bullyxtreme Chapter 423 Equity Replacement
Chapter 423 Equity Replacement
Yang Mo smiled bitterly and said: "Tang! I really can't hide anything from you! There are indeed some other reasons that cannot be brought to the table. You should have heard that nvidia and TSMC have established a long-term strategic partnership, and Huang Renxun and Zhang Zhongmou have a personal relationship. It's also very good, and TSMC is the biggest competitor of Zhiyuan Group's wafer factory..."
Valentin's eyes lit up, and he immediately understood Yang Mo's intention to cut down on salary, obtain a controlling stake in Nvidia, and transfer graphics chip orders from TSMC to Shida Semiconductor Production.
Valentine was secretly happy, have you ever begged me for help?Don’t miss this opportunity to maximize your profits easily!
Thinking of this, Valentine said with an embarrassed look: "Mr. Yang, I'm very sorry! Sequoia Capital has no plans to sell nvidia yet. Our investment team is very optimistic about nvidia's development prospects!"
Yang Mo smiled bitterly and said: "Tang! If you have any conditions, you can directly raise them..."
Valentin thought for a while and then said: "Mr. Yang, I am dissatisfied with your statement that the delay in nvidia's road show plan is actually related to the board of directors' disagreement on the company's valuation. The company's core team and Sequoia Capital believe that nvidia's valuation The value should be around US$100 billion, but the underwriters only want to IPO at a valuation of US$60 billion!”
"Don! Have you forgotten? Andy Investment is also one of the shareholders of nvidia. Nvidia's IPO valuation has always been between 48 and 53 billion US dollars. When was there such a high valuation?" Andy frowned and said.
Valentin said without changing his face or heartbeat: "That's just Beleda's wishful thinking! If we leave it to Sequoia, it's not impossible to value it at US$100 billion!"
Andy smiled and said: "If Huang Renxun lets Sequoia Capital serve as the lead underwriter, he will probably lose control of the company after the IPO?"
Valentine defended with an innocent look: "How is this possible? Sequoia Capital has never been involved in the management of enterprises..."
Yang Mo smiled bitterly and said: "I am a slave to you and I am a fish to you. Who makes me want the equity in your hands? Tang! You can offer a new price. Don't make it too outrageous. We will have room for discussion!"
Valentin pondered for a moment and then said: "Since Mr. Yang is so sincere, let's transfer our 80% stake in nvidia at a fixed price based on a valuation of US$19 billion. In addition, give us 10% of eBay's stake. After the IPO, The issue price is plus or minus 25%!”
"Don! Are you kidding? Today is not April Fool's Day!" Andy asked with a look of disbelief.
"No... no, Andy! I can only say that Mr. Yang has a highly consistent investment vision with our Sequoia Capital. I am also very optimistic about the development of nvidia. If Mr. Yang hadn't personally come forward, we would have lost our money in a short time. We will not sell Nvidia shares!" Valentine said with a "sincere" look.
"Acquisition of 60% of Nvidia's equity held by Sequoia Capital at a valuation of US$19 billion, and an additional 10% of eBay's equity, based on the issue price, will be transferred to Sequoia Capital at a discount of 15%. If Qianhai Asset Management has any objections, Zhiyuan Group will compensate for the price difference!" Yang Mo said after thinking for a long time.
Valentin shook his head: "Nvidia's valuation is US$75 billion, and eBay has dropped 20%. This is our bottom line!"
Yang Mo stood up, stretched out his hand and said with a smile: "Tang! I'm very sorry to make you travel in vain! This condition is beyond our tolerance. We hope there will be another opportunity to cooperate with you in the future!"
Valentine was obviously stunned!Negotiation, isn't it just a tug-of-war of bargaining between the two parties, so why is the table turned upside down?
Valentine stretched out his hand somewhat numbly, and after a few polite words, he had to stand up and prepare to leave.
"Don! Please think twice. No one will give you better conditions than Mr. Yang to cash out 11.4 billion US dollars at once. There are too many companies in Silicon Valley worthy of your investment. Why bother with money?" Andy advised.
Of course, Valentine would not miss the steps Andy handed over. He immediately stopped, turned to look at Yang Mo and said, "Mr. Yang, it's okay to follow your plan, but I still have a condition!"
"What conditions?" Yang Mo asked with a smile.
"Amazon's European branch and Asia-Pacific branch will be listed on Nasdaq and hand over the underwriting business to Sequoia Capital!" Valentine said.
Yang Mo nodded cheerfully: "Under the same conditions, Sequoia Capital has priority, and this can be written into the supplementary terms of the contract!"
After Valentin nodded in agreement, Yang Mo picked up the phone and walked out of the room, dialing Li Heping's number...
About ten minutes later, Yang Mo returned to the reception room, looked at Valentine and said: "Don! eBay's valuation has not been finalized yet. They will adjust the valuation at any time based on the progress of Amazon's IPO, but Mr. Li Heping has promised you According to the conditions, both of you can sign a cooperation agreement first, and then complete the equity transfer after the IPO!"
Valentine nodded, stretched out his hand and said with a smile: "Mr. Yang, happy cooperation! I hope we can have more cooperation opportunities in the future!"
Yang Mo smiled bitterly and said: "Tang! You are indeed the god of investment! In our first cooperation, we paid an extra US$2 million..."
Valentin chuckled and said: "Mr. Yang, I suddenly have a bad feeling that I will regret this transaction, and it may even become the Waterloo Battle of my investment career..."
Yang Mo also laughed and said: "Tang, to tell you the truth, I feel the same way!"
After sending Valentine away, Yang Mo looked at Andy and said, "Andy, we should be Nvidia's largest shareholder now, right?"
Andy nodded: "Yes, but there is not much difference with the founder team, and we cannot exercise the controlling rights for the time being!"
Yang Mo shook his head and smiled: "Andy, we are not trying to compete with Huang Renxun's team for controlling rights! As long as he is willing to transfer the production of graphics chips to Shida Semiconductor, we will support him like never before!"
"Then should we continue to acquire Nvidia's equity?" Andy asked puzzledly.
"Of course!"
"What about the acquisition funds? Use Andy's investment fund or reduce part of the equity?" Andy asked for instructions.
Yang Mo pondered for a moment and then said: "Use a small portion of investor funds, tie them to Andy's investment chariot, and then reduce their holdings of 2% of Cisco's equity..."
"Reduce 2% of Cisco's equity? Isn't that bad? Cisco's stock price will plummet..." Valentine said in surprise.
"What? Is there a problem?"
"The problem is huge! Cisco's current market value is close to 5400 billion. The major shareholders directly reduce their holdings by 2%, which is equivalent to a sudden withdrawal of $108 billion from Nasdaq. Not only Cisco's stock will plummet, but the entire Internet sector will also It may be affected..." Andy explained.