Chapter 906 (1/2)
When Tom Anderson, eBay's vice president, interviewed Peter Thiel, one of PayPal's founders, Meg Whitman was struggling with the board's anger.
When there is bad news in the market, it's hard to save the decline of stock price by operation. Meg Whitman let all shareholders' shares shrink by 7% in one day. However, this is just the beginning. Once PayPal signed a contract with Muye technology and Muye technology officially controlled PayPal, eBay's share price will fall another round.
Twice in a row, the stock price dropped at least a dozen percentage points.
Meg Whitman has been anxiously waiting for Tom Anderson, waiting for his feedback. If Tom Anderson fails in this effort, I'm afraid this matter will not be saved.
Just when Meg Whitman was impatient, Tom Anderson called and said, ”PayPal and Makino technology together give us a perfect offer!”
”What offer?” asked Meg Whitman
Tom Anderson's voice was a little shaky, and he said: ”Peter til just talked to Elon Musk and Li Mu on the phone in China. They have a new idea. They both want us to hold PayPal, but we can only hold 51% of the shares. Li Mu's Pastoral technology wants to hold 29% of the shares of PayPal, and the original team accounts for the remaining 20%!”
Meg Whitman's heart suddenly relaxed, 51% already good! Absolute holding is enough. At present, she only dare to expect so much, but when she thought that Muye technology would also participate, she frowned: ”that Li Mu would also come in? And then we became partners with him? ”
Meg Whitman doesn't like Li Mu very much. A 20-year-old Chinese kid who hasn't dried up has brought so much trouble and crisis to herself. She doesn't want to become a partner with Li Mu in the future.
Tom Anderson said: ”Li Mu means that he wants Muye technology and eBay to import resources to PayPal. At the same time, he is willing to use YY to cooperate with us to promote eBay's business in all countries except China. In return, we should also tie up with his YY to enter overseas markets, that is to say, in the future, both sides can reach a strategic alliance.”
Meg Whitman was a little surprised.
Li Mu even wanted to not only invest in PayPal, but also cooperate with eBay. Besides PayPal, the two companies cooperated directly, which was a little unexpected to her, but Meg Whitman was excited when she thought about the advantages and disadvantages.
No way not excited! No matter what I think about Chinese Internet companies and Li Mu, I can't deny that YY is really in a strong momentum. Unlike eBay, it needs to invest a lot of cash and resources to make any market. YY is not the same. It can quickly capture the elite in this market without spending a penny. This plague like self-communication power That's what eBay dreams of.
If we cooperate with Li Mu, eBay and YY will surely be able to achieve mutual benefit, take what we need and grow together in the future.
This is not the most important thing. The most important thing is that if eBay succeeds in controlling PayPal, its biggest crisis will be able to survive. Moreover, if eBay and Makino technology establish a partnership, it will be another huge good news for eBay. By then, eBay's share price will surely soar.
Thinking of this, Meg Whitman has made a decision at the bottom of her heart. Both public and private must agree to the offer immediately, and let the offer land as soon as possible. Otherwise, her pressure is too great to bear.
At this time, Tom Anderson said on the phone, ”but paypal and Makino technology have a relatively demanding requirement.”
Meg Whitman blurted out, ”what's the request?”
”While PayPal is willing to let us and Makino technology take a stake at a valuation of US $1.5 billion, the problem is that they let us pay for Makino technology's 29% stake first, and then sign a contract in the form of interest free loan to Makino technology, and Makino technology will repay us the money after round C financing,” said Tom Anderson
Meg Whitman almost bled.
It's not that I was angry, but that I finally saw Li Mu's way of playing.
She knows that Muye technology is preparing to finance round C, but there has been no clear news, which is understandable. The valuation of Muye technology varies from day to day, without mentioning a suitable price, Li Mu will never let capital in easily.
If you want to raise money, you haven't raised it yet. That is to say, Li Mu doesn't have a lot of cash flow on hand. With a valuation of 1.5 billion US dollars, he has 29% of the shares. Li Mu needs to pay 435 million in cash. You don't have to know that he certainly doesn't have so much money. Otherwise, whoever has so much money will go to raise money.