Age of Dreams
Vol 2 Chapter 9: Small acquisition (below)
"How to calculate the valuation?" After a period of silence, Wang Yun finally talked about a real problem. 【【,
"According to the detailed investigations of several consulting companies that we commissioned, and calculating according to the current market share, positioning, revenue, etc. of Dazhong.com..." Zhou Bo said while handing them the thick information. "Our The valuation is about 6 billion yuan. If you can come up with better data than the above, then we can discuss it."
Wang Yun, Wei Zhangbei and several senior executives took a serious look at the information.
Of course, they knew everything about Dazhong.com, but looking at the information that Zhou Bo handed over, they couldn't help taking a breath.
There is no reason. The information listed above is really too detailed.
Whether it is revenue, expenditure, market share, etc., they are all clearly written, and they are much more accurate than the summary materials made by Dazhong.com.
Moreover, the price of 6 billion is not without exquisiteness.
In fact, the current valuation of Dianping.com, from the contacts of several angel investment companies, can probably reach RMB 5 billion.
However, the valuation of RMB 5 billion is only for the convenience of angel investors to raise funds and obtain shares.
Now; given 6 billion, the valuation has already risen by 20%, but it is just in line with the rule of paying more for the acquisition.
One is a share purchase, the other is a wholly-owned acquisition, and the price is naturally different.
Dianping.com is certainly one of the three largest online group-buying websites in China, but the problem is that the current group-buying market is far less than it will be four years later.
After all, the current habit of online group purchases is not so regular in China. After more than a year of group buying inspections, many people do not like group purchases online. This is related to business ethics in recent decades. Why in Europe and the United States can develop so quickly, the reason happens to lie in the good business reputation of the United States and Europe.
Xiao Qi knew that in the future, Dianping.com, after fully integrating computer and mobile users, will reach a valuation of more than 30 billion, but now they are worth 6 billion.
Wang Yun and the others also have a full understanding of this.
"I heard that Qi Shao and Ms. Tang acquired certain shares in the company. Both can allow the management to obtain certain shareholdings. I don't know if we will have this kind of benefits after the wholly-owned acquisition?" Wang Yun did not object to the purchase price. , But raised another question.
"These management holdings all have certain conditions of satisfaction." Zhou Bo does not deny, "but it depends on the strength of these acquired companies, and on the other hand, it depends on their contribution to the company. If your contribution is earned by the boss Recognition, then it’s totally possible to get the company’s shares."
Wang Yun and the others nodded slightly as they listened, but they were inevitably disappointed in their hearts.
They originally thought that after the company was acquired. If you wait for someone to get about 10% of the shares right away, and then become both a manager and a minority shareholder, your life will be very moist.
But it was unexpected that Tang Mingxiang didn't give shares from the beginning. This was different from the fairy company or Mingxiang Venture Capital model they had learned about.
But when I think about it, this is very normal.
Unless they are very, very optimistic about the abilities of these managements, the shares given to them at the beginning are either not rigorous or somewhat trifling.
Tang Mingxiang is certainly not one of the two. On the contrary, she is still very smart, so there may be a performance appraisal. Only successful can get shares and greater power.
Would you like to say that a group of entrepreneurial leaders of Dianping.com are willing to sell their shares?
Of course I do!
On the one hand, entrepreneurs in China, they started with full of enthusiasm. After working for a period of time, they will find that their overall view and ability will not keep up, and it will be easy to establish the company. Brought to the point of decline.
on the other hand. The purpose of entrepreneurs in Huaguo is not to "change the whole world" like Qiao's gang leader, and it is absolutely impossible to "increase the competitiveness of Huaguo's electronics industry" like Xiao Qi. They are more to make money and make Make a fortune by yourself. Become a prestigious wealthy man, shining ancestors and ancestors.
Unlike the previous life, because it saw the prospect of group buying websites, Dianping did not launch its first financing in 2007. Instead, relying on the efforts of several founders, through borrowing money and loans, etc., it finally made it difficult. To the point where it is now slightly profitable.
Therefore, 100% of the shares are in the hands of a group of management.
If you sell these shares, you can get three to five billion yuan for the few, and one billion yuan for the more, and even Wang Yun can get more than 2 billion yuan. This is a very large asset.
With this money, even if they do nothing for the rest of their lives, they don't have to worry about life problems at all.
Besides, Zhou Bo also said that after he sold the company, he would still hire their management team and let them be responsible for the development of the Chinese market. Not to mention the high salary and the high salary, there will be additional share awards if they are done It is also a very attractive condition!
The most important thing is that Wang Yun and the management team have made Dianping.com where it is now. When they encountered strong attacks from Meituan and Nuomi, they no longer have the confidence to develop Dianping.com.
Since they have lost the pioneering courage to start a business, they don't have too much attachment to Dazhong. After the sale, being a senior professional manager is also a very decent and rich job.
"I know what Miss Tang meant." Wang Yun looked at himself and said in harmony: "Zhou President, you have been working hard from a long distance. Please go to the hotel and rest for a while. Let's discuss it here. We will have dinner in the evening. At that time, we will give you an accurate answer, do you think it is okay?"
When facing Zhou Bo, Wang Yun didn't have any advantage in power, so he was naturally very polite.
Moreover, the time given by his reply was not delayed. He wanted to come because he knew that Zhou Bo did not have such good patience.
As for the handover of the company, there is no need to rush. After the intention is reached, the specific details need to be discussed for some time. The entire transaction is completed, and it must be done in April. Now the most important thing is an attitude.
"it is good!"
Zhou Bo nodded and said nothing.
In fact, it seemed to him that Tang Mingxiang didn't need to buy such a small company at all. Even if he didn't have a foundation in China, but the little boss had money, he would directly smash a Chinese version; it's not a problem at all.
What kind of business has to be done by yourself is the best.
However, out of Tang Mingxiang's request, Zhou Bo could only follow his orders.
...
When Zhou Bo left the meeting room accompanied by the manager of the public relations department, the expressions on the faces of the few Dazhong.com executives who remained behind became enthusiastic.
"Hehe, it seems that Tang Mingxiang really looks up to us!" CFO Zhong Cun took a sip of tea. "Although 6 billion is not too high, it is not far from our psychological distance. How about it? Do you want to fight for more? a bit?"
The founders of Dazhong.com were classmates when they were in college. After so many years of hard work, the relationship is very good. Of course, they will not be strange to each other.
Wei Zhangbei shook his head, "I don't think it should be done anymore. According to Tang Mingxiang's ability, with Xiao Qi's check, I'm afraid this acquisition fee can't be changed, and talking more will annoy them."
"I think so too." Lei Wantian, director of the logistics department, said, "To put it bluntly, we still lack the bargaining power... If it is ours, then we don't need to talk about acquisitions. It depends on whether we invest in capital or not. Are we happy?"
Everyone laughed as they listened.
Wang Yun smiled and shook his hand, "Since everyone thinks so, we agree on the price."
While several people agreed with their jaws, their faces burst into bright smiles again.
"However, although we can't negotiate on the price, we can still talk about other aspects." Wang Yun went on to change the subject. "As for the operation of Dianping.com, the investment cost, the treatment of a group of us, etc., we can talk about it. In the future details of the negotiation, I will talk about it well."
"But if we are like this, we won't make them unhappy, right?" Wei Zhangbei was very honest, then said, "Selling such a large sum of money, and retaining the current position, make too many demands, Tang Mingxiang. Does Bian think of us?"
"That's not true." Zhong Cun said, "I know Tang Mingxiang and her temper. This woman is famous for her boldness and is a heroine. As long as you have the ability and reason to do things, then she She doesn't mind. And most importantly, she has been developing in the United States, and her business thinking is very close to that of Americans. She doesn't dislike this normal bargaining method at all."
"That's all right." Lei Wantian reminded, "But we also have to consider Xiao Qi behind her... I really don't know ~www.readwn.com~ So she is Xiao Qi's woman! Thinking of being a fairy One of the company’s affiliates, I feel a little excited."
"Who isn't it?" Wang Yun smiled bitterly. "When I started my business, Xiao Qi was still in high school, but in just a few years, people climbed to such a high mountain, but I was still looking up from the hillside. Yes. I have to think that there is a kind of genius in the world that will make you out of reach."
Several people also agreed with Wang Yun's statement.
It is definitely anyone's dream that Xiao Qi's career can reach this stage.
Not to mention the fact that Chinese companies can't look up, and there are few companies in the world that can compare with the Fairy Company.
What is genius?
This is genius! !
Xiao Qi is a genius! ! ! (To be continued...)
ps: Forgot to thank the brothers of Xiucai Zongzi for the past two days, thank you for your gifts! ! u
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