Fight to the third generation

The last time their bank was in Pengcheng's Sihai International Cultural Tourism City project, they were jointly preempted by people from China Merchants and ICBC. Once they maintained a good relationship with Su Yehao, President Peng felt that there was a chance to take down Su Yehao's parents by the way. This is definitely a top big client.

After listening, Su Yehao smiled and said:

"That's troublesome. The company I want to acquire is called ICQ, an instant messaging software with 700 million active users, and its development prospects are quite good. I only have more than 5000 million US dollars in cash on hand for the time being. How much will I borrow in the end? It depends on how much I can earn recently, wait for me to send the information over, you can take a look first..."

Chapter 314 Surrounding tour

After initial contact.

Although no actual agreement was reached, the mere fact that the bank was interested was enough to give Su Yehao a little bit of confidence.

Even if the negotiation with Bank of China fails, you can still look for Hong Kong-funded, European and American banks that are more experienced in leveraged buyouts. Anyway, as long as you think of a way, there is always a chance to win ICQ, and you will not be helpless in the face of opportunities.

If ICQ is really taken over by AOL, Su Yehao thinks it will be difficult to get those millions of users. After all, AOL is not short of money, especially his money.

But look at it from another angle.

If ICQ is really acquired by AOL in the end, and with the idea of ​​killing competitors, it will be hidden casually.

This seems to be a great thing for TVT, which is ready to go. It means that there will be one less competitor at no cost. When they meet, Su Yehao is confident that he can gain the upper hand.

There are many examples of killing fees for free. Although AOL has a higher market value and more users, Su Yehao actually thinks that it is easier to deal with than ICQ.

……

Nong Qingying came all the way to the United States, so she couldn't stay in front of the computer with him all day.

then.

Su Yehao once again sneaked out of his busy schedule and drove east from Atherton, Silicon Valley, until he arrived at Yosemite National Park, and checked into the resort he had booked in advance.

The resort was developed by a rancher. After walking for a while, I first saw a herd of cattle.

Mountains, canyons, waterfalls, fresh and natural air, and historic trees everywhere. As a scenic spot on the World Heritage List, you can always meet many tourists from all over the world during the hike, and the picnic spot is very lively.

"The port city is really too small. I like this kind of beautiful scenery. A park is bigger than the entire port city. After walking all the way, my legs will break."

Sitting on the rock in the picnic camp, Nong Qingying said while beating her legs.

Next to him, Su Yehao was grilling chicken wings. The ingredients and charcoal were all bought from the store. It was a bit hot to sit by the fire in May, and his back was already sweating.

Drink a big sip of Feizhai Happy Water, and feel comfortable enough to say "Ah~".

With a smile on his lips, Su Yehao told Nong Qingying, "I only plan a two-day itinerary. I can't finish it by walking on my legs. Just visit a few of the most famous scenic spots. Other places are similar. It says in the travel brochure, California There is also Sequoia National Park, which is also very suitable for hiking.”

Linda Yun, who had just finished going to the mobile toilet, was breathing heavily at the moment, she walked up and said:

"Better drink less water, it's hot today, and those toilets are...you know, it's suffocating. Redwood Park is really spectacular, the trunks are thicker than cars, I went there once in high school, it's like To the place where giants live."

"Next time I have a chance to go again, after walking here, my legs will probably hurt for a day or two." Nong Qingying said.

She met Linda Yun.

There are not many contacts, and the relationship is relatively unfamiliar.

At the very beginning, Nong Qingying had doubts about the relationship between Linda Yun and Su Yehao, and it was easy for beautiful girls to have inexplicable hostility.

However, after these two days of getting along and observing, she found that it didn't seem quite the same.

It was rare for Su Yehao, who was upright and not afraid of the slanting shadow, never thought of making them get closer, so he didn't bother to intervene, and the Buddhist relationship was fine.

The picnic camp is located on the river beach, with stones of different sizes under your feet.

It was raining upstream, the current was relatively turbulent, and tourists were catching fish.

During the break, chatting while eating barbecue, the temporarily hired white bodyguards each brought sandwiches, hamburgers, toast, etc. During the work period, it was like going on an outing to relax, not to mention that Su Yehao was not the one who was prone to danger Such customers, the taste is of course excellent.

After a short rest, I set up my tent to prepare for my lunch break. I checked the time, and it was only [-]:[-] noon.

Exchanges on the East Coast adopt daylight saving time, three hours ahead of California, and do not close until [-] pm on the East Coast.

Su Yehao said to Linda Yun: "Ask the account manager of Morgan Stanley again, how is the trend today?"

When I set off in the morning, I heard that the price had risen, and then I didn't ask any more questions.

Now that Linda Yun has finished contacting him, he learned that there is an additional 700 million US dollars in the general account today, which makes Su Yehao feel very happy.

After getting into the tent, Su Yehao hugged Nong Qingying and said:

"I'm afraid I can't go back to Hong Kong recently. The time difference is different. I was just about to go to bed when the New York market opened, and I must have already fallen asleep when the market closed. If the stock price fluctuates sharply, it is likely that I will be delayed due to sleep. In the brokerage Most of the employees in charge of the U.S. stock market are night owls, otherwise you will go back by yourself in a few days, and I will stay for a while longer to take care of things."

"I'll distract you if I stay here? It's annoying to drive people away when you first arrive."

Nong Qingying rolled her eyes at him.

This girl holds the position of vice president of KOKO Venture Capital. In fact, she has almost nothing to do on weekdays. She just helps Su Yehao.

I'm idle in the Hong Kong city, and I'm also idle when I come to the United States, but I'm tired of living in the Hong Kong city, and I want to stay with Su Yehao and take the opportunity to go around more.

Now hearing that Su Yehao asked her to go back in a few days, of course she would be upset.

How could Su Yehao dare to say that Xiao Nizi might come to kill him in a few days, so he made an excuse and said with a smile:

"No, I also want you to stay with me, but the funds for the acquisition have not been found yet, and there are still many things to do at the bank. I would like to ask you to help me. I don't know how to hand over such a large amount of funds to others. Don't worry, it won't be too late to come back to accompany me after finishing the work, and I will take you shopping in New York, I heard that the shops on Fifth Avenue have a lot of discounts."

I still remember the last time I talked with Xiao Nizi on the phone, Su Yehao also said to accompany her to New York.

Anyway, you can rent a private jet for free, and it doesn't matter if you close your eyes and sleep for a while.

Nong Qingying felt that it made sense, and she stopped resisting instantly, and said thoughtfully: "You are busy with your work, then I will leave from the San Francisco airport and go to San Francisco in advance. By the way, Yahoo helped me earn money." A lot of money, do you think I should invest in a real estate in the United States? Taking a stock loan will not delay the current investment."

When I suddenly have money in my hand, I always like to toss about nothing.

After thinking about it, Su Yehao shook his head and said, "The First Quanye Bank didn't help me this time, so I should look for other banks. If you have a house at home, you can stay in a hotel when you go out. There are too many houses, and it's troublesome to manage. It's important to make money first. , then directly buy a villa with a big yard in Repulse Bay or on the top of the mountain."

"Alright, then can I buy more options, futures, etc. like you, and earn more than 1000 million US dollars in a short time, so I can make money."

"It's true that you can make a lot of money, and the risk is also great. If you want to gamble, you can add a small leverage, about five times should be no problem. I'll talk about it when I get back to Silicon Valley. I'll squint for a while, I'm tired..."

……

Chapter 315 New Ideas

I spent two days in Yosemite National Park, and the scenery is so beautiful that it can purify the soul.

However, Su Yehao was greedy for profit, and relying on Yosemite alone could no longer cleanse him, and he felt that it was just okay.

Within three days of opening a position, the highest total profit exceeded 2000 two million U.S. dollars. However, with the slight fluctuation on Friday, it suddenly fell by more than half, and by the end of the market, there was only a profit of more than 400 million U.S. dollars.

The bank has not yet determined whether to agree to the loan, and it is still unknown whether it will be able to earn enough funds in the short term.

Thinking of being on the safe side, Su Yehao began to consider the possibility of a merger, that is, using part of the cash plus equity to negotiate with ICQ's shareholders.

however.

Since he can't spend hundreds of millions of dollars, he may lose tens of billions of dollars in the future. In Su Yehao's eyes, no matter how he looks at it, he will feel that it is too bad.

If there are 700 million active users of ICQ, the possibility of success of the international version of TVT can be increased from [-]% to [-]% to [-]%. Coupled with Su Yehao's reasonable plan, tens of billions of dollars and so on are not all in the works. A daydream could very well become a reality.

Once the existing shareholders of ICQ are brought in, it is tantamount to giving these shareholders a free ride, and Su Yehao does not want to give up the shares too early, which will not only affect the follow-up financing planning, but also have a certain impact on his interests.

After all, apart from ICQ's existing users and reputation, he can't help him too much in other aspects. He has neither influence nor funds, so he is obviously not the first choice for cooperation.

Wall Street giants such as Goldman Sachs and Morgan, as well as technology companies such as Microsoft and Yahoo, which control the wealth of traffic, are the target groups that Su Yehao hopes to cooperate with.

therefore.

As for the conceived planning of the merger, it is only prepared in advance, and it is not even considered as Plan B. At best, it is considered as Plan D, which is similar to the attempted financing of Plan E.

Plan A, of course, is to find a way to find the funds by yourself.

B is through financial institutions, using leveraged buyouts.

C is to temporarily cash out Yahoo shares, and after the acquisition is completed, find a way to pledge a loan and continue to invest.

The plans have been listed by Su Yehao in the small book, and the advantages and disadvantages are also noted. It is rare to encounter such a short of money, and he continues to rack his brains to think about how to make a quick sum of money in a short period of time.

I was so calm before because I knew that I could always rely on my parents at critical moments. For example, when I bought Yinhai Software, don’t look down on Su Yehao’s father. Mom, ask grandpa for a sum of money.

This time, however, the situation is different.

Four Seas International's funds have already been used in Pengcheng Four Seas International Cultural Tourism City and the financing of two large-scale projects, Meidi Group.

Although the total value of the Earl Medical Group in Hong Kong City managed by my mother is quite high, the cash flow is relatively short. It can squeeze out four to five billion Hong Kong dollars. If it is more, it will sell assets or take out loans.

Su Yehao, who can only rely on himself, has once again tasted the feeling that his ambition is greater than his own strength, which is quite worrying.

I have read a lot of newspapers, but I still can't find a reliable speculative target.

As expected, money is never enough...

……

Adrian from McKinsey Consulting took people to the TVT headquarters for an investigation on Saturday morning.

Accompanied by Su Yehao himself, he introduced with self-knowledge at the moment:

"My company has just started and its scale is still very small. It only has hundreds of users in the Silicon Valley area. It is in the testing stage and cannot be compared with ICQ for the time being. In fact, people from ICQ first proposed to spend 500 million US dollars to acquire my company. , if you have used our product, you will find that it has a relatively mature new social model, which surpasses ICQ in terms of functions and technology.”

Adrian is a small supervisor in the branch company, and his performance is usually so-so, so he values ​​Su Yehao's business.

After listening to it, he smiled and said: "To be honest, I have downloaded your product, and my colleagues have also registered after they found out. I occasionally communicate through it during working hours. The experience is really quite good."

Su Yehao sat at the newly purchased conference table, tapped the table with his fingers, and told:

"I'm raising funds. I encountered a little trouble, but it can be resolved. Try to talk to them recently. I don't know how the progress of AOL is going. It will be resolved sooner, and it will be easier."

"Oh? Are you short of funds? Our company now has a financial credit service for customers, which only charges a small fee. I can help you apply if necessary."

After Adrian finished speaking, Su Yehao's heart moved slightly, and he hurriedly asked: "Leveraged buyout, does your company provide this business?"

"Of course, McKinsey has cooperation with many financial companies. A few years ago, my colleagues and I were responsible for helping clients acquire a large number of polystyrene manufacturers, and then reintegrate them and sell them to third parties. In that transaction, the transaction value of the leveraged buyout reached one billion U.S. dollars.”

Su Yehao nodded calmly.

When it comes to financial business, the United States has long played tricks. It can be divided into five or six types of mergers and acquisitions. In the early years, there was a movie called "Barbarians at the Gate", which described hostile takeovers. The traditional mode of operation has been "sublimated".

Before, Su Yehao was more resistant to borrowing from financial institutions other than banks. The reason was that not only the interest rate was high, but the repayment cycle was relatively short, and there were greater risks in it.

However, there is a real shortage of funds right now. After thinking about it for a few seconds, Su Yehao asked again:

"Then how much capital do you think your company can provide me with this transaction? You know, I'm investing in Yahoo. In fact, I'm already ready to liquidate my Yahoo stock and buy a lot of Yahoo options outside the market. It is equivalent to using a small amount of funds to continue to be optimistic about Yahoo’s appreciation prospects and take out the money to buy ICQ.”

Of course Adrian could understand.

It is probably the difference between buying a house for investment with all the money, and paying a deposit loan to buy an off-plan house.

For example, if you bought a house with a full payment of 100 million, but now you sell the house and cash out 100 million, you only take 100 as a deposit. The house with a target value of 90 million can continue to enjoy the value-added bonus, and the remaining [-] can be used for others. use.

The disadvantage of doing this is that the risk is a bit high, so Su Yehao only dared to make small troubles before, and the big one was to "pay the full amount" to avoid violent fluctuations.

Su Yehao had already asked people to calculate that after liquidating Yahoo stocks and repaying part of the loan from First Quanye Bank, there would still be more than 2 million US dollars left, and the remaining money would be collected from the bank, basically no problem.

If the money problem is not resolved, there is no way to let ICQ talk about the acquisition.

At this time, Su Yehao was quite moved when he learned that McKinsey could provide leveraged buyout services. As long as you don't get scammed, it doesn't matter if the interest is high. Anyway, you should be able to pay it back in the short term...

Chapter 316

In front of Su Yehao, Adrian called the CEO of ICQ.

After I reported my family, I got a positive answer that they were in contact with AOL on the spot. The reason why ICQ shareholders had the idea of ​​cashing out was more complicated. ICQ is overwhelmed, but investors are not optimistic about its development prospects and are unwilling to invest in it.

The phone turned on the speaker.

When Su Yehao saw the CEO of ICQ and talked with Adrian, his tone seemed to be very excited. He couldn't help but smiled happily, shook his head slightly and sighed.

As the world's first instant chat product that has been successfully developed, the company's management is faced with darkness, and all roads have to be explored by themselves, such as how to make profits, how to reduce customer acquisition costs, and how to formulate future plans. Development strategy planning, etc.

From the current point of view, ICQ is obviously not successful enough in these aspects, and has almost entered a dead end. It continues to hold on to instant chat itself and narrows the road by itself.

Visually speaking.

This company is tantamount to hugging the gold nugget, but they don't know it.

It can only be said that starting a business too early is not necessarily a good thing. Facing the endless wilderness, how to turn the land into fertile land is a science, and the current timing is obviously not suitable.

America Online, which has a market value of tens of billions of dollars, has initially mastered the password to get rich by adopting the model of "charging chat groups". This method is undoubtedly a bit clichéd. will be eliminated by the user.

The heart beats much faster than usual.

Su Yehao, who was nervous, only listened to David, the CEO of ICQ, asking on the other end of the phone: "Then... how much is your customer willing to pay to acquire our company?"