Start from 1980
Chapter 354 Acorn Changes Owner
Chapter 354 Acorn Changes Owner
But having said that, although the boss's thinking seems to be unconstrained, he is indeed very thoughtful. He has more vision than her when looking at many things.
After working together for so many years, the only dissatisfaction with the boss is that the boss is actually curious about what her boyfriend looks like.
Could it be that she was worried that she would not be able to marry?
After Tang Wanru left the company, she returned to the hotel to rest.
This time when returning to China, the first stop is to go to the capital. First, I will give the boss’s letter to the boss’s wife, and then I will meet with the big leaders to ask for some policies. Then I will go back to Shencheng and ask for the development of Yantian Port. After that, I will go to Hong Kong. Then I have to go back to the mainland and start a film and television city.
Except for Tang Wanru, a company far away in the Soviet Union, who did not participate, she followed both Hong Kong and mainland companies.
By the way, there is one more thing the boss ordered her to do.
Rubbing his temples, he could only hope that this negotiation would go smoothly.
As far as Acorn is concerned, although Proton, which built the MOS 6502 processor, really has a sense of presence in front of the people of the British Empire, and the research and development of ARM1 has also achieved certain results.
But whether it is the MOS 6502 that has been developed or the ARM1 that is under development, it is obviously unrealistic to compete with Intel's x86 series in terms of performance.
As a result, Acorn's current performance is mediocre, and the engineers are also panicked, fearing that they will lose their jobs at any time.
Everyone understands that if you really want to fight Intel hard, you will definitely hit the stone with an egg, and you may lose your job one day.
Because Acorn has not set up a semiconductor manufacturing department and does not have its own wafer factory. Many things are developed in the laboratory and then produced by manufacturers. Now they have an ASM factory, which will make their research and development smoother.
After a meeting and discussion, everyone agreed to the acquisition plan proposed by Tang Wanru.
But the price is a bit different from Tang Wanru's.
The next day, Tang Wanru came to Acorn on time, and Chris Curry was already waiting.
After the two sides greeted each other, they went straight to the point.
Chris Curry said: "Miss Mary, after our consideration, we agree to your company's proposal, but we have to increase the price to 800 million pounds. If possible, we will directly sell the company to you as a package."
Once acquired, Chris Curry can only cash out with his founder, and there is no need for the company to stay any longer.
"800 million pounds?" Tang Wanru shook her head: "Mr. Curry, to be honest, this price is indeed beyond my expectation and beyond my budget."
"What do you mean, Miss Mary?" asked.
Tang Wanru thought for a while, and said, "For 500 million pounds, I'll give you 5% of the shares, and your other three founders will all have 5% of the shares, for a total of 20% of the shares."
What Su Chen told her was that the founders of these companies must be kept, or else just a bunch of engineers would be completely useless.
What if the group of founders start all over again and come up with products ahead of schedule just after the acquisition?
Even if 20% of the equity is allocated, Su Chen still owns the absolute controlling stake in the company, and there will be documents in the relevant regulations to prevent these people from running away, or starting a new stove, and stabbing in the back.
After hearing Tang Wanru's proposal, Curry was taken aback and was really confused.
Tang Wanru continued: "This company can be said to be the painstaking effort of you guys. To put it bluntly, it is equivalent to your kids. Therefore, we think you should take the lead and educate this kid to grow up."
"As I said yesterday, the acquisition of Acorn is not simply to turn this company into our subsidiary, or part of our company team, but we want to treat it as an independent studio."
This is Su Chen preventing the original founder and his team from saying goodbye to him after the transition period.
So he would rather give up 20% of the equity, but also keep these people in the company.
Only with these people can Acorn develop. Otherwise, it will take a lot of effort, and it might not be as good as the original company team.
He is not a god, and it is impossible to conjure up some black technology for these people out of thin air.
We can only find a way to keep these people.
As Tang Wanru said, they are indeed the children of the founders. In fact, during the meeting, they were also worried about whether they would be kicked out of the company.
Tang Wanru's words gave Chris Curry a reassurance, and said, "Miss Mary, if it's true, I hope you can give us half an hour, I need to discuss it with the guys. one time."
"You can show this document to the other founders." Tang Wanru took out a document.
The content of this document is that the company will give up 20% of the equity to the four founders, hoping that they can go further with the company, blah blah...
Chris Curry took this document to discuss with other founders.
After about half an hour, everyone finished the discussion and agreed to buy it at a price of 500 million pounds, and at the same time, they had to distribute 20% of the shares to the four founders, and there were dividends.
The absolute control of the company is still in the hands of Su Chen, rather than a relative holding. Su Chen can decide the company's product development, operation, operation, financing and other major normal decisions. Simply put, he controls the board of directors and has a veto power.
These few people only have participation rights and dividend rights.
On November 1984, 11, Tang Wanru acquired Acorn at a price of 12 million pounds, and incorporated the company's intellectual property rights and R&D team together.
After the two parties signed the document, it meant that Acorn changed his surname from then on.
Chris Curry called everyone together and said: "Guys, I believe you all know our situation. From now on, Peak Technology is our parent company, and this is Miss Mary, the chairman of Peak Technology."
Tang Wanru casually glanced at everyone present at the meeting, and said, "Now the company is still in charge of you guys, so you can do whatever your previous R&D plan was like, except for some operational changes in the later stage.
You are still in charge at this stage. The purpose of our acquisition of the company is not to drive you away, but to go further together. "
She took out another document and said: "This is a letter written by the boss himself. I believe you all know that Intel's chips are in the direction of high performance. In order to improve performance, it means high power consumption, so he asked, On your original basis, develop more low-power, more streamlined processors."
"Low power consumption, more streamlined processor?" Several founders of the company were confused for a moment.
Tang Wanru nodded: "Yes, because no matter whether you have developed the MOS 6502 or the ARM1 that is under development, you can't stand against Intel, gentlemen, I'm not exaggerating the enemy here.
You are all doing research and development, I believe you will know these things better than me, so the boss’s request is to choose a design route different from Intel’s. No matter whether Intel continues to move towards x86 high-performance design or something else, we must focus on low-cost design. The research and development direction of cost and low power consumption. "
In fact, at the very beginning, Acorn has intentionally or unintentionally avoided the same design route as Intel.
Su Chen's idea is actually the same as their research and development direction.
Moreover, this idea did not interfere with their research and development work, so naturally they had no objection to this proposal, even if they did.
After briefly dealing with the follow-up matters, Tang Wanru took the documents to the airport and returned to the country.
There is no rest at all, coming and going in a hurry.
Although the process of acquiring Acorn in the UK went smoothly, it would be very difficult for Su Chen to acquire Qualcomm again.
After all, he has established so many companies in the United States, even if he gave gifts to Bush and Reagan, it would be useless.
Another one, whether it can be acquired or not is one thing.
After acquiring Acorn, Tang Wanru's mood also became more relaxed. She leaned against the window of the plane and looked outside. The plane took off slowly, and the scene outside the window became more and more blurred.
Su Chen doesn't know anything about London, he is worrying about one thing now...
(End of this chapter)
But having said that, although the boss's thinking seems to be unconstrained, he is indeed very thoughtful. He has more vision than her when looking at many things.
After working together for so many years, the only dissatisfaction with the boss is that the boss is actually curious about what her boyfriend looks like.
Could it be that she was worried that she would not be able to marry?
After Tang Wanru left the company, she returned to the hotel to rest.
This time when returning to China, the first stop is to go to the capital. First, I will give the boss’s letter to the boss’s wife, and then I will meet with the big leaders to ask for some policies. Then I will go back to Shencheng and ask for the development of Yantian Port. After that, I will go to Hong Kong. Then I have to go back to the mainland and start a film and television city.
Except for Tang Wanru, a company far away in the Soviet Union, who did not participate, she followed both Hong Kong and mainland companies.
By the way, there is one more thing the boss ordered her to do.
Rubbing his temples, he could only hope that this negotiation would go smoothly.
As far as Acorn is concerned, although Proton, which built the MOS 6502 processor, really has a sense of presence in front of the people of the British Empire, and the research and development of ARM1 has also achieved certain results.
But whether it is the MOS 6502 that has been developed or the ARM1 that is under development, it is obviously unrealistic to compete with Intel's x86 series in terms of performance.
As a result, Acorn's current performance is mediocre, and the engineers are also panicked, fearing that they will lose their jobs at any time.
Everyone understands that if you really want to fight Intel hard, you will definitely hit the stone with an egg, and you may lose your job one day.
Because Acorn has not set up a semiconductor manufacturing department and does not have its own wafer factory. Many things are developed in the laboratory and then produced by manufacturers. Now they have an ASM factory, which will make their research and development smoother.
After a meeting and discussion, everyone agreed to the acquisition plan proposed by Tang Wanru.
But the price is a bit different from Tang Wanru's.
The next day, Tang Wanru came to Acorn on time, and Chris Curry was already waiting.
After the two sides greeted each other, they went straight to the point.
Chris Curry said: "Miss Mary, after our consideration, we agree to your company's proposal, but we have to increase the price to 800 million pounds. If possible, we will directly sell the company to you as a package."
Once acquired, Chris Curry can only cash out with his founder, and there is no need for the company to stay any longer.
"800 million pounds?" Tang Wanru shook her head: "Mr. Curry, to be honest, this price is indeed beyond my expectation and beyond my budget."
"What do you mean, Miss Mary?" asked.
Tang Wanru thought for a while, and said, "For 500 million pounds, I'll give you 5% of the shares, and your other three founders will all have 5% of the shares, for a total of 20% of the shares."
What Su Chen told her was that the founders of these companies must be kept, or else just a bunch of engineers would be completely useless.
What if the group of founders start all over again and come up with products ahead of schedule just after the acquisition?
Even if 20% of the equity is allocated, Su Chen still owns the absolute controlling stake in the company, and there will be documents in the relevant regulations to prevent these people from running away, or starting a new stove, and stabbing in the back.
After hearing Tang Wanru's proposal, Curry was taken aback and was really confused.
Tang Wanru continued: "This company can be said to be the painstaking effort of you guys. To put it bluntly, it is equivalent to your kids. Therefore, we think you should take the lead and educate this kid to grow up."
"As I said yesterday, the acquisition of Acorn is not simply to turn this company into our subsidiary, or part of our company team, but we want to treat it as an independent studio."
This is Su Chen preventing the original founder and his team from saying goodbye to him after the transition period.
So he would rather give up 20% of the equity, but also keep these people in the company.
Only with these people can Acorn develop. Otherwise, it will take a lot of effort, and it might not be as good as the original company team.
He is not a god, and it is impossible to conjure up some black technology for these people out of thin air.
We can only find a way to keep these people.
As Tang Wanru said, they are indeed the children of the founders. In fact, during the meeting, they were also worried about whether they would be kicked out of the company.
Tang Wanru's words gave Chris Curry a reassurance, and said, "Miss Mary, if it's true, I hope you can give us half an hour, I need to discuss it with the guys. one time."
"You can show this document to the other founders." Tang Wanru took out a document.
The content of this document is that the company will give up 20% of the equity to the four founders, hoping that they can go further with the company, blah blah...
Chris Curry took this document to discuss with other founders.
After about half an hour, everyone finished the discussion and agreed to buy it at a price of 500 million pounds, and at the same time, they had to distribute 20% of the shares to the four founders, and there were dividends.
The absolute control of the company is still in the hands of Su Chen, rather than a relative holding. Su Chen can decide the company's product development, operation, operation, financing and other major normal decisions. Simply put, he controls the board of directors and has a veto power.
These few people only have participation rights and dividend rights.
On November 1984, 11, Tang Wanru acquired Acorn at a price of 12 million pounds, and incorporated the company's intellectual property rights and R&D team together.
After the two parties signed the document, it meant that Acorn changed his surname from then on.
Chris Curry called everyone together and said: "Guys, I believe you all know our situation. From now on, Peak Technology is our parent company, and this is Miss Mary, the chairman of Peak Technology."
Tang Wanru casually glanced at everyone present at the meeting, and said, "Now the company is still in charge of you guys, so you can do whatever your previous R&D plan was like, except for some operational changes in the later stage.
You are still in charge at this stage. The purpose of our acquisition of the company is not to drive you away, but to go further together. "
She took out another document and said: "This is a letter written by the boss himself. I believe you all know that Intel's chips are in the direction of high performance. In order to improve performance, it means high power consumption, so he asked, On your original basis, develop more low-power, more streamlined processors."
"Low power consumption, more streamlined processor?" Several founders of the company were confused for a moment.
Tang Wanru nodded: "Yes, because no matter whether you have developed the MOS 6502 or the ARM1 that is under development, you can't stand against Intel, gentlemen, I'm not exaggerating the enemy here.
You are all doing research and development, I believe you will know these things better than me, so the boss’s request is to choose a design route different from Intel’s. No matter whether Intel continues to move towards x86 high-performance design or something else, we must focus on low-cost design. The research and development direction of cost and low power consumption. "
In fact, at the very beginning, Acorn has intentionally or unintentionally avoided the same design route as Intel.
Su Chen's idea is actually the same as their research and development direction.
Moreover, this idea did not interfere with their research and development work, so naturally they had no objection to this proposal, even if they did.
After briefly dealing with the follow-up matters, Tang Wanru took the documents to the airport and returned to the country.
There is no rest at all, coming and going in a hurry.
Although the process of acquiring Acorn in the UK went smoothly, it would be very difficult for Su Chen to acquire Qualcomm again.
After all, he has established so many companies in the United States, even if he gave gifts to Bush and Reagan, it would be useless.
Another one, whether it can be acquired or not is one thing.
After acquiring Acorn, Tang Wanru's mood also became more relaxed. She leaned against the window of the plane and looked outside. The plane took off slowly, and the scene outside the window became more and more blurred.
Su Chen doesn't know anything about London, he is worrying about one thing now...
(End of this chapter)
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