Chapter 1266 The Initiative Lies in the Interests

one night.

Li Dong met with someone from Morgan Stanley in the hotel room.

Morgan Stanley and JPMorgan Chase are the second of the five largest investment banks in the United States. Of course, after the collapse of Lehman, they are the four largest investment banks.

These two were originally a family.

Morgan Stanley, in principle, is actually the son of JPMorgan Chase.

However, the outside world likes to call Morgan Stanley the Big Morgan and JPMorgan Chase the Little Morgan, a typical big-headed son and small-headed father.

The reason why it is called so is not that Morgan Stanley is stronger than JPMorgan Chase, but actually its overall strength is weaker.

But in the field of investment, Morgan Stanley is definitely stronger than JPMorgan Chase.

For the use of capital, Morgan Stanley has reached the limit.

At home and abroad, Morgan Stanley has made many well-known cases.

In China, Morgan Stanley has also reached its peak. Many well-known companies in the industry have accepted investment from each other, and they were all desperate in the end.

The example of Yongle has been mentioned before.

The other is Mengniu. In fact, Morgan Stanley likes to sign VAM agreements with domestic companies the most, and wins big every time.

The gambling agreement between Yongle and Morgan Stanley ended with Yongle unable to complete the agreement, and finally had to go to Gome as an end. This was actually operated by Morgan Stanley.

The same is true for Mengniu, which signed a gambling agreement with Morgan Stanley.

Of course, Mengniu's ending was a bit better, and the goal was finally achieved, but the completion of the goal means that Morgan Stanley made a lot of money.

They signed a gambling agreement, and the general conditions were difficult to reach.

Once achieved, it means profits beyond imagination.

Li Dong never felt that these capital institutions were the saviors, they were more cruel than anyone else when they drank blood.

But sometimes, you have to ask for their help.

For example, this time, Li Dong had to discuss cooperation with the other party, and he still sought cooperation from the standpoint of a passive person.

He interviewed someone from Damo in private, and the other person was not stupid, so he didn't know his purpose.

In fact, Dalmo was extremely surprised when he received the news, but immediately afterwards, they were extremely excited!

Because they know that the opportunity has come!

The opportunity to slaughter Li Dong has come!

The previous investment in Weibo is not counted. At that time, the valuation of Weibo was somewhat unexpected, and the final valuation after financing was as high as 3.12 billion US dollars!

This was much higher than their budget. In fact, it was not profitable at the time.

At that time, it can only be said that everyone was doing business normally, and the investment banks did not find a bargain.

But this time is different!

Li Dong met them, Gome shareholders, in private, and talked about Gome shares. His ambition was Gome. As one of the major shareholders of Gome, Morgan Stanley had the initiative.

Damo also attaches great importance to it. The person in charge of the Huaxia District is just a follower at this time.

At the headquarters of Morgan Stanley, he personally sent an executive with a team to negotiate with Li Dong.

...

Many times, people think that foreigners with big noses are straightforward.

However, Li Dong never thought so.

Those who think these foreigners are upright must have never seen those cunning capitalists!

As soon as the two sides started their talks, the big-nosed foreigner on the opposite side spoke amazingly, and told Li Dong in extremely fluent Chinese, "Gome's internally estimated value is more than 2 billion U.S. dollars!"

200 billion dollars!

More than 13000000000 yuan!

Li Dong knew that the other party would open his mouth like a lion, but he never thought that the other party would open his mouth like this!

As soon as these words came out, Li Dong looked down at his watch and said, "Sorry, I still have something to do, let's talk about it later!"

If you leave these words behind, Li Dong will be out of the way.

Damn, he really thinks of himself as an idiot.

13 billion, together with the 7% shares you currently hold, are you going to sell me for more than 9 billion?

Morgan Stanley previously held 8% of Gome's shares, and later the other party reduced its holdings by 1%, which was lower than Beverly's, but the other party dared to offer 6 times the price!

Even at the beginning of the conversation, Li Dong knew that the conversation could not continue.

He offered 2 billion US dollars, and if you cut it in half, that would be pretty good.

In the end, it was still worth more than 65 billion yuan, and Gome could not reach this value at its peak.

Even if the unlisted part is added, it is not worth so much.

Li Dong really wants to pick up the conversation and start talking, so don't even think about talking about low prices later.

Seeing that Li Dong was about to leave, Big Nose smiled and said: "Mr. Titan is too anxious, business, you can talk slowly..."

Before he finished speaking, Li Dong said with a dark face: "Who is Mr. Titan? If Mr. Bill wants to find Titan, I can help you with a missing person advertisement, but Titan is already extinct, so I'm afraid I can't find it!"

Li Dong dare not compliment foreigners' taste.

Maybe Big Nose thinks that calling Li Dong Mr. Titan will help him to get closer, but to Li Dong, what the hell is this!

Long before this title appeared, he felt that it was a title for a silly orangutan.

Now it has become a habitual term, and Li Dong is worthy of him for not beating up this big nose face to face.

Too lazy to entangle with him, Li Dong said directly: "Gome's current market value is only 3 billion US dollars, which is definitely out of the market price.

You should know my purpose.

I am too lazy to bargain with you, 5% of Weibo shares in exchange for Gome shares in your hands.

If we can agree, we will fight to the death, if we cannot agree, then there is nothing to say.

Once Gome is not in my hands, next, I will unite with several Suning companies to encircle and suppress Gome.

At that time, it's hard to say whether the shares in your hands are still worth money.

And I have an early advantage here, even if the loot is divided after the siege, the benefits won't be too low.

At least, Gome Online has been taken over by us.

Weibo was previously valued at US$3.12 billion after the second round of financing. Now Weibo has opened up European channels, and the Asian section has also expanded its scale and increased its influence.

In the domestic part, our users continued to increase rapidly, and our market share continued to increase.

Now it is not financing, but my fixed shares in exchange. After the third round of financing, you will get greater benefits.

Your 7% Gome shares are worth around US$200 million.

And the current 5% stake in Weibo, if I am willing to sell it, it will definitely exceed 200 million US dollars!

Anyone who is familiar with me, Li Dong, knows that I am very open and cheerful in my actions and speech.

Your people also participated in the previous financing reception, and you know my style.

In normal times, I would never exchange Weibo shares for Gome shares, because it would cause me great losses.

Now, to have this kind of opportunity is actually what both of us need.

Of course, if you think that Gome's shares are more profitable and more secure than Weibo, then we will pretend that we have never met today.

However, I would like to ask Mr. Bill to keep it a secret for me. This is also a basic business principle. As a world-renowned investment bank, Morgan Stanley, I don’t think it will damage your reputation for such a trivial matter. "

Big Nose hurriedly said: "Of course not, keeping confidentiality for customers is our basic principle!

However, Mr. Li said that the value of Gome is less than 3 billion US dollars, which is absolutely impossible!

Also, take 5% of Weibo’s shares in exchange for 7% of Gome’s shares...

OMG! "

Big Nose looked at Li Dong with disbelief, shock, and complete disbelief.

"Weibo was established less than two years ago, and it was officially launched in the second half of 2007.

Gome was established in 1987, 2o years earlier than Weibo.

In addition, Weibo has not yet started to make profits and is still in the investment stage, while Gome's system has long matured, and it has even been ranked the number one retailer in China.

This is a super retail giant on par with Wal-Mart, and Mr. Li actually wants to trade Titter for Wal-Mart..."

Big Nose looked like I was going crazy, which made Li Dong laugh and said: "Mr. Bill, we are all grown-ups, so we don't need to use some jokes to waste each other's time.

First of all, Gome is not Wal-Mart, and Weibo is not Titter.

Secondly, according to what you said, whoever is established early will be the best, and then we can completely withdraw from the business world.

Nowadays, any roadside stall may be established earlier than that in the distance.

It's no fun talking about this.

The 5% stake in Weibo, after three rounds of financing, and some dilution after the subsequent listing, can at least maintain about 3.5%.

As for Weibo's listing, according to my estimation, the market value can reach at least 5 billion US dollars!

In this way, you have made a lot of money.

1.75 billion U.S. dollars, more than 12 billion yuan, you say that Gome is worth 2 billion U.S. dollars, even if I admit this, you have made money.

Mr. Bill, as I said, I've always been a straightforward person.

The price I give is generally not bad for my friends.

Of course, if you are not willing to exchange Weibo shares, I have no problem, and then we can talk about the cash acquisition.

1.5 billion yuan, with a premium of 10%. For the current Gome, the price I gave is also the best of benevolence.

Morgan Stanley disagrees, someone will.

I'm not saying you have to. Of course, if you think kicking me out, Li Dong, will make Gome a better future and have a brighter future, then I congratulate you.

But once you make trouble out of it, then I'll put my ugly words in front of you.

In the end, you may lose all your investment in Gome. How likely is this? As a professional financial institution, you don’t need me, Li Dong, to remind you. "

"Mr. Li..."

"..."

The two sides are at war with each other, after all, one belittles the value of Weibo, and the other belittles the value of Gome.

Li Dong feels that Gome is worthless, and 2 billion yuan is considered an overestimate.

But Big Nose thinks that Weibo is the bomb packaged by capital institutions. Not to mention the previous 3.12 billion US dollars, it is 2 billion US dollars, which is actually worthless.

When it came to the end, Li Dong said impatiently: "1.35 million shares, if we can accept it, we can settle it within three days, if we can't accept it, we can break up.

To put it bluntly, I don't have time to waste too much time on Gome.

If I can't meet my expectations, I have to hurry up and proceed with my next plan.

I know the style of your investment banks. You don’t think it’s urgent to talk about such a large deal for a year or so.

But for me, time is money.

A year later, I may have earned a Gome out.

At this time, every day of delay, I lost money.

Now I am willing to exchange 1.35 million shares. In ten days and a half months, I may bid 1,000,000 Weibo shares. If Mr. Bill thinks that Li Dong's words are not credible, he can give it a try. "

Li Dong is not polite to these investment bankers.

It's all for money, for profit.

If you give him a chance to make money, even if you call him daddy, he will be willing.

But if you don't give him a chance to make money, it's no use calling him dad.

Everyone has a naked interest relationship. It’s okay to play the emotional card with people in other industries. If you talk about friendship with these world capital institutions, you don’t know how you will die in the end.

The total share capital of Weibo is 26000 shares, 13.50 million shares, which is actually less than 5.2%.

If you really want to exchange 7% of Gome's shares now, it's hard to say who wins and who loses.

At least in terms of value, Morgan Stanley still has some losses.

After all, after Li Dong became a shareholder of Gome, the impact of the next good news may increase the value of Gome.

Li Dong can be successful, and Li Dong can be defeated.

Once the deal between Li Dong and Morgan Stanley fails, it will either withdraw from Gome, or re-arrange and start to suppress Gome.

In any case, in the end it may be Gome's fiasco.

And by that time, Gome's shares will be of little value.

Instead, it is Weibo. Don't look at what Bill said is worthless. In fact, in recent years, the Internet industry has been the most profitable industry and the industry with the highest return on investment.

Ten times, hundreds of times the return, is not unusual at all.

In terms of industry, it is impossible to obtain such a return on investment, except to say that you should go to sleep.

Change, Damo is willing to change.

But before coming here, Morgan Stanley's appraisers and experts felt that it would be no problem to exchange 7% of Gome's shares with Weibo's equivalent.

In other words, 7% for 7%.

In addition, they won almost 3% of the equity before, that is to say, their total equity in Weibo will reach 10%.

Become the second largest shareholder of Weibo after Yuanfang.

With such an advantage, Morgan Stanley can take the initiative in the Weibo project even if it continues to raise funds.

If the operation is listed, they will get a huge rate of return in the future.

But now, Bill couldn't even do the equivalent replacement, so of course Bill didn't want to.

He didn't want to, and Li Dong didn't say anything.

This time he has to replace a lot of investment banks, if they all pay too high, Weibo will almost disappear.

Although Li Dong doesn't pay much attention to Weibo's industrial supplements, it doesn't mean he can't get along with money!

It is inevitable for Weibo to go public and make money. If it weren't for the lack of money now, he would not be willing to change it.

Seeing that Bill's face was uncertain, Li Dong looked at the time again and said: "Mr. Bill, how about it, you can go back and discuss it. I still have guests to receive, sorry."

Big Nose was stunned for a moment, and everyone else was also stunned!

Hell!

For the first time, really the first time, people from Damo were sent off as guests!

Before coming here, they felt that the initiative was theirs. Why now, it seems to be reversed?

They were surprised and astonished, but Li Dong didn't care.

The so-called initiative ultimately comes down to interests. Vampires only care about interests, and there is no need to talk about etiquette with big noses.

Of course, this is also divided into people and occasions. In public places, Li Dong has to pay attention to the demeanor of the state of etiquette.

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