"Nicholas, don't be angry yet!"
Steven looked at Nicholas who was on the verge of breaking out, smiled and comforted him.
"If this transaction is really disrupted, none of our shareholders present will benefit."
Nicholas's eyes burned with anger and he glanced at all the shareholders except Lin Fan.
Many shareholders lowered their heads because this matter was indeed done somewhat unfairly.
"Okay, if you really want to sell Skip, we can't stop you."
Steven looked at Nicholas without showing any signs of weakness, "We shareholders here just want to reach a more reasonable solution."
Other shareholders nodded in agreement.
"That's right, I didn't mean to interfere with the dirty business."
"We just want to negotiate among shareholders and come up with a better transaction plan."
"Nicholas, don't be angry. Sit down and let's discuss it slowly."
…
With the persuasion of a group of shareholders, Nicholas temporarily suppressed his anger and sat back in his seat, but still stared directly at Steven.
Steven stood up and said with a smile: "The initial acquisition transaction amount is 2.6 billion US dollars. Logically speaking, DFJ holds 12% of the shares of Skyp and can get 312 million US dollars, of which 156 million US dollars are in cash.
eaby common stock valued at $156 million.
We can use part of the cash or eaby common shares to exchange the remaining rights and interests of the gambling agreement with other shareholders.
To make it easier for everyone to understand, let me give you an example!”
"Forest!"
Steven looked at Lin Fan, who had been silent, and called his name with a smile.
Lin Fan raised his head and looked at each other.
Steven smiled and said, "Lin, I don't know if it's convenient to give you an example."
"As long as you don't curse, you can do whatever you want!"
Lin Fan seemed very generous because he had guessed Steven's intention.
"Lin, you hold 8% of Scape's shares. If the bet is successfully completed, you can get up to US$120 million in three years, or the equivalent in eaby shares."
Lin Fan nodded, there was nothing wrong with this calculation.
"But if the bet fails, you won't get a dime."
Steven smiled and said: "In other words, this is actually a deck of cards. Whether you will make a lot of money or nothing is still unknown.
I am now willing to spend an additional ten million US dollars to buy this deck of poker cards in your hand, are you willing?"
Lin Fan shook his head, "I definitely don't want to. You can win up to 120 million U.S. dollars in poker. Will I sell it to you for 10 million U.S. dollars?
Anyway, if the bet fails, I will get nothing, so I am willing to bet!"
Steven looked at the other shareholders and said, "Lin is unwilling to sell this deck of cards. What about the rest of you?"
"I do!"
The shareholder representative of Mangrove Venture Capital was very cooperative and said with a smile: "Of course, the price must be reasonable!"
Other shareholders have also expressed their opinions, some are willing and some are unwilling.
Seeing this, Nicholas understood that DFJ had decided to focus on this 1.5 billion US dollar bet.
So confident? Aren’t you afraid that the bet will fail and DFJ lose all his money?
Steven has his own considerations. First, he will not pay too high a price to buy the gambling rights of other shareholders; second, even if the gambling fails, he will not lose too much, even in the Skip project.
Yes, I still made a lot of money.
"If there is to be an exchange between shareholders, let's decide it today!" Nicholas said calmly, "The people at eaby have said otherwise and will not wait until the time comes."
"Of course, it won't waste too much time."
Steven replied, and then began to trick other shareholders into selling "the gambling rights corresponding to the shares."
Most people don't want to sell because Steven's price is too low.
Taking Lin Fan as an example, Steven wanted to buy gambling rights worth up to US$120 million for US$10 million.
For many people, it is better to keep it in hand. If the bet is completed, wouldn't it be possible to make another huge sum of money?
Only fools sell it!
"Thirty million dollars, I will sell you my "120 million dollars"!"
Lin Fan, who had been silent for a long time, spoke and looked directly at Steven.
"Lin, stop joking. You don't think you can really complete the bet 100% and get the $120 million. We are also at risk."
Steven smiled and shook his head. He was optimistic that Skip would successfully complete the bet, but he was not 100% optimistic. He was 60 to 70% sure, so he wanted to use a small gain to create a unique "second harvest".
But if you don’t control the price well, you will be harvested by others.
"Then I won't sell it. I'm not in need of the $30 million."
Lin Fan was actually very interested in Steven's proposal, but this thing was about psychological warfare and he couldn't express his thoughts easily.
You have to survive!
Steven asked around a few more times, but almost no one was willing to sell.
"Steven, no one is stupid, just stop doing these things, it's boring!"
Nicholas found it a bit funny. Steven just wanted to rub other people's intelligence on the ground, so he couldn't help but sneered.
"Lin, do you want to sell it for US$20 million? This is the final offer."
After much thought, Steven decided to focus on Lin Fan as the breakthrough point.
Like Nicholas, DFJ also visited the shareholders of SkyPlace last night.
Among these shareholders, Lin Fan was the most short-sighted. Others hesitated, but only this Chinese person rejected them without hesitation, making it clear that he must sell the shares in Scape.
"make a deal!"
Lin Fan knew that it was basically impossible to squeeze out more than two ounces of oil and water, so he decided to stop as soon as possible.
Steven showed a satisfied smile and looked at other shareholders, "Is there anyone else who wants to sell? We will buy it at Lin's price!"
As a result, with Lin Fan taking the lead, someone actually sold their "gambling rights."
After all, whether the bet can be won or not will be revealed in three years, so it feels good to be safe now!
In the final count, including Lin Fan's 8% stake, a total of 40% of the gambling rights corresponding to the stake were sold to DFJ.
The price DFJ needs to pay is also high, with a cash payment of US$100 million!
Lin Fan finally saw the gambling nature of European and American capitalists!
Agricultural products, ore and energy futures were also first invented by these people.
As long as it is profitable, everything can be gambled!
DFJ bets US$100 million and earns US$600 million if he wins; if he loses, he still makes US$200 million in profit.
Because DFJ A and B invested in Skyp for two consecutive rounds, the investment cost was less than US$10 million.
After the meeting ended, Nicholas pulled Lin Fan aside and advised: "Lin, don't be fooled by Steven. That guy is obviously just taking a gamble."
"I'm betting too!"
Lin Fan didn't say the last part of the sentence: I bet you can't finish the bet.
Nicholas is the founder, and he will continue to work at Skyp, and he also has a lot of potential benefits.
So it's inconvenient for Lin Fan to say "the bet can't be completed" or something like that. Isn't that a curse?
Seeing that Lin Fan was determined to "just let it go", Nicholas stopped trying to persuade him. After all, everyone had their own ideas.
After reaching an internal consensus, negotiations with eaby were restarted the next day.
Nothing went wrong this time, and all shareholders of Skip happily signed the acquisition agreement.
At the same time, DFJ also signed an "Equity Transfer Agreement" with Lin Fan.
In other words, after signing this agreement, Skip will no longer have anything to do with Lin Fan.
After Yabo and other employees reviewed the agreement, Lin Fan readily signed his name.
Including this unexpected gain of US$20 million, as well as the US$104 million in cash paid by eaby and the equivalent of US$1.04 in eaby common stock, Lin Fan made a total of US$228 million.
It's just that the common shares of eaby cannot be sold for the time being. There is a six-month sales restriction period. Once the sales restriction period is over, they can be sold in batches and turned into cash.
After staying in Luxembourg for a few days and completing all the procedures for the transaction, Lin Fan boarded the plane back home.
At the same time, news spread like wildfire that eaby acquired Snap at a sky-high price of US$4.1 billion, and relevant news was quickly released around the world!
As the largest Internet merger and acquisition in recent years, Skip's sale of eaby has attracted countless attention.
Lin Fan, as an angel investor in Skip, has never been known to the public.
The reason for this is mainly because Skip is low-key and Lin Fan doesn't like to shout everywhere.
Nowadays, as soon as sky-high price mergers and acquisitions are announced, every detail of the transaction is observed by the media and Internet practitioners under a magnifying glass.
Lin Fan personally invested US$400,000 in Snap in the angel round and followed up with US$1.44 million in Series A financing, which was also revealed by the media through different channels.
Lin Fan holds 8% of the shares, and based on the transaction consideration of US$2.6 billion, he can receive US$208 million; based on the ideal price of US$4.1 billion, he is expected to receive US$328 million.
The media always likes to exaggerate reports, and this time is no exception.
Directly dividing US$328 million by the investment cost of US$1.84 million, Lin Fan calculated the return on investment, which was 178 times!
This is a decent media!
If you are unscrupulous, just calculate the return rate based on the $400,000 in the angel round, which is 820 times!
In fact, in the venture capital industry, a return rate of several times is considered a good level, and a return rate of 10 times is considered excellent.
As for the return rate of hundreds of times, it can almost be called a battle to become a god!
Returns of hundreds of times are almost only found in angel investments because they invest so little.
In fact, when many angel investors invest in a certain project, due to the excellent performance of the project, they make additional investments later to prevent their shares from being diluted.
The relevant news reported by the media almost ignores people's subsequent investment and only calculates the rate of return of the angel round, because in this way the headline is exaggerated and bluffing enough!
Lin Fan also enjoyed a "clickbait" treatment, and some media directly shouted out nearly a thousand times the reward!
As the media further dug out, some people discovered that this was Lin Fan's first venture capital exit project!
Lin Fan, who had just been promoted to "well-known investor", was dubbed by the media as "the one who reaches the peak after his debut".
If Lin Fanguang holds these titles, he can just start cheating and cheating, and he will have nothing to worry about for the rest of his life.
It's not too simple to trick a few wealthy people into investing a sum of money and setting up a venture capital fund.
The news that Lin Fan had made more than 300 million US dollars reached the United States, causing American people to exclaim.
Almost all Americans believe that Lin Fan will not be able to create more brilliant achievements except Facebook.
Tesla in the past is an obvious example. Now, with just one move, Skap has made a small profit of two to three billion US dollars. It is not particularly brilliant, but it is amazing enough!
Moreover, Lin Fan has only been in the industry for a long time, so I'm afraid it's just the beginning.
What’s interesting is that the partners from well-known American institutions who initially suspected that Lin Fan was not good at investing were all found out about their previous remarks, dragged out and whipped to death. The media and netizens made fun of them, but no one responded.
Play dead.
Under the countless praises, Lin Fan silently opened Facebook, Twitter, and the school network, and updated a news simultaneously.
"Successfully completed the first angel investment exit project in my life, and look forward to welcoming the first IPO exit!"
What is pretense, this is it!
But while others were showing off, it was Lin Fan's turn to be humble.
Lin Fan still has some loyal fans in the United States, and they have always paid attention to the developments of this business idol.
However, more than a month has passed since the last "Tesla incident", and Lin Fan has not updated his news.
When Lin Fan was on Facebook and Twitter, countless followers crowded in to leave comments, likes, and retweets.
Compared with Facebook and Twitter, Lin Fan's Xiaonei account seems much lonely.
His influence was limited to the school network in Beijing, and only Huang Xin had added Lin Fan as a friend.
Huang Xin replied to Lin Fan's update: Boss Lin is awesome. Please treat me to a drink when you return to China.
…………
…………
When the plane landed in Lin'an, Lin Fan got into the car that came to pick him up and drove to Ahri's headquarters.
Not long after, the car arrived at Ahri's headquarters.
As soon as he got off the car, Lin Fan saw a thin figure wearing cloth shoes and a smile on his face waving to him at the door of the building in the distance.
Lin Fan walked up and shook hands with the other party with a smile on his face, "Old Ma, long time no see!"
"Mr. Lin!"
Jack Ma took back his hand and gave Lin Fan a thumbs up, "I've heard about it in Lin'an, "eaby acquires Scape at a sky-high price, and Chinese investors make nearly 3 billion yuan."
Lin Fan couldn't help but laugh. These domestic reporters were all talented, and they even automatically converted US dollars into RMB. This made the number look bigger and more deceiving.
"Doesn't this count as an enemy?"
Lin Fan followed Jack Ma towards the building and joked with the latter with a smile, "People say that eaby has PayPal in his left hand, Skype in his right hand, online payment in one hand, and online communication in the other hand. He has all good cards.
After the merger and acquisition is completed, it will become one of the top Internet giants in the world."
Jack Ma waved his hands, with a calm look on his face, "That's too polite of you. Ahri has never been afraid of Eaby, and eBay won't be able to stay around for long."
Lin Fan smiled and nodded, "That's good!"
Jack Ma led Lin Fan to a conference room called "Guangmingding".
As soon as Lin Fan walked in, he saw Yang Zhiyuan and Son Zhengyi nodding and smiling at him.
"Mr. Lin, this investment from Skip is admirable!"
Chapter completed!