I am a chaebol in South Korea

Chapter 145: Parasite

It cost $350 million to acquire a stake in Facebook, and it would only cost more to acquire Twitter.

US$1.8356 billion sounds like it will take more than a few lifetimes to spend.

But when it came time to use it, Li Zhenyu only hated the missing zero before the decimal point.

"Currently, the highest offer received by Twitter is 230 million."

"If there is no higher offer, will Facebook take any action?"

"No, Microsoft is interested in contacting it, but the price offered is not satisfactory."

"Claire , How much do you think we should pay?"

Li Zhenyu had a rough figure in his mind, but he still wanted to hear what others thought.

Claire cheered up. She thought the offer of 380 to 400 million was the most appropriate.

But when she thought about the huge difference between her offer for Facebook and the actual amount...

Claire bent down without interest, "How about 4...500 million?"

She judged that the offer for Facebook would not exceed 20 million. Dollar.

The truth is, $20 million is just the beginning.

The quotation for the large speaker was 140 million, which was an increase of 20 million. It was also the first one to be eliminated.

If he really filled it out as he said, no one would be in the mood to enjoy champagne, cigars, chat and laugh and fly to San Francisco to make the next investment.

500 million should be enough...

The rise of the IT industry has confused Claire's understanding and judgment of money.

Since then, the unit of measurement of money is based on billions.

Could it be that the financial crisis that is happening outside is fake?

"As you said, after landing... Yingjun, you are responsible for submitting a quote to Twitter."

"Okay, brother." Zhao Yingjun nodded with a smile.

"Has PD Park contacted you? How are the distribution talks going?"

Negotiations with Columbia are still continuing, and PD Park almost stayed in the studio and refused to leave.

There are several other companies, the most sincere being Paramount.

"Where's MGM?"

"They're very interested, but they don't have the money."

A clever woman can't make a living without rice. MGM is heavily in debt and is looking for money all over the world to save its life.

If you really hand over "Parasite" to them, there will be no problem in its distribution.

A skinny camel is bigger than a horse. MGM's channels and connections are still there, but don't think about publicity.

If it is released directly, how much box office it can win depends entirely on the quality of the film itself.

An overseas film from South Korea without any publicity...

Li Zhenyu gave up the idea and instead thought about whether he could take the opportunity to win the operating rights of MGM. '

Providence Equity Partners holds 29%; Texas Pacific Capital Partners holds 21%; Sony USA holds 20%; Comcast holds 20%; DLJ Commodities Bank Partners holds 7% ; Sifang Group holds 3% of the shares.

This is MGM's current equity structure, and the company's debt is around US$4 billion.

If Li Zhenyu is willing to reach an agreement with creditors on the grounds that he is 'responsible for paying off debts', he will join forces with shareholders to reorganize the company into bankruptcy.

Is it possible to seize the magpie's nest by issuing additional equity and obtain part of the equity and operating rights, and become a world-class film giant through backdoor borrowing?

As soon as this idea appeared, it took root deeply in his mind.

"Claire, what's the name of your baby-faced assistant? I need to talk to her personally."

Such a big case was handed over to a junior lawyer who had been in the industry for less than half a year. Claire once again lamented, "This world is really crazy." '

But the case she has to deal with is also worth hundreds of millions of dollars.

Even if she wanted to withdraw, she didn't have time, so she could only tell her the important part repeatedly, "Less debt, more equity, and outsiders are not allowed to interfere under any excuse."

Claire also knew that this request was a bit excessive, but fortunately the boss had his own idea.

"Time, if the debt cannot be paid off within 5 years, the shares and management rights will be returned, and the company will voluntarily resign."

This was the answer given by Li Zhenyu. Without this, why would the other party believe him?

MGM, which used its debt to become one of the eight largest companies, only promised to turn losses into profits without any time limit.

If he forces the company to go bankrupt and is in custody, he can then use his equity to get a share of the pie.

All the benefits are given to him alone. Where in the world can such good things come from?

...

"Li, congratulations on your successful investment in Facebook. This is an excellent investment."

When I met Ivan Williams in San Francisco, the other person was very proactive, as if he had been waiting for his arrival.

"Ivan..."

"Call me William, that's what my friends call me... We are friends, right!"

Li Zhenyu smiled slightly, catching the friendly gesture from the other party: "Of course, William... I thought of the purpose of coming here. , you already know."

"Yes, come for it." Williams pointed upward, where Twitter's computer room is.

Li Zhenyu nodded and said, "Tell me your conditions!"

"430 million, all paid in cash."

The conditions raised by Williams left Li Zhenyu stunned on the spot.

He didn't expect things to go as smoothly as he did, and neither did the team members who came with him.

The other party had rejected the olive branch offered by Google and Microsoft before, so why did it change its mind now?

Claire thoughtfully asked, "Does it have to be cash?"

"Yes, all of it." Williams said firmly, this was his only request.

As long as the other party is willing to pay him cash, Twitter is his.

It doesn't matter whether he wants to close Twitter, split it up, sell it, or resell it to someone else, such as Facebook's Zach.

Williams didn't care, he only cared about the money he could put in his pocket.

"We need to discuss alone, okay?"

Claire winked at him, and Williams spread his hands and said, "No problem, I'm in the office. Call me anytime after the discussion."

After leaving the conference room, Williams looked back Inside, Claire was leaning over to explain something to the man.

"Cash, what he wants is cash."

After staying in South Korea for too long, she almost forgot the powerful purchasing power of cash.

In most acquisitions and mergers and acquisitions, cash payment accounts for only a small part.

Then use stocks, funds, equity/industry/interest exchange, etc. to fill in the remaining shortfall.

Williams is a cautious person, and he knows all too well what will happen if he cooperates with these large companies and industry giants.

Count the founders and teams who were compensated with shares from large companies and 'sold' the company to them.

The final outcome is either to be eliminated, or to be marginalized and become a marginal figure, gradually losing their former spirituality and talent, and becoming a useless person.

Among the few who were able to escape unscathed, none of them had a profound background.

He does not have such a deep background, and he is not willing to get involved with large companies, so he has repeatedly rejected acquisition invitations from giants such as Microsoft and Google.

They will only confuse themselves with shares and the future, just like Google's plan, which promised to become a subsidiary of Google, and they and the founding team can retain 25% of the shares.

With Google's endorsement and support, the company's valuation will jump up and down the stairs.

By then, the stocks in their hands will be a huge fortune.

Of course, in addition to shares, they will also receive cash compensation of US$5 million.

If things were as they say, Williams would have sold the company to them long ago.

The fact is that once they give up their management rights and start daydreaming with stocks and money, what awaits them will be multiple rounds of financing, their shares will be diluted, the team will be marginalized, and they will lose any ability to intervene.

Finally, when the company IPOs, it will either be liquidated or hold on to a negligible share of the stock.

It's a pity to throw it away, but it's tasteless to eat!

Once you figure out the key, you won't have any doubts about Williams' proactiveness.

Finally, a 'real moneymaker father' with cash in his hands came up. If you don't hurry up and get up on the pole, are you going to have to wait for those big liars who can only sell their words?

"BOSS, it's time to bargain."

Claire was confident and felt that she could do it again.

Now that Williams wants to walk away with cash, the initiative is in their hands.

Adding together the world's richest people, not many can afford to spend hundreds of millions of dollars in cash at once.

Net worth and cash have always been two different things.

After another discussion, Zhao Yingjun walked out of the conference room and waved forward.

Williams, who had been observing them, rushed back immediately.

Although he wanted to appear nonchalant, his hurried steps still betrayed the true urgency in his heart.

"William, we agree to your request and pay in cash."

Hearing the good news, a smile couldn't stop growing on his face.

But the next second, Williams' smile froze.

"After discussion, the quotation we gave is 320 million. It's time for you to express your sincerity."