Chapter 127 The deal
After being silent for about a few minutes, Xu Yong looked at Li Dong and said, "Since he is not optimistic about Baidu, why does Mr. Li have to buy the shares I have?"
Li Dong shook his head and said, "It's not that he is not optimistic, but that he is not optimistic now and has great potential in the future. I am ready to hold it for a long time and do not urgently want to cash out. After ten or eight years, the Internet will definitely usher in spring. I am optimistic about it is the future of the Internet."
This is pure nonsense, Li Dong secretly complained.
Xu Yong took it seriously, because Li Dong's intention was exactly the same as him.
He is also optimistic about the future of the Internet, but not Baidu's present.
If you don’t need to spend money in a hurry, it is indeed worth holding Baidu stocks for a long time, but what Xu Yong needs now is money.
Xu Yong rubbed his temples and felt a little upset. More importantly, he felt that he was starting to shake.
From the initial rejection to the long talk with Li Dong and the others, it was his wavering manifestation.
Should I sell it?
After thinking for a long time, Xu Yong said tiredly: "Let me think about it. Moreover, I have an agreement with the board of directors. Without the written consent of the board of directors and most shareholders, the founder of the company is not allowed to transfer shares."
The original intention of this agreement was to target Xu Yong and prevent him from selling his shares to his competitors, resulting in Baidu being acquired.
However, time has passed, and he has few shares in his hands now. He would not disagree if he really wanted to sell it, otherwise he would not have sold some shares before.
Li Dong and Gu Honglou knew that this was an excuse for Xu Yong to see off the guests, so they naturally refused to leave now.
He struck while the iron was hot and finally moved Xu Yong. If he turned around, he had to think about it for a while, so Li Dong would not have so long to wait.
Gu Honglou waited for him to finish speaking and said, "Leave this matter to me, I will deal with it on the Baidu Board of Directors."
He had almost dealt with senior executives at Baidu. If Xu Yong had not dared to make a promise before he left the job, he was 100% sure now.
Moreover, Li Dong’s money is not that easy to get. It would be too easy to expect to make so much money in just a few words.
The various subsequent procedures and possible problems need to be dealt with by Guhonglou.
Only when the real money and goods are cleared can the transaction be considered complete.
Xu Yong knew what the two meant, but he didn't let go and said, "I'll consider it again, and I'll contact you later."
Li Dong was a little unwilling to accept it, but he knew that he could not force it too hard, so he had to say, "Then Mr. Xu thought about it and called me again. I can't stay in the capital for a long time. There are still many things to be done in the company."
...
After leaving the building, Li Dong asked Gu Honglou, "Will Xu Yong sell it?"
Gu Honglou smiled bitterly, who can tell this is accurate?
However, after doing everything you should do, it would be useless to continue. It depends on Xu Yong himself.
Thinking of this, Gu Honglou still comforted him: "Don't worry, Mr. Li, he will definitely agree."
Li Dong nodded, but set a time for himself in his heart. Today is June 1st. If Xu Yong hadn't replied to him before June 5th, he would be ready to give up.
...
Xu Yong did not ask Li Dong to wait until the 5th, but on the 3rd, he called Li Dong and said he wanted to talk to Li Dong.
Li Dong, who hung up the phone, smoked several cigarettes in a row, and then calmed down. This was done!
The next thing is nothing more than a price issue, but in Li Dong's opinion, the price is not a problem. As long as it does not exceed the issue price, he can accept it.
When Li Dong and Guhonglou met Xu Yong again, Xu Yong was a little depressed.
Li Dong and the others thought it was Xu Yong who thought for too long in the past two days before he seemed mentally exhausted. In fact, what they didn’t know was that Xu Yong had experienced much more in the past two days than they thought.
He has contacted several banks and venture capital firms, either they are not optimistic or the conditions are harsh.
In short, Xu Yong has been hit hard these two days, otherwise Xu Yong would not have made a decision so quickly after counting on the last conversation.
When Xu Yong saw Li Dong, he didn't say nonsense and said directly: "How many shares do Mr. Li want?"
"How many do you have..." In fact, Li Dong wanted to say how much you have, I wanted as much as you want.
However, Xu Yong's words scared Li Dong, "I won't sell them all, I will sell up to 500,000 shares."
Li Dong swallowed, 500,000 shares?
And not all, how many shares does this guy Xu Yong have in his hands?
Didn’t it mean that most of them were repurchased and some were sold? Why are there so many more?
In fact, he had not realized Xu Yong's status yet. He was one of the two founders on Baidu. No one can compete with him except Li Yanhong.
The 500,000 shares are converted into less than 2% of the shares, but in fact, Xu Yong still holds more than 7% of the shares.
The reason why he only sold 500,000 shares was that the money was enough for the company to operate, and Xu Yong still felt that Baidu could take off, and he was planning to hold the remaining shares for a long time.
Seeing that Li Dong was not speaking, Xu Yong frowned and said, "Mr. Li, do you think it's too much?"
Li Dong shook his head quickly, how could he think too much? Naturally, the more you have, the better.
If possible, he would want to buy all the shares in Xu Yong's hands.
Of course, this is definitely impossible. Whether Xu Yong would agree or not, nor whether Baidu's board of directors agreed, the key is that Li Dong doesn't have that much money.
Last year, Google raised $5 million in financing and acquired only a little more than 2%.
The listing is about to be launched this year, and the price will definitely rise. In addition, Google financing is to expand Baidu's fame, which brings additional effects more important than money, so it is considered a bargain.
Li Dong knew that the cost he spent was definitely much greater than Google.
By this calculation, it is hard to say whether you can win these 500,000 shares in 50 million.
Sure enough, the price Xu Yong offered made Li Dong jump.
“$30 per share!”
Li Dong almost cursed, "I'm crazy about money, and it's almost 250 US dollars to RMB!"
Last year, when Google bought it, it was only about 60 yuan per share. You rose four times at one time. Baidu has not yet been listed!
The offer was naturally for the purpose of bargaining. Li Dong was not polite and said directly: "10 US dollars!"
"Is this what President Li said?" Xu Yong said dissatisfied.
"But Mr. Xu can't ask for a price all over the place, $30 per share, which means Mr. Xu thinks that Baidu is worth more than one billion US dollars now?"
"Maybe it's not worth it now, but after it goes public, I think it's definitely worth it!"
Li Dong rolled his eyes. Of course I know the value, and I also know that it is almost reaching the 100 billion dollar mark at its peak.
But that's the future, Baidu is far from worth it now.
Seeing this, Xu Yong said again: "Last third round of financing, the price per share has reached US$12. Mr. Li, how much do you think each share is worth now?"
"I remember that was just a quote, and Google seemed to spend $5 million to get more than 700,000 shares."
"Mr. Li, do you think this is comparable?" Xu Yong was not polite either. This comparison is naturally a comparison between Li Dong and Google.
Li Dong cursed inwardly, "Don't you think of others?" Brother Dong won't talk to you yet!
The sight of you is passing by the ancient red building, it’s time for you to play!
Guhonglou had been ready for battle for a long time. Seeing Li Dong's sign, he immediately began to fight with Xu Yong.
The three of them had been talking for more than an hour, but in the end, Xu Yong insisted on $18 and refused to let go.
No matter how little he is, he won’t sell it, or it’s the same with another person. Anyway, $18 is his bottom line.
Seeing this, Li Dong knew that he might not be able to reduce it anymore. To be honest, he was also very satisfied with the price.
Baidu's issue price is 27 US dollars and the opening price is 66 US dollars. He can earn a lot of money for $18, and this is not the amount of stock rise.
However, if you take all 500,000 shares, Li Dong's money will not be enough, 9 million US dollars, that is more than 70 million yuan, and Li Dong now has a difference of more than 20 million yuan.
It’s another matter of whether it’s money or not. Anyway, Li Dong decided to take it all.
In the end, Li Dong agreed to Xu Yong's price of $18, and the two agreed to sign the contract three days later.
Today is just the first talk. There are tens of millions of transactions. Li Dong is worried, and Xu Yong is not at ease.
Next, he would like to ask a lawyer to be present. If necessary, Li Dong would also prepare to ask the notary office to notarize.
After all, it involves tens of millions now, but in the future it will only be hundreds of millions or billions, so he has to be more careful.
Chapter completed!