Chapter 751: Making Global Financing History
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Mogen gave up, and in the end, Microsoft won the lead investment right of this friend network.
The so-called lead investment is to take the lead in investment.
According to the rules of Friends.com, the lead investor can get 10% of the shares.
Based on the valuation of Friends.com at US$57 billion, Microsoft would have to invest US$5.7 billion.
"Mr. Chen, three days later, we will sign a formal contract."
Although $5.7 billion is not a lot, Steve did not hesitate.
If they dare to call out this price, then they can afford it.
Although only 10% of the shares were obtained at $5.7 billion, it was already a sky-high price.
"OK."
Chen Yu nodded.
He also knew why Microsoft would want to invest in Friends.
Although Microsoft looks strong on the surface, it is definitely not invincible.
If another operating system rises in the future, it will be a huge threat to Microsoft.
After Microsoft led the investment, other capital followed.
Mogen did not grab the right to lead the investment, they chose to follow the investment and won 5% of the shares.
Correspondingly, they will have to pay $2.85 billion.
However, after the magic root, there was a subtle change in the entire conference room for a while.
"Oops, other capital hesitated."
Wang Chang secretly screamed badly.
She saw the hesitation of the remaining capital.
The reason is also very simple.
In the eyes of many capitals, their valuation of Friends.com was around 40 billion.
Even higher, $45 billion or $50 billion, is acceptable.
But once the competition between Microsoft and Mogen was over, it suddenly pushed the friend network to a height of 57 billion US dollars.
This kind of valuation friends network is of course the most favorite, but for some of their capital, that may not be the case.
That is to say, for a friend network of up to 57 billion U.S. dollars, even if you only have a stake of 1 point, you have to pay 570 million U.S. dollars.
$570 million, which is not a small amount.
Converted into RMB, that is about 5 billion RMB.
For many companies, their entire market size is less than 570 million.
Even for some very promising companies, $570 million can take 20-30% of the shares.
But here, you take out 5 billion yuan, but you can only account for 1%.
This makes those capital seem hesitant.
However, although they hesitated, Microsoft dared to lead the investment, and they could not give up.
All of a sudden, a group of capital representatives called the headquarters one after another.
"Head, the valuation of Friends.com exceeded our expectations."
"What's their valuation now?"
"Microsoft offered 57 billion and won the lead investment."
"57 billion valuation, Microsoft really reported it."
"Do you still need to invest?"
"Wait, let me think about it..."
This is what most businesses think.
Although these capitals are rich, they will not spend a penny indiscriminately.
"Mr. Chen, can we ask you a question?"
After thinking about it for a while, the representative of Blackstone Capital suddenly asked.
"sure."
"I would like to ask about the current profitability of Friends.com."
In fact, for Friends.com, a group of capital understands.
If they want to invest in this website, they have already checked this website clearly.
Although Friends Network currently has a very large number of IP visits, it does not make money.
Of course, that doesn't really matter.
A whole bunch of growth businesses don't make money in the first place.
Now is not the time to pick peaches.
Regarding this point, the CEO of Friends.com, Wang Chang, also wrote about the financing prospectus.
All capitals agree.
But at this time, the representative of Blackstone Capital mentioned it again, obviously wanting to hear a more accurate answer from Chen Yu.
Everyone knows that it is Chen Yu who really controls the friend network.
"Actually, this question is not a problem. The answer in everyone's heart is clearer than mine. But since the representative of Blackstone asked about it, I will tell you. Friends.com has not considered profit at present, and the reason why it is not considered is for friends. The expansion of the Internet. The representative of Blackstone may think more about the potential of Moment.com in the future... But I think it is difficult for me to say clearly about this question. If you really want an answer, it is better to ask the history of Microsoft. Mr. Difu, of course, and Google..."
Chen Yu responded with a smile.
Microsoft and Mogen have already followed up, and it doesn't matter whether other capitals hesitate.
The combined scale of the two has raised nearly $10 billion for Chen Yu.
Even if they don't follow suit, the money is enough.
However, in order to completely bind a series of global capital to Friends.com, Chen Yu still answered.
This answer is not really an answer.
Because Chen Yu did not directly answer the question raised by Blackstone Capital.
But although Chen Yu did not respond positively, Chen Yu's answer made Blackstone Capital make up its mind.
"Mr. Chen, we have 5 points with the stock."
"Welcome to Blackstone Capital as a shareholder of Friends.com."
Chen Yu expressed his gratitude.
"Mr. Chen, we also have a problem."
Probably inspired by Blackstone Capital, Berkshire representatives also asked a question at this time.
"Excuse me."
"I don't understand the Internet very well, and I don't know what a social network is. The reason why we came here is to see the future potential of Friends. However, Mr. Chen, can you tell us what a social network is?"
Berkshire is the investment company created by Buffett.
It is also one of the most influential investment firms in the world.
"Actually, we have talked about what a social network is before. Maybe everyone thinks it's vague, so I'll explain it here. The so-called social network, in my understanding, is the real world."
"real world?"
"Mr. Chen, isn't the Internet virtual, how is it the real world?"
"In everyone's eyes, what you may see is a virtual world. For example, our website, it is an invisible net. We can only see a series of applications on the Internet, but we can't touch it. It is not a real thing. , he is all virtual data. But behind these data are really real people. Without human participation, the Internet is a dead web. Without human participation, social networks will cease to exist. Our friends The reason why the Internet has developed so fast is that our social network has further made the virtual attribute of the Internet real. We have made everyone feel a more real, more vivid and more social site. Here, I It can be said that within the next five years, your social circle on our friends network will be your future circle of friends in the real world..."
This answer made everyone in the audience applaud unanimously.
It was the most perfect explanation of social networking they had ever heard.
This explanation not only shows you what a social network is, but also further explains the importance and future potential of social networks.
Why are they here?
Don't you just see the potential of the friend network?
What Chen Yu said was to further amplify this potential.
It turns out that in their eyes, Friends.com is a product that will be side by side with such Internet giants as Yahoo and Google in the future.
But from Chen Yu's mouth, they found that the future friend network will definitely surpass Yahoo and Google.
At least, in terms of storytelling, Moments' story is bigger and richer than Google's.
Such a website, may I ask, what are you hesitating about?
Of course, the reason why Chen Yu answered this way is that he actually understands it very well.
If you want capital money, it depends on whether your story is big enough?
Your story is average, and the amount of financing is absolutely average.
If your story is the top in the country, then the amount of your financing is also the top in the country.
Your story is world-class, and the amount of your financing will also be world-class.
And your story is about breaking through the earth, then your financing amount will also break through the earth...
"We at Berkshire followed suit."
The Berkshire representative said firmly without any hesitation.
"We also followed suit."
"We followed suit."
"We followed suit."
The remaining 30% of the shares were immediately followed by a series of capital investors.
A few days later, Friends.com signed a formal contract with various capitals.
At the same time, 40% of the shares and 24.8 billion US dollars of funds have also entered the friend network account.
Friends.com, in one fell swoop, created the history of global financing...