Chapter 1436 Solve the Problem of Money

Li Mu firmly believes that life is like climbing a mountain. Many people have the potential to reach the top, but the road to the top requires various factors such as weather, location, and people.

On the long road to the top, as long as you step on the air, you may be smashed to pieces. No matter how powerful Rao is, as long as he is tall enough, he will not be spared. Some guys who are fortunate enough to save a life, I am afraid that I no longer have the mentality and courage to reach the top.

The success of many people is a one-shot, like galloping over a choppy river from stone to stone, such as Bill Gates, such as Ma Huateng, such as Mark Zuckerberg, such as Steve Jobs, although these people are all He managed to run to the opposite bank in one go, but every step on the way was extremely dangerous, and it was impossible to recover.

Among these people, Steve Jobs had the most bumpy road to the summit. He failed several times and had to retreat to the foot of the mountain to find another way. He finally managed to gain a firm foothold on iPod and iTunes. Since then, he finally found The way of one go, and then the horse stepped on the alliance and killed the Quartet.

However, it is not only the iPod that supports Apple to become the world's most valuable company. For example, Zhu Di, the king of Yan who led his army south to usurp the throne, the success of the iPod can only support a vassal king and a fief, but cannot support a huge empire. If you want to conquer the world, It is necessary to attack the south step by step until Jinling City is captured.

Every step before the Jinling is actually very dangerous. If you are not careful, you will die without a burial. Jobs succeeded in his last life. Like Zhu Di, he succeeded miraculously, but in this life, he was not so lucky. Li Mu took away the iPod stone and let Apple, led by Jobs, fall into the turbulent river.

After knowing that Jobs had completely compromised, Li Mu concluded that Jobs was no longer the Jobs in his previous life. He was like Zhu Di in another parallel world. As soon as he took his army out of Yanjing, the main force was wiped out. , the failure made him lose his fief, and more importantly, his original animal nature and confidence.

Li Mu finally breathed a sigh of relief. He had Andy Rubin in his hands, and he would soon take Apple into his pocket. At that time, the two parties would be completely independent, so that Andy Rubin could use Linux according to his own ideas. On the basis of developing the Android of the previous life, which is the current MOS, at the same time, let Tim Cook lead Apple's R&D personnel to develop IOS on the basis.

If all goes well, in 2005, or 2006 at the latest, Makino Technology will be able to come up with two sets of smartphone operating systems in the true sense.

In Li Mu's vision, iOS must be completely closed-source and only used by its own mobile phones and other mobile hardware; as for MOS with Android as its core, it can be licensed to other mobile phone manufacturers by paying for authorization.

paid license,

But it is by no means a completely open paid license, not anyone who wants to buy it can buy it, but whoever wants to sell it can buy it.

By the time you have two mobile operating systems in your hands, every other competitor in the industry has become an ant.

Subsequently, Lin Qingya, on behalf of Li Mu, started further acquisition negotiations with Apple.

Lin Qingya, on behalf of Li Mu, made Li Mu's final offer to Apple: using the price of $4.15 on the day as the standard price and 90% of the standard price as the actual transaction price, to acquire all the shares in the hands of Apple's shareholders, after signing and confirming , with 4.15 yuan as the standard price and 150% of the standard price as the purchase price of the tradable shares, and proposed to Nasdaq for compulsory privatization.

For the acquisition funds paid to Apple shareholders, 50% will be paid for signing, and the remaining 50% will be paid within three months. The funds used to acquire the outstanding shares will be paid immediately when the privatization is initiated.

Regarding the purchase price of tradable shares, Li Mu can actually press down further. After all, Apple's stock price has performed too badly, and if the news of his own acquisition comes out, and then he abandons the acquisition because the cost of privatization is too high, then Apple's stock price will be too high. There will be another round of oversold. At that time, the stock price will hit a new low, and it will be difficult to think of it again, so as long as a premium of 20-30% is given, whether it is Nasdaq or retail investors and investment Everyone will accept it, and a forced delisting can be achieved.

However, for the corporate image of Muye Technology, Li Mu himself set the standard for privatization at a premium of 150%, which is regarded as the use of Muye Technology to replace Apple and compensate retail investors and other investors who have suffered heavy losses.

After all, Muye Technology must be listed on Nasdaq in the future. Li Mu didn't want to leave Nasdaq investors with the impression of being a smuggler. Spend more money to buy a good reputation and sell Nasda at the same time. If you save face, it will naturally be much more convenient when it goes public in the future.

Ding Jian settled the account for Li Mu.

At present, Apple's market value is about 3 billion US dollars, the proportion of tradable shares is almost 25%, and the market value is 750 million US dollars, that is to say, the funds used to acquire tradable shares are 1.5 times of 750 million US dollars, which is 1.125 billion;

The remaining $2.25 billion is paid to Apple shareholders at a 10% discount, for a total price of $2.025 billion.

Do the math, and that's $3.15 billion.

Leaving a certain amount of cash flow for Muye Technology, a maximum of 700 million US dollars in cash can be withdrawn, which means that Li Mu's funding gap is about 2.5 billion US dollars.

Seeing that Apple couldn't wait to be acquired, Ding Jian pulled Li Mu and Lin Qingya to touch them privately, specifically reminding Li Mu that the biggest problem with Apple's acquisition right now was not whether Apple would agree or not, but whether Muye Technology would take it or not. Got so much money.

With US$2.5 billion in cash, none of the Internet companies in the world can come up with so much money.

Everyone's market value is accumulated by high turnover, high gross profit, storytelling, and speculation. Most companies have low net profit margins, and they don't have enough money to spend on their own. They have to raise funds everywhere. How can there be 2.5 billion US dollars lying around? on the account.

This reminded Li Mu of a joke.

A woman without a trace of hair is taxiing, the driver stares at her, she asks herself, haven't she ever seen a beautiful woman without clothes? The driver said I was just curious, where the hell are you going to pay for it later.

Lin Qingya was also worried.

Li Mu kept telling her to move forward. Don't worry about money, the car must have a way to the front of the mountain. The premise is that the car will go to the foot of the mountain first. She was really afraid that this incident would end up flashing her waist.

However, Li Mu did not have this concern.

Li Mu said to Lin Qingya and Ding Jian, "You don't have to worry about the money issue. My brain power has roughly figured out an operation mode."

"What mode?" Both of them were surprised.

No financing, no loans, where will the $2.5 billion go?

If Makino Technology wants to take a loan in a bank now, the bank will not accept the pledge of net assets, they will definitely ask for the pledge of equity, and the valuation of the equity will be very low, which means that it wants to pledge the loan of 2.5 billion US dollars. , Muye Technology is likely to pledge more than 5 points of shares.

Speaking of pledge, it's not a big problem. After the listing, there is money to redeem it, but Wall Street is not a flock of sheep. These are all wolves. If you really pledge the shares of Muye Technology in the hands of these people, they don't know. What kind of monsters will come out for the sake of profit, such examples are not uncommon in the capital market of US imperialism.

Pledge in the country? Domestic banks will definitely sell Li Mu a face, but the 2.5 billion US dollars can't be equivalent to RMB, it has to be real foreign exchange, otherwise it would be strange for Apple shareholders to use RMB to buy their shares. .

Neither Ding Jian nor Lin Qingya knew how Li Mu could get 2.5 billion US dollars in foreign exchange, but Li Mu had a plan. He called Chen Ze in front of the two of them.

In Li Mu's view, Chen Ze is not only an interesting friend, but also one of the shareholders of Muye Technology. He made so much money by riding a car, so naturally he couldn't be cheaper when it was time to contribute.

When the call was connected, Chen Ze first asked Li Mu how he was doing in the United States. Li Mu greeted him for a while, and then said to him, "Old Chen, I have an idea in my head, I'm not sure if it will work, let me know and you can help me. Staff."

Chen Ze said with a smile: "Is there something you can't figure out? Come on and let me hear it."

Li Mu said: "That's right, I want to start a private equity fund in the CSC club first. In the short term, about half a year, the annualized income should not be less than 8%."

"Not less than 8%? It's high enough." Chen Ze smacked his lips, feeling a little bad, and asked him: "How much money do you want to make for such a high rate of return..."

Li Mu laughed and said, "You still understand me."

After a pause, Li Mu said, "There's not much money, just over 20 billion."

"My day..." Chen Ze blurted out: "More than 20 billion yuan, the scale of such private placement is too large, and it will be difficult to get through with normal procedures in the short term, and the state will not approve it."

Li Mu said, "Don't worry about this for now. You make an assessment first, and mobilize the entire CSC. Can you raise 20 billion in cash?"

Chen Ze said without hesitation: "As far as the amount of money is concerned, it is definitely possible. Now the CSC club has more than 1,000 members in the country. I can tell you this, the children of most of the richest people in China are in our club. , I did some rough statistics before. The net worth behind the entire club members is already hundreds of billions of dollars. If they use hundreds of billions of dollars as leverage, the amount of funds they can leverage is even greater. You give them 8%. They don’t have to take the money themselves, they only need to use their relationship to easily get funds with an annualized interest of less than 5%. If you take this money and lend it to you, you will earn half of the interest. It is easy to make money with money, so let alone 20 billion, if the national policy allows it, 200 billion is not a problem."

"Okay, that's why I give 8% annualized income, as long as I can guarantee to raise enough funds." Li Mu said: "I'll ask you one more question, if I take more than 20 billion, go to the central bank Do you think it is reliable to help you exchange 2.5 billion US dollars of foreign exchange and get it in the US market for capital operation?"

Chen Ze was stunned for a long time, and asked Li Mu, "Brother, are you still awake... Exchange for 2.5 billion US dollars in foreign exchange? Do you know what such a large amount of foreign exchange means? The central bank releases so much foreign exchange. The loss is too great, and no one dares to take such a risk, unless you are a central enterprise and have the endorsement of an institution above the ministry."

Speaking of this, Chen Ze remembered something, and added: "By the way, the fact that you raised more than 20 billion in cash has almost no possibility of success. Even if it succeeds, it will leave a handle. If someone wants to trouble you, it is easy to make a big fuss about this matter, not to mention taking more than 20 billion in cash and going to the central bank for 2.5 billion US dollars in foreign exchange..."

Li Mu smiled and said, "I'm not buying that Apple company in the United States, I don't have enough money."

After speaking, Li Mu said again: "Then let me ask you again, what if I promise to wait for the successful IPO of Muye Technology, return the 2.5 billion US dollars with the principal and interest, and then invest an additional 2.5 billion US dollars in China? Domestic investment must first be converted into RMB at the central bank.”

Chen Ze was stunned and said, "What do you mean, first borrow 2.5 billion US dollars in foreign exchange from the central bank, and when Makino Technology is listed in the United States, you return the 2.5 billion US dollars, and then give the central bank another 2.5 billion US dollars..."

"That's right, and it's guaranteed at $2.5 billion, and it's very likely to be more." Li Mu said, "After the successful IPO of Muye Technology, all the money we raised from the US stock market was in US dollars, and part of it was invested in China, right? Is there foreign exchange?"

Chen Ze sighed after a long while: "If you had said this earlier, I would not have talked to you about the legality of private placements. Go directly to the central bank for this matter, and the central bank will definitely be willing to help. The approval process that needs to go through, I will I believe that with the strength of Muye Technology and your personal style of behavior, there is definitely no problem. Even if you don’t look at these, just looking at the foreign exchange of 2.5 billion US dollars will help you, so you can even save the 8% annual interest rate of private placement. "

Li Mu said: "That can't be done. I directly ask the central bank to borrow US dollars. This is a blatant violation of the state's foreign exchange management regulations. Even if the central bank opens a back door for me and leaves others behind, there will be hidden dangers. It is better to curve the curve to save the country, 8% The annualized rate of interest is negligible compared to the cost of getting my money out of capital.”

Speaking of this, Li Mu added: "The most important thing is that the members of the CSC club have relatively strong family backgrounds. If this private equity is brought out by one or two hundred or even five or six hundred millionaires from all over the world, the interests behind this matter. The group is quite large, and even if people want to make a fuss, they have to weigh the energy behind it. I am spending 8% of the interest and pulling a group of people to carry it with me."

"Understood." Chen Ze said: "I will wait until tomorrow to vent about this matter. If the central bank nods, I will start the private placement business in China. I think it will be your $2.5 billion. The promise, this matter is also inseparable."

"That's good." Li Mu breathed a sigh of relief and said, "If it's OK, move forward as soon as possible, and strive to get the money in place this month, so as not to have too many dreams at night."

"Don't worry." Chen Ze said with a smile: "This is a good thing that brings the best of both worlds and benefits each other. I will promote the implementation as soon as possible."

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