RINAPE :: Volume #10

#906: Accepts overall

LNMTL needs user funding to survive Read More

ebay of Peter vice-president Tom Anderson and PayPal founders Thiel face-to-face talk time, Meg Whitman is shouldering annoyed of board of directors in the strength. ebay的副总裁汤姆・安德森与paypal创始人之一彼得・蒂尔面谈的时候,梅格・惠特曼正在力扛董事会的恼火。 When the market presents the advantage spatial news, falling of stock price is very difficult to save by the operation, Meg Whitman makes the stocks in all shareholder hands shrink 7% in one day, however this is also only a start, once PayPal with Muye Science and Technology signing and Muye Science and Technology official holding PayPal, the ebay stock price will also fall again one round. 当市场出现利空消息的时候,股价的下跌很难靠操作拯救,梅格・惠特曼让所有股东手中的股票在一天之内缩水7%,然而这还只是个开始,一旦paypal跟牧野科技签约、牧野科技正式控股paypal,ebay的股价还会再跌上一轮。 One after another twice, the stock price at least falls down more than ten percentage points. 接连两次,股价至少掉下去十几个百分点。 Meg Whitman has been waiting for Tom Anderson anxiously, is waiting for him to the automatic feedback, if Tom Anderson this effort is defeated, that feared this matter really unable to rescue. 梅格・惠特曼一直焦急的等待着汤姆・安德森,等着他给自己反馈,如果汤姆・安德森这次努力失败,那恐怕这件事情就真的救不回来了了。 When Meg Whitman is unbearably anxious, Tom Anderson makes the phone call, In short is saying in high spirits: „PayPal and Muye Science and Technology gave us one to be possible be called perfect oer together!” 就在梅格・惠特曼急不可耐的时候,汤姆・安德森打来电话,第一句话便是兴冲冲的说道:“paypal和牧野科技一起给了我们一个堪称完美的oer！” Meg Whitman closely examines immediately: „What oer?” 梅格・惠特曼顿时追问:“什么oer？” Tom Anderson voice somewhat shivers, said: „Peter Thiel a moment ago in telephone in China Elon Musk as well as Li Mu made the communication, they had a new idea, their both sides are willing to make us control stock PayPal, but we can only account for 51% stocks, Li Mu's Muye Science and Technology must account for the PayPal 29% stocks, the primitive team accounts for remaining 20%!” 汤姆・安德森声音都有些颤抖,道:“彼得・蒂尔刚才在电话里跟远在华夏的埃隆・马斯克以及李牧做了沟通,他们有了一个新的想法,他们两方都愿意让我们控股paypal,但我们只能占51%的股份,李牧的牧野科技要占paypal29%的股份,原始团队占剩下的20%！” The Meg Whitman instantaneous loosen, 51% are good! Controlled stock absolutely enough, at present only dare to expect so many, but thinks Muye Science and Technology must hold share, her brow wrinkle: „That can Li Mu also come in? After that did we become the partner with him?” 梅格・惠特曼心里瞬间一松,51%已经不错了！绝对控股就够了,眼下自己只敢奢望这么多,但是一想到牧野科技也要参股,她眉头一皱:“那个李牧也要进来？那以后我们岂不是和他成了合作伙伴？” Meg Whitman and has no favorable impression to Li Mu, the China young fellow who is wet behind the ears 20-year-old, brought such big trouble and crisis to oneself, she does not hope that in the future and Li Mu will become the partner. 梅格・惠特曼心里对李牧并没有什么好感,一个20岁的乳臭未干的华夏毛头小子,给自己带来了这么大的麻烦和危机,她一点也不希望日后和李牧成为合作伙伴。 Tom Anderson said: „The Li Mu's meaning is, hopes that Muye Science and Technology and ebay give PayPal to make the resources to induct together, in the meantime, he is willing to coordinate us to promote the business development of ebay with YY in all countries outside China, in return, we must tie up with his YY are entering the overseas market together, in other words, both sides can achieve a strategic alliance in the future.” 汤姆・安德森却说:“李牧的意思是,希望牧野科技和ebay一起给paypal做资源导入,同时,他愿意用yy配合我们在华夏之外的所有国家推动ebay的业务开展,作为回报,我们也要和他的yy捆绑在一起进军海外市场,也就是说,将来双方可以达成一个战略同盟。” Meg Whitman is somewhat stunned. 梅格・惠特曼有些错愕。 Not only Li Mu unexpectedly wants to buy stock in PayPal, but also wants to cooperate with ebay, moreover regardless the PayPal level, two companies cooperates directly, this may really be a little not as she expected, but thinks carefully advantages, Meg Whitman all of a sudden is at heart excited. 李牧竟然不只是想入股paypal,还想跟ebay合作,而且是抛开paypal层面,两家公司直接合作,这可真是有点出乎她的意料,但是仔细想想其中的利弊,梅格・惠特曼的心里一下子激动起来。 Does not have the means is not excited! No matter oneself have any colored spectacles to the China internet enterprise and to Li Mu, what oneself cannot deny, the YY present momentum is too truly fierce, what is different from ebay, ebay makes any market to need to pound a lot of cash and resources together promotes, YY is different, the one cent does not use the flower, can attack and occupy the elite class in this market rapidly, this plague general self- dissemination strength, is ebay has a dream wants to obtain. 没办法不激动！不管自己对华夏互联网企业、对李牧有什么有色眼镜,但自己不能否认的是,yy现在的势头确实太猛,与ebay不同的是,ebay做任何一块市场都需要砸大量现金和资源推动,yy却不一样,一分钱不用花,就能迅速攻占这块市场上的精英阶层,这种瘟疫一般的自我传播力,是ebay做梦都想得到的。 If cooperates with Li Mu, in the future ebay can certainly offer mutual benefit and achieve common progress, accord to his need and grows with YY together. 如果跟李牧合作,将来ebay一定能够和yy互惠互利、各取所需、共同成长。 This is also not most important, the most important thing is, ebay, if success holding PayPal, the biggest crisis can pass at present safely . Moreover, ebay and Muye Science and Technology establish the cooperation, to ebay, is a huge good news, by that time, the ebay stock price will definitely soar. 这还不是最重要的,最重要的是,ebay如果成功控股paypal,眼下自己最大的危机就能够安然度过,而且,ebay和牧野科技建立合作关系的话,对ebay来说,又是一个巨大的利好消息,到那个时候,ebay的股价必然会一飞冲天。 Thinks of here, Meg Whitman had made the decision in the heart, in public in private, must comply with this oer immediately, and lets this oer landing as soon as possible, otherwise own pressure is too big, to soon shouldered motionless. 想到这里,梅格・惠特曼已经在心底做了决定,于公于私,都必须立刻答应这个oer,并且尽快让这个oer落地,否则自己的压力太大,大到快要扛不动了。 At this time, Tom Anderson said in telephone: „PayPal and Muye Science and Technology have a relatively harsh request.” 这时候,汤姆・安德森在电话里说:“不过paypal和牧野科技有一个相对苛刻的要求。” Meg Whitman blurts to ask him: „What requests?” 梅格・惠特曼脱口问他:“什么要求？” Tom Anderson said: „although PayPal is willing to let us and Muye Science and Technology invests at 15 hundred million USD estimate values, but the issue is, they make us first pay the fund that his 29% stocks need for Muye Science and Technology, when the time comes gives the Muye Science and Technology loan form without interest in sign the contract by us, but Muye Science and Technology after Series C rounds finances gives us this money repayment.” 汤姆・安德森说:“虽然paypal愿意让我们和牧野科技以15亿美元的估值入股,但问题是,他们让我们先替牧野科技支付他那29%股份所需的资金,到时候以我们给牧野科技的无息借款形式签署合约,而牧野科技在c轮融资之后再把这笔钱偿还给我们。” Meg Whitman listens almost to spit blood. 梅格・惠特曼听完几乎吐血。 Becoming angry out of shame actually not, but experienced the Li Mu's method finally. 倒不是恼羞成怒,而是终于见识了李牧的玩法。 She knows that Muye Science and Technology is preparing to melt Series C rounds, but has had no explicit news, this can understand actually, a Muye Science and Technology estimate value day a type, does not talk about a right price, Li Mu will not readily make the capital come in absolutely. 她知道牧野科技在准备融c轮,但是一直没有任何明确消息,这倒是可以理解,牧野科技的估值一天一个样,不谈到一个合适的价格,李牧绝对不会轻易让资本进来。 To finance has not financed, in other words the Li Mu massive cash flows, at 15 hundred million USD estimate values, have not bought stock in 29% on hand, Li Mu needs to pay 435 million cash, does not need to know, he surely does not have so much money, otherwise some so much money who also runs to finance. 想融资还没融资,也就是说李牧手头并没有大量的现金流,以15亿美元的估值,入股29%,李牧需要支付4.35亿现金,不用想都知道,他是肯定没这么多钱的,否则有这么多钱谁还跑去融资。 But Li Mu astutely astute, Li Mu is very at heart clear, if he first finances buys stock in PayPal again, the capital must follow to occupy small advantage, therefore he, if thinks that occupy small advantage, must first invest finances again, may first invest also does not have money, what to do? Only can play most shameless spatial glove white wolf. 而李牧精明就精明在,李牧心里很清楚,如果他先融资再入股paypal,资本就必然要跟着占便宜,所以他如果想自己占便宜,就必须先入股再融资,可先入股的话又没钱,怎么办？只能玩最无耻的空手套白狼。 Now Meg Whitman has also learned, Li Mu actually collaborated with PayPal, challenged oneself army, almost compelled itself in the dead end, now puts out such attractive oer to seduce itself, if oneself complied, must pay this 4.35 hundred million USD for Li Mu, oneself although was not glad to be this fool very much, but under the situation, means did not have. 现在梅格・惠特曼也已经看明白,李牧其实是跟paypal联手,将了自己一军,把自己几乎逼到绝路上,现在又拿出这么一个诱人的oer来诱惑自己,如果自己答应,就要替李牧支付这4.35亿美元,自己心里虽然很不乐意当这个冤大头,但迫于形势,一点办法也没有。 Once oneself comply with this oer, Li Mu does not spend the one cent, became the PayPal shareholder, in the account although owed itself 435 million, but the company estimate value grows may continue this 435 million. 一旦自己答应这个oer,李牧不花一分钱,就成了paypal的股东,账面上虽然欠了自己4.35亿,但公司估值增长的可远不止这4.35亿。 Thinks of this time, Meg Whitman 10,000 aggrievedness, but she also very helpless realizing, once some oneself this aggrieved feelings, represented in the subconscious to decide to accept. 想到这的时候,梅格・惠特曼心里一万个憋屈,但是她心里也非常无奈的认识到,一旦自己心里有这种憋屈的感觉,也就代表着自己潜意识里已经决定接受了。 Therefore she said to Tom Anderson: „You hurry back as soon as possible, my reported the board of directors, when you came back to convene the board meeting together.” 于是她对汤姆・安德森说:“你尽快赶回来,我这就上报董事会,等你回来一起召集董事局会议。” ...... …… Morning of September 20. 九月20号早上。 Li Mu before embarking to go to Muye Science and Technology, deliberately put on very appropriate formal dress, energetic that especially oneself dress up. 李牧在出发前往牧野科技之前,刻意穿了一身非常得体的正装,把自己打扮的格外精神。 Puts on the formal dress reason to have two: Has subscribed this evening to go to the school to attend the welcoming a newcomer party, gives a speech in the Junior Brother study younger sisters who at the party give the new admittance ; 穿正装的原因有两个:一个是早就订好了今天傍晚要去学校参加迎新晚会,在晚会上给新入学的学弟学妹们做一个演讲; Another, was Muye Science and Technology announced to the public the news yesterday, this morning must hold a press conference in Muye Science and Technology. 另一个,是牧野科技昨天才对外公布的消息,今天上午要在牧野科技召开一个新闻发布会。 The reason of development arrange/cloth meeting is very simple, ebay accepted own oer overall, even included taking advantage of 4.35 hundred million USD to Muye Science and Technology, is used to give Muye Science and Technology to purchase the PayPal 29% stocks. 开发布会的原因很简单,ebay全盘接受了自己的oer,甚至包括了借4.35亿美元给牧野科技,用来给牧野科技收购paypal29%的股份。 This time press conference scale is very big, not only invited all domestic media, even also invited all developed countries in the Yanjing media reporter. 这次的新闻发布会规模很大,不但邀请了所有的国内媒体,甚至还邀请了所有发达国家在燕京的媒体记者。 At this release conference, Li Mu and Elon Musk one and ebay representative same place, formally announced to the outside world, ebay and Muye Science and Technology buy stock in the PayPal news together, and everyone in release conference signing contract. 在这次发布会上,李牧将和埃隆・马斯克一以及ebay的代表一起,正式对外界宣布,ebay和牧野科技共同入股paypal的消息,并且大家会在发布会现场签订合约。 In addition, Li Mu will also announce, in the future Muye Science and Technology and ebay achieves the news of strategic partnership on the overseas market development, once this news announced, is also good to ebay, is also good to Muye Science and Technology, is an enormous good stimulation. 除此之外,李牧还会宣布,未来牧野科技将和ebay就海外市场发展达成战略合作伙伴的消息,这个消息一旦宣布,对ebay也好,对牧野科技也好,都是一个极大的利好刺激。 At present the media have not known Muye Science and Technology as well as PayPal reached the cooperation agreement with ebay, therefore today's release conference, will certainly become an international internet industry, even the blockbuster news of financial industry. 目前媒体还不知道牧野科技以及paypal跟ebay达成了合作协议,所以今天的发布会,一定会成为一个国际互联网行业,甚至金融行业的重磅新闻。 This ebay is really neat, on the same day accepted own oer after the board meeting, and cannot attend to sending people from US (America) to come, everyone signs the contract, after the tripartite legal long-distance determination contract has no issue, ebay entrusted them to come on behalf of ebay in China person in charge with Li Mu directly, as well as Elon Musk signing. 这次ebay真的是干脆利落,当天在董事局会议之后就接受了自己的oer,并且根本顾不上派人从美国过来,大家把合约订好,三方法务远程确定合约没有任何问题之后,ebay直接委托他们在华夏的负责人代表ebay来跟李牧,以及埃隆・马斯克签约。 Actually the contract core provision of trilateral cooperation is simple, both sides at 15 hundred million USD actual estimate values, buy stock in 51% and 29% respectively, in the 15 working days after contract signing, both sides pay the account the fund, at the appointed time then completed entire bought stock in the process. 其实三方合作的合约核心条款非常简单,双方以15亿美元的实际估值,各自入股51%和29%,合约签订后的十五个工作日内,双方将资金支付到账,届时便完成了整个入股过程。 According to the regular flow, before a company invests and invests another company, must first in view of this company makes the improvement completely move with the audit work, but Li Mu caught up with skillful, about PayPal all completely adjusted the work and audit work, ebay has completed, moreover was please the extremely specialized team do, at that time according to completely compromised audits, now the estimate value that 15 hundred million USD estimate values did has not changed, therefore Li Mu also gave up completely compromising audits, approved this estimate value directly. 按照正规流程,一个公司入股、投资另外一家公司之前,首先要针对这家公司做完善的尽调与审计工作,但李牧就赶了个巧,关于paypal的所有尽调工作、审计工作,ebay早就已经做完了,而且是请极其专业的团队做的,当时就是按照15亿美元估值来做的尽调和审计,现在估值没变,所以李牧也就放弃了尽调和审计,直接认可了这个估值。 In officially before the release conference signs, Li Mu must with the ebay representative in secret first sign a loan agreement, is lent Muye Science and Technology 4.35 hundred million USD by ebay, this sum of money will pay Muye Science and Technology in three working days in the US (America) subsidiary company account. 在正式于发布会上签约之前,李牧要跟ebay的代表私底下先签一个借款协议,由ebay借给牧野科技4.35亿美元,这笔钱将在三个工作日内支付到牧野科技在美国的分公司账上。 This sum of money completely interest-free, moreover does not have the explicit date of redemption, what the repayment time writes: In Muye Science and Technology completes next round financing, and repays the financing amount to the 30 working days after account. 这笔钱完全免息,而且没有明确偿还日期,偿还时间写的是:在牧野科技完成下一轮融资、并且融资金额到账之后的三十个工作日内偿还。 In other words, if Li Mu also wants very one year or so to finance again, ebay will not urge the repayments, so long as after financed, their. 也就是说,如果李牧还想挺个一年半载再融资,ebay也不会催促还款,只要等自己融资之后再还他们款就可以。 ebay is filthy rich, has reserved 1.5 billion cash to be used to purchase PayPal from the stock market, at present lends Li Mu's continually, altogether also used 80%, is 12 hundred million USD, therefore they have no fund pressure, to the ebay back board of directors, they do not care taking advantage of Li Mu this money, once after all the contract of trilateral cooperation signed, ebay can propagandize this huge good news in US (America) at the same night. ebay财大气粗,早就从股市中预留了15亿现金用来收购paypal,眼下连借给李牧的,一共也才用了80%,也就是12亿美元,所以他们对此也没有任何资金压力,对ebay背后的董事局来说,他们也不在意借李牧这点钱,毕竟一旦三方合作的合约签了,ebay就能连夜在美国宣传这个巨大的利好消息。 Once this sum of money to the account, will pay by the Muye Science and Technology US (America) subsidiary company to PayPal at the appointed time, completes officially entire invests, later remaining was the independent debt relations of Muye Science and Technology and ebay. 一旦这笔钱到账,届时会由牧野科技的美国分公司支付给paypal,正式完成整个入股,随后剩下的就是牧野科技和ebay的单独债务关系了。
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