Unfortunately, Fang Zhuo didn't meet Jobs, only a senior vice president of Apple.
The talks between the two parties were not too polite. Apple really wanted to acquire Yike and offered a very sincere price, purchasing 100% of Yike's equity for US$130 million.
Yike, which has just completed its Series A financing, was previously priced at US$88.88 million, which also means that it now has a value increase of nearly 50%.
Apple is very sincere, saying that it can use cash or carry out partial exchange of equity.
Moreover, the senior vice president of Apple expressed his appreciation for Fang Zhuo and promised that Fang Zhuo could join Apple with Yike and retain certain independent rights.
The Yike brand will not be shelved and will continue to operate in the market as a sub-brand.
Fang Zhuo was very moved.
Then...requiring Apple to implement these conditions into the contract, and also use the contract to conduct research within the company.
After all, Yike is not owned by Fang Zhuo alone. There are several venture capital institutions. He must respect IDG, Xiangjiang Universal, Capital Today, and Shenxin Technology.
Yu Hong also participated in the meeting.
After it was over, she sighed with some concern: "Wealth freedom, this is really wealth freedom, right in front of you."
Fang Zhuo sat silently in the car.
Yu Hong glanced at the boss casually and continued to sigh: "It's hard to refuse, especially when the other party actually promised to keep the Yike brand, which makes people tempted."
Fang Zhuo ignored her and quietly discussed the contract with Kong Yu.
Yu Hong took a sip of water and pursed her lips: "Mr. Fang, Apple recognizes Yike very much, and it also recognizes you very much."
"Have you ever used Panda washing powder?" Fang Zhuo suddenly asked.
Yu Hong was confused for a moment: "Uh, panda washing powder... I think I used it when I was a child."
"It was used more in the north. It used to be one of the top three in the domestic market share. Later it was acquired by Procter & Gamble. The price was increased by 50% without any improvement in the formula, and then it died."
Fang Zhuo introduced the situation of this domestic brand in a few words and commented: "Don't believe in the promise of keeping the brand independent. Once the acquisition is completed, there are a hundred ways to make the brand disappear from the market."
He added: "There are too many such situations, and..."
Fang Zhuo paused for a moment, realizing that the example he wanted to cite had not happened yet, and forcefully concluded: "So, don't take it seriously, are you stupid if you really think of foreigners? If you can eat the market by yourself, why should you leave a hole?
?Especially for a company like Apple that emphasizes its own ecosystem."
Yu Hong was very happy when she heard this, but the boss was not tempted.
"As for the price, it's not bad, but let's look at it again. I think US$130 million still doesn't reflect the current value of Yike." Fang Zhuo said with a smile, "Don't stop in the market, let's talk as we go.
"
Yu Hong understood: "You are trying to delay Apple's market response strategy!"
Kong Yu next to him chuckled, "Why is this? The boss wants the stone from his mountain."
Fang Zhuo nodded and said, "Yes, the slower Apple's strategy is, the more we sell. The more we sell, the higher Apple's price is."
Kong Yu suddenly hesitated, could this be the fundamental purpose of the boss? Yu is always the one who understands the boss better than me?
Fang Zhuo chatted for a while longer, then turned to talk to the person on the left about market strategies, and turned to the person on the right to talk about fund raising.
Grasp with both hands, both hands must be firm.
Regarding the response to the acquisition of Apple, Yike will fully discuss, study carefully, and consider it pragmatically.
So, it takes some time.
The next time set by Yi Ke for the meeting between the two parties is a week later.
Fang Zhuo hoped that Kong Yu could renegotiate a funding plan with the bank within a week.
However, before there was any news from the bank, Se C contacted by the law firm had feedback and would listen to Fang Zhuo Yifang’s acquisition statement and confidentiality application on May 25.
"I'll just read it according to the script. That'll be fine, right?"
Fang Zhuo got the manuscript first and found many dry articles on it.
Martin, the barrister who was fully responsible for the acquisition, nodded: "Yes, Mr. Fang, we have secured the maximum space."
Fang Zhuo believes in the professionalism of the lawyers at the law firm, but some difficult professional terms really need to be memorized to avoid affecting their performance.
President Yike actively and nervously entered the manuscript reading preparation state.
However...standing in the SeC review office in Washington, D.C., when Fang Zhuo finished reading the manuscript smoothly, he heard the impatient voice of a reviewer.
"Mr. Dongfang, what we want to hear is not these bills, but your reasons."
"Why do we believe that you are not launching an acquisition of Sina, a listed company, out of malicious intent?"
Fang Zhuo glanced at Lawyer Martin, who was also surprised, and knew that something unplanned had occurred.
He put down his manuscript and felt that if he hadn't been so sensitive, the nickname "Mr. Dongfang" would have reflected the other person's mentality.
Fang Zhuo didn't panic, he thought quickly and raised a finger: "First..."
After only a second's pause, President Yike had already organized his words: "Sina is a small company with a market value of less than 50 million US dollars. Even if it goes public, it will be nothing more than that."
"Secondly, the value of Yike Technology Company founded by me through Series A financing has exceeded that of Sina. Another listed company, Apple, is negotiating with me about acquisitions. The valuation given by the other party is 130 million US dollars, which is more than 2
of Sina.”
Fang Zhuo saw the doubtful expressions on many people's faces, turned aside and whispered a few words to the lawyer, asking him to go outside to find Kong Yu to get the Apple contract, and emphasized loudly: "The acquisition negotiation contract I will show you next
It is still in the confidentiality stage and is only used to prove the authenticity of what I said. I hope everyone will keep it confidential after reading it."
While the lawyer was getting the contract, Fang Zhuo continued: "Yike Company is just a company founded by me. I also founded an online medical company in China that has become the number one in the industry, and has successfully completed the first
Second round of financing.”
Another seated reviewer asked with interest: "Online medical treatment?"
Fang Zhuo nodded and introduced the development of the registration network familiarly, without mentioning any policy changes in the industry.
After the conversation was over, Apple's contract was brought in. The members of the EC review team looked at it one by one, some casually, and some carefully.
Fang Zhuo waited until the contract was passed to the last person, and still spoke in a loud voice: "So, the value of my company is higher than that of Sina. I have not only made achievements in one field, why should I maliciously target a small company?"
Woolen cloth?"
"I'm not a barbarian at Sina's doorstep, I'm here to help it."
"I'm not asking for a hostile takeover, I'm here to guide the work."
Fang Zhuo's posture is quite confident, his expressions are straightforward, and there is no subtlety or euphemism at all.
Sina's stock price is on the Nasdaq, and its situation reflects the views of Americans. Isn't it just a small company that was on the verge of delisting?
And the results I produced, not to mention how condescending, were at least enough to complete the coverage in terms of numbers.
Fang Zhuo watched the members of the C review team discussing with each other and heard lawyer Martin next to him breathe a sigh of relief, knowing that the situation had slowly turned around.
