Adrian called the CEO of ICQ in front of Su Yehao.
After reporting my home address, I received an affirmative reply on the spot that they were in contact with AOL. The reasons why ICQ shareholders had the idea of cashing out are quite complicated. It boils down to the fact that the traffic cannot be monetized, and the extremely high customer acquisition cost makes it difficult for them to cash out.
ICQ is overwhelmed, but investors are still not optimistic about its development prospects and are unwilling to invest money in it.
The phone has the speaker on.
When Su Yehao met the CEO of ICQ and talked to Adrian, his tone seemed very excited. He couldn't help but smile happily, shook his head slightly and sighed.
As the world's first successfully developed instant messaging product, the management of this company is faced with darkness. They have to explore all the roads themselves, such as how to make money, how to reduce customer acquisition costs, and how to formulate future plans.
Development strategic planning, etc.
From the current point of view, ICQ is obviously not successful enough in these aspects and has almost reached a dead end. It continues to hold on to the instant chat itself and has narrowed its path.
To put it figuratively.
This company has already grabbed a gold nugget, but they don't know it.
It can only be said that starting a business too early is not necessarily a good thing. Facing the endless wilderness, how to turn land into fertile farmland is a science. The current time is obviously not suitable.
America Online, with a market value of tens of billions of dollars, has initially mastered the password to getting rich by adopting a "paid chat group" model. This method is undoubtedly a bit cliché. With the advent of the free wave, if it is not changed, it will inevitably
will be eliminated by users.
The heart beats much faster than usual.
Su Yehao, who was nervous, only heard David, CEO of ICQ, ask on the other end of the phone: "So... how much is your client willing to pay to acquire our company?"
Adrian immediately looked at Su Yehao, with a questioning look in his eyes, and said: "I asked my friends, AOL hopes to use 320 million U.S. dollars to acquire all of your shares, right? Ours
Customers are willing to pay..."
[To be honest, I have been using Yeguo to read and catch up on books recently. I can switch sources and read aloud with many sounds. www. Android and Apple are available.]
Su Yehao stretched out a finger, pointed upward, and said something silently.
I just wanted to say hello today, but I didn't expect the other party to be so direct. Su Yehao had not discussed the asking price in detail with Adrian. Previously, he only said that the valuation was around 350 million US dollars.
Valuation is one thing, but the actual transaction price is another.
ICQ has been losing money one after another, and the losses are getting bigger and bigger. Few people think that it is really worth that much money. Otherwise, the Silicon Valley giants would have swarmed over, and there would be no chance for Su Yehao.
Adrian carefully read Su Yehao's mouth movements, and while nodding, he said: "My client is willing to add 10 million US dollars, with no other conditions attached, and it will be settled after the transaction is completed. Moreover, I will treat you well after the acquisition."
Some employees, AOL just want to get rid of competitors, they have their own technology, I think you know this, right?"
Su Yehao understood this simple English.
330 million U.S. dollars, and his budget is about 350 million U.S. dollars, which is more than 200 million Hong Kong dollars, which is more expensive than the unlisted Earl Medical Group.
Having made such an important decision in just a few days, Su Yehao's blood pressure was soaring.
I had been thinking about raising money before, but now I was thinking about whether I could close the deal.
ICQ has not yet been listed, which means that once the board of directors approves it, the process can start directly. Su Yehao currently only has more than 50 million US dollars that he has allocated to invest, which is far from the amount that needs to be paid. He has to sell the pot...
…
John Zhou could not understand Su Yehao's "down and out" mentality. After listening to it with him, he only felt nervous and exciting.
A few days ago, he was thinking about how to help TVT accumulate enough users and help his programmers find bugs. In the blink of an eye, they started discussing the acquisition of ICQ.
As the company's chief operating officer, how could John Zhou not know how much it would help TVT after taking over ICQ, the second largest company after America Online? Even if it only attracts one-tenth of the users to TVT, it would be
There are 700,000 people, who are considered very good even in Silicon Valley, and are eligible to participate in some forums, parties, etc.
Hearing the interest shown in ICQ CEO David's words, John Zhou became even more excited and just wanted to hear the other person say "deal".
Unfortunately.
The other party said that they would discuss it with the board members first and quickly hung up the phone.
…
Trading is likely to accelerate.
Adrian is going to prepare negotiation materials, and Su Yehao is going to raise money.
Asking Adrian to ask clearly about the conditions of the leveraged buyout, as well as handling fees and interest, Su Yehao contacted President Peng of the Bank of China again and directly asked if the US$100 million could be approved, and promised that as long as this cooperation was successful, there would be more cooperation in the future.
Help Bank of China bring in some big business.
People can't narrow the road. They may have to pay at any time, so they must be prepared first. Then they contacted the private jet, asked Nong Qingying to return to Hong Kong City to help, and then contacted several banks.
In addition, Su Yehao also called his father and asked for $100 million.
Far away in the casino.
Mr. Su had just fallen asleep when he heard that he wanted to borrow 100 million US dollars. He was sleepy and angry, and said: "Money, money, money! I thought something happened to you, and you can't wait until tomorrow? Do you know?"
You know how hard it is for me to get a good night's sleep at my age. If I don't keep in touch with you, it's definitely not good for me. Do you think I'm a money printing machine?"
Su Yehao, who was too lazy to explain too much, told me decisively: "Borrow me from the company's account, and I will pay you back an extra 50 million US dollars by the end of the year. I'm here to save you, Dad!"
"...Tell me first, why do you want money? If you are kidnapped, just say hello."
"..."
The reason why Su Yehao didn't say hello to his father was because he was afraid that he would ask questions, so he explained helplessly:
"Acquiring a company, an Internet company, worth more than 300 million U.S. dollars. Whether our family can become the richest man in Hong Kong City in the future depends entirely on this effort. After sorting it out this year, we can go public early next year and make a lot of money. Sihai International should have
The credit line and the cash on the books are enough.”
"That's not right. Where is your own money? I asked your accountant last time. It should be a little over 2 billion Hong Kong dollars. It's more than 300 million US dollars. Is it all your money? Could it be that you were deceived?"
Father Su, who was completely sleepless, asked a series of questions very quickly.
Borrowing money will inevitably lead to disadvantage.
Su Yehao patiently explained for a long time, saying that his money was still useful for the time being, but his father was still worried and asked him to go back and talk in person and make careful plans.
There are huge differences in investment concepts. Once the two parties discuss it, they may be rejected.
I feel a little regretful about borrowing money, so I might as well think of other ways.
More than two hours later.
Su Yehao and Nong Qingying took a car to San Francisco Airport and went home to find change in person...