Chapter 228.9 Small Acquisitions (Part 2)
"How to calculate the valuation?" After a while of silence, Wang Yun finally talked about some substantive issues.
"Based on the detailed investigation we commissioned from several consulting companies, we calculated based on Dazhong.com's current market share, positioning, revenue, etc..." Zhou Bo said while handing them a thick piece of information, "Our
The valuation is about 6 billion yuan. If you can come up with better data than this, then we can discuss it further."
Wang Yun, Wei Zhangbei and several senior executives read the information carefully.
Of course they knew the situation of Dazhong.com very well, but when they looked at the information handed over by Zhou Bo, they couldn't help but take a breath.
There is no other reason. The information listed above is too detailed.
Whether it is revenue, expenses, market share, etc., they are all written clearly, which is much more accurate than the summary materials produced by Dazhong.com.
And the asking price of 6 billion is not unreasonable.
In fact, according to contacts with several angel investment companies, the current valuation of Dianping.com can probably reach 5 billion yuan.
But the valuation of 5 billion yuan is just to facilitate various angel investors to raise funds and obtain shares.
Now Chose Girl has given 6 billion, which has already increased the valuation by 20%, but it is in line with the rules of overpaying during acquisitions.
One is a shareholding and the other is a wholly-owned acquisition, so the prices are naturally different.
Although Dianping.com is one of the three major online group buying websites in China, the problem is that the current group buying market size is far less than what it will be four years later.
After all, the current habits of online group buying are not so standardized in China. More than a year of mixed group buying tests have made many people dislike group buying online - this is related to business ethics in recent decades.
The reason why erotic girls can develop so rapidly in Europe and the United States is precisely because of the good business reputation of the United States and Europe.
Xiao Qi knew that in the future Dianping.com, after fully integrating computer and mobile users, would reach a valuation of more than 30 billion, but now they are only worth 6 billion.
Wang Yun and others also have full understanding of this.
"I heard that in the companies acquired by Qi Shao and Miss Tang, the management can obtain certain shares. I wonder if we will have such benefits after the full acquisition?" Wang Yun did not raise any objection to the acquisition price.
, but raised another question.
"These management shareholdings all have certain conditions." Zhou Bo did not deny it, "But firstly, it depends on the strength of these acquired companies, and secondly, it depends on their contribution to the company. If your contribution has won the favor of the boss lady,
If it is approved, then it is completely possible to obtain shares of the company.”
Wang Yun and others nodded slightly as they listened, but they were inevitably a little disappointed.
They originally thought that after the company was acquired, they and others would immediately obtain about 10% of the shares, and then they would be both managers and small shareholders, and their lives would be very comfortable.
But they didn't expect that Tang Mingxiang didn't give them shares from the beginning. This was different from the model they knew about Fairy Company or Mingxiang Venture Capital.
But when I think about it, this is completely normal.
Unless you are very, very optimistic about the abilities of these management teams, giving them shares from the very beginning is either imprudent or childish.
Of course Tang Mingxiang is not one of the two. On the contrary, she is very smart, so there may be a performance assessment. Only if she succeeds can she get shares and greater power.
Are you asking a group of entrepreneurial leaders at Dianping.com to sell their shares?
Of course I do!
On the one hand, Chinese entrepreneurs start out with full enthusiasm. After working for a while, they will find that their overall view and abilities cannot keep up, and it will be easy for them to fail the company they founded.
brought to the point of decline.
On the other hand, the purpose of entrepreneurs in China is not to "change the whole world" like Gang Leader Qiao, and it is absolutely impossible to "increase the competitiveness of China's electronics industry" like Xiao Qi. They are more about
In order to make money, make yourself rich, become a famous rich man, and honor your ancestors.
Different from its previous life, Dianping.com did not launch its first financing in 2007 because it saw the prospect of group buying websites. Instead, it relied on the efforts of several founders, borrowing money, loans, etc., and finally survived.
It has reached the point where it is now slightly profitable.
Therefore, 100% of the shares are in the hands of a group of management.
If everyone sells these shares, those with a small amount can get 3.5 billion, and those with a large amount can get over 1 billion. Even Wang Yun can get more than 2 billion yuan, which is a very huge amount of assets.
With this money, even if they do nothing for the rest of their lives, they don't have to worry about life problems at all.
Besides, Zhou Bo also said that after selling the company, Cho-Girl will still hire their management team and make them responsible for the development of the Chinese market. Not only will they receive high salaries, but they will also receive additional stock rewards if they are successful.
, this is also a very attractive condition!
The most critical thing is that Wang Yun and his group of managers have built Dianping.com to its current level, but when faced with tough attacks from Meituan and Nuomi, they no longer have the confidence to develop Dianping.com.
Since they have lost the courage to start a business, they don't have much attachment to Dazhong.com. After selling it, becoming a senior professional manager is also a very decent and fulfilling job.
"I understand what Miss Tang means." Wang Yun looked at himself and said harmoniously: "Mr. Zhou, it's hard for you to come all the way. Please go to the hotel and rest for a while. Let's discuss it here. What's the plan for the dinner tonight?
At that time, we will give you an accurate answer, do you think it is okay?"
When facing Zhou Bo, Wang Yun did not have any power advantage, so he was naturally very polite when he spoke.
Moreover, the time given for his reply was not delayed, probably because he knew that Zhou Bo was not that patient.
As for the issue of company handover, there is no need to rush. After the intention is reached, the specific details will still need to be discussed for a period of time. The entire transaction will be completed in April anyway. The most important thing now is an attitude.
"good!"
Zhou Bo nodded and said nothing more.
In fact, in his opinion, Tang Mingxiang didn't need to buy such a small company at all. Even if it had no foundation in China, the small boss had plenty of money, so it wouldn't be a problem to just buy a Chinese version of a pornographic girl.
Any business is best done by your own people.
However, since it was Tang Mingxiang's request, Zhou Bo could only obey his orders.
…
When Zhou Bo left the conference room accompanied by the manager of the public relations department, the expressions on the faces of the few Dazhong.com executives who remained became enthusiastic.
"Haha, it seems that Tang Mingxiang really thinks highly of us!" Financial Director Zhong Cun took a sip of tea, "Although 6 billion is not too high, it is not far from our psychological distance. How about you, do you want to strive for more?
one time?"
The founders of Dazhong.com were classmates when they were in college. They have worked together for so many years and their relationship is particularly good. Of course, they are not unfamiliar with each other.
Wei Zhangbei shook his head, "I think it's better not to give it up. According to Tang Mingxiang's ability and Xiao Qi's control, I'm afraid there's no way to change the acquisition fee. Talking more will only annoy them."
"I think so too." Lei Wantian, director of the logistics department, said, "To put it bluntly, we still lack the strength to bargain... If the erotic girl is ours, then we don't need to talk about acquisitions, even whether to inject capital or not.
It depends on whether we are happy or not."
Everyone laughed when they heard it.
Wang Yun smiled and waved his hand, "Since everyone thinks so, we agree on the price."
Several people nodded in agreement, and at the same time, bright smiles bloomed on their faces again.
"But although we can't negotiate on the price, we can still talk about other aspects." Wang Yun then changed the topic, "About the operation of Dianping.com, investment costs, the treatment of a group of us, etc., we can all discuss it in
In the future detailed negotiations, please explain it carefully."
"But if we do this, we won't make them unhappy, right?" Wei Zhangbei was very honest and answered, "After selling such a large amount of money, retaining the current position, and making too many demands, Tang Mingxiang will not
Will Bian have any opinions about us?"
"That's not true," Zhong Cun said, "I know Tang Mingxiang and her temper. This woman is famous for her boldness and is a heroine. As long as you are capable and reasonable in doing things, then she
She won't mind at all. And the most important thing is that she has been developing in the United States, her business thinking is very close to that of Americans, and she has no objection to this normal way of bargaining."
"That's good." Lei Wantian reminded him, "But we also have to consider Xiao Qi behind her... I really don't know, it turns out that she is Xiao Qi's woman! I think she can become one of the affiliated companies of Fairy Company.
, I felt a little excited."
"Who is not?" Wang Yun said with a wry smile, "Xiao Qi was still in high school when I started my business. As a result, in just a few years, others have climbed to such a high mountain, but I was still looking up at the bottom of the hillside.
Sometimes I have to think that there is a kind of genius in the world that is beyond your reach."
Several people also strongly agreed with Wang Yun's statement.
To reach this stage of Xiao Qi's career is definitely what anyone dreams of.
Let alone Chinese companies, there are few companies in the world that can compare with Fairy Company.
What is genius?
This is genius!!
Xiao Qi is a genius!!! (To be continued, please search Piaotian Literature, the novel is better and updated faster!
Chapter completed!