You call this entrepreneurship?

Chapter 334 Spend Your Money to Do My Business
Davis glanced at Qin Shaoyan and felt puzzled. "John, what do you mean by that? I don't have $300 million to lend you."

"But Microsoft has it." Qin Shaoyan said with a smile, "You are from Microsoft's investment department, so you should be able to borrow $300 million temporarily, using YouTube shares as collateral."

"It's no problem to borrow $300 million." Davis frowned, "But why did you do this? You can raise funds, right?"

"Financing is not possible. There are too many procedures and the review process is too long. It's too troublesome." Qin Shaoyan spread his hands and said, "This matter must be resolved quickly to avoid any more trouble."

"So what are you going to use to pay back the $300 million?" Davis asked curiously, "Are you not going to pay it back?"

"How is that possible? I have a very good business reputation." Qin Shaoyan said seriously, "After the acquisition is completed, I will sell YouTube to Microsoft, so that I will have money to pay back to Microsoft."

"..."

Davis was stunned, a little confused, and then began to sort out the logic here.

YouTube borrowed money from Microsoft to acquire iQiyi, and then sold YouTube to Microsoft.

Finally, use the money Microsoft used to buy YouTube and then return it to Microsoft.

So what does this mean?

Davis asked in confusion, "John, what are you doing?"

"Of course I am fulfilling my promise." Qin Shaoyan smiled slightly, "We agreed at the beginning that YouTube would acquire a Chinese video website and help it enter the Chinese market, which would help improve its valuation."

"I have also promised Mr. Bill Gates that I would give priority to selling YouTube to Microsoft."

"Look, what a perfect deal."

Perfect you bastard!
Davis thought more and more that something was wrong. "John, what nonsense are you talking about?!"

"Why did I start Yiku.com in the first place? Wasn't it because buying Qvod.com for $300 million was too expensive?" Davis said angrily. "Now I have to spend another $300 million to buy Yiku.com, which is not as good as Qvod?"

"It's a different time now." Qin Shaoyan spread his hands, "If you had been more decisive at that time, maybe you would have acquired Qvod.com. Now the valuation of Qvod.com is at least 600 to 800 million US dollars."

"If you calculate it this way, you've gotten a great deal by buying Yiku.com."

Davis laughed angrily, "Why can't I see how I got the upper hand?"

"The current value of Yiku.com is more than 60 million US dollars." Qin Shaoyan said confidently, "According to the million US dollars valuation of Qvod.com, Yiku.com is valued at % of Qvod.com, which is million US dollars."

"So, a $300 million acquisition can save a little over $800 million."

"The most important point is that Microsoft owns one-third of the shares of E-cool.com. In other words, you only need to pay $200 million to acquire E-cool.com, which is valued at $480 million."

"Rounding it off, you saved $300 million, which is equivalent to not spending any money."

Davis stared at Qin Shaoyan for a while with his eyes wide open, and asked tentatively: "John, are you kidding me? I admit that this joke is funny. Can we talk about business?"

Qin Shaoyan said seriously, "I am seriously discussing an important business acquisition with you."

"YouTube plans to sell to Microsoft for $23 billion. I have discussed this with other shareholders, and then I will discuss this with Mr. Bill Gates."

"I think he won't refuse this price."

Davis frowned. He also felt that Bill Gates would most likely not refuse.

Since they have accepted the price of $20 billion, an extra $3 million is nothing.

So is YouTube worth $23 billion?

Video websites are a very popular concept nowadays. Many people want to get involved in this field, but YouTube has achieved absolute dominance in the market.

The offer of US$23 billion certainly has some premium, but it will not be too much. If we add a video website ranked second in the Chinese market, it will be even more cost-effective.

The good news after Microsoft's acquisition also had a great stimulating effect on the stock price, so it is very beneficial to Microsoft.

What's more, although it seems that Microsoft paid 23 billion US dollars, Microsoft also has shares in YouTube and iQiyi.com, which can be converted into the performance of the investment department, and the rate of return is quite considerable.

If successful, Davis will even complete next year's KPI ahead of schedule.

Seeing that Davis remained silent, Qin Shaoyan immediately brought out another explosive piece of news.

"Davis, there is something very personal that I want to inform you of in advance." Qin Shaoyan pondered for a moment, "It is related to this acquisition."

"What's the matter?" Davis asked absentmindedly.

"Mr. Chen Guangxia, the CEO of Yiku.com, wants to retire early due to health reasons. Starting a business has brought him great mental pressure." Qin Shaoyan sighed, "Also, the long-term and ultra-intensive work has affected his physical health. He decided to quit early." "Just quit if you want to." Davis felt strange. Why did he have to tell him about this.

After a while, Davis shuddered, sat up straight, and stared at Qin Shaoyan, "John, you just said to withdraw early? What does that mean?"

"It means exactly what it says." Qin Shaoyan said with a smile, "He wants to leave Yiku.com as soon as possible. He is not interested in the acquisition."

Davis' eyes widened, and he asked excitedly, "Is he going to sell his shares in advance?"

"If the price is right." Qin Shaoyan nodded with a smile.

Davis continued to ask: "Who knew about this?"

"Him and me." Qin Shaoyan pointed at Davis again, "And now you."

"Only three people?"

Qin Shaoyan shrugged his shoulders. "That's the case so far. It's hard to say what will happen next."

Davis stood up from the sofa, paced back and forth in the office, and fell into deep thought.

Qin Shaoyan remained silent, watching Davis's intense ideological struggle.

After more than ten minutes, Davis stopped and stared at Qin Shaoyan with red eyes, "John, we are friends."

"Of course." Qin Shaoyan nodded and said seriously, "A very good friend."

"You have to help me." Davis gritted his teeth and said, "I have a friend who I think would be interested in what Mr. Chen has. Help me get it."

"Just ask for whatever conditions you have."

"We are friends, and we should help each other." Qin Shaoyan said with a smile, "Just think of it as you owe me a favor."

Davis asked again, "How much do you want?"

"I'm thinking about selling YouTube to Mr. Bill Gates smoothly and fulfilling my promise." Qin Shaoyan still smiled and said, "This is a win-win situation."

Davis immediately understood that as long as YouTube could be sold, compared with the profits Qin Shaoyan could obtain, Yiku.com was nothing.

"So how much does he want?" Davis pointed outside.

"10%."

"Thirty million dollars?" Davis frowned.

"No." Qin Shaoyan reminded with a smile, "There is still $100 million that belongs to Microsoft. We have to follow the rules."

Davis nodded and smiled. "Yes, we have to follow the rules. Twenty million dollars is a suitable price."

Davis then became a little worried and asked again, "Can Mr. Chen accept this?"

"He and I are friends. I will talk to him." Qin Shaoyan said confidently, "I am confident that I can convince him."

"Oh, there's one more thing."

"Please speak." Davis looked at Qin Shaoyan curiously.

"The data on Yiku.com actually has problems. If it is audited in the future..." Qin Shaoyan expressed some concern.

"It's okay, the people at Yiku.com will take care of it." Davis laughed and said nonchalantly, "They are all my people, it's just a small matter."

Qin Shaoyan nodded, "If something goes wrong, do we need some people to take the initiative to take responsibility?"

"Of course." Davis nodded.

"I think Fan...Fan Wencheng is quite suitable." Qin Shaoyan said with a smile.

"OK." Davis gestured very casually.

Qin Shaoyan stood up and stretched out his hand, "Then I wish us a happy cooperation?"

Davis also held Qin Shaoyan's hand tightly, "John, my friend, I wish us a happy cooperation!"

"It's a pleasure to work with you." Qin Shaoyan showed an innocent smile, "We are friends."

(End of this chapter)