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Chapter 362 Tripartite Agreement

Andy Jassy himself was already cautious about this negotiation. Seeing Rong Guang's "performance", he became even more vigilant: "Rong, be honest! We at Amazon are bound to win Joyo. After the acquisition,

Joyo.com will enter the core of Amazon and become a subsidiary in China. You simply can’t give Joyo this. You can’t be an annoying disruptor.”

Andy Jassy’s words are true. Joyo.com will indeed enter the core of Amazon in the future and will become Amazon’s Chinese branch. However, Bezos did not pay attention to it at all, and the Chinese branch almost died in the end.

.

Rong Guang was happy: "Andy, you seem to have misunderstood. Since you mentioned honesty, it can be like this. Everyone is here, and we can talk about what we want? How about it?"

After thinking for a few seconds, Andy Jassy nodded: "Absolutely. Just a reminder: this is an informal communication! Rong, you can speak first."

Rong Guang doesn't care about Andy Jassy's little tricks. He always suffers the most if he speaks first: "I need to open an online store on Joyo.com. Now that Amazon has joined in, you have to open a store on Amazon as well.

The most favorable conditions are needed. Profit distribution can be negotiated, but the promotional and advertising channels must be the most favorable.”

"That's it?" Andy Jassy looked weird. Amazon already welcomes more partners, so it doesn't need any threats at all. It's enough to negotiate with the boss? Could it be that this Chinese Rong took the wrong medicine?

To open an online store, just buy an e-commerce website directly? "Sorry, Rong, can you tell me what products your online store sells?"

"We are a group company and have quite a few brands and products. But I can tell you that the first thing we focus on is cleaning robots."

Andy Jassy certainly knows what a cleaning robot is. It is an electronic home appliance product that is not top-notch in technology, but can still be regarded as high-tech. However, as long as it is not a contraband or sensitive product, Amazon will not care about your sale.

What is it?

"No problem guaranteed. We at Amazon are looking forward to cooperating with you." Isn't it just a light promise? If you can buy Joyo.com for less, Andy Jassy can say it all day and night.

However, Wang Shutong and others were shocked. They didn't know what the cleaning robot was. They only heard the word "robot", and the way they looked at Rong Guang changed.

"I still want Amazon's stock." Now that Andy Jassy has come to the door, Rongguang simply says it loudly. Maybe Amazon is crazy and they will agree?

Unexpectedly, these words made Andy Jassy breathe a sigh of relief. This is the right thing! He is extorting money, taking advantage of others, and he is a black-hearted Hundan! That shabby online store is just to stir up the topic.

And what that Chinese guy wants is definitely stocks with voting rights, and he even wants to snoop on seats on Amazon's board of directors? Otherwise, wouldn't he go to the stock market to buy stocks? Will he become an enemy of Amazon when he is full?

Andy Jassy simply said: "We are also very interested in OldK."

"Okay!" Rong Guang really didn't think too much about it. Since Amazon is willing to exchange its own stocks for OldK's stocks, only a sick person would refuse to agree, right?

Andy Jassy was stunned for a moment, and then he was ecstatic: "That's great, Rong. Let's have a cup of coffee together after dinner?"

If you can exchange for the original shares of OldK, you can make money with your eyes closed as long as you wait until the Nasdaq is listed at the end of the year. If you can also get a seat on the board of directors of OldK, then Amazon will become an American hero and Bezos will become a Silicon Valley hero.

Leader. No amount of money can buy this back!

The two bad guys both had evil intentions, but in the end they both unexpectedly gained something.

"Haha, Andy, be a gentleman, there is Miss Wang here."

"Oh, I'm so sorry, beautiful Miss Wang."

"Should Joyo.com be priced at US$85 million? You and I shouldn't care about a mere US$5 million? Consider it our sincere praise for Miss Wang?"

"Rong, of course I have no problem here. Hahaha!"

"..."

There is a saying that in front of Wang Shutong and others, they directly added 5 million US dollars and sent them away, which was indeed a bit insulting. However, Wang Shutong and others did not feel offended at all, and even felt secretly worried about the 85 million US dollars.

Hi. Just because of their different status, Amazon is at the top of the IT industry, and they are the real big guys!

Especially Rong Guang, this surprised Wang Shutong and the others. Could it be that Rong Guang is now on an equal footing with Bezos? It turns out that there are big bosses in China too, and he has always been by our side!



Now that they were all harboring evil intentions, they reached a very complicated tripartite agreement while drinking coffee that night:

First, Dado Asset used US$85 million in cash to acquire 100% of the equity of Joyo.com from Wang Shutong and others;

Secondly, Amazon used 20 million shares of Amazon's directional allotment rights to acquire 12% of the equity of Joyo.com and Old Technology, and obtained a board seat in Old Technology.

Let me explain: The current 20 million shares of Amazon stock have a market value of about US$500 million, and they are still voting rights, accounting for almost 2% of all Amazon shares.

But that directional allotment has many restrictions: it must wait until December 31, 2004, that is, the end of this year, before Amazon will issue directional allotments to Rongguang Individual, Damo Asset and Putian Technology.

There is also a five-year lock-up period. In addition, within three years, Rong Guang is prohibited from increasing or selling Amazon shares in the market. He is also denied a seat on Amazon's board of directors. At least in the short term, it completely eliminates Rong Guang's opportunity to get involved in Amazon.

.

Here you can briefly summarize it:

Wang Shutong and the others received US$85 million in cash, which is nothing to say;

This chapter is not over yet, please click on the next page to continue reading! Rongguang used US$85 million in cash, plus the transfer of 12% of the shares of Old Technology and a board seat in Old Technology to obtain 20 million shares of Amazon stock. It is currently worth US$500 million.

, but there are various restrictions. And there are certain risks. What if Amazon goes bankrupt before the end of the year? (Laughing and crying);

Amazon just used 20 million shares and got so much. From the book value point of view, they seem to be suffering a lot, but isn’t the Old Technology board seat valuable? It will be difficult for Rongguang to control Amazon in the future, but Amazon will have

Opportunity to acquire Old Technologies!

Another point - isn't it just a rights issue? Amazon didn't pay a single dollar in cash? Those money actually belong to the leek in the stock market, and you won't feel bad spending their money at all.

And there are other benefits. Bezos received great honors. In this acquisition war, Amazon "won a big victory"! Didn't you notice? Amazon not only acquired Joyo.com, but also acquired Old Technology.

of equity?

That demo from China actually dared to fight with Amazon in the United States? In the end, he even lost his own company! As for the 20 million shares? Those are details, not important at all!

Of course, there are still some actual benefits.

Rongguang has obtained the qualification to open online stores on Amazon and Joyo.com, and has also become the highest-level partner.

Amazon has also formed a strategic alliance with Old Technology. To be honest, Amazon is still very greedy for Old Technology's traffic, which can bring them many customers. On the other hand, Old Technology does not matter and does not need Amazon to attract traffic at all.

At this point, Amazon does have a huge advantage.
Chapter completed!
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