The purchase of apple is Li Mu's biggest single deal since his rebirth. On the surface, Li Mu seems calm, but he has been excited for a long time.
However, it is a big problem for Li Mu where billions of dollars go.
Li Mu doesn't want to dilute his shares to pay back money at this juncture, but no matter how he tries to get loans from home or private placement, all he gets is RMB. In order to prevent the impact of western economy on China and ensure the exchange rate of RMB, the state has strict control over foreign exchange. It's not difficult to get tens of billions of RMB. It's difficult to get billions of dollars.
However, this problem did not cause too much trouble to Li Mu. For him, the most important thing at present is to negotiate with apple about the acquisition first. As long as Apple's shareholders are willing to make a move, they will think about how to solve the problem of money.
A few hours after Apple's share price plummeted to $4.53, at 9 a.m. Yanjing time, Li asked Li Ziwei to inform the core layer of Muye technology, as well as Lei Jun and Liu Qidong of Taobao technology to meet with Muye technology at 10 a.m. to officially establish a temporary business unit dedicated to Apple acquisition.
At 9:10, Louis Martin came to Li Mu's office and said to him enthusiastically, "Mr. Li, I have said hello to the headquarters. From today until you leave for the United States, I will stay in China for your task."
Li Mu nodded: "it's hard for you, Louis. I'll hold a high-level meeting at 10 o'clock to announce the acquisition plan and the establishment of the business department. You will join us at that time. I'd like to introduce you to everyone."
Louis Martin said, "that's great."
"Luis, it's very important for me to buy apple. Although you are not a man of Makino technology, I hope you can give more advice on this matter and try to help us make this acquisition as much as possible," said Li Mu
Louis Martin said firmly on his face, "don't worry, Mr. Li, I will do my best."
After that, Louis Martin added: "by President Li, our chairman let me tell you yesterday that Sequoia is willing to lend $3.6 billion interest free loan to Makino technology to help Makino technology complete the capital operation of Apple acquisition, and this money is not in urgent need of repayment. You can repay it after Makino Technology's successful IPO."
Li Mu smiled and asked him, "what are the conditions?"
Louis Martin said with a smile: "Mr. Li, the conditions are actually very rich, and we don't demand the refinancing of Makino technology. We just hope to get another 3% stake in Makino technology at a valuation of US $80 billion."
At this point, Louis Martin, afraid of Li Mu's immediate refusal, hastily added: "you can rest assured that if you are not willing to dilute your shares, we will not demand it, but we hope to communicate with other shareholders of Muye technology in private. If any shareholder wants to cash out, we can deal with him in private, without any impact on your shares."
Li Mu said, "take three points from the 80 billion valuation and lend me 3.6 billion US dollars, a total of 6 billion. Are you good enough?"
Louis Martin smiled and didn't speak.
Li Mu said: "all shareholders of Muye technology, except you Sequoia, have signed agreements with me. Without my permission, none of them can resell their shares."
Louis Martin said, "we know that very well, so I hope you will allow me."
Li Mu added: "if you buy three points directly from the shareholders, then these 2.4 billion can't reach the pocket of Muye technology. I'll take your 3.6 billion loan or find other funds. Besides, Muye technology is developing so well now, do you think there will be shareholders willing to cash in at this time?"
"This..." Louis Martin smiled and asked, "can you think about diluting the existing shares of all shareholders by 3%? This proportion is actually very small... "
Li Mu looks at Louis Martin and doesn't speak. After a while, he suddenly asks him, "Louis, are you a professional manager?"
Louis Martin nodded and asked in surprise, "what's the matter, Mr. Li?"
Li Mu said, "the money you earn from Sequoia may not be 10 million dollars a year, right?"
Louis Martin shrugged. "It's almost pre tax, but it's a lot less after tax."
The vast majority of professional managers are not the actual shareholders of the enterprise. Most of them hold a high salary, and then get a small number of options from the board of directors. Options are like the chain of a dog. If you leave them behind, you can take them off. Tim Cook has worked for Apple for so many years, created so high profits, and the final value is only hundreds of millions of dollars I've been fighting for so many years, not to mention Louis Martin.
Li Mu said, "well, Luis, first of all, you can help me to take over the apple, give full play to your intelligence and your understanding of apple and the capital market of the United States. If I succeed in the acquisition and after the IPO of Muye technology, I will help you to implement the after tax income of $5 million outside the United States. And you can rest assured that I will definitely deal with this money It's very clear and neat. If you can play a very important role in this acquisition, I'll give you another five million yuan. As for persuading me to dilute some shares and exchange money from Sequoia, you don't need to say it later. If Sequoia asks, you can tell them directly that no matter how hard you try, I won't accept it. "Louis Martin's expression changed a little. After a moment, he said quickly: "Mr. Li, you don't need to be so polite. As the investment object and partner of Sequoia, I have an absolute obligation to help Muye technology, so you can rest assured that I will do my best to help."
Li Mu smiled quietly and said, "you don't have to worry about my integrity, let alone my contractual spirit. As I told you just now, only you know what I know. So if you don't really want to refuse 100%, then you don't have to say anything. After that, everything I said will be fulfilled as promised."
Louis Martin hesitated a little, then nodded softly and said to Li Mu, "Li always rest assured that I will do my best."
For Louis Martin, he has seen that Li Mu can't let Sequoia take more shares in Muye technology at this time. No matter what his attitude towards Sequoia is, in order to maintain the cooperative relationship with him, he has to stay to help Li Mu complete the acquisition. Why doesn't he agree to Li Mu's offer? If the ordinary people make such a promise, I'm afraid they will worry that he will disclose the grey transaction in the future. But the other side is Li Mu. With his identity, status and style of conduct, I don't have to worry about such risks at all.
Why not make a good profit?
……
At 10 o'clock, in the conference room of Muye technology, the core level is all here.
Master Lei and senior brother Liu also came to the meeting specially. Although they didn't know what Li Mu was going to do, every time Li Mu called the core of the two companies together for a meeting, there must be a major event to be announced.
Louis Martin also followed Li Mu to the conference room. In the conference room, Li Mu introduced Louis Martin to everyone. When he heard that he was the VP of Sequoia headquarters, everyone was surprised that the representative of capital would appear here. Is it Li Mu who wants to do new capital operation?
After the introduction of Louis Martin, Li Mu's first sentence to all of you, I'd like to start with the following:
"comrades, today I solemnly announce a decision to you: Muye technology plans to launch the acquisition of apple in the United States, and will complete the privatization and delisting of apple in Nasdaq after the acquisition, and finally turn apple into a wholly-owned subsidiary of Muye technology!"
Everyone was stunned.
Li Mu observed everyone's expression. Two people were particularly excited. The others were basically confused.
Excited, are Fang Xudong and Lei Jun.
Li Mu asked Fang Xudong, "Xudong, tell us why you are so excited?"
Fang Xudong said excitedly, "Apple's technology reserves are very strong, and now the stock price has collapsed and the market value has plummeted. If the company can eat apple, I believe this is a very cost-effective business."
Li Mu asked Lei Jun, "Mr. Lei, what do you think?"
"The strength of Apple's operating system, software and hardware is still very strong. Our mango-me2 is much stronger than the iPod 3, but this is the result of our sudden attack. If Apple has enough money to directly develop the products of the first half or even the first generation to suppress mango-me2, it will be very difficult for us to catch up with it."
Fang Xudong seemed to have found a bosom friend, and nodded repeatedly: "Mr. Lei is right! Our mango-me2 is like an aircraft that wins by performance enhancement and cost reduction in the propeller era. Apple is caught off guard at a stroke, but as long as apple can stand up, with their technical reserves, it can directly start the jet project, and then surpass us. In that case, it will be generation difference. It is too difficult for us to catch up with this generation difference. ”"Mr. Fang, I don't know much about technology. There is a place I don't quite understand."
Fang Xudong said: "Mr. Ding, please tell me."
Ding Jiandao: "what I don't understand is that if the iPod and mango-me2 are both propeller era aircraft, and we catch up with apple, why can Apple launch the jet project, and we can't?"
Fang Xudong said: "so to speak, iPod or mango-me2 is just a few things: memory module, digital signal processing chip, microprocessor, signal controller and liquid crystal display screen. It has no technical content, just like the aircraft in the propeller era, which is basically the engine, propeller, landing gear and hydraulic control system The technology content is not high, apple can make it, we can make it;
however, if we want to develop jet aircraft, it requires the whole industrial system to rise at least one generation, first of all, the technology research and development strength must be strong enough, so that we can develop a series of components required by jet aircraft; second, the basic materials must be strong enough, so that the jet engine can withstand high temperature and high speed , high power output, the fuselage can carry the higher flight speed of the aircraft; thirdly, the requirements of manufacturing technology will increase exponentially, we do not have these strengths, but Apple does. "
Speaking of this, Fang Xudong sighed: "Lei always saw it too thoroughly. Fortunately, Apple's financial resources were not strong enough, which was a bit like Germany at the end of World War II. Otherwise, it would really let him continue to develop. They would not be able to win in a long time, and the gap between us and him in hardware would only grow."Li Mu looks at Lei Jun and knows that he is a techno maniac, but he has such a vision in this era. There are Fang Xudong, both of whom are technical talents. It is natural to see this kind of problem more deeply than ordinary people, but Fang Xudong is 100% all partial technology, Lei Jun is 100% technology in the early stage, and gradually transits to products and marketing in the later stage, so Fang Xudong can do a good job of animal husbandry in the future The job of chief technology officer of Yeo technology is the greatest value, and Lei Jun, like Liu Kaidong, is a bull who can shoulder a hundred billion dollar industrial chain.
There are four super bulls: Lei Jun, Liu Qidong, Mark Zuckerberg, and Elon Musk. In the future, the market value of wild science and technology and other products will reach US $1 trillion.
Excited, Li Mu asked Lei Jun tentatively, "Mr. Lei, in your opinion, if Apple has enough financial support, what direction will they take to develop products that are half a generation ahead of us or a generation ahead of us in the player?"
Lei Jun said: "in my personal opinion, if it is the first half of the generation, it is necessary to realize color screen display at least, upgrade the overall firmware, and add WLAN module based on IEEE802.11 standard; if it is the next generation, it is necessary to carry out intelligent development on this basis, and develop a set of operating system suitable for iPod handheld device, just like those commercial PD on the market Palm operating system for A. "
After a pause, Lei Jun continued: "once this kind of higher generation thing is taken out, apple immediately pulls away the generation difference with us. As Xudong said, we can do Apple's things like stacking hard disk, stacking decoding chips, stacking microprocessors, stacking Heisel's headphones and playing price war. But if Apple directly intelligentizes the iPod, we can only I can do it. "
Li Mu's eyes brightened.
PDA, a mobile intelligent device at the primary stage, has been popular among Western business elites since the 1990s. However, in China, the popularity of PDA, which is often more expensive than computer, is still very low. In fact, this device has not caused any real waves until it finally disappeared. It can be said that PDA is a high-end and dead device The silence of.
Later, the resurgence of PDA is the post Android era. At that time, smart phones were everywhere. Smart PDA became an essential mobile order processing tool for express delivery staff of SF and JD. The PDA of SF even added the thermal paper printing function to let express delivery staff directly print the express bottom bill with it.
From the death of PDA to the resurgence of PDA in the commercial field, PDA missed the golden period of the vigorous development of smart phones. This kind of product awareness and form is very close to the existence of smart phones. Unfortunately, the manufacturers have positioned it too high. They have not thought about pushing it to ordinary users, and no one has developed around the operating system of PDA Ordinary people may use software, otherwise, PDA can directly lead the era of smart phones.
Listening to Lei Jun's talk about WLAN, PDA and mobile operating system, Li Mu admired him very much. People who were proficient in technology and had a clear vision in this era actually had a quite accurate vision in their mind. Lei Jun could see the next generation of iPod products, which are mobile products with color screen, WLAN function and independent operating system, which means that he has already moved from iPod to iPod , I saw iTouch directly, and iTouch and iPhone are only separated by a layer of window paper!
Thinking of this layer, Li Mu is suddenly a little scared. Lei Jun can see the development direction of the next generation iPod, and apple can come here if he wants.
In the past life, Apple's upgrade routine on the iPod has been constantly squeezing toothpaste, and it never thought of making the iPod intelligent. It didn't launch IOS system and the first generation iPhone until 2007, so it used IOS on the iPod and made an iTouch;
but now, apple has been devastated by itself for a while, so it's hard to make an iTouch in an emergency and decided to do so in advance It's really a Japanese dog to come out with our products. It's hard to come up with iTouch like this
Considering that Apple may have a lot of cash on hand, and that there may be a lot of money from dealers and factories in iPod business, Li Mu is more worried that Apple will take it to the bottom
It seems that the actual pace of Apple acquisition must be faster than expected, so as not to have a long dream