Chapter 900

Seeing Elon Musk was a little disordered, Li Mu's expression of thought was even more serious.

Elon Musk looks at Li Mu with a tangled expression. Although the two have been communicating through translation, the language is different and the expression has no boundary. He can clearly see that Li Mu's face has determined his own appearance.

Originally, I came here all the way to touch a porcelain. I used Li Mu's momentum to frighten eBay. It won't hurt Li Mu. Besides, I had sent someone else's love before and let me use his momentum to bully others. That's fair.

However, Elon Musk didn't expect that Li Mu had set up a game for himself, and he was waiting for him to come all the way.

Thinking of this, and seeing Li Mu's relaxed and confident face, Elon Musk can't help admiring Li Mu. This 20-year-old is really extraordinary.

From admiration to admiration, Elon Musk was somewhat depressed. He was 31 years old this year, 11 years older than Li Munian, but he put it in his pocket, which brought a considerable blow to his self-confidence.

After a positive adjustment, Elon Musk asked Li Mu, "Mr. Li, you are so optimistic about paypal?"

Li Mu smiled: "I'm really optimistic about it. In my opinion, the payment channel is a very important part of the development of the Internet industry in the future and the key to get through the Internet and user wallet. If PayPal is sold to eBay in full package, in the first few years, the platform of eBay can indeed bring better development opportunities to PayPal, but with the lack of Internet Without development, one day, Paypal will surpass eBay's pattern and framework, and then it will be separated from eBay and become an independent payment channel. At that time, PayPal's valuation will be more than ten times the current value. "

Elon Musk looked at Li Mu, nodded earnestly, and said: "what Mr. Li said is true. I personally think Paypal will have more development space in the future. However, as far as the current situation is concerned, we realize that with our ability, we can't help Paypal to continue to improve significantly. Moreover, if he can't buy Paypal on such a large platform as eBay , we will definitely create another PayPal, so our only choice right now is to sell PayPal to eBay or other large platforms, which is the best solution for everyone. "

Li Mu nodded: "that's right, but I still say that eBay doesn't have to buy PayPal wholly. For them, as long as they have an absolute holding right in PayPal, it's enough. In this way, their own needs are absolutely satisfied, and they don't need to re build a new management and operation team around PayPal. Moreover, YYY of Muye technology now The development momentum of the world's elites is very good, and they will gradually master more overseas user resources in their hands. If Muye technology and eBay can jointly invest in PayPal, and both sides invest more resources to PayPal together, it will certainly make PayPal a higher level, which is much better than simply selling PayPal to them. "

Elon Musk frowned for a moment and nodded softly: "you're right. In this case, eBay really doesn't need to buy PayPal wholly. As long as they have the absolute controlling right, they can have a good sleep. As for the joint stock ownership you said, I think it's feasible."

Li Mu said: "my favorite is that we three share ownership. Imagine that if Paypal will be held by eBay in the future, Muye technology and members of your original team share ownership, the company will still be managed by you. This can also ensure that PayPal develops on the most correct road, rather than being taken by eBay and temporarily assembling a team that doesn't know how to pay to operate." 。”

As he said, Li Multon said again: "the cash invested by eBay and I not only can make the capital behind you withdraw completely, but also give your original teams the chance to cash out first, and then reserve some shares for you. Then eBay and I can import the resources of overseas markets into PayPal together, backed by these two platforms Source import, PayPal's valuation can be further improved, and the shares you hold will be more valuable. "

When Elon Musk heard this, he was already surprised and excited. At first, he just wanted to sell PayPal to eBay. According to his 11.7% shareholding ratio and the valuation of $1.5 billion, he could get $175 million in cash, which is absolutely a huge sum of money for him. When the money is obtained, he can invest in other businesses and fight again in another field 。

However, Li Mu's words opened a new window for him. If it was a three-party joint stock ownership, assuming a valuation of $1.5 billion, if all the capital behind PayPal was withdrawn and 50% of the shares were sold by himself, then he could cash out about $90 million, and still hold nearly 6% of the new PayPal's shares. It seems that there is no change at that time, but it seems that For PayPal, the valuation will be greatly improved!Only PayPal is worth $1.5 billion. PayPal, which is jointly owned by eBay and Muye technology, and which import resources together, is worth more than that. With such good news, it may even double in a short time!

In this case, I've got 90 million dollars in cash, and it won't be long before PayPal's market value breaks through 3 billion dollars, and the remaining 6% shares will have 180 million market value again, which is a lot of imagination space.

Elon Musk is also very clear in his mind that if he has already had $90 million in cash, he has no need to continue to cash in at all, the remaining shares can be held all the time. With the continuous improvement of PayPal's market value, the market value of the remaining shares will continue to rise.

At present, Elon Musk is not such a powerful industry tycoon in the future. His first bucket of real gold has not yet arrived, and he is waiting for PayPal to cash in.

He could have realized 175 million yuan through PayPal, but Li Mu's proposal gave him a new direction and a bigger imagination space, so he had a great interest in Li Mu's proposal.

To understand this, Elon Musk sat up straight and asked Li Mu with some emotion: "Mr. Li, how do you think you can make eBay accept this tripartite shareholding model?"

Li Mu said with a smile: "it's very simple. I prepared a work meal at noon, and I will be interviewed by the domestic media at that time. I will release a clear message through the media: Muye technology is considering holding PayPal, and the original team of PayPal is also looking forward to Muye Technology holding. In this case, eBay will be in a hurry. They should come to you directly, or maybe They will look for Muye technology directly. In a word, they will not watch Muye technology holding PayPal

Elon Musk nodded and said that Li Mu had been ready for a long time. Now that he had been involved in the suit, and the suit was likely to bring greater benefits to himself, he was also willing to jump in, so he couldn't hide his heart and asked: "if eBay comes to us directly, how can we reply to make them agree to the final cooperation mode? ”

Li Mu said: "it is said that Muye technology is ready to hold PayPal after the c-round financing is reached, but Muye technology's attitude is very clear. If eBay is still interested in PayPal, Muye technology can unconditionally give up the controlling shares to let them hold the shares, but for the future development of PayPal, they must accept the three-party shareholding mode. As long as they agree to this model, we can talk about further cooperation. "

As he said, Li Mu slowed down and said: "once you become partners, Muye technology can not only import resources to PayPal, but also to eBay. YY can cooperate with them to promote eBay in any country other than China. At the same time, we hope that eBay can also regard Muye technology as a strategic partner, so that eBay and YY can jointly promote Under the premise of PayPal's development, realize mutual promotion. "

"In this way, it's more beneficial for eBay as a whole. After all, YY is developing very fast now, and Muye technology has not yet made its own efforts. Everyone can see the huge potential of Muye technology. I believe eBay will not refuse it," said Elon Musk

"As long as eBay turns around, it will realize that absolute holding is enough for them. Two companies and a team function can build PayPal. Through the cooperation of this product, the two companies can also cooperate at a larger level. EBay will be very interested in it."

Elon Musk also clearly realized that Li Mu's proposal is a win-win situation for his group of founders, eBay and Muye technology, which is equivalent to that everyone works together to label PayPal more, so that it can get higher recognition in the capital market, which he will not refuse in the first place, and he is very looking forward to.

In addition, if eBay and Muye technology reach cooperation on PayPal in the future, it will be equivalent to using PayPal to realize the marriage of the two companies. This is great good news for both companies, and both companies will get more profits in the capital market in the future.

The most important thing in the capital market is that they can tell stories and play with concepts. For big companies like Muye technology or eBay, if they are tied up with each other, even if they are just hype, they can get higher recognition in terms of capital.

Elon Musk asked Li Mu, "Mr. Li, what is your preferred share ratio?"

"I tend to take a 29% stake in PayPal," Li said

As soon as Elon Mascherano calculated, he couldn't help marveling at Li Mu's astute calculation.

Since eBay absolutely controls shares, it must be at least 51%. Li Mu must have the mindset of letting eBay take 51% of the shares, so he started to take 29% of the shares. This means that after two big companies take shares, the shares left to the original team are only 20% at most.At present, including Elon Musk and Peter Teer, the shares of the original team are about 40%. If they are diluted to 20%, they will be able to cash out half of their shares, which is similar to what they calculated before.

Li Mu has also calculated an account in his mind. If he wants to invest 29% of his shares in Muye technology, he will invest 435 million dollars in cash. Even if he kills himself, he can't afford so much money, but it doesn't matter. Because of the popularity of YY in the overseas market, the overall valuation of YY is almost changing day by day.

The other day, the capital market's intention to value Makino technology is still around us $6 billion. In recent days, YY has not only continued to develop rapidly in the US market, but also spread rapidly to all developed countries around the world, and even made a recharge record of more than US $10 million a day. Because YY's value-added services are paid on a monthly basis, this means that the future income stream of YY Water is secure enough, so it's worth at least $7 billion.

If the value of $7 billion is to be diluted by 10%, it will be enough to buy PayPal by himself. However, Li Mu is more astute in his calculation. He does not want to raise money first and then buy shares. He prefers to sign an agreement with eBay and paypal team first and then raise money, because once the announcement of Muye technology, he will cooperate with eBay and co invest in PayPal, which is such a good news for the value of Muye technology, Ken Must also play a wave of pull!