Age of Dreams

As the saying goes, there is always a place to make up for a frustrated love scene.

Wade of Citibank was commissioned by Xiao Qi to acquire this social networking site that focuses on professional categories, but exhausted all methods.

Citibank’s various contacts and resources, Wade’s own contacts, and some friends...he used all of them anyway.

The largest shareholder of PayPal has three people: Reed Hoffman of PayPal, an investment company and former executive Jeff Werner.

At the beginning, it was the easiest to deal with. After paying a price of 120 million U.S. dollars, 30% of the shares in his hand went to Xiao Qi’s hands, and this was compared to the 5 million U.S. dollars they invested in 5 years. In all, there is a full 24 times the gain.

Hoffman and Werner are not good at talking.

Hoffman, who holds 40% of the shares, made a fortune when EBAY acquired PayPal in 2002, and then founded it. He is not short of money now.

Another Werner from Yahoo, who also values ​​his career more than money, has not considered selling his 30% of the shares.

Fortunately, Citibank, known as the most pervasive bank, is also one of the most famous banks in the world. They gathered countless resources and spent a whole month, finally through various negotiations and promises, as well as continuous Xiaoqi communication. , And finally let the acquisition case have a rough result.

I have to praise Citibank. Although they competed with Xiao Qi on the oil gambling gambling, they still put all their efforts into other irrelevant commissions, and they deserve to be called "the most professional bank in the world."

Hoffman and Werner finally agreed to sell their shares. It was built on the basis of Xiao Qi's constant retreat.

Originally, Xiao Qi bought shares at 20 times their operating income of 10 million U.S. dollars last year. For a company that is not listed, 20 times its revenue, or 200 million U.S. dollars, is already a very good price.

However, because Xiao Qi was afraid of accidents, he eventually even increased his revenue to a maximum of 40 times, that is, 400 million US dollars for a wholly-owned acquisition.

It was defeated just before the price of 40 times the revenue. Sold 30% of his shares.

But the remaining Hoffman and Werner, even if their revenue increased to 40 times, or even 50 times or 60 times the revenue after the emergency communication, they did not move them.

Realizing that the two were not so easy to deal with, Xiao Qi began to give in.

Through various channels of negotiation, Wade learned that the two really wanted to do this well. It's not just about wanting money.

Then Xiao Qi decided to put his annual investment of no less than 100 million U.S. dollars, and directly raised the upper limit to 300 million U.S. dollars at the end. There is no time limit, so many years will do.

In this way, Werner is very satisfied, investing 300 million US dollars in doing things every year. Enough for him to plan well and develop it even stronger.

The largest shareholder Hoffman, because of the previous acquisition of PayPal, he doesn't like the listed company much. He doesn't like the 10% of the shares given to them after the listing.

So Xiao Qi simply gave him a promise that if it were not for the company's management to file a listing request, then he would never let it go public and would exist as a purely private company.

And Xiao Qi promised. As long as the two want to go on, they will not change their status.

Hoffman was therefore satisfied, and finally, together with Werner, sold most of his shares at a valuation of $600 million. It's just a token of 5% each.

The reason is actually the current one. It is just one of the thousands of social networking sites. It is far from being as eye-catching as the boss, etc., but a little bit characteristic is the various contacts they have established for the professional population. The circle concept is nothing more.

No matter how confident Hoffman and Werner are in their development, they would never expect that in six years, their company will have a market value of more than $25 billion and become a giant that cannot be ignored in the social networking industry.

Without knowing the future, the two of course couldn't refuse such a sincere acquisition by Xiao Qi.

So, plus the handling fee, plus the commission to Citibank, plus the gratitude fee to Wade, Xiao Qi used a high price of 560 million US dollars to get 90% of the shares. And in the first time, Xiao Qi injected 300 million US dollars of funds through Citibank.

After the transfer of the shares was completed, Xiao Qi also assured Hoffman and Werner that within five years, all the funds that Xiao Qi invested would not diminish their shares.

In other words, Xiao Qi's capital injection to the entire company has reached at least 1.5 billion, plus his purchase of 560 million shares, the actual value should be at least 2 billion US dollars ~ www.readwn.com ~ 5% of the shares. That is 100 million U.S. dollars, and their 5% shares have tripled out of thin air.

The key point is that Xiao Qi only said it after the transaction was completed, not before the negotiation, as a condition of the transaction. This made Hoffman and Werner feel very good, and they felt that Xiao Qi was indeed Xiao Qi. , Sure enough, there is a courage that no one else can have.

As a result, the two people's hearts became more solid, and they concentrated on trying to make it a dazzling presence in the social network.

By the way, this transaction Xiao Qi gave Citibank a total of 58 million U.S. dollars in commission, and Wade Private also received a reward of 2 million U.S. dollars.

The 2 million US dollars are all US bearer Treasury bonds, with a face value of 5,000 US dollars, which can be packed in a large envelope. There is no tax calculation, no need to worry about the tax bureau. When needed, it can be directly circulated in the global market Realization is really the best tool for bribery and black-box transactions! (To be continued. If you like this work, you are welcome to come to the starting point () to vote recommended votes, monthly tickets, your support is my biggest motivation. Mobile users please go to read.)

PS: Brothers, Xiucai wrote a very important chapter at the back, please take a look at it, thank you! ! !