055 Winter has arrived, I am talking and laughing to myself
"Equity swap?"
Lu Huateng and Zeng Li Qing looked at each other, greatly surprised.
Lu Fei took out a piece of paper and wrote two companies on it. Donglu was on the left. He drew an arrow pointing to Penguin on the right and wrote "cash + equity" on the arrow.
"Not only do you have cash and equity, but after the acquisition, your team retains control over Penguin. Unless there are major decisions, I will not interfere and reserve an option pool for you. What do you think?"
I have to say that this idea is indeed feasible and tempting.
If the replacement is successful, they will get rid of the penguin with a bleak future and suddenly become a flying shareholder favored by capital. It seems that they will not lose money.
The key is, they continue to control the penguins!
Zeng Liqing glanced at Lu Huateng, and Lu Huateng glanced at him, making eye contact. They did not walk away, but asked tentatively:
"How much does Mr. Lu value Penguin?"
"8 million to 9 million US dollars," Lu Fei said.
Lu Huateng felt that it was underestimated. He had worked hard for a year and burned through 2.2 million U.S. dollars. It was only such a small amount, but it still cost 10 million U.S. dollars.
Lu Fei put down his pen, "Do you still think there is room for a premium for Penguin?"
"The number of our users is still growing rapidly." Lu Huateng picked up a pen, wrote down a few numbers on the paper, and circled the line "AOL (America Online) acquired ICQ for US$287 million" over and over again.
"But you don't have a profit model, otherwise it wouldn't be my turn, right?"
Lu Fei saw their expressions change, and it was obvious that they had hit their weak point. The office suddenly became quiet and the air became solemn.
In fact, chat tools are not difficult to make.
QQ can copy ICQ, Lu Fei can completely copy the future QQ and defeat Lu Huateng. Now QICQ has not been renamed QQ. The interface is not as personalized as that of later generations. The borders are rubbish and there are no avatars of the characters. They are like penguins.
The icons are not the Q version, they are quite ugly.
But the mind is full but the strength is not enough.
Feigou.com, Caifubao, plus QQ, 5 million U.S. dollars is simply not enough, and the manpower is not enough. Otherwise, why would Lu Huateng and the others be retained?
Even if someone has the energy but is behind on time, China Mobile will launch "Moneternet" in mid-January 2001. Penguin will immediately find a channel to monetize traffic, come back to life, and take off in an instant.
At that time, acquisition will be impossible!
He looked at the two silent people and said lightly: "Although you don't have it, I do, and I have an idea that can make Penguin profitable."
In an instant, like a bomb, it exploded in Lu Huateng's head, buzzing, and his confused eyes were full of heat.
Mr. Lu, ferry me!
Lu Fei kept a straight face, saying that the Buddha only helps those who are destined to him.
Zeng Liqing took a deep breath and said, "So, how much cash and how many shares of Feigou.com are Mr. Lu planning to take in exchange for 55% of our equity?"
"You have misunderstood. It is not Feigou.com, but Donglu Group."
"Donglu Group?!" Lu Huateng and Zeng Liqing were shocked.
Lu Fei nodded and crossed his hands.
If the equity of Feigou.com is still diluted, will it still be able to raise financing in the future? Feigou.com will swallow Penguin, become bigger and stronger, and won’t it benefit IDG and Carlyle Capital in vain?
"Donglu Group is not only Feigou, but also Caifubao. There will be more industries in the future. If you agree, Penguin is the third one, and its valuation is only bigger than Feigou."
"If Mr. Lu invests in Penguin, we welcome it."
Lu Huateng adjusted his glasses and wavered, "We have to go back and think about the acquisition of Penguin."
"Mr. Lu, give me an answer as soon as possible."
Lu Fei's tone was strong, and he felt that he hadn't pushed hard enough. He glanced at the computer screen and suddenly screamed, "It's not good!"
"What's wrong, Mr. Lu?"
Lu Huateng was puzzled. Looking in the direction of his gaze, he saw that the Nasdaq stock market was blood red, falling all over the screen, and the stock index was like a flood, pouring out.
"This this……"
Lu Huateng's eyes widened with horror. The last time such a terrifying sight was the financial tsunami in the Hong Kong stock market.
Lu Fei raised the corners of his mouth slightly and said: "The Internet bubble has completely burst!"
…………
"Back in March, the Nasdaq was on the verge of collapse.
51 Internet companies are facing depletion of cash flow, falling stock prices, executives cashing out, rising investment risk aversion and other factors, making it difficult for these companies to refinance.
The bubble finally burst and the U.S. stock market was in shock. Investors began panic selling. In less than three days, the Nasdaq index plummeted 13%. On December 6th alone, it fell more than 9%..."
Lu Fei browsed the "Wall Street Journal". The advantage of being with a group of top students is that he didn't ask questions, so he stumbled and barely finished reading.
My eyes moved back to the Nasdaq, which was called red, and it was a river of blood. It was extremely bright. Even Microsoft, Apple, Amazon, and Google were plummeting.
NetArt, New Wolf, and Sohu, not to mention, are diving like crazy. This is not even the climax. After the stock market crash broke out, New Wolf only had 1 US dollar per share, while Sohu and NetEase only had a few cents.
Lu Fei rubbed his hands. Instead of being frightened by the cold winter of the Internet, he was even more excited. The time to buy the bottom was almost here.
"Can you still laugh?" Xu Lei curled his lips.
"If you don't laugh, why are you crying?"
Lu Fei took out a cigarette from the cigarette case and threw it away: "You have been running here all day long. You are in Cao Ying and your heart is in Han. You might as well resign now and work with me."
"What an idiot am I? The Internet bubble has happened, Nasdaq has collapsed, and now I have given up my position as the department manager of Lianxiang and jumped on your ship?"
Xu Lei lit his cigarette and said, "Can your small boat be able to withstand this tsunami?"
He said this, but his body was honest and he ran over immediately.
Lu Fei calmly said: "Don't panic, Feigou.com will not die, Donglu will not die, and the Internet will not collapse. The 5 million US dollars I have are enough for me to survive until the day the Internet recovers."
"I know you should save some flowers."
Xu Lei frowned: "I heard that you have to contribute money and equity to buy QICQ. This thing is not difficult. You can just make one yourself. Why spend millions of dollars to buy one?"
“If one million users could be monetized, wouldn’t they become a hot commodity?”
"Cash it out? If you could think of how to cash it out, we, Lianxiang, would have invested long ago. Can we still let you get a bargain?"
"Lu Huateng came to see you, what happened next?"
"I haven't even passed the first level of the investment department." Xu Lei puffed out cigarettes.
"It's worthy of Lian Xiang's vision."
Lu Fei sarcastically asked, "How about we make a bet and I can make Penguin profitable. If it makes a profit..."
"Even if I give you even a penny of profit, I will resign from Lianxiang and work for you as the vice president!"
Xu Lei scratched his head, actually looking for a reason to change jobs.
After all, you can make penguins, who are generally considered unprofitable, make money, even in the cold winter of the Internet.
This person must be the British Master!
…………
"Ah sneeze."
"Ah sneeze!"
Lu Huateng grabbed his hair with both hands and pulled it hard. His hands were full of hair. Since he founded Penguin, he lost an unknown amount of hair. He is worried about survival every day.
It has only been a few days since the Nasdaq crashed, but the Internet industry has become a disaster star that major investment institutions avoid and avoid even giving them a chance to meet for coffee.
What's more, it's like a bottomless pit penguin!
Seeing Zeng Liqing coming over, he hurriedly asked: "How is it, how is it, what does Lian Xiang say?"
"The report was rejected by people from the investment department before it was handed over to the investment president Zhu Linan."
"Yingke, what's IDG's attitude?"
"Now they can't protect themselves. Li Zekai is very ambiguous. One moment he wants to follow up, and the other moment he says he wants to take another look. There is no certainty."
Lu Huateng said: "Where is the new wolf? Didn't Zhidong say that Mr. Wang will come to our place?"
Zeng Liqing sighed deeply: "Yes, I even locked him in the office and refused to let him leave, but nothing happened. Zhidong was at his wits end. He called and said that we only had less than 600,000 yuan left in our finances and we couldn't find any more money. We couldn't hold on. By the end of the year.”
Lu Huateng said anxiously: "Let's try again. Lu Fei said he has a way to make a profit, and we can also think of a way."
"Advertising, membership, Xu Chenye and the others are already working on it."
