Wind Rises 2005

Chapter 596 Hermaphrodite

Just as the directors of Twitter were shocked by Ma Liang's words, an uninvited guest was answering a mysterious phone call next door to the large conference room.

"You greedy guy, I have already offered Zynga a price of 12 billion US dollars, isn't that enough to satisfy your appetite?"

"Dear Mr. Zuckerberg, do you think $12 billion is a lot?

We must know that Zynga's total revenue this year will definitely exceed US$1.5 million. Based on this alone, its valuation in the capital market can reach US$20 billion.

Isn’t it too presumptuous to want to acquire us for a mere US$12 billion? "

Anyone who is familiar with the call will know immediately that both parties on the call are acquaintances. One of them is Zuckerberg, the founder of Facebook, and the other is Mark Pincus, the CEO of Zynga.

The two are still arguing about the acquisition, and Mark Pincus obviously has no sincerity.

“Asshole, did I mean that?

2 million in cash, plus one billion dollars in Facebook stock, this concept is completely different, okay? "

Zuckerberg’s words were sincere and sincere, and there was no hypocrisy at all.

After all, 2 million in cash plus Facebook’s stock worth one billion US dollars is definitely more attractive than a valuation of US$ billion at this stage.

Although Xiao Zha only exchanged one billion US dollars of Facebook stock for Mark Pincus, once the acquisition is successful, Facebook's valuation will also rise.

So in the long run, this deal is definitely a good deal, after all, Facebook's stock is much more valuable than Zynga's stock.

With such an attractive offer, I have to say that Xiaozha was absolutely 120% sincere in acquiring Zynga.

But his sincerity was destined to be wrongly paid, because the other party had no intention of selling it at all.

After hearing this, Mark Pincus couldn't help but be moved by the other party's sincerity, and he couldn't bear to deceive him anymore: "Okay, let me think about it for two more days..."

"Fuck, you've been thinking about it for a month or two!" Zuckerberg was so angry that he cursed on the spot.

Seeing that it was his turn to star in a big drama soon, Mark Pincus was too lazy to deal with the other party and just pretended that the call was disturbed.

"Hey, hey, my signal here is not good, let's talk about it later!"

After saying that, he hung up the phone and looked at the other phone that was recording at hand. It was the iPhone 3G trial phone given by Boss Qiao when he attended the Apple Developer Conference yesterday, and he smiled mysteriously.

"Feed you son of a bitch."

Classmate Xiaoza could only roar incompetently on the other end of the phone, almost vomiting blood.

……

Mark Pincus was having an affair with Zuckerberg, but everyone in the conference room was completely shocked by Ma Liang's speech.

Mergers and acquisitions are already commonplace in the venture capital circle.

Everyone is a veteran in venture capital, so how could they not understand this? However, no one even thought about letting Twitter acquire Zynga.

It's not that I don't have this professionalism, it's mainly that I've fallen into a blind spot in my thinking.

After all, Twitter and Zynga are now strategic partners, and most people won't think about it at all.

Not to mention that although Twitter is still relatively well-off at the moment, it is still far away from acquiring Zynga and does not have the strength at all.

As for share exchange mergers and acquisitions, that is even more impossible.

Because Twitter is in a period of ultra-rapid growth, its future imagination is unlimited, and its stock will only become more and more valuable.

Going for a share swap merger with Zynga now is definitely a loss-making business.

As long as it takes another two or three years, when Twitter really grows, acquiring Zynga will definitely not be a big problem.

After all, Twitter may have already gone public by then, and with a lot of cash on hand, why would it need to exchange shares for mergers and acquisitions when it is so wealthy?

So after listening to Ma Liang's words, most people would not be able to guess his true purpose.

Jack Dorsey was the first to ask: "Marlon, this joke is not funny at all.

Let’s not talk about whether Zynga is willing to sell it. Even if it is willing, we don’t have the strength to complete the acquisition now! "

"That's right, not to mention Twitter's Series B financing is coming soon, this is the most important thing right now. Even if you want to acquire Zynga, you should wait until the financing is completed before considering it!"

Ivan Williams also echoed that the most important thing in his mind at this time is the next financing matter.

As long as Twitter can raise enough funds in this round, it will be completely invincible.

From now on, no matter Facebook or Zuckerberg, they will all be the stinky younger brother.

As one of the founders of Twitter and the chairman of the company, he will need money and fame.

As for acquiring Zynga, that's not his concern at this moment.

Evan Williams's little calculation was indeed a good one, but he didn't think about human nature, and he didn't expect how big of a reaction Ma Liang's bomb would cause.

As soon as he finished speaking, he heard Gene Sabet, a partner at Spark Capital, retort:

“Ivan, that’s not what you said.

At least in my opinion, acquiring Zynga first is not a bad thing. ” ˜ ˜ “I also support the acquisition proposal of Zynga, and I second it with both hands. "Fred Wilson, a partner of Heguang Investment, immediately followed suit.

These two people are both old foxes. After thinking about it for a moment, they smelled the smell of profit.

Evan Williams became angry on the spot when he heard this: "What the hell? It's easy for you to say, what should we use to acquire it? Should we exchange it for shares of Twitter?"

After saying that, he turned his face towards Ma Liang, wanting to see what this most important investor meant.

It's a pity that Ma Liang didn't even have the slightest expression and just sat there pretending to be dumbfounded.

Comrade Da Yiwan has already taken the initiative to talk about the stock exchange and merger. I don't know how much trouble it has saved him. Why does Ma Liang need to make trouble again?

"Haha, Big Ivan, it seems you are not that stupid. Didn't you just tell the answer yourself?"

Angel investor Navar Ravikant was also an investor in Twitter's previous round. Although he was slower to react, he finally understood and immediately stood on the side of capital.

Not only did he express his support, he even helped all the capital parties make fun of Big Ivan.

The other investment tycoons also understood the profound meaning of Nawal Ravikant's joke and responded with all kinds of comments.

Don't look at this sudden increase in valuation, which seems to make it more expensive for everyone to buy more shares in this round, but as long as Twitter's valuation can continue to skyrocket, everything will be okay. Son.

Equity investment is about principal and rate of return, and it doesn’t matter what the unit price is.

As for the specific proportion of shares that can be purchased, it does not affect investment institutions in making correct decisions at all.

This is why in later rounds of financing, the valuation is obviously higher and the unit price of equity is more expensive. There are still so many investment institutions willing to step up and spend dozens of times the price to acquire less than 1% of the shares.

It's because everyone doesn't care about the number of shares they hold. What they really care about is the rate of return.

Most investment institutions don't think about controlling the startup companies they invest in. It doesn't matter if the share ratio is more or less.

As a result, the investors present expressed their support and wanted to see the transaction proceed immediately.

Seeing that the situation was not going well, Evan Williams was the first to jump out and object: "Hey, hey, hey, let me tell you, everyone is taking it too much for granted!

Zynga may not even be willing to sell it, so why are you all working so hard? "

As one of the largest shareholders of Twitter, he is naturally unwilling to use his shares to make a swap merger with Zynga at this stage.

After all, for investment institutions, Twitter is just a failed business.

But for founders like them, what they sacrifice is the proportion of shares they hold.

Although the valuation of Twitter will increase with the completion of the merger and acquisition deal, it always feels like a big loss for Big Ivan, who holds nearly one-third of Twitter's shares, to do such a transaction at this time. .

After all, the more shares you hold on hand before listing and as little as possible to be diluted, the greater the wealth you will gain in the future.

The interests of founders and investment institutions are sometimes not consistent.

Ivan Williams's ridicule made the investment tycoons present turn their attention to Ma Liang again.

After all, as the initiator of the merger proposal, how could he say it without any confidence.

And everyone knows very well that [Gale Capital] has invested in an angel round of Zynga before.

So at this time, the capital bosses were all looking at Ma Liang in a daze to see how he would respond.

"Why are you all looking at me like that?" Ma Liang responded nonchalantly, "Why don't you just call Mark Pincus over and ask that guy yourself!"

"Hurry up!"

"Shout. Shout."

"Yes, I believe that as long as the price is right, nothing is non-negotiable!"

"That's right, that's right. Just call us over to discuss it in person. As long as you are willing to talk, we can wait as long as you want today."

The investors present suddenly became excited again, as if their hopes were rekindled, and they all started to encourage.

Ma Liang was also happy to see a group of capital tycoons being so shameless.

So he replied easily: "Then you don't have to wait too long, Mark Pincus is waiting outside now!"

As he said this, he motioned to Jennifer, and she took out her mobile phone and dialed a number.

At this time, the expressions of everyone in the conference room became even more exciting. The investors were naturally full of pride, but the faces of the four Twitter giants were not to mention how ugly they were.

Especially Ivan Williams looked at Ma Liang with guarded eyes.

He really didn't expect that the young investors he had always trusted so much would actually play tricks on them, not only in front of their faces but also behind their backs, and even asked Mark Pincus to wait outside in advance.

How grateful I was to Ma Liang before, now I feel so resentful.

Isn’t this a pure hermaphrodite!
-

PS: Big chapter, the next chapter will be a little late, sorry!

(End of this chapter)