Chapter 1433 Cheap Sale Is the only Way Out

Li Mu's interest in Apple shocked Apple executives.

They even felt that it would be easier to sell Apple to Buffett, or even to the US government, than to Li Mu, because they could not think of any reason why Li Mu would be willing to buy Apple.

But Lin Qingya clearly conveyed Li Mu's interest in Apple on the phone with Tim Cook, and Lin Qingya took the initiative to ask Tim Cook for an interview, so this is definitely not a joke.

Although Lin Qingya is young and has very little qualifications, she is the top person in charge of Muye Technology in the United States. If it is really influential, Jobs is not comparable to her, because she has the resources of the entire Muye Technology behind her. A young general who can mobilize thousands of troops to fight on the battlefield. Compared with her, Jobs is like an experienced guerrilla captain. He has rich combat experience and unique tactics and strategies, but his fists are far from being hard enough.

Thinking of Li Mu's arrival in the United States, Lin Qingya immediately asked Tim Cook to meet. It seems that Li Mu was really interested in Apple, and he asked Lin Qingya to deal with this matter. Prove that he takes it seriously.

Maybe this is an omen of another village.

Apple summoned all the senior management from home to the company, and an emergency meeting was held immediately. At the meeting, Tim Cook briefed everyone on the general situation, and then the management representatives were on the scene and immediately voted on an issue quickly.

The chairman of the board of directors said: "Everyone, those who think that the acquisition offer of Makino Technology should be rejected, please raise your hands. If the voting rights represented by those who raise their hands to vote exceed 60%, Tim will directly reject Makino Technology's Lin Qingya tomorrow."

After three seconds, no one raised a hand.

The chairman of the board of directors was a little dumbfounded. He asked everyone present curiously: "Everyone, Li Mu is the culprit behind Apple's plummeting market value and profits. Don't any of you think we should be more stubborn on this issue?"

A member of the board of directors pouted: "Our country's navy, under the command of General Perry as early as 1853, blasted open the country's gates with cannons. During World War II, it dropped two atomic bombs on Japan, and almost destroyed Tokyo Blown to the ground, do you see how the Japanese hate us now? They even made a statue of General Perry as a memorial!"

After speaking, the board member added: "I am a very realistic person, everyone is a businessman, we are not looking for who has hurt us in the past, but who can bring us benefits in the present and the future, we are now It is almost impossible to get out of the predicament by myself, in this case, whoever pays the highest price will be my father."

Another board member laughed,

Said: "Jensen, you said what I wanted to say! We have to look forward instead of backward, I don't hate Li Mu and Muye Technology at all, that's because their blow to Apple is a thing of the past, And we are indeed no match for each other, and it is not unexpected to be defeated, but what I hate is the Microsoft guys, they are like robbers who take advantage of the fire, vultures who eat people without spitting bones!"

The chairman of the board said with satisfaction: "I am very pleased to see that everyone is so mature."

After that, he said sternly: "Since Li Mu wants to buy Apple, we will actively cooperate, meet, set up projects, negotiate, and make due diligence. We actively cooperate with all the needs of Muye Technology, as long as he can give us a satisfactory quotation, other It doesn't matter what happens, selling the company as soon as possible at the highest price is our most important task right now."

Someone asked: "How do we make an offer for Li Mu? No matter how he makes an offer, we always have to make an offer and set a price for our bottom line."

"This is also the main reason why I asked everyone to come to the meeting." The chairman of the board said: "Our stock price has not stopped falling, and the news that Andy Rubin has joined Makino Technology to be responsible for the technology research and development of the Mango product line has made investors more interested in us. We are not optimistic, our competitors have already crushed us, and at the same time, we are still continuing to improve ourselves, and we have not announced any plans to the outside world, and we have not even given the outside world any information that may save the situation. Our investors are even less confident, and if it continues like this, the market value will fall below $3 billion is just around the corner.”

Someone said: "We might as well ask Li Mu for mergers and acquisitions. We take the existing market value as the benchmark, and Makino Technology takes the capital market valuation as the benchmark. In this case, if Makino Technology is 90 billion, and we are 3 billion, and we acquire Makino, at least To account for 3.2% of the shares of Makino Technology after the merger, we might as well fight for it tomorrow to see if we can achieve 3.5-4 percentage points, so that after Makino Technology goes public, we will hold this share for two years, and it is very likely that we will be sold to us. All the losses from Apple have been made up, and there will even be very objective gains."

As soon as these words came out, everyone looked at him as if they were mentally retarded. The chairman of the board asked him, "Tom, how old is your son this year?"

"Eight years old, what's wrong?"

"Are you interested in adopting a child? This child has a certain disability."

Tom shrugged and said, "Your analogy is inappropriate. Adopting a child is a pure sacrifice. Buying a company is for future profits."

"OK." The chairman of the board nodded and asked him again, "If you adopt this disabled child, raise him up, and send him to Harvard University, all the money he will earn in the future will be deducted from his personal expenses, and the rest will be left over. It's all yours, would you like it?"

Tom said: "It depends on how much potential this child has. If Muye Technology wants to acquire us, it will definitely make an in-depth consideration of our future potential."

The chairman of the board said: "You ignore a problem, you only consider the future potential of this child, but you don't think about how much it will cost to raise him, and you ignore the fact that this child is a disabled person, This also means that you have to cure his illness, and then provide him with food, drink, clothes, and education, so that he can make money for you."

Tom spread his hands: "Li Mu has money, he may be after..."

The chairman of the board interrupted him and said, "I haven't finished yet. Originally, you just adopted this child and you can pay for him to treat him, but now he needs an organ from your son to save his life. , but you can rest assured that what he needs is not an indispensable organ, but a part of the organ that will not affect his life too much, such as a cornea, a kidney, or a liver."

"Enough!" Tom said with an ugly expression: "I just want to help everyone strive for the best interests, but you use my son as a metaphor, and say such difficult words, is it too much?"

The chairman of the board sneered and said, "I'm just making an analogy with your son, you can't stand it, but you want Li Mu to take some organs from his son and give it to you? Did your brain get kicked by a donkey? What do you think? With Li Mu's behavior, if Tim really asks Lin Qingya for 4% of Apple shares tomorrow, what kind of reaction will Li Mu make? I guess he will immediately give up the acquisition and put another bullet in our hearts !"

Tom was a little embarrassed all of a sudden, the anger just now dissipated, and the only thing left was fear.

The greedy heart feels that he is the smartest in the world, and everyone else is a stupid X who lacks thinking ability, and in the end, the chickens and eggs are all such people.

The other board members thoroughly figured out Apple’s current situation through a series of metaphors just given by the chairman of the board. When they took it out individually, they were all in the middle of the pack, but when they got together, they were fascinated by the authorities. This metaphor was the first time they See the whole situation from a spectator's point of view.

Apple is the disabled child waiting to be adopted in the words of the chairman of the board of directors. It is his greatest luck to meet someone who is willing to adopt him. If he expects the adopter to cut off the flesh of his son and feed him, this is more delusional than a dream.

Therefore, this also means that it is best not to even think about the acquisition of Apple by Muye Technology, because if you think about it too much, Li Mu may simply say-Goodbye.

There is no possibility of mergers and acquisitions, and the only possibility left is bargaining.

So, how to make an offer with Li Mu? To demand a certain premium on the basis of the existing share price? That is a dream-like idea, because in Apple's current situation, let alone giving a certain premium to the existing stock price, even if Apple wants to sell all its shares according to the market value, it is impossible to cash out.

The reason why it is impossible is because Apple, as a listed company, although most of its shares are in the hands of the board of directors, there are still some shares in circulation in the market, these shares are bought by a large number of investors, the capital market is to protect the interests of investors As well as the stability of the entire securities market, the freedom of cashing out of shareholders and executives of listed companies is strictly restricted.

That is to say, if a certain capital has 10% of Apple shares, if they want to cash out the 10% in cash, it is by no means as simple as selling the stock directly in the stock market. They must first make a reduction in advance according to the requirements of the market. Hold disclosure, and go through a lot of bloated and slow processes, and finally after a long process, you can cash out the shares little by little like squeezing toothpaste.

In this way, if Apple shareholders want to reduce their holdings, they must disclose it to the public before reducing their holdings. Once investors find out that Apple shareholders are going to flee, panic will trigger a greater wave of selling. By then, the shareholders' shares have not had time to reduce their holdings, and the stock price has already fell to the bottom.

This also means that Apple's shareholders are now deeply stuck investors, and even trying to cash out at market value has become an impossible task.

Therefore, if Apple's shareholders want to cash out now, not only will they not be able to get cash according to the market value, but they will have to sacrifice part of their profits to obtain the opportunity to cash out. This is Li Mu's key bargaining chip to lower the price of Apple.

If Apple's market value is 3 billion, and shareholders hold 70% of the shares, then this part is calculated at 100 million US dollars according to the market value. If Li Mu's rhythm is well controlled, it is likely to force Apple shareholders to agree to transfer all their holdings at a price of 1.5 billion US dollars. Shares to him, let him become Apple's controlling shareholder.

However, if Li Mu wants Apple to be delisted from Nasdaq, he must give a premium to the market value of the circulating shares to ensure the smooth progress of privatization. If the circulating market value of Apple reaches 900 million US dollars, then Li Mu will have to make up for it. Pay their premium, and then reclaim the stock from them. If the premium is 40%, it will cost an extra $360 million.

This money seems to be a cost that Li Mu has to bear, but for Apple's board of directors, they know in their hearts that Li Mu will definitely count this part of the cost on their head.

In this way, it is not only impossible for them to get money at the stock price, but even far below the stock price.

And since no one else is interested in Apple now, Apple's executives are aware of a serious problem: if they want to stop losses and cash out, selling at a low price is Apple's only way out!

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