Reinventing the Millennium.

Chapter 329 Please enter the urn (two in one)

"Brother Fan, sit down."

"I asked you to come today. I have nothing else to do. The main thing is to talk about your friend's funds."

In Yike's New York office, Fang Zhuo in a suit and leather shoes poured a glass of water for Fan Xiong who was a bit cramped.

"Mr. Fang, is there a problem with the funds?" Fan Xiong felt ecstatic about picking up money this month, especially if he brought this kind of joy to his brothers.

"There's only one problem, the amount is too low and too scattered." Fang Zhuo held Fan Xiong's fund form dumbfounded, "It says 3 to [-], Brother Fan, do you think I have bank deposits here?" ?”

Fan Xiong was startled and said, "Isn't this combined to 30?"

Previously, Fan Xiong took out the principal and profit of the two profits, brought three brothers, and collected 150 million US dollars. The money was told that it had doubled and could be delivered at any time.

That's a full $300 million!
This time, he was notified that he could enter with additional money, so Fan Xiong expanded the range of brothers and pooled 30 US dollars.

Fang Zhuo sat directly on his desk, and said with a smile: "Private equity funds have a capital threshold. I told you last time that you alone have 3 to [-], which is not enough to make my procedures cumbersome."

"Also, for the last profit, you have a friend to deliver, and you and the other two friends don't move, it's too troublesome."

"Brother Fan, your chamber of commerce and I have a one-year or two-year closed period. Now I will relax it for half a year, and you can choose freely when it expires."

"Also, if you pool the money of these brothers and friends, 20 yuan will be recorded in one person's name, and a million dollars is the entry threshold."

"is that OK?"

Fang Zhuo reached for the teacup.

Fan Xiong understood the meaning, that is, a small amount of money can be combined into a large amount of 20 yuan, and then 5 large amounts of money can be put into a private equity fund.

This time, the total is 30, and we have to raise another 100 million...

"Mr. Fang, none of our brothers have any money, this..." Fan Xiong was a little embarrassed.

"Huh?" Fang Zhuo was surprised, "I see that your Chamber of Commerce is very rich. Last time, I invested 500 million. This time I said that I must take another 500 million, and they readily agreed."

Fan Xiong grinned, but said nothing.

After a while, he opened his mouth to continue complaining, those who are in the world have no concept of saving money, and usually spend money lavishly, either on casinos or on women's bellies.

"I'm not discussing with you, I'm notifying you." Fang Zhuo said lightly, without any emotion.

Fan Xiong choked, and suddenly realized that he was playing with him.

"Then I'll think of a way." He said helplessly.

"This kind of good thing is still so slow." Fang Zhuo shook his head and said disappointedly, "It's fine if you don't get it within a week, and the fund is not waiting all the time."

Fan Xiong quickly assured: "This week will definitely be fine, I'll let the brothers get together."

He decided not to limit himself to [-], and he could try to make up [-], or find a red stick with little business, the opportunity to make a fortune is right in front of him.

Fang Zhuo glanced at Copper Pea, said "Yes", and waved to him: "Go out."

Fan Xiong was full of "money, money and money", so he got up and left in a daze.

He didn't feel anything wrong, but before leaving the house, he suddenly thought of something: "Mr. Fang, what is the name of this private equity fund? I can tell my brothers."

A client who has operated three times did not remember to ask for his name until now, which fits well with the casual private placement style.

"Peace & Love, referred to as PL private equity fund, according to our abbreviation habit, you can call it a beautiful fund." Fang Zhuo said, "I, my partners and clients all hope that its performance will be better."

Fan Xiong was a little startled, murmured to himself, and turned to leave.

After the copper pea left, Kong Yu, the person in charge of fund affairs, came in from the president's office.

"Mr. Fang, can PL come in with $600 million this week?"

"Almost." Fang Zhuo nodded, "The one who went out just now has a very positive attitude and can contribute 100 million."

Kong Yu was surprised: "All the members of the gang are so rich?"

Fang Zhuo shrugged and did not answer the question.

Kong Yu waited for a few seconds, then continued to ask: "Then what is the strategy this time?"

"PL bought Netease and Sohu first, and controlled them all below the placard line. Don't let the fund trigger the announcement. The extra money is invested in US real estate stocks, and the style is conservative." Fang Zhuo said.

Two requirements.

Kong Yu heard three meanings, they must be controlled below the sign-raising line...

He considered his words, and said tactfully, "How is the profit and gain reflected in the contract?"

Fang Zhuo glanced at the fund manager lightly, and emphasized: "PL should be more private, with management fees and performance compensation added, and the terms are more flexible."

Kong Yu understood in seconds.

Private equity funds are relative to public equity funds, and there is one very important difference: transparency.

What is more private placement?
Be more opaque!

"Don't go wrong with the black and white contract." Fang Zhuo said again.

No matter how understanding Kong Yu is, he must be more opaque and protected by the law!

MIGA Fund currently holds shares in three portal websites, and many actions have to be announced. PL Fund must avoid such a situation, so as to be able to handle customers.

In particular, the funds absorbed by PL come from gang groups, the kind of people who are not familiar with the terms of the contract.

Kong Yu clapped his hands and praised: "Boss, this is a win-win situation. They make money, and we also make money."

Fang Zhuo nodded in surprise, yes, Lao Kong understood it very well.

Regarding the new fund shell, in addition to helping to cultivate the financial management concept of gang groups, it will also be used to test the waters of subprime real estate in the United States and actively participate in the immediate wave of real estate economic prosperity.

The current funds are still small, but Li Xinyue and Fan Xiong still have great potential. They have a chamber of commerce behind them, and there is a Chinatown behind the chamber of commerce. And there is more than one Chinatown in the United States?
……

In November, Yike contacted Apple for the second time under the instruction of Fang Zhuo, and conducted active acquisition discussions.

Apple recognizes the market value of Yike, just as it acquired SoundJam MP, the predecessor of iTunes, and also wants to use funds to win Yike's market share and iMusic, which has been praised by users.

Compared with the 2 million US dollars in the last negotiation, Apple is not stingy, trying to finalize the acquisition as soon as possible.

The two sides frequently reported news of progress.

However, to Fang Zhuo's disappointment, Sony Music remained calm and did not communicate with the previous negotiating team very often.

One side is cold and the other side is hot.

Seeing that the negotiations between Apple and Yike are getting smoother and smoother, the marketing director can't sit still.

On November [-]th, Yu Hong went straight to the president's office after hearing the result of another negotiation.

"Mr. Fang, you won't talk about selling Yike, right?"

Fang Zhuo was a little amused: "How do I remember that you asked me that last time?"

Yu Hong was confident: "Because the situation is always changing, Apple's bid is higher."

After a week of contact, Apple’s purchase price this time talked about 2.8 million US dollars, and other conditions such as retaining sub-brands for independent operation, proportional share swaps, and management retention of positions have not been erased.

Apple is quite sincere.

Yu Hong clearly felt this.

"Yeah, Apple recognizes our value more and more." Fang Zhuo shook his head slightly and sighed, "Sony, Sony, why doesn't it open its eyes?"

Yu Hong sensed her state of mind from her tone of voice, and said with a relieved smile, "Yes, Sony hastened to open his eyes. If he doesn't open his eyes, the bride will get into someone else's sedan chair."

The two were chatting and laughing in the office. The strategy of using Apple to put pressure on Sony Music has come to an end, and it is now decided that Fang Zhuo, the president, will attend the meeting the day after tomorrow.

If the real process was followed, the acquisition would be the president who made an appearance and then signed it.

Therefore, Apple will also have President Jobs appear at the meeting on November 11. They think that now is the time for the two presidents to shake hands.

Fang Zhuo intends to pass this news on to Sony Music—by way of the negotiating team notifying the other party that they will no longer continue the negotiation.

The purpose is to make the final announcement: Hey, Sony Music, I really want to sell myself to Apple, surrender, and realize personal financial freedom!

Anyway, Yike's business negotiation team talked about the point where they thought it was inappropriate not to sell.

If Sony Music remains indifferent the day after tomorrow, the president of Yike can only announce the collapse of the acquisition again because of "temporary changes in shareholders"...

This will inevitably be strongly questioned by Apple.

But Fang Zhuo, as the president, can only put aside his business ethics to conduct cunning pressure tests.

Fang Zhuo and Yu Hong didn't discuss Cao Chuan's pressure on acquisitions by borrowing arrows, but instead talked about the professional managers recently selected by headhunters.

Yike not only needs a professional manager in charge of the American market, but also needs a manager to develop the European market.

The quality and price of M1 and P1 have proved that they can also have an advantage in the market of developed countries such as the United States. As Europe with similar consumption habits, Yike has no reason to give up.

If the US market is gradually weakened due to music copyrights, the European market can continue to breathe with hardware products.

Just as the marketing director finished chatting with managers from different backgrounds and was about to leave, Fang Zhuo's mobile phone on his desk suddenly received a call from China.

"Xiao Yu, wait."

Fang Zhuo called Yu Hong, pressed the phone and said, "Zhou Xin is calling."

Yu Hong stopped.

"Hello, Brother Fang, are you busy?" Zhou Xin's voice was very peaceful.

"Not busy, I'm chatting with Mr. Yu." Fang Zhuo asked, "What's the matter? Is there something wrong with Guahao.com?"

"No, it's a personal matter, Brother Fang, I plan to get married at the end of the month, and I want to ask about your itinerary." Zhou Xin was still calm.

Fang Zhuo's eyes widened, and he once suspected that the flow of time in foreign countries and China was inconsistent. If I remember correctly, I asked about this person's relationship before going abroad...

He rarely lost his composure: "Uh, get married? At the end of the month? Did I get it wrong?"

"No, she likes me a lot, and I think she's pretty good too." Zhou Xin narrated, "And, I have to be responsible."

Fang Zhuo: "..."

He was silent for a few seconds, turned on the phone's voice, and congratulated: "Xiao Zhou, congratulations, it's a good thing to start a family, uh, it's just you who are in a hurry, if it's someone else, it's fine, I have nothing to say to you, Marriage must be carefully considered and not impulsive."

"I've thought it through very clearly." Zhou Xin smiled, "Is Sister Yu here? Then please inform me that I'm getting married on NO.30 at the end of the month!"

Yu Hong: "..."

After she was shocked, she hurriedly said, congratulations.

When the phone call ended, President Yike and the Marketing Director were speechless. They all knew that Zhou Xin's last relationship had ended hastily. This relationship... is to start a new stage of life with responsibility?
"I'll ask him later." Fang Zhuo could only tell Yu Hong that way, but according to what he knew about Zhou Xin, he was about to attend his wedding at the end of the month.

Yu Hong: "Good!"

The marketing director left in a daze. She felt that seeing a friend's emotional process in this way was very strange... wonderful.

Fang Zhuo was also confused, but there were still many things to deal with.

500 million US dollars from the Li family of the Anliang Chamber of Commerce arrived in the account, and 100 million US dollars from the Copper Pea Brothers arrived.

Neither of these two sums of money will go into the MIGA fund but will be operated through the PL fund.

Formal private placement, black and white, no deception.

However, compared with the MIGA fund, the PL fund has set its upper limit on the profit of some customers at the beginning of its birth. With such a figure, it is necessary to consider how to pay the account.

From the current point of view, the stock prices of Sohu and Netease are hovering below $2, and the appreciation space is still quite high. This is something that will be seen immediately with the Q4 financial report.

On November 11th, Fang Zhuo, president of Yike, who looked extraordinarily energetic in formal attire, led the team to Apple.

Today is the default process of the two companies. The president meets with the president, affirms each other, and then announces the final agreement on the acquisition intention.

"Or, just sell it to Apple. I'm really embarrassed to regret it in person." Fang Zhuo sat in the car, holding his phone, teasing himself.

"In Yike, only Mr. Fang is competent for this job." Yu Hong seemed to criticize and praise.

Fang Zhuo gave a disdainful "ah" and put the phone back in his pocket.

The company's news was passed to Sony Music, but there was no movement until this time. I am afraid that the other party really didn't pay much attention to the new music ecology, which was really beyond Fang Zhuo's expectations.

But he was unwilling to give up directly, and came to see Jobs thinking that everything was settled.

After the first acquisition negotiations broke down, Jobs once criticized competitors to the media, reprimanding Yike products for having no soul.

Fang Zhuo decided to tease and question himself today, what is the soul of the product.

At nine o'clock in the morning, Yi Ke and his team arrived at Apple.

Only then did Fang Zhuo really meet Apple President Jobs.

Sitting on both sides, the two presidents exchanged polite greetings.

However, before the greetings were over, the phone in Fang Zhuo's pocket suddenly vibrated strongly.

Fang Zhuo's heart skipped a beat, he took out his phone, and saw a call from Sony Music.

He apologized to Jobs and walked out of the conference room with his cell phone in hand.

The caller was Stringer, president of Sony Music.

"Mr. Fang, I think Sony Music and Yike have a lot of room for cooperation. Yike's music copyright is enough to fight against Apple. Sony Music's model transformation also has future development."

Stringer's voice was extremely steady.

"Mr. Stringer, don't you think it's a bit late for you to call at this time? I'm already standing outside Apple's conference room." Fang Zhuo didn't let go.

Stringer said: "Mr. Fang, are you willing to achieve a great career or watch others become great?"

Fang Zhuo: "Um..."

"I fully believe in Mr. Fang's ability, and Sony Music is also willing to make concessions on the previous business negotiations. Apple's acquisition is nothing more than some immediate benefits. Mr. Fang is a person with a listed company, and he must know that going public will bring the greatest benefits. .” Stringer persuaded sincerely.

"I'll think about it again." Fang Zhuo sighed, "The main thing is that I have already negotiated with Apple, so I don't want to ignore business ethics."

"There is a saying in Huaxia that great things are achieved without regard to small details." Stringer spoke faster.

Fang Zhuo wondered: "But Sony Music and Apple's valuation of our Yike is too different. Now I go into the meeting room to sign, and Apple will immediately pay 2.8 million US dollars."

Stringer showed the decision of the giant's president: "We also recognize the value of Yike, and we can talk about copyright based on this valuation. Moreover, with the cooperation of copyright, the value of Yike will immediately rise."

"Let me say a number, Mr. Stringer, let's calculate Yike's valuation based on 3 million US dollars. If possible, let's talk further. If not, I will go in and shake hands with Jobs." Fang Zhuo gave a number.

There was silence on the other end of the phone.

Fang Zhuo counted silently in his heart, 1, 2, 3, 4...

5.

"Okay." Stringer agreed, "I believe Yike and Sony Music are a match made in heaven!"

"Well, I think so too." Fang Zhuo thought so a long time ago!

A call from the president of Sony Music ended there.

Fang Zhuo re-entered the conference room.

He walked to Jobs, whom he met for the first time, and held out his right hand.

Jobs shook hands in surprise.

"Sorry, Mr. Jobs, our negotiation is over." Fang Zhuo lamented, "A shareholder of the company strongly objected. I really can't disregard the interests of shareholders. This is against my business ethics."

Jobs: "..."

Fang Zhuo shook his head regretfully, turned and left without hesitation.

Yi Ke and his team all got up, followed the president and disappeared from the Apple meeting room.

Jobs looked at this scene in astonishment, and watched Yike's repentance again in astonishment. Strong and complicated emotions arose in his heart. It's not that Yike's products have no soul...

It's Yike's president who has no soul!

(End of this chapter)