Chapter 1339 Simple Excess!

Li Mu suddenly said such a sentence, not only Jimmy was stunned, but everyone present was stunned.

Jimmy didn't know where he had offended Li Mu. This guy was so rude to talk to him as soon as he came up, but Li Mu, a great god, he really couldn't afford to offend him. Right now, a VC like De Fengjie can be regarded as a great leader in front of entrepreneurs. , But in front of a great god like Li Mu, he's not even a fart.

The total size of the funds managed by Defengjie is only one billion US dollars, and this money is not all their own, let alone the Asian president of Defengjie, even if the president of Defengjie comes, Li Mu hates him, and he will still be the same. dare not say a word.

Robin was surprised by Li Mu's attitude towards Jimmy, but he was happy. Li Mu at least helped himself out.

Jimmy was very strong in front of him, and even pointed out Baidu's business development many times, which made Robin very upset, but he had no choice. He took De Fengjie's money and had to give others face.

Moreover, Baidu has not yet found a suitable profit model, and the entire development route is still burning money. Whether it is the acquisition of YiTing Technology, or the second round of financing or capital increase, he has to ask Defengjie.

In fact, what Li Mu thought was very simple. He talked with Baidu about mergers and acquisitions. This should be a business-level operation. Originally, an existence like Defengjie should not appear in today's negotiation venue. It doesn't matter how many shares you own, how much you own is your own business. You communicate with Baidu privately, or even scolded Robin in private. It should be inserted, this is a bit disgusting.

For Li Mu, Jimmy is an uninvited guest, so why should he save face for such a person, he has already given him face if he didn't drive him out.

Moreover, Li Muliang got this Jimmy here because he wanted to intervene in today's negotiation, so in order to prevent him from being too rude, he gave him a slap in the face first.

Afterwards, both parties in the negotiation took their seats. Li Mu glanced at Robin and said, "Robin, let's start first."

Robin nodded and said: "Mr. Li, we have communicated with your company's team for several rounds before, and the intentions of the two parties have been highly unified. Baidu hopes to acquire YiTing Technology, and you also hope that YiTing Technology will be acquired by you. M&A, it's just that we haven't reached a consensus on the valuation issue."

Li Mu said: "Robin, what is Baidu's current valuation?"

Robin said: "Our last round of financing was based on $65 million. After this period of development, we are confident that Baidu's valuation can now reach $120 million."

Li Mu asked him, "OK, you said it's worth 120 million US dollars, how did this figure come from?"

Robin explained: "This valuation is quite reasonable, our Baidu's recent traffic growth trend is relatively good, and..."

Li Mu interrupted him with a smile and said, "Robin, although I don't want to interrupt you, your answer is somewhat wrong. My question is, how did the valuation of 120 million US dollars come from? It was given by the three-party agency, or did you just talk about it yourself?"

Robin said embarrassedly: "Mr. Li, we are very confident in estimating this amount..."

Li Mu waved his hand: "Robin, the data you are talking about is meaningless. If you say that Baidu is worth 120 million US dollars, then OK, I said that YiTing Technology is worth 30 million US dollars. After you acquire YiTing Technology, The total market value is 150 million US dollars, and my 30 million should account for 20% of the shares. Then we have such a happy decision. Baidu will acquire 100% of the shares of Yiting Technology, and all shareholders of Yiting Technology will be acquired by Baidu. The last 20% of the shares, do you agree?"

Robin hurriedly said, "Mr. Li, this is too unreasonable..."

Li Mu asked him in return, "What's not reasonable? The father said that the public was reasonable, and the mother said that the mother was reasonable.

You say you're worth 120 million dollars, I say I'm worth 30 million dollars, why are you justified and I'm not? "

Robin was a little confused by Li Mu's strength, and explained: "Mr. Li, YiTing Technology's current UV and PV are more than an order of magnitude worse than Baidu's, and YiTing Technology does not currently have a mature business model. The development potential is much greater than the potential of the vertical field..."

Li Mu said with a smile: "Robin, the development potential of search engines is huge, but don't forget, there is a Google behind you. I have reason to worry that in the future, Google will exert its strength in the Chinese market, so as to continue to eat Baidu's market share, However, looking at the entire market, there is no competitor that can compete with EasyTing.com in the field of online music and music download. At that time, it is very likely that users are using the Google search engine, but they are still using EasyTing.com to listen to songs. You say, who has the greater potential for development?"

Jimmy had been listening to the narration of the translator beside him in a low voice. At this time, he couldn't hold back and said in English: "Mr. Li, I think you are confusing the public. What Robin wants to talk about is the development prospects of the two fields. Just like a car manufacturer, like a match manufacturer, no matter how high a match manufacturer’s share in the industry is, its room for development is much worse than that of an auto manufacturer!”

Li Mu looked at him and gave him a friendly smile, but Jimmy didn't know why, but felt a chill from Li Mu's laughter.

Li Mu smiled, stretched out a finger, and said to Jimmy in English, "First, I told you just now, just listen and talk less."

After speaking, he stretched out another finger: "Second, if you talk to me about capital issues, I would like to hear a few words from you, but if you talk to me about specific businesses in the Internet field, your point of view is irrelevant to me. A bit of acceptable value;"

Afterwards, Li Mu stretched out another finger: "Third, your analogy just now is obviously belittling my YiTing technology, if Baidu is an automobile manufacturing company, then YiTing.com must at least be a tire manufacturing company, and , Baidu's current position in the industry is not in the first line in the automotive field. Correspondingly, Baidu is at most the French Peugeot or Citroen in the automobile manufacturing company, while YiTing.com is the Michelin in the tire field, or Bridgestone. !"

Having said that, Li Mu looked at Jimmy and said seriously: "And you, like a certain bank that lent to Citroen, even went to the level of business cooperation between Citroen and Michelin to make nonsense. Do you have this qualification?"

Jimmy was stunned by Li Mu for a while and didn't know how to refute. Li Mu's spoken English was a mess, and his speech was also bad. Jimmy was not an opponent at all.

Robin tried his best to hold back his smile, and after Li Mu finished speaking and Jimmy lowered his head to show weakness, he continued: "Mr. Li, if you have any opinion on the valuation, we can find a third-party audit company to conduct an audit and evaluation of our enterprise. , to see how well a third-party authoritative company recognizes the valuation of our companies."

Li Mu waved his hand: "Robin, don't go around me, what audit companies can do is audit at the level of net assets and accounts. Can they see the future development direction of the industry? Can they see the future development potential of each company? If you can’t see it, then what are they auditing? We are all Internet companies, what are our net assets? Apart from a bunch of computers, computer rooms, and patents, what net assets do you have in Baidu?”

Robin's head is a bit big, and sometimes Li Mu just doesn't play his cards according to the routine, and he is too strong, so sometimes he finds a new way, instead, he wants to detour the opponent into it, and let the opponent use his path as the road.

Seeing that Robin was thinking, Li Mu stopped him from thinking deeply, saying, "Robin, I insist on replacing 15% of Baidu's shares by EasyTing.com, which is impossible to retreat, and I can tell you very frankly as a friend. You, Yiting.com is Baidu's name, and the choice given to you now is not about not buying Yiting.com, but about whether you want to get on Muye Technology's car or my car;"

"If you accept this application, I can give you a promise that Muye Technology will not consider becoming a search engine in the next five years, and will guide you all the resources related to search engines;"

"If you don't accept this submission, then out of this conference room, Baidu is the enemy of Muye Technology. I can dig your people and Google people to make a search engine by myself, or I can go to Google to cooperate and set up together. A Google Muye joint venture to jointly develop the Chinese market, and even I can invest in other big winners who are interested in being a search engine like you!"

Robin stared at Li Mu in astonishment, exclaimed, and asked, "Mr. Li, didn't you tell me last time that you're not going to be a search engine?"

Li Mu nodded and said without changing his face, "The last time was the last time, and now I have changed my mind."

"How can you do this..." Robin looked at Li Mu dejectedly, with a deceived look on his face.

Li Mu smiled and said, "Robin, are you trying to say that I don't believe what I say?"

Robin nodded immediately without saying a word.

Li Mu laughed twice and said happily, "Robin, don't let your subjective likes and dislikes influence your judgment, it will make you look childish and cute."

After that, Li Mu said again: "Let's put it this way, if you have a dog and want to sell it, I want to buy it. After paying the money, I said I'm sorry, I won't buy it, please return the money to me, this is indeed the case. I can't believe it."

"But!" Having said this, Li Mu deliberately paused, looked at Robin and smiled: "For example, you have a dog, and then one day you asked me if I wanted to have one, and I said I didn't want to have one, but it was over. For a while, you saw that I had a dog, and then came to accuse me of not keeping my word. This is not a question of whether I keep my word or not, but whether you are a simple and a bit excessive. I just want to keep it, what's the matter? My mother's happiness is not to keep one, I'll keep ten! This is the condition at home! What's the matter?"

All the staff on the Muye Technology side couldn't help laughing out loud, and the staff from Baidu couldn't help laughing, and it was extremely uncomfortable to hold back.

Looking at Robin, he was immediately flushed by Li Mu's words.

He also reflected in the bottom of his heart, because he was too simple, and he was still blaming Li Mu for not being trustworthy. It was indeed a bit too simple.

What is the significance of Li Mu's verbal statement? Yesterday he could say that he didn't want to do search engines, and today he can slap the table and say that I want to do it again. It doesn't need to be responsible to anyone at all. Who can do anything to him?