Chapter 1434 Cut the Grass to Eradicate the Roots

When Lin Qingya and Tim Cook met, Apple executives had already set a floor price for selling Apple. X

Given that they can't rely on the stock market to reduce their holdings on a large scale, they can't solve the huge dilemma faced by the iPod business, and Apple itself can't find any way to break through. .

The quotation is based on the current market value. If the market value of Apple is US$3 billion on the day the agreement is signed, then Makino will use this market value as a benchmark and pay the corresponding funds to Apple shareholders.

The reserve price is based on 80% of the current market value to sign an agreement of intent, which is also the actual market value of 3 billion, and Makino Technology only needs to pay based on 2.4 billion.

Whether it is the quotation or the bottom price of the transaction, Makino Technology must complete Apple's privatization while acquiring the shares held by Apple's major shareholders. In other words, it must help Apple solve the mess of shareholders.

Previously, Microsoft wanted to use $1.5 billion to buy the two major sectors of computer and computer, and then leave the iPod business to Apple, so that they could wipe their own ass, which means that after Apple shareholders got the 1.5 billion , and then take out part of it to solve the iPod business.

Listed companies sell major assets, and the funds obtained cannot be directly put into the pockets of these shareholders. If they want to be safe in the end, they have to privatize the company, and then they must give current shareholders and investors an overall Satisfied explanation, this is equivalent to taking out a part of the 1.5 billion li to subsidize the shareholders, and the last little money is not enough to plug the teeth.

If Muye Technology can help Apple solve the problems of shareholders and complete Apple's delisting, then these shareholders can cash out and leave in a safe and secure manner.

Lin Qingya was originally ready to have a good tug of war with Tim Cook, but what he didn't expect was that the offer given by Tim Cook on behalf of Apple was even lower than the reserve price expected by Li Mu.

Li Mu originally believed that the ideal price is to sign an agreement with Apple's shareholders at a price of about 120% of the market value, and then subsidize the shareholders at a price of about 150% of the market value to force Apple to complete the delisting, but he did not expect the other party's price to be higher than his own. Expect lower prices.

Li Mu failed to fully grasp the current anxiety of Apple's shareholders, and Apple failed to fully control Li Mu's true intentions for Apple. One felt that the other party might not want to buy, and the other felt that the other party might not want to sell. such an actual gap.

For Apple, they really don't dare to scare away the potential buyer Li Mu. This is not the time for Apple to be a rare commodity. Now Apple has become a mess that no one wants to take over. If you can encounter an active inquiry, yes. It's very rare for Apple.

If you want to slaughter a big head again, you will really kill yourself.

Apple's offer was a bit unexpected to Lin Qingya, but she still gave full play to her professional qualities and expressed to Tim Cook on behalf of Li Mu: Muye Technology's purchase of Apple is not high, the reason why There are two main reasons for the intention to acquire Apple. One is to combine Apple’s foundation in computer operating system and complete machine design and manufacture with Shenzhou, which is a stake in Makino Technology, so that it can fight against Microsoft in the future; , is to further eliminate the competitors on the development road of mango-me.

Lin Qingya even told Tim Cook that according to Li Mu's intention, if Makino Technology finally acquired Apple, he would directly abolish the iPod product line, including but not limited to terminating R&D and production, terminating sales through various channels, and even destroying or destroying Apple products. Disassemble all iPod stock.

In this way, it means that Muye Technology has to bear all the costs of the abolition of the iPod business, but now it seems that the iPod business is on the verge of death, and Muye Technology can not abolish this business personally and let it die in the hands of Apple. Just like Microsoft's current attitude.

After saying this, Lin Qingya changed her words and said to Tim Cook: "However, our President Li respects Apple very much. He thinks that if certain preconditions are met, Muye Technology can help Apple to undertake the responsibility. all the costs that come with the iPod business."

Tim Cook nodded and asked her, "I don't know what are the prerequisites for Mr. Li?"

Lin Qingya said: "The first prerequisite is that Apple must ensure that more than 90% of the core team will not move for three years. Personnel, in the next three years, you must continue to work for Apple after the acquisition of Makino Technology. In order to increase the binding force, you must sign separate agreements with Makino Technology. If you want to leave in the next three years, you must pay at least your three-year contract salary. Three times as compensation, plus a three-year non-compete agreement."

The core team does not move for three years, and withdraws from the triple compensation and three-year non-compete agreement in advance. This is the "333" plan formulated by Li Mu for Apple's core team.

Take Cook as an example, if he now earns $5 million a year, Makino Technology will sign an agreement with him for three years and a total price of $15 million. If he works for three years, he will take at least $1,500. Ten thousand dollars is no problem, but if he wants to quit early, even one day in advance, he must compensate Muye Technology with 45 million dollars, and promise not to engage in any business that overlaps with Muye Technology for three years after the withdrawal.

Such an agreement may seem harsh and unfair to the individual, but in fact, as long as both parties agree, it is legally binding. It is the same as the brokerage contract signed by a brokerage company and a celebrity. Be honest and obedient to ensure you get rich. But if you dare to have two hearts, you will be asked to pay a large sum of money first, and then you will be restricted from developing in other companies. If you dare to be a hooligan or a bachelor, you will definitely be sued for bankruptcy.

Tim Cook feels that Li Mu's condition is a bit too strict. Three years is not too long or too short. If something goes wrong in the middle, wouldn't it be a huge responsibility? Even if you agree to it, others may not agree.

At this time, Lin Qingya added: "Of course, we are not blindly restricting you, as long as you follow our requirements, Muye Technology will also give you enough financial compensation, for example, we will give 150% of all Apple core team members. Salary, and at the same time promise to give you a considerable number of original options of Makino Technology, the end of this year or the IPO of Makino Technology next year is a good opportunity for you.”

Cook nodded lightly. In this way, I feel much better in my heart. Blind restrictions will give people a huge sense of oppression, but if other restrictions are given at the same time, it can neutralize this sense of oppression. 150 % salary package, plus Muye Technology's options, such a good income condition, most people will not refuse.

So Cook asked her, "Does Mr. Lin have any other prerequisites?"

"Yes." Lin Qingya said, "I just said that you need to ensure that more than 90% of the core team members remain unchanged, and more than 80% of the basic team members remain unchanged, so the second prerequisite is that the other 10%-20% may be If there is a change of team members, if they decide to leave Apple, they must sign a three-year competition agreement, and they are not allowed to engage in any occupation that overlaps with the business of Makino Technology. In exchange, Makino Technology will also pay their salary for an additional year as a competitive Compensation under the industry agreement.”

Cook was a little confused.

Why did Li Mu impose so many restrictions on Apple's core team? The more such restrictions in business, the more it shows that the other party is afraid, but what is Li Mu afraid of Apple?

Lin Qingya saw Cook's doubts and said indifferently: "Mr. Cook doesn't need to think too much, our general manager Li likes to cut grass and roots, even if the risk of 1 in 10,000 is eliminated as early as possible, and you have to be clear, We ask you to keep your team as unchanged as possible, which is far stronger than asking you to make mass layoffs, in which case you will have to pay an astronomical amount of compensation alone."

Cook suddenly felt a chill in his back.

Cutting grass and rooting, is this the secret of Li Mu's success? Cook has studied the development history of Li Mu. There are a lot of companies and products that died in Li Mu's hands, but none of them could resist under Li Mu's battle. Tengxun has become history, and Aliba has become history. There were also a bunch of people who entered the detention center, waiting for criminal trials. It can be said that these two opponents were eliminated by Li Mu.

And now, Li Mu's goal is Apple.

Cook suddenly thought of what Lin Qingya talked about and Li Mu's general thoughts on the iPod business. Under normal circumstances, since Makino Technology has acquired Apple, it is completely possible to dump the inventory of iPods at a low price to recover some of the losses. If an inventory iPod with a market value of US$100 million and a cost of US$60 million is sold at a price of US$40 million, the overall actual loss will be around US$20 million, recovering 66.6% of the loss. This is also the case for the vast majority of companies and entrepreneurs. operation method will be selected.

But what Li Mu thought was not to sell the inventory at a low price to realize the loss, but to destroy all the iPods in stock, so that the iPods could disappear from the market as soon as possible. .

Cook felt frightened by Li Mu's manipulation, but he tried his best to make himself less obvious, and then asked Lin Qingya, "Mr. Lin, is there anything else?"

Lin Qingya nodded and said, "The third and last prerequisite: Mr. Jobs must rejoin Apple, and then apply to the 333 plan; if he does not rejoin Apple, he must sign a six-year non-compete agreement with Muye Technology."

Li Mu was reluctant to buy Apple but let Jobs toss outside. Li Mu did not dare to doubt Jobs' ability, creativity, and vision. He respected and admired Jobs very much, but he had to lock him up at the moment. In his own system, otherwise Jobs is likely to become a huge hidden danger in the future development of Muye Technology.

Cook said subconsciously: "Mr. Lin, Mr. Steven Jobs has resigned from Apple. Strictly speaking, he is not an Apple employee now, and Apple has no binding force on him."

Lin Qingya said: "Mr. Cook, this is one of the conditions for Makino Technology to acquire Apple. If Apple wants to facilitate this acquisition cooperation, please work hard to implement these things. Similarly, we will also work hard to implement our commitments. In this way, your shareholders don't have to pay extra to subsidize shareholders, and they don't have to pay extra to pay compensation to Apple employees, so you can do more with one stone, so you still try to persuade Mr. Jobs to accept this offer." rw