Chapter 2596: A Mixture of Joy and Sorrow
Although he said welcome, Feng Yiping really couldn't hear any hint of welcome in his tone.
But Feng Yiping also understands this.
Because he knows very well how much Mr. Bloomberg values Bloomberg’s shares.
If possible, he would definitely hope that he could hold 100% of the shares.
In this regard, it actually sounds quite similar to Feng Yiping.
"Michael, I believe this will be another very wise decision you made after you decided to start your own business 27 years ago," Feng Yiping said very enthusiastically.
But this still doesn’t make Bloomberg happy. “When will you send someone to discuss specific matters?”
"Tomorrow afternoon at the latest, Cummins, whom you have met, will go to New York on my behalf," Bloomberg finally relented. Naturally, the sooner something like this is settled, the better.
"Just Michael, before they talk about specific terms, should we set the general direction first?" Feng Yiping said.
"We know that Merrill Lynch currently holds 30% of your company's shares. I think if you repurchase 10% and I hold 20%, this allocation will be very reasonable. What do you think?"
Bloomberg over there immediately became angry, "This is absolutely impossible,"
It sounds like he is no more angry than those whose parents know that they have worked hard to raise a daughter who has always been worry-free and has always made him proud. His heart is tied to a well-known playboy, and he will live and die. The anger is low when there is no turning back.
"I'll give you 10% at most,"
"20%, I will pay you half of the funds you buy back," Feng Yiping counter-offered.
There was a slight hesitation from Bloomberg.
As the founder and chairman of Bloomberg, he naturally knows the price of repurchasing shares at this time.
The value of Bloomberg at this time, no matter what, is over 15 billion U.S. dollars. Even if Merrill Lynch is taking advantage of this period of weakness, it will aggressively cut the price and repurchase 10% of the shares. At least it will have to prepare more than 1 billion U.S. dollars. funds.
There are people in the world who can raise more than 1 billion to 3 billion US dollars at any time, but not many. Feng Yiping is one of them, but Bloomberg is definitely not.
He almost subconsciously wanted to ask, what are the financing conditions?
But if he really asked that, he would be at a disadvantage, "I will give you 10% at most. This is my bottom line."
Feng Yiping was really scornful of what he said. How would an old fox like you show the bottom line right from the start?
"20%, that's my bottom line," he said. "Michael, you don't want us to raise the price with Merrill Lynch and make Merrill Lynch laugh."
Feeling that Bloomberg's anger was gathering again, he complained at the right time, "You have to know, if it is only 10%, it is not enough to offset the benefits that Merrill Lynch should give us,"
"I really don't like the other shares held by Merrill Lynch, and I have no interest in it, so we really have to get 20%,"
"15%, you will provide me with 40% of the repurchase funds," Bloomberg counteroffered.
"Whether it's 40% or 50%, or even more, it doesn't matter." Because of the oil income, Feng Yiping was particularly confident at this time. "But the share ratio, we really can't be lower than 20%."
"How about this," he thought for a moment, "we can specify in the agreement that you have the right to repurchase 5% from me when the time is right,"
This time, Bloomberg didn't think for too long. "Feng, you are a master negotiator," he praised Feng Yiping, "I agree with you 20% and I agree with 10%, but at the same time, you must solve half of the problems for me." repurchase funds,"
"No problem Michael, we are partners, these are not problems,"
"Also, I request that my representatives take ownership of the buyback negotiations," Bloomberg added.
Although they had reached a rough agreement with Feng Yiping, it was impossible for Feng Yiping to raise the price with him, but his character did not allow the possibility of variables on such an important issue.
"I am more than happy to ask for it," Feng Yiping said immediately.
Although Merrill Lynch's initial investment of US$30 million could be said to be the key to Bloomberg's start, he believed that in such negotiations, Bloomberg would never take into account the old relationship from more than 20 years ago.
"Then it's settled, good-bye, my friend,"
As soon as he hung up the phone, Xiao Zhijie and Wang Changning immediately asked impatiently, "Has the deal been negotiated? How big is the deal this time?"
"How much money are you going to help him with?"
"It's negotiated," Feng Yiping clapped his hands. "Merrill Lynch holds 30% of Bloomberg's shares. The current market value should be around US$5 billion. Because of another transaction, Merrill Lynch should pay us the return The shortfall is close to $3 billion,"
"So, I take 20%, and Bloomberg's Bloomberg buys back the remaining 10%,"
"In other words, you want to provide him with at least 500 million US dollars in repurchase funds for free?" Xiao Zhijie asked immediately, "500 million US dollars, even if it is kept in the bank for a year, there must be..."
Feng Yiping interrupted him with a smile, "Of course it can't be free, at least it must be based on bank financing conditions."
"Oh, I understand, I understand," Xiao Zhijie nodded, "It's just that you big bosses won't talk about these details."
Before Feng Yiping spoke, Wang Changning on the other side looked at his watch. "In less than 10 minutes, you have negotiated a deal involving 5 billion US dollars, or 30 to 40 billion RMB. This is indeed the style of a big boss."
"How can it be so easy, comrade? Bloomberg is not someone who will easily accept outsiders holding shares in Bloomberg. In order to have such a result today, the preparations made before this are really not just a little bit," Feng Yiping shook his head.
For such a rare opportunity as the subprime mortgage crisis, he had already set the general direction, and in the previous few years, he perfected the details step by step.
It can be said that many things in the past few years, including the initial contact with Bloomberg, and even the founding of "Foreword" magazine, have this consideration.
Of course, the thing that Goldman Sachs's Lord took the initiative to discuss with him, the acquisition of Hilton from Blackstone, was a pleasant surprise.
In fact, over the years, this kind of pleasant surprise is not the first time in his key planning.
He had just arrived in the United States, so he naturally wanted to contact Google, but he didn't expect that Page would take the initiative to come to him because of the cloud computing he proposed.
As for Apple, he naturally wanted to get involved, and after a deep conversation with him, Page actually took the initiative to take him to meet Jobs...
Thinking about it, it really has a sense of God rewarding hard work.
However, he didn't expect that there were two unexpected surprises, both of which were related to Goldman Sachs.
Another unexpected surprise given to him by Goldman Sachs was that it took the initiative to transfer its Alibaba shares to him.
His original plan was to make an effort to compete with Yahoo, but the opportunity came so easily.
"It's the same as one minute on stage, ten years of hard work off stage," Zhang Yan said at this time.
"It's not that hard, but it does require a lot of preparation in advance," Feng Yiping said.
Over there, Xiao Zhijie was a little dissatisfied. Why does Zhang Yan always steal my lines?
But, hey, that's Zhang Yan.
"Today's experience is really precious. I didn't expect that we would just watch a big business involving tens of billions," Wang Changning said with a smile.
"Don't worry, the business you are doing now is definitely bigger than today's transaction, right?" Feng Yiping said, "Do you think that the future value of Tongcheng.com is only 5 billion US dollars?"
"This, hehe," Wang Changning scratched his head, "Now we are a little afraid to think about the future market value,"
Xiao Zhijie immediately asked, "Yiping, what do you think our market value will be in the future?"
"At least it should be more than 10 billion US dollars," Feng Yiping said.
Otherwise, how can we justify the many contents integrated into Tongcheng.com.
Xiao Zhijie and Wang Changning looked a little confused after hearing this number,
"10 billion, US dollars!"
"Will there be so many?"
"It must be so many," Feng Yiping said.
"I know, boss, you are setting us a task," Xiao Zhijie said.
"Haha, it's not impossible to understand it this way. Don't be in a daze, get off the car," he patted them on the shoulders.
"Suddenly I felt the burden on my shoulders was so heavy that I couldn't even walk," Xiao Zhijie said.
"Do you want me to help you?" Zhang Yan said with a smile.
Xiao Zhijie glanced at Feng Yiping, "Hey, no need,"
Feng Yiping was about to speak when his phone rang again. Seeing that it was Zuckerberg, he was looking forward to it again. Could it be that there was good news here too?
But this time he thought a little more beautifully, "Boss, I think I may have messed up the Twitter thing," Zuckerberg said hesitantly.
ps: I always make mistakes when I'm busy. Today, my computer fell down. The screen looked good on the surface, but it couldn't display anymore. After-sales service said that the screen must be replaced. Tsk, I'm so sad. I'll write on other computers. I'm really not used to it. I'll try to update on time tomorrow.