Robin was out of shape when he was talking behind closed doors.

His mind has been thinking, thinking, he wants to understand a truth.

We need to find a backer on both sides. We need to find the best one.

Who is the biggest?

De Fengjie's total disposable capital is also less than one tenth of Li Mu's value. At this time, Li Mu is the best choice.

Li Mu is a strong man, sometimes he often recruits at the expense of others. However, Li Mu is sure that he won't kill the people standing behind him. On the contrary, as long as the people standing behind him don't adjust the demons and moths, and keep up with Li Mu's development step steadily, they will get unexpected huge gains.

Of course, if you want to get on Li Mu's boat and become a member of Li Mu's great ecology, you must sacrifice enough shares to Li Mu in order to exchange for his resources.

For Li Mu, his approach is very simple. A total of 25% of the shares are chains. The payment of capital and the investment of follow-up resources are meat. If you want to eat meat, you have to accept the chain set. This is a serious way of playing. Otherwise, if you want to eat meat and don't want to set the chain, you will be chased to death.

In the big ecological strategy of Tengxun and Alibaba bar in the last life, I don't know how many such chains are in hand. At the other end of these chains, all enterprises and teams depend on them to survive.

Moreover, these two enterprises have reached the point where you raise a Tibetan mastiff, so do I; where you raise a golden fur, so do I; where you raise erha, so do I, in my mother's hands, all kinds of little brothers are biting around all day long, and those hours will break out in the subdivision field, like a dog fight between two tycoons.

To describe the enterprise as a dog is not to describe Li Mu's discrimination, but to describe the dependency as properly as possible.

At present, Robin also faces a choice: whether his enterprise will survive on the basis of Li Mu's attachment. If so, please hurry up, put on a chain for the enterprise, hand over the other end to Li Mu, and wait for Li Mu's various resources. Otherwise, Li Mu may cultivate a bigger and stronger vicious dog to compete with his enterprise.

Defengjie's Jimmy is very depressed. He has called Robin several times, but his eyes are still empty. He doesn't seem to take himself seriously.

Jimmy knocks at the table and de Fengjie, on behalf of him, says his side's request: de Fengjie can allow Baidu to give 25% of its shares to Li Mu, but de Fengjie requires to use the way of capital increase to avoid dilution of their own equity, and they can also allow other shareholders to cash in their capital increase.

That is to say, de Feng Jenin can spend more money and is not willing to reduce his shares.

This means that Robin's team, as well as other small shareholders, have another chance to cash out.

But robin was not interested.

It's very difficult for robin to accept the equal dilution of equity by 25%. If Dfj doesn't dilute, he and his team will further dilute their shares, so that Li Mu can get the 25%. In this way, there will be few shares left in the team's hands.

Robin also knows that as long as Baidu gets the easy to listen network, and Li Mu becomes a shareholder of Baidu, and exports resources to Baidu, the market value of Baidu will increase dramatically.

In this case, the more shares are retained, the more benefits can be obtained.

De Fengjie is smart, but Robin is not stupid.

Robin looked at Jimmy and said seriously, "if Baidu decides to merge with Eason and introduce Li Mu as a strategic shareholder, we will not accept any form of capital increase. As a major shareholder and the founder with the majority voting rights, I have the right to make a final decision."

Jimmy knows, Robin, it's time for the bottom card.

Now, we are no longer negotiating, but fighting for interests. Robin is like a forced demolition team. We must forcibly dismantle the current share proportion of Dfj, and Dfj is like a nail family. He can't give up his interests in life or death. At least at this stage, he can't compromise. He has to be a nail family for a period of time, and consider compromise after the price of the land rises 。

Since negotiation is useless, we can only fight bayonets!

If we really want to talk about who really has the right to speak, then we are basically at a loss. In this way, the interests of Dfj may be threatened, so Jimmy also began to show his teeth and said: "Robin, I urge you to think clearly, although Dfj is not a top investment institution, we still have a certain right to speak in the American capital market. If you don't Take our interests seriously, and then all American capital will stay away from you! "

Robin looked at Jimmy, smiled a little after a while, and said scornfully, "Jimmy, you're too shy!"

Jimmy frowned. "What do you mean?"

Robin said with a smile, "don't threaten me with my future prospects in the U.S. capital market, because you don't represent the U.S. capital market, nor can you! If you really want to refuse Baidu on behalf of American capital, you can consider divestment. As long as you nod to divestment, I will sell iron and steel and pledge all shares, and I will raise enough exit fees for Defarge at a valuation of 120 million yuan. Do you have such courage? "Jimmy was speechless all of a sudden.

Yes, on the one hand, it is said that there is no prospect for the other side in the US capital market. On the other hand, as a capital company in the US capital market, it is obviously a contradiction that it desperately holds Baidu's shares.

Jimmy sinks his face and asks Robin, "is this really the case? At least de Fengjie is the first capital to help you create Baidu. Without us, there would be no you and Baidu today! "

Robin also tit for tat: "I know that without you there would be no Baidu and I today, so I didn't live up to your expectations. When you invested in me, the valuation was only ten million dollars, and now it's over 100 million dollars. Now you withdraw and reap nearly ten times the benefits. I can afford you!"

Jimmy said, "you should be grateful. Besides, there are many things that Dfj can help you. One year later, two years later, don't you want to go public on NASDAQ?"

Robin nodded: "I want to go public, but I don't have to rely on your help. Jimmy, let's be clear. Defarger is the booster of Baidu launch vehicle. You have completed the phased tasks, and I have also given you phased and considerable benefits. But on the capital level, you can't directly cut off the relationship, so from now on, Defengjie can enjoy its achievements. In the future, Baidu's development will bring more profit space to defengjie, but the precondition is that defengjie should not be too greedy, nor try to interfere in the company's operation. From now on, you are no longer the booster of the rocket, but the load of the rocket. Stay safe and steady. Baidu can take you to a higher place, which is also you The choice to maximize our interests. "

Jimmy's face was so ugly that when he saw that Robin could not be influenced by himself, he stood up and said, "Robin, remember what you said today, and you will regret it one day."

Then he got up and left.

Robin stopped him and said seriously, "finally, do a good job of your 'load', Baidu will bring you at least 100 times or even hundreds of times of investment profits in the future. From now on, Baidu will not accept any investment from Dfj, but Dfj is welcome to cash in at any time!"

Jimmy blew up.

Robin's meaning is obvious. However, Dfj will never be able to increase its share of Baidu. Instead, he expects Dfj to cash out quickly!

The angry Jimmy swung the door away.

Robin was relieved after he left.

It's not a matter of technology, but it's a matter of courage.

But Robin didn't regret it at all.

If de Fengjie is not so greedy and accepts the most fair solution of equal dilution, then everyone will not tear their faces today. On the contrary, everyone is happy to wait for Li Mu to help you make more money.

However, de Fengjie is an organization that pursues its own interests, even some extremes.

In this case, we have to tear our faces.

Tear your face, and you don't have to think about the next questions.

Robin called his assistant and said, "go and say hello to Mr. Li's assistant and say that I have decided to accept his proposal."

15%+10%。

Robin is no longer ready to bargain with Li Mu.

Because de Fengjie is his own negative teaching material.

Too much bargaining, but will lose more.

It's better to bite one's teeth and stamp one's feet and make a decision just like when we had a showdown with Jimmy.

So, Li Mu came with a smile on his face.

Seeing a determined Robin, Li Mu asked him with a smile, "Robin, do you want to open up?"

Robin nodded and said with a smile, "Mr. Li, I want to open up. It's better to rely on the big tree to enjoy the cool. In the future, Baidu will rely on you and your big ecology!"

Li Mu smiled: "we can't rely on it. Let's work together."

Later, Li Mu began to talk with Robin about all the details of the cooperation.

1. The company replaced 15% of Baidu's shares with 100% of Baidu's shares, and Baidu's existing shareholders diluted the shares equally;

2. Li Mu purchased 10% of Baidu's shares from all Baidu's existing shareholders at a valuation of 120 million, and Li Mu contributed 12 million US dollars in cash. Baidu's existing shareholders diluted the shares equally, and now shareholders can cash out 50% more shares;

3. Li Mu, in his private name, Lend 8 million US dollars of cash interest free loan to Baidu for three years;

4. Li Mu, on behalf of himself and the existing shareholders of easyton technology, authorizes the voting rights and board seats corresponding to 25% of the total shares after the merger and acquisition to Robin, Li Mu and other shareholders without any interference;

5. The default search of yy123 will be permanently set as Baidu search, and will be hot Keywords link to Baidu search results page;

6. Before Baidu's official listing, Muye technology shall not engage in the development and operation of search engine products, and shall not occupy more than 20% of shares in other similar competitive companies;After these details are settled, Li Muli immediately asked the legal and capital operation teams of both sides to conduct in-depth docking, solve all problems in the process extremely quickly, and ask for the dust to settle as soon as possible.

For Li Mu, easy to hear technology and easy to hear net are really the booster of his commercial empire rocket. Now that it has burned all the fuel and achieved the expected effect, it's time to separate from it!