My rebirth is different

Chapter 545 Mr. Fei is really kind
"Hey, I've been dealing with you for so long, when did our Softbank take advantage of you." Xue Chunhe said with an awkward smile.

Of course, it's not that they don't want to take it, but that Yu Wenfei doesn't give them this chance.

"I said seniors, if you are willing to pay, you should hurry up. I am afraid that things will change after a long time, and it is not just you Softbank who want to invest in Facebook games. Believe it or not, today I Let the word out, Facebook games will be opened for financing, and the VC representatives queuing at the gate of my office tomorrow can line up from here to the gate of the science and technology park!" Yu Wenfei joked.

"I believe! Of course I believe it. But at least give us a little more time, this is 15 billion US dollars! Junior! You don't understand what 15 billion US dollars is, right? There may be many VCs in line, but you can come up with With so much money, there are not many of them." Xue Chunhe said with a wry smile.

Yu Wenfei believed in this, otherwise he would not have considered Softbank immediately, isn't it because Softbank has a lot of money.

But if Softbank really uses this to threaten him and wants Lions to ask for more shares, Yu Wenfei really won't let them get used to it. There are many ways to solve the funding problem.

15 billion dollars, although it is an astronomical figure, but it is only for ordinary people and ordinary VCs.

For the world's largest banks, this money is nothing.

The easiest way is to take your Facebook shares as a pledge!

Although Facebook has not yet been listed, there is no intuitive measure of the company's value, but 80.00% of his shares must be worth at least 20 billion US dollars.What's more, Yuwenfei can bundle the listing underwriter qualification and equity pledge together, presumably big banks like Citigroup will flock to it.

Therefore, Yu Wenfei is going to wake up Xue Chunhe, so that they will stop having illusions and think that they can only rely on them.

"Well, how much is the Facebook game worth? Why don't I bring in Citibank and HSBC to make an assessment? In addition, Facebook should also start preparing for an IPO, and it's time to talk to those big banks." Yu Wenfei said with a smile.

Xue Chunhe was not stupid, he immediately recognized the meaning behind Yu Wenfei's words, and was a little panicked.

If Yu Wenfei introduces new shareholders to Facebook Games or Facebook, it will be even more difficult for SoftBank to increase its shareholding in Facebook Games.

He quickly said: "There is no need for the time being. Financing is financing, and listing is listing. These are two different things. Don't confuse them. We are old friends, and the price and shares are easy to negotiate. How about this, I will ask the company's evaluation department to get it as soon as possible after I go back. If you come out with an offer, you can rest assured that you will definitely give a reasonable valuation to Facebook Games.”

…………

After returning, Xue Chunhe told Sun Zhengyi exactly about his conversation with Yu Wenfei.

After hearing this, Sun Zhengyi also frowned, "We still think too simply! Not to mention that Yu Wenfei can achieve this level of career, he is not a simple person, besides, there are still people around him. Cai Congxin, who is proficient in finance and law, how could we take advantage of it? Forget it, let’s show our sincerity! I still think that under the helm of Yu Wenfei, the Facebook company will soon grow into The Internet hegemony of the mainland! Our current investment seems to be huge and not cost-effective, but the final return will definitely satisfy us, and even exceed our expectations."

"Then how should we quote?" Xue Chunhe asked.

"2000 million online platforms... There is really no reference for this!" Sun Zhengyi shook his head and smiled wryly. Even though he has been researching the Internet for these years, he has never seen such a "freak" as Facebook games!
In fact, the most difficult aspect of Facebook games to value is its newly launched Facebook Battle.net, a platform that subverts the concepts of all Internet practitioners.

Before this, there has never been any software or any platform that can reach 2000 million simultaneous online users!

Even ICQ and QQ, which claim to have more than [-] million registered users, do not have such an exaggeration in the number of simultaneous online users.

Because ICQ is used all over the world, there is a time difference. There is no so-called peak and trough period for the number of people online at the same time. It is relatively average, that is, it has passed the threshold of tens of millions.

As for QQ, although users do not have jet lag problems, the number of registered users is too high!

If you look at the number of simultaneous online connections, it can reach 2000 million during the peak period, but to be more realistic, if you look at the number of independent IPs, it will not reach 2000 million.

As for Facebook Battle.net, there is no way to add water to the number of simultaneous online users, because online users are playing games, which is easy to calculate.

In other words, Facebook Battle.net, at present, is already a platform with the highest number of online users in China, and even in the world!

If the value of the Facebook game is measured according to this standard, the valuation is exaggerated, and it may not be worth 60 billion US dollars.

But the Softbank people can't accept it psychologically. A new company that has just been spun off from Facebook can reach such a high valuation in just two months!

Also, if the valuation is too high, it will be too difficult to cash out in the future, because Sun Zhengyi cannot imagine how high the market value of a half-Internet and half-game company like Facebook Games can be after listing.

A market value of tens of billions of dollars?
It feels a little daunting, because NetEase of the same nature only has a market value of more than 30 billion US dollars, and NetEase also has its own online games developed by itself.

…………

This problem has been entangled until the formal negotiation with Yu Wenfei.

Sun Zhengyi raised this question. He frowned and asked, "President Fei thinks, what data should be used as the main reference for Facebook's valuation?"

Yu Wenfei nodded, expressing his understanding.To be honest, if the two sides were reversed and he was allowed to invest, he would never think that the valuation of Facebook Games could reach more than 50 billion US dollars.

"Mr. Sun, I understand your concerns. Frankly speaking, the current performance of Facebook Battle.net is a bit unstable." Yu Wenfei said frankly.

Softbank will be his "close comrade-in-arms" for a long time to come, and Yu Wenfei has no intention of really cheating them.

"Oh? How do you say that?" Sun Zhengyi asked in surprise.

"You have all forgotten one thing, that is, the current results of Facebook Battle.net are mostly based on the popularity of the CS game. However, how long can this game be popular? When this game is no longer popular, So, will Facebook Battle.net launch a new game that can replace CS in time?" Yu Wenfei said with a smile.

Sun Zhengyi and Xue Chunhe looked at each other, they really made a serious mistake!

That is, when they were studying the Facebook game, they focused on all kinds of data, but they ignored the basis on which these data were built!

Of course, this is also caused by the rush of time and their lack of understanding of the game industry.

"Mr. Fei, this is what you are like!" Sun Zhengyi couldn't help giving a thumbs up and exclaimed.

Yu Wenfei did not take this opportunity to kill them, but told them the key to the problem frankly, and Sun Zhengyi appreciated it very much.

This is the person who does great things!
If you only care about the immediate interests and deceive your partners in various ways, such a person is destined to not go far.

"Don't rush to praise me. Although the data of Facebook Battle.net is not that solid, overall, the valuation of Facebook games is still not low." Yu Wenfei laughed.

"That is, that is, the achievements of the Facebook game are obvious to all, Mr. Fei, tell me, what do you think the reasonable valuation of the Facebook game should be?" Xue Chunhe continued.

"40 billion US dollars, the same valuation as Facebook at the beginning, this is a number I can accept. Of course, this valuation is also for Softbank. If I change to another VC, my asking price will start at 50 billion." Yu Wenfei seriously said.

40 billion dollars?
Sun Zhengyi nodded slightly, and this number was acceptable to him.

However, if the Facebook game is valued at US$40 billion, wouldn’t it be possible for Softbank to take away a considerable amount of shares by spending US$15 billion this time?
Before he was happy, he heard Yu Wenfei say again, "However, out of the 15 billion that Softbank took out this time, only [-] million can be converted into the equity of the Facebook game, and the other [-] billion can only be regarded as an interest-free loan. Facebook game use!"

Sun Zhengyi's jaw almost didn't drop, he stared at Yu Wenfei, "Why do you want to lend Facebook games without interest? You are not kidding!"

That's a billion dollars, and it's interest-free?

Only Yu Wenfei dared to dream this kind of dream!
"Because this is the condition for Softbank to exclusively finance and expand its shares. Without the ticket for this billion-dollar interest-free loan, it is impossible." Yu Wenfei said seriously, not at all joking.

Sun Zhengyi was speechless for a moment.

In fact, it is right to think about it. If the Facebook game is financed according to the valuation of 40 billion US dollars, it will definitely be very popular. Now the opportunity is only given to Softbank, so Softbank has to pay some price, right?

"You...you..." Sun Zhengyi pointed at Yu Wenfei helplessly.

This just praised him for his kindness, so he did this to himself!
However, this condition is not too harsh, it is still within the acceptable range.

In the end, Yu Wenfei and Masayoshi Son agreed that Softbank Capital would provide US$15 billion, of which US$[-] billion would be an interest-free loan, which would be repaid when Facebook Games carried out the next round of large-scale financing or went public.Of course, if there is no financing within three years and the listing fails, then the company assets of Facebook Games will be used to offset the repayment.

The remaining [-] million is formal financing.

After adding the US$45 million, Facebook Games is valued at US$11.00 billion.[-] million US dollars converted into [-]% of the shares.

Similarly, the shareholding ratio of the original shareholders is also diluted accordingly.

(End of this chapter)