Rebirth in a Perfect Era Chapter 1418: It ’s not easy to swallow a camel

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"Personally, the biggest problem with Muye Science and Technology's acquisition of Apple is not Apple itself, but Muye Science and Technology's offer to buy Apple."

Louis Martin Yes Li Mu Say:" Apple No matter how low the market value is, 3 billion US dollars will basically bottom out this round, after all Apple And own operations system And computer hosting business, and this wave of bad news came too fiercely, so Apple There will be a certain oversold phenomenon in the stock price. After the negative digestion is almost over, there will be a proper bottoming rebound. Let ’s take 3.5 billion US dollars as an example. Muye Science and Technology If the acquisition is to be successful, the quotation must be at least 5 billion yuan. The two parties will negotiate with you for a few rounds. The actual operating price should be around 5.5-6 billion US dollars. "

"55-6 billion?" Li Mu smiled slightly, refusing to say anything about Louis Martin.

In fact, his psychological price, even if it is 7 billion USD to buy Apple is not expensive, if it can be taken down from 5.5-6 billion, it is really small advantage to grandma ’s house.

However, simply looking at the number of 5.5-6 billion USD, although small advantage, but for Muye Science and Technology, it is also a huge amount of money. With the current capital volume of Muye Science and Technology, I want to swallow such a camel, far from suppressing Its stock price is so easy.

Louis Martin asked Li Mu: "Chief Li, assuming that Apple accepts a privatized acquisition at a valuation of 6 billion USD, how does Muye Science and Technology plan to pay this huge amount of money? Muye Science and Technology ’s last round of financing only raised 3.3 billion USD If you remember correctly, there are 300 million USD used to cash out to the shareholders. The actual injection of operating capital is only 3 billion USD, and Muye Science and Technology has invested a large number of data processing centers around the world. This money should also be spent Seven of 7-8 is eight? "

Li Mu nodded and said: "Muye Science and Technology can't get 6 billion USD in cash, but you can choose other solutions."

Louis Martin asked: "Do you want to use part of the cash, supplemented by part of the shares of Muye Science and Technology for mergers and acquisitions?"

Li Mu smiled and asked: "I am crazy? I used Muye Science and Technology shares to acquire Apple? Let Apple shareholders change from holding Apple shares to holding Muye Science and Technology shares? Isn't this a blessing for them?"

Louis Martin nodded and asked in surprise: "How are you going to raise this fund?"

Li Mu said: "We can first negotiate with Apple to talk about an intent price, and then communicate with Apple shareholders, pay part of the cash first, then pay the rest after Muye Science and Technology is listed, and pay them a considerable interest Do you think it works? "

Louis Martin said: "I personally think that Apple shareholders may not agree, they are all masters of playing capital. If they no longer optimistic about a project, they will choose to stop loss and cash out as soon as possible, and then use the money to do other things. Investment, these people do not care about the interest rate. On the contrary, they are all people who like to give interest rates to others and use other people's money to invest. "

Speaking of this, Louis Martin looks at Li Mu said with expectation: "Chief Li, in fact, the best way is to make another round of financing with Muye Science and Technology, and use the money to buy Apple. Roughly estimate, Muye Science and Technology ’s current The valuation can be more than 70 billion USD. If you refinance another round and dilute 10% of the shares, the funds for the acquisition of Apple will come out. The remaining money can be used for other layouts. "

Li Mu smiled slightly and said, "Before the IPO, I am not going to refinance."

Muye Science and Technology's current user size, product strength, team strength, and support strength are very strong, and the gap with other competing products has also opened up 108,000 miles, and YY's value-added service income is very considerable. The profits of "Paradise Town", "Plant Wars Zombie(s)Online" and the YY game hall are also very high, and there are gold-absorbing behemoths such as Muying Ticketing system. The overall profit is very considerable, and there is no place to burn money in all business lines At this time, Li Mu does not need a lot of money to **** the market, so it is completely worthless to dilute the shares.

However, for Louis Martin and Sequoia, they are also very optimistic about the future of Muye Science and Technology, so they also hope to win more shares of Muye Science and Technology before the listing of Muye Science and Technology. The market value of Muye Science and Technology is rising fast, exceeding Imagine that the sooner you get the shares of Muye Science and Technology, the sooner you can lock in huge profits.

although Li Mu is not ready to raise funds, but now it wants to acquire Apple. Money is indeed the biggest problem. Li Mu does not have so much cash. The most valuable is the Muye Science and Technology shares, but this time it is not worthwhile to exchange the shares for Apple.

However, after all, now is the best window period to acquire Apple. Whether it is the stock price of Apple or the confidence of Apple managers, they will bottom out completely in the recent period. If they can take Apple before bottoming out, Next, from now on, if you want to take the Apple after the bottom rebound, the cost will be much higher.

This is similar to the mentality of domestic retail stocks. When the stocks continue to fall and stop, the stocks in the hands are deep and they want to sell, but they cannot sell. At this time, dreams want to cut the meat quickly. But once the limit is opened, many people Instead, he was willing to sell, because he felt that since the limit had been opened, it indicated that it was not far from the rebound. It may be possible to take off after making up part of the loss, and even hope that the stock can rise to a new height.

Thinking about it, Li Mu still feels that the acquisition of Apple is the most reliable in the near future, so he said to Louis Martin: "Louis, I immediately set up a project division dedicated to the acquisition of Apple, project division is personally responsible for me, you are responsible for Senior consultant of project division, I have worked hard for two days to help you sort out the specific plan for Muye Science and Technology's acquisition of Apple. I also started to investigate the lowest quotation that Apple might accept. After the World Health Organization lifted the warning of the China epidemic in the past few days, I personally went America, take this thing landing. "

Louis Martin nodded and said, "Since I am here, I will naturally try my best to help you reach the goal with Muye Science and Technology, but then again, why should you wait for the WHO to lift the outbreak warning before going to the United States?"

Li Mu said, "I will do my part as a public figure to fulfill my responsibilities and obligations. I stayed at Yanjing throughout the epidemic. I hope to set an example for myself and increase everyone's confidence in resisting SARS. I don't want to leave because I am halfway Epidemic area, and affect some people. "

"I understand." Louis Martin said: "Since this is the case, we will start to prepare for the first few days. The time is not very urgent. After all, Apple will not be able to handle this mess in a short time. Of. "

......

Today, Yanjing and the SARS epidemic in the country have been very effectively controlled. According to the first-hand information available to Muye Science and Technology, no new patients have appeared in Yanjing in recent days, and patients in Xiaotangshan Hospital have recovered.

According to this rhythm, within a month, the impact of SARS can be completely ended. By that time, the people of the whole country will be able to breathe a sigh of relief.

However, Li Mu speculates that WHO should not be so harsh. They cannot wait until all patients are discharged from the hospital to announce the removal of the threat. Judging from the actual situation of the current domestic epidemic control, even if the threat is now announced. There is no problem.

Once the WHO announced that the China epidemic crisis was lifted, Li Mu ’s mission in SARS was completed. At that time, the first thing Li Mu had to do was to fly to the United States quickly and take the backlog of things in one breath Handle cleanly.

The most important issue is the acquisition of Apple, in addition to other business development of Muye Science and Technology in the United States.

Mark Zuckerberg ’s Facebook has also been launched online. In order not to interfere with his own ideas and to prevent Muye Science and Technology from framing Facebook ’s development space, Li Mu adopted a mode of operation for this project. , Let Mark Zuckerberg make trouble on his own, but even so, Li Mu still has to understand the situation and see if this young man ’s thinking pattern is any deviation from previous life, if so, help him to change it quickly, If not, he will continue to let him run forward.

There is also Elon · Musk. He has been waiting for further communication with Li Mu on electric vehicle and commercial launch vehicle projects. Both of these projects require a long time and funds to slowly develop, before getting the final answer of Li Mu , Elon · Musk does not dare to act rashly.

Li Mu plans to spend a month in the United States to get all these things done, and then communicate with the people of Sequoia Capital about the Muye Science and Technology going to the US for listing. Now that the company is developing smoothly, it is time to plan the IPO.

IPO is an opportunity for companies like Muye Science and Technology to create MU Online / miracle.

The capital market is relatively calm. The value of Muye Science and Technology is relatively conservative. The valuation given by capital is relatively conservative. although sees the meaning of Louis Martin. Sequoia Capital is willing to give Muye Science and Technology a new valuation of more than 70 billion USD. But Li Mu is very disapproving of this valuation.

America online has a peak market value of nearly 200 billion USD, and Muye Science and Technology only takes one YY out. Which number of users, influence, and coverage does not far exceed AOL? Not to mention the tremendous power of the whole ecosystem when it is integrated, such a internet giant's valuation of only 70 billion USD, it is really nonsense.

However, Li Mu is also very clear in mind, because of the capital ’s performance, a valuation of 70 billion is not a pit, and a maximum of 80 billion will be awesome, because they also have to reserve profit space for themselves, even if they are all in The shares waiting to skyrocket after listing, so it is impossible to value Muye Science and Technology with the market value after listing.

For the circulation market, investors have great confidence in a healthy and story-telling company, which can often bring a higher price-earnings ratio to the company. The end result is that the stock price and market value soar. Even more powerful.

Integrating the current market of the entire internet industry, if Apple is successfully acquired, Li Mu is confident that after Muye Science and TechnologyIPO, the market value will quickly exceed 150 billion USD, and even after Mango-ME2 and YYtunes mature and Muye Science and Technology successfully digests Apple, it will impact 200 billion USD Market value mark.

By that time, the Muye Science and Technology fundraising amount will probably reach 20 billion USD, that is the real realization!