acquire Gaoteng because he is interested in Gaoteng's traffic services in terms of food group buying, scenic spot recommendation, and hotel ordering. I'm not wrong about that."

The parent company of Virtue Maps is mainly engaged in food group buying, etc. It is not difficult to guess that Virtue Maps develops map services just to attract traffic to its main business.

"Even so, so what?"

"This is the basis of our joint acquisition." Xu Yingteng smiled and continued, "What Mr. Chen wants is Gaoteng's business, but we Baixun don't need it. What I value more is Gaoteng's business Traditional map services and services on taxis, I believe these are not what Mr. Chen needs. In this case, why don’t we cooperate in the acquisition? Once the acquisition is successful, we can split the business and get what we need. okay?"

Xu Yingteng's analysis is correct, and Chen Zhenyu is indeed not very interested in traditional map services. It is a group buying service, why do you want these?
"That being said, why is Mr. Xu looking for me instead of Zhou Fei?" Chen Zhenyu remained vigilant.

"I had a cooperation experience with Feichi Company before, but due to various reasons, they finally broke up. Mr. Chen should remember this matter, why should I make trouble for myself? Besides, why do I even think about Zhou Fei? The reason for the acquisition of Gaoteng has not been clarified, so where is the basis for cooperation?"

"So that's the reason." Chen Zhenyu was silent, but then he said, "Then how can I be sure that Mr. Xu won't abandon me halfway like he did to Zhou Fei last time?"

"Mr. Chen, I came to you to discuss important matters because we have known each other for many years. If you say that, just pretend that I didn't say anything just now, please go back." Xu Yingteng was also a little angry, There was a trace of frost on his face.

"Mr. Xu, don't be angry. I'm just talking about it. It doesn't mean anything else." Chen Zhenyu also knew he was wrong, so he put down his airs and smiled apologetically.

"Okay, then let me ask Mr. Chen one last question. What do you think about the cooperative acquisition I just mentioned? If you think it's okay, we can discuss the specific details. If you don't think it is necessary to cooperate with our Baixun, Then this matter is over, and I will find another way." Xu Yingteng stared at Chen Zhenyu and said.

"Mr. Xu's proposal is indeed very attractive, but why did Mr. Xu think of a joint acquisition? It's just been the first round of negotiations. I think Baixun is fully capable of swallowing Gao Teng's deal on its own." Chen Zhenyu asked suspiciously.

"If Baixun is the only one to buy, then I do have the ability to buy Gaoteng on my own, but now I still have to face the competition between Mr. Chen and Feichi. Zhang Yuanxi has this kind of mentality, so he dared to raise the asking price of 35 billion. Regardless of whether we can spend the money, even if we can, does Mr. Chen think Gao Teng is worth the price?"

Xu Yingteng paused, and continued, "What's more, we are facing a common competitor, Autohome. The parent company behind it is the Mercedes-Benz Group. Their cash reserves are known as the world's number one. Mr. Chen feels that it is necessary to follow the Mercedes-Benz Group. Is the group head-to-head?"

Although Mercedes-Benz Group is also a traditional manufacturing company, it is not like giants like Dafeng Motor. In terms of market value alone, a Baixun is enough to beat the three auto giants of Dafeng, Benma and Futong. For the Feichi Group, it is different. After all, the business scope of Feichi is too wide, and it cannot be viewed from the traditional perspective. Once Feichi is listed as a whole, its market value may directly jump to the world's largest market value. company!
"Then Mr. Xu, how about a cooperation method?" Chen Zhenyu thought for a moment, then asked.

If the cooperation with Baixun can be successful, it would indeed be a good way. As Xu Yingteng said, the two parties can obtain what they need at the lowest cost, avoiding the premium acquisition brought about by vicious competition.

"First of all, my overall valuation of Gaoteng is about [-] billion. In this regard, I don't know what the reserved price is for Mr. Chen?"

"I am the same as Mr. Xu on this point. The current valuation of Gaoteng is 30 billion." Chen Zhenyu replied.

"Okay, then we will make a joint quotation based on the price of 30 billion. Gao Teng's main business is concentrated on traditional map services. Food, hotels, etc. have only been involved in the past two years, and there are not many resources. This is also why Gao Teng The main reason for the rapid deterioration of the financial situation is that Baixun will invest 20 billion yuan, and Meide will take out the remaining 10 billion yuan, and then cooperate with Gao Teng to make an offer, what does Mr. Chen think?"

Xu Yingteng quickly came up with his own plan.

Chen Zhenyu frowned slightly, "Since Mr. Xu also said that Gao Teng's main business is in traditional map services, then our investment of one billion in virtue is a bit much, isn't it?"

"It's not much more than one billion. Mr. Chen will let you do the financial accounting later. Food group buying and hotel ordering business, although Gaoteng has only just developed, there are many resources that are also stolen from Virtue. Yes, I remember that the loss to virtue at that time was more than one billion. What's more, all the systems of Gaoteng in these businesses are brand new, and resource integration is more convenient. One billion is already very sincere .”

Xu Yingteng explained with a smile that he felt that his allocation was reasonable and there was no problem.

"Okay, as for the allocation of funds, according to Mr. Xu's words, Baixun will invest [-] million yuan, and our virtue will invest [-] billion yuan." Chen Zhenyu nodded without saying anything after hearing this.

"Mr. Chen is indeed a cheerful person! Now that the investment ratio has been determined, let's discuss the details of the next step." Xu Yingteng couldn't help laughing when he heard this.

In the following time, Xu Yingteng and Chen Zhenyu conducted in-depth discussions on the specific rules of the cooperative acquisition, and finally determined the specific cooperation plan.

"Then let's follow what we said tonight, and tomorrow we will hold a joint press conference to officially announce this matter."

Xu Yingteng held Chen Zhenyu's hand and said with a smile.

(End of this chapter)