Chapter 902

The news that Muye technology is going to hold PayPal is released by Li Mu and Elon Musk in Yanjing. Although Chinese people don't know Elon Musk very well, the media, especially online media, are familiar with Elon Musk. One of the founders and chief executive officer of PayPal came to China to look for Li mubai Wharf, which is not a small news in itself. What's more, it's also a big news It can improve the national self-esteem, so the Chinese media have shown great enthusiasm for it.

Elon Musk didn't want to show the meaning of worshiping the wharf so directly. Before he came, he just wanted to play for eBay, pretending to talk about paypal with Makino technology, but he was dragged into the car by Li Mu.

There's no way. Elon Musk can't refuse the offer put forward by Li Mu. If he and other PayPal teams want to talk about their shareholding with eBay, it's not very likely. They need to pull on the powerful and resourceful company of Muye technology to turn eBay into a car.

Therefore, after accepting the offer of Li Mu, Elon Musk has decided to fully cooperate with Li Mu and both sides will put eBay in the hole together. As long as eBay holds shares, everyone can benefit from it.

As soon as the news that Chinese enterprises are interested in holding American enterprises came out, there was a wave of public opinion upsurge in China. Recently, Li Mu has almost become a front page headline business in China. Every once in a while, he has to make some troubles to make people all over the country stand out. This time, even more so, most Chinese people don't know what PayPal is, let alone what it is Which onion is duelon musk, but as soon as I heard that it's an American company with a market value of more than one billion dollars, and it's also a special trip to China to find Li mubai wharf, we immediately started to take the initiative to understand paypal and see what kind of company this one was eager to hold Li Mu's thigh.

EBay is a multinational enterprise with a very sensitive access to information. In addition, eBay has its own branch in China, so it has a better understanding of the industry trend in China. When Meg Whitman is working overtime with the core team for a meeting, the head of eBay eBay in China has sent an email to Meg Whitman's assistant.

PayPal is the largest strategic layout of eBay at present. A billion dollar plate accounts for almost one tenth of the market value of eBay. If PayPal is taken at a reasonable price, it will benefit eBay a lot.

The biggest advantage of business is that it has its own payment channel, and this payment channel has a considerable foundation in the developed countries around the world;

the advantage of capital level is not to mention that eBay is a listed company, with a market value of 16 billion yuan, spending more than 1 billion yuan to buy PayPal, which can make a big news in the stock market and capital market It's also a great good news. The stock price will surge at least once. As long as the market recognition is high, it's easy to increase the market value by 20%, and it's not impossible to increase by 30-50%. The cost of the final acquisition is basically made up by the growth of the stock price.

The capital market is extremely sensitive, whether in the United States or in China. In China's stock market, if a listed company seizes the opportunity to tell a story to the people of the country, it's very easy to exchange a good news for several price limit boards. If Muye technology is an enterprise listed on the main board of China, it's not necessary to wait for the news of Elon muscby wharf If Muye technology really takes a stake in PayPal, it will bring a round of trading limit to Muye technology's shares.

However, the sensitivity of the capital market is also a double-edged sword. Positive news will increase the stock price and market value, and negative news will also reduce the stock price and market value.

Because of this, Meg Whitman is absolutely reluctant to see eBay Miss PayPal.

In her opinion, eBay has to take PayPal down. If the team of paypal with a price of 1.5 billion dollars disagrees, it will raise the price. In a word, PayPal must not fall into the arms of a Chinese enterprise.

The capital market now knows that eBay's purchase of PayPal has reached the most critical stage. For all eBay's shareholders and investors, they are almost waiting to open champagne to celebrate eBay's successful purchase of PayPal. If the last thing is a clean slate, once the capital market is disappointed, eBay's share price and market value will suffer this kind of negative Face emotional involvement.

For this reason, Meg Whitman told the whole core team with a cold face: "now is not the time to debate whether it is 1.6 billion or 1.7 billion to buy PayPal. The most important thing is to find out what the PayPal team thinks."

After all, Meg Whitman said to a white man in his forties, "Tom, PayPal's acquisition has always been you and the PayPal team have made such a big move. Do you have anything to explain?"

"In my opinion, PayPal team's bluff is also very likely. After all, Makino technology just announced the plan, not reached the real intention of cooperation," he saidMeg Whitman said: "if it was only Elon Musk who went to China to meet Li Mu, I would like to believe that they were bluffing and wanted to start the price, but now he and Li Mu have announced the news to the media, is it still bluffing? Li Mu and Elon Musk have no friendship. What's the reason to help PayPal bluff? "

"The key is that I really can't think of any reason why Muye technology can acquire or control PayPal at this stage. Their capital is not strong and they haven't listed on the stock market. It's only reasonable to use the capital to promote the core business," Tom said

Speaking of this, Tom added: "before Elon Musk went to China, our negotiations were all going according to the established route. Although they were not satisfied with our offer, we are the only one who can buy paypal for 1.5 billion dollars in the whole Internet industry. According to our speculation, the PayPal team should sign with us within one month Contract, but I didn't expect paypal and YY had a business connection suddenly, and there was some interaction between them. Then Elon Musk went to China suddenly. All of this happened suddenly, which was unexpected for us. "

Meg Whitman looked at him and frowned. "You've said so much to tell me you're not responsible for this, are you?"

Tom said: "since I am following up on this project, I will be responsible for any unplanned mistakes in the project, which I will never deny."

Seeing Meg Whitman's face softened a little, Tom continued: "I just want to say that we need to analyze the motivation of PayPal and Muye technology more deeply. If we only use money to buy shares or purchase, the PayPal team can't find an offer comparable to eBay anywhere. If Muye technology really wants to control PayPal, and PayPal is willing to give up the plan of package sale and let it go If Muye technology holds shares, they must have achieved cooperation at other levels, but we need to understand what level and what kind of cooperation they have achieved as soon as possible. "

Meg Whitman was awakened by Tom's remark.

From receiving the news, her heart was a little anxious. Suddenly, after the news that Muye technology and Elon Musk jointly announced their holding intention to Chinese media, she was a bit confused. For a while, she didn't think in this direction. Tom's proposal is very important. Now eBay has to figure out why PayPal tends to cooperate with Muye technology? What does Muye technology give them that eBay can't or hasn't put forward?

So Meg Whitman thought for a moment and made a decision: "you can get in touch with the key people of PayPal as soon as possible. Since Elon Musk has gone to China, you can find Peter Thiel. At this time, we don't need to be reserved any more and ask them what they want directly!"

In the conference room, another vice president suddenly said, "is it because they don't want to take PayPal out of their hands and continue to participate in PayPal's project on the basis of cash out when PayPal team talks with Makino technology about holding shares?"

Meg Whitman asked him, "you mean PayPal's team mostly wants to keep a stake in itself?"

"Yes." The vice president said: "we asked for a wholly-owned acquisition of eBay before. Although PayPal's team is also negotiating with us around the wholly-owned acquisition, for them, if they continue to be optimistic about PayPal's future, they certainly hope to continue to participate in PayPal to some extent and continue to enjoy PayPal's future, which will be more imaginative than the whole package and sale. ”

Meg Whitman's eyebrows immediately curled.

This theory is also very reasonable. The big capital behind PayPal must want to cash out, so it doesn't matter whether the earnings of cash out are from eBay or from Muye technology. As long as they can get satisfactory returns, even if the money is from Ben Ladeng, their profit seeking capitalists will not refuse.

But for the founders such as Elon Musk, they must have deeper feelings for the PayPal created by themselves. If they want to continue to hold some shares of PayPal and continue to blog in paypal for a longer-term future, this mentality can also be understood.

It's probably because of this mentality that Elon Musk made an agreement with Li muda to buy most of eBay's shares at the expense of Li Mu, and then the team will hold a small number of shares. In this way, both parties can achieve their goals. But if they cooperate with eBay, they can only sell all of their shares in a package. So, for Elon Musk, Muye technology is indeed It will be more attractive than eBay.

Thinking of this, Meg Whitman immediately said to Tom, "Tom, you'd better talk to Peter Teer. If you can negotiate a 100% wholly-owned acquisition within $1.8 billion, if they want to keep some shares, then talk to them about holding shares. In any case, we must not miss PayPal. The worst result I can accept is eBay holding PayPal! If you can't even achieve this goal, you should prepare for the work handover! "