Meg Whitman was struggling with the board of directors when Ebay Vice President Tom Anderson interviewed Peter Thiel, one of Paypal founders.

When negative news appears in the market, the decline in stock prices is difficult to save by operations. Meg Whitman made the stocks in all shareholders shrink by 7% in one day. However, this is just the beginning. Once Paypal signs a contract with Muye Technology, Muye Technology will officially hold Paypal and ebay's stock price will fall for another round.

Two consecutive times, the stock price fell by at least ten percentage points.

Meg Whitman was anxiously waiting for Tom Anderson to give him feedback. If Tom Anderson failed this time, he might not be able to save this matter.

Just when Meg Whitman was impatient, Tom Anderson called and said excitedly: "Paypal and Makino Technology together gave us a perfect Oer!"

Meg Whitman immediately asked: "What oer?"

Tom Anderson's voice was trembling and said, "Peter Till just communicated with Elon Musk and Li Mu who are far away in China on the phone. They had a new idea. Both of them were willing to let us hold Paypal, but we can only hold 51% of the shares. Li Mu's Muye Technology will hold 29% of the shares of Paypal, and the original team will account for the remaining 20%!"

Meg Whitman felt relieved in his heart. 51% was already good! Absolute holding is enough. At present, she only dares to expect so much, but when she thought that Muye Technology would also want to participate in the shares, she frowned: "That Li Mu is coming in too? Then will we become partners with him in the future?"

Meg Whitman didn't have any good feelings for Li Mu. A 20-year-old Chinese boy who was still young has brought such a big trouble and crisis to herself. She doesn't want to become partners with Li Mu in the future.

But Tom Anderson said: "Li Mu means that he hopes that Muye Technology and EBAY will introduce resources to PayPal together. At the same time, he is willing to use YY to cooperate with us in all countries outside of China to promote EBAY's business development. In return, we will also tie it with his YY to enter the overseas market, which means that the two sides can reach a strategic alliance in the future."

Meg Whitman was a little surprised.

Li Mu not only wanted to invest in Paypal, but also wanted to cooperate with EBAY. Putting aside the paypal level, the two companies cooperated directly, which was a bit beyond her expectations, but thinking about the pros and cons of it carefully, Meg Whitman suddenly became excited.

There is no way not to be excited! No matter what tinted glasses I have towards Chinese Internet companies or Li Mu, I cannot deny that yy is really too strong now. Unlike ebay, ebay needs to spend a lot of cash and resources to promote it in any market, but yy is different. You can quickly capture the elite class in this market without spending a penny. This kind of plague-like self-dissemination power is something that ebay dreams of dreaming of.

If you cooperate with Li Mu, ebay will definitely be able to benefit and yy in the future, each obtains what you need, and grow together.

This is not the most important thing. The most important thing is that if ebay successfully controls Paypal, its biggest crisis will be able to survive safely. Moreover, if ebay establishes a cooperative relationship with Makino Technology, it will be another huge positive news for ebay. By that time, ebay's stock price will inevitably soar.

Thinking of this, Meg Whitman had already made a decision in his heart. Both public and private must agree to this OER immediately and let this OER be implemented as soon as possible, otherwise he would be under too much pressure and would be too great to bear it.

At this time, Tom Anderson said on the phone: "But paypal and Makino Technology have a relatively strict requirement."

Meg Whitman blurted out, "What are the requirements?"

Tom Anderson said: "Although Paypal is willing to allow us and Makino Technology to invest at a valuation of $1.5 billion, the problem is that they ask us to pay the funds needed for Makino Technology first, and then sign the contract in the form of an interest-free loan we have for Makino Technology, and Makino Technology will repay the money to us after the C round of financing."

Meg Whitman almost vomited blood after hearing this.

It wasn't that I was so angry that I was so angry that I finally saw Li Mu's way of playing.

She knew that Muye Technology was preparing for the C round of financing, but there was no clear news. This is understandable. Muye Technology's valuation is different every day. Without talking about a suitable price, Li Mu would never let the capital in easily.

He has not raised funds yet, which means that Li Mu does not have a lot of cash flow at hand. With a valuation of US$1.5 billion, he invests 29%. Li Mu needs to pay 435 million in cash. It doesn’t matter that he has no such money, otherwise who would go to raise funds with so much money?

Li Mu is smart and smart. Li Mu knows very well that if he raises funds first and then invests in paypal, capital will inevitably take advantage. So if he wants to take advantage of himself, he must invest and raise funds first. But if he invests first, he has no money. What should he do? He can only play the most shameless way to make a fortune.

Now Meg Whitman has also understood that Li Mu actually joined forces with Paypal, forced himself to the extreme, and now he has taken out such an attractive OER to tempt himself. If he agrees, he will pay Li Mu the $435 million. Although he is not happy to be the sucker, he has no choice but to be forced to the situation.

Once he promised this OER, Li Mu became a shareholder of Paypal without spending a penny. Although he owed him 435 million yuan on the books, the company's valuation grew far more than this 435 million yuan.

When she thought of this, Meg Whitman felt ten thousand frustrated, but she also felt helplessly that once she felt such frustrated, it meant that she had decided to accept it in her subconscious mind.

So she said to Tom Anderson: "Come back as soon as possible, I will report to the board of directors and call a board meeting together when you come back."

...

On the morning of September 20th.

Before setting off for Muye Technology, Li Mu deliberately wore a very decent formal outfit, dressing himself up in an extremely energetic manner.

There are two reasons for wearing formal clothes: one is that I have already booked it and I will go to school to attend the welcome party this evening, and give a speech to the newly enrolled juniors at the party;

Another is the news that Makino Technology only announced yesterday that it will hold a press conference at Makino Technology this morning.

The reason for holding the press conference is very simple. Ebay accepted its OER completely, including borrowing US$435 million to Makino Technology to acquire 29% of Paypal shares for Makino Technology.

The press conference was very large in scale. It not only invited all domestic media, but also invited media reporters from all developed countries in Yanjing.

At this press conference, Li Mu will join Elon Musk and ebay's representatives to officially announce to the outside world that ebay and Muye Technology jointly invested in Paypal, and everyone will sign a contract at the press conference.

In addition, Li Mu will also announce that in the future, Muye Technology will reach a strategic partner with ebay on the development of overseas markets. Once this news is announced, it will be a great positive stimulus for ebay and Muye Technology.

The media does not know that Makino Technology and Paypal have reached a cooperation agreement with ebay, so today's press conference will definitely become a major news in the international Internet industry and even the financial industry.

This time, ebay was really straightforward. After the board meeting that day, he accepted his OER and didn't bother to send someone to come from the United States. Everyone signed the contract and the three methods to determine the contract remotely, ebay directly entrusts their heads in China to sign a contract with Li Mu and Elon Musk on behalf of ebay.

In fact, the core terms of the contract for the three-party cooperation are very simple. The two parties invest 51% and 29% of the shares at an actual valuation of US$1.5 billion. Within 15 working days after the contract is signed, both parties will pay the funds to the account, and the entire investment process will be completed.

According to the formal process, before a company invests in another company, it must first do a complete due diligence and audit work for the company. However, Li Mu made a coincidence that all due diligence and audit work of Paypal have been completed, and it was hired by an extremely professional team to do it. At that time, due diligence audit was conducted at a valuation of US$1.5 billion. Now the valuation has not changed, so Li Mu gave up due diligence audit and directly recognized the valuation.

Before signing the contract at the press conference, Li Mu had to sign a loan agreement with ebay's representative in private, and ebay would lend it to Makino Technology for US$435 million. The money will be paid to Makino Technology's branch account within three working days.

The money is completely interest-free, and there is no clear repayment date. The repayment time is: it will be repaid within 30 working days after the completion of the next round of financing by Muye Technology and the amount of financing is received.

In other words, if Li Mu wants to spend a year and a half to refinance, ebay will not urge repayment, just wait until he raises his own funds before repaying them.

ebay is rich and has reserved 1.5 billion yuan in cash from the stock market to acquire Paypal. At present, even the loaned to Li Mu only used 80%, which is 1.2 billion US dollars, so they have no financial pressure on this. For the board of directors behind ebay, they don’t care about borrowing Li Mu’s money. After all, once the contract of the three-party cooperation is signed, ebay can promote this huge good news in the United States overnight.
Chapter completed!