It is a terrible thing to fall into the pit and continue to lose money. Just like many shops with Mr. Hippo, they fall into the big pit dug by Alibaba without knowing it. At this point, the negotiating character created by Chu Yuanxi has become very lively, rational and objective, not only considering himself, but also considering the interests of partners. Even if this is not the best, never dig a pit.

During mergers and acquisitions, you are not afraid of price differences, but you are afraid of countless hidden pits. The larger the size, the more likely it is to have hidden pits. Therefore, Baren Games is a very good merger and acquisition subject, because of its high transparency, it is not easy to have pits.

Lao Fan was very happy for his decisive decision to jump out of the pit, and only heard Chu Yuanxi say: "It's just 34 billion."

"You're going to add 4 billion to such a big effort?" Old Fan was confused. Although their starting price was not low for 30 billion, there was a bid and a bargain. Normally, it was normal to raise the price by more than ten percent. In other words, when there was no small game IP plan in Baren Games, the number of 340 was not impossible to negotiate, but it was just not easy to negotiate.

What's more, 34 billion is really high for a non-listed company. In the past, Jack would have to come forward to talk, but the time is very special now. Jack has just retired, and Xiaoyaozi didn't have the intention to walk around when he first performed his duties.

However, if you can promote independent split or listing after success or listing within Lingxi, it is basically a business that will make a profit and will definitely not suffer any losses in money, and you can also get the assets, IP and genes of Baren Games.

Chu Yuan couldn't help but sigh: "It seems that I lost. You made money, you made money. But I still have some business conditions. Let's wait for the business manager to talk about something." In fact, his way of settlement is more rational. If Alibaba has agreed since August, then 340 will be less, but for a few months, the game company will still have more than 700 million in revenue every month.

What must happen before the merger is that Baren Games will definitely make an important round of dividends, and the merger target cannot include cash.

Old Fanxin said that he really made a profit, so he had to make a big profit quickly and immediately recalled the business managers, and then reported the business of both parties to their bosses separately.

Chu Yuanxi had given the opportunity before the negotiations, and he always acted according to the opportunity. Lao Fan's business was instead dealt with by chance, so he reported more.

Soon, Lao Fan frowned and asked, "That... the IP that DreamWorks and you worked with, "The Enemy of Rome", won't be installed? I thought it was inside too."

"Oh, do you still know that IP? It's obviously not installed. Can it be at this price when installed? Think about it? Besides, the value of that IP is far from the top. The overseas self-media account has not yet been raised. Even if we want to sell it, it's not now." Chu Yuanxi's face was rosy. "This form of cooperation, keeping the full copyright in the country, there are only two cases in the country. The only two happened in our company. We don't keep one? What we sell to you is Baren Games, not Baren copyrights..."

As he spoke, Chu Yuanxi slapped his uncle on the shoulder, "The copyright of the Baren is here. Look at this with thick eyebrows and big eyes, how much does it cost?"

Uncle Sheng had to laugh awkwardly.

Lao Fan found that there was nothing to say. Chu Yuanxi was already so kind, and there was no reason to ask for too much. Although there was a rumor that "Enemy of Rome" also wanted to develop games, it was a matter of no movie in terms of the current situation. Even if there was a movie, it was useless, because the matter of Baren Group still had to continue developing games after selling Baren Games was pk-edged last time.

Moreover, before this meeting, we had reached a preliminary consensus through online communication, and we definitely cannot stop it. First of all, it is useless to stop it. Secondly, Chu Yuanxi has no intention of playing word games, and he is confident that he must persist and there is no need to talk about it. We have to sell it.

Therefore, this business negotiation mainly talks about what both companies are doing games, and what Baren Group needs to avoid? As the party selling and receiving cash, it must have an obligation to avoid it.

There is no worries about Baren in this regard. Big Entertainment proposed to avoid mini games. Baren Business, who was prepared for it, immediately proposed that Baren Group agreed not to develop new mini games in the next two years.

Two years is still a bit short, but it is acceptable. However, Baren has clearly developed four mini games, corresponding to three IPs, but the business negotiations clearly proposed to retain the upcoming "The Unfaithful King" and the IP and game assets must be kept in the Baren Group.

In other words, the actual condition is that the mini-game will no longer be developed after "The Unfaithful Lord".

"Hey, that's strange. Why are you?" Lao Fan felt that it was a bit out of place. He had never heard of this IP, because it hasn't been online yet.

"Because... because you ask us to avoid the entire mini-game type, including all placement games, WeChat mini-games, operational light games, etc.," Chu Yuanxi said helplessly.

"What does this matter?"

"Yes, we gave you the entire "Come Out of the Troubled Times", so we will definitely not let us continue to use it, right? "Animal Company" is also given to you, and you also cut off the road to making IPs in our mini-games, and we have to avoid them for two years. Then we reserve the right to continue developing games, what are we doing?

There must be something to do, right? We have difficulties too. Isn’t this just right? Let’s keep this before "The Unrighteous and Unscrupulous" is available. Otherwise, don’t avoid it. Everyone can rely on their own abilities. Then we will give you this, simple and refreshing. What do you think? Or "Come to the Mountain in Troubled Times" is still for us to use."

Old Fanxin said that it was not very good! Why did I do it if I was trying to do it?

"Then agree." He looked back at the business people and asked, "There is no principled question?"

There is no principled problem here, but Chu Yuanxi has. Chu Yuanxi and other businessmen left, continued to negotiate cooperation details, and then smiled at Lao Fan: "Mr. Fan, I have a reluctant request."

"Say it, what's wrong?"

"The manager of Baren Games is Zhao Jie, my brother, I will ask him how he will position him after he has gone there."

"Just say what you mean?" Old Fanxin said how can you position it? Are there only a few forms of mergers and acquisitions in this regard?

"No, Zhao Jie didn't take the stocks of Baren Games. This company is a wholly-owned subsidiary. Everyone takes the stocks and options of Baren Group."

"I'm provoking (fuck)!"

Old Fan almost vomited blood. He never expected Chu Yuanxi to manage the company like this? This problem is so big that it is completely unsuitable for any common method.

Of course, there is also a way, that is, to give Zhao Jie and other backbones new incentives while trading. The problem is that it’s thanks!

If the employees of Baren Games were supposed to be holding 10% of Baren Games’ options, then how much would Alibaba pay for Baren Group after the final acquisition? 30.6 billion, because 340 is the total price.

This part of the options is settled in a five-year manner. Even if Baren Games has changed hands, the employees still have to work hard for more than four years before they can gradually cash out. So the money must be left on Alibaba's account. It is impossible to give the complete 34 billion yuan to Baren Group, otherwise it will become Chu Yuanxi who will pay Alibaba's employees in the next four years, which will be completely messy.

But now it is not, new incentives must be released by big entertainment. Isn’t this a disguised price increase?

"Ah, it's wrong!" Lao Fan suddenly exclaimed, "If we don't give Zhao Jie manager and encouragement, how can Zhao Jie's options in Baren Group be cashed? You can't hack his parent company's options and options just because the subsidiary is sold, right?"

"It must not be like this."

"Then you won't make any money like this." Lao Fan didn't understand even more. If you can't hack the parent company's options, assuming Alibaba accepts this condition completely, although Alibaba needs to provide more incentives, Baren still has to bear the cashing of the parent company's options. The only one who benefits are the employees. If the old option is cashed in, wouldn't it be a pleasure to get the new Alibaba incentives? Chu Yuanxi can't be so stupid, right?

"That's why I asked you about his job position." Chu Yuanxi rubbed his hands excitedly, "The other brothers have fewer options, I mean negotiate with them. Zhao Jie has too many options, so it's too troublesome to negotiate.

If you have to ask him, then I will discuss with him a way to exchange it and exchange his options for Baren Group for Baren Games. But it is quite difficult, so we have to talk again internally. If your side is dispensable, let him continue to stay in Baren Group, and I will be simple. I think you are not particularly confused about this when you do mergers and acquisitions. Just hand over it over and give me some convenience."

Lao Fanxin said why don’t we worry? We just don’t absorb it. It is necessary to make a good handover. After the handover, it will be together and separated!

However, considering that Chu Yuanxi was so easy to talk to before, he looked weird, "You, keep him, to let him build a game company again?"

Seeing Lao Fan's expression "Why are you so smart?", Chu Yuanxi couldn't help but smile, "No, I actually have other candidates. Zhao Jie, I kept him as a platform. In fact, he is a project manager. After I grouped Baren Entertainment, I just grouped the structure, clarifying the relationship and performance between each other, which makes it easier for me to manage, and there is no change in people.

Zhao Jie has always been a project manager job, but his title is CEO. I actually did the internal structure of the branch, and I had to build it. He didn't know how to do this at all, so he just maintained a daily operation. Moreover, Zhao Jie has been working on "Stupid Bird Flying", but it failed to go online. Staying in Baren actually doesn't affect the handover. Wang Le completely holds it. Now Wang Le knows the "Come to the Mountain in Troubled Times" project better than him."

Wang Le used to be the industry and economics of "Comes in Troubled Times". After the company was reorganized, he became the project manager of this project because the original project manager Yu Wenhui was out by Chu Yuanxila.

"We can't afford to lose this." Lao Fan cannot retreat without principles on the issue of principle. However, considering Zhao Jie's particularity, he thought about it and said, "Zhao Jie's arrangement will be up to you, but you must replace part of the options for other employees in Baren Games and treat it as a future incentive plan, otherwise we will be too passive."

If Chu Yuanxi does not replace it, and the bull-tempered temper will be monetized by the brothers' options, where is Alibaba's passiveness? From the perspective of the enterprise, we can see that the new employees who have acquired suddenly received a large amount of cash, which was not what they issued. Then the question arises. How big is the new incentive setting to satisfy the appetite of these people? If too much is not in line with their actual value, and if less is it, people will not look down on it.

This is why Lao Fan is in his heart.

Similar requests were also expected by Chu Yuanxi. It would be strange if Lao Fan didn't mention them. If he didn't mention them, he couldn't explain them after he went back in the end. Prices and terms are different. Prices can be negotiated. It is impossible for the entertainment industry to sign terms that are devastated and humiliated.

So he came up with a plan he had prepared long ago: "I have thought about this, why don't I fulfill half of it? Actually, it's not much, it's still far from financial freedom."

"Okay, then let the business come up with a condition, but can you continue to promote it?" Lao Fan felt that it was already cheap anyway, and it was just a trivial matter. Alibaba is a giant who dreams of spreading to the cultural field. "Come to the Troubled Times" is the top priority, and it is decided to be 3 of 340 instead of 4. Moreover, in Alibaba's tone, Zhao Jie does not need much. To some extent, Zhao Jie's position is more convenient to operate.

"Don't worry, you're all brothers, what can't be said? It's just a question of how to talk about it." Chu Yuanxi said with a smile on his face.

Looking at Chu Yuanxi's heartfelt smile, Uncle Sheng sat behind him, thinking in his heart: If a company is a hooligan, the employees can't stand it...

So he soon witnessed an epic merger and acquisition case reaching a plan, but the transaction will not be launched immediately, and there are also a series of procedures and procedures such as due diligence. Because the amount is huge and involves a lot, especially the self-media account affiliated to Baren Games involves WeChat, which may cause more sensitive problems. Therefore, the business of both parties continued to pk on the 24th to draft ts as soon as possible.

Termship does not have legal effect, but if you do not sign Ts, Baren Games will definitely not unlock its core data to the acquirer. If you only have one acquisition intention, you want to see my core data? That doesn't exist.

Therefore, on the 24th, we will also have to set up dual-measures to pre-examine some contract terms that may be signed in the future, determine the framework, and see if there are any hidden pits in it to accelerate the progress.

After the big framework is confirmed, the speed cannot be changed randomly. This speed meets Chu Yuanxi's expectations. He gave the green light to quickly determine the framework, otherwise he would not be able to catch up with the launch of "The Unfaithful Lord".

In the end, because both parties intend to complete the transaction quickly, the largest private merger and acquisition in China in 2019 was finalized to sign Ts on Double Eleven, so that Alibaba can conduct due diligence as soon as possible.

It is expected that the transaction will not be completed earlier than December. In this way, the film and television drama "Come in Troubled Times" will be launched. Baren can stand on the last shift and fulfill their responsibilities to all partners. In addition, Baren should also leave time for Baren to collect money from Knight Code Box and channels.

Soon, news of Baren Group and Alibaba's negotiations on large-scale mergers and acquisitions spread wildly, and Chu Yuanxi suddenly attracted the focus.

The specific amount was not exposed, because only Lao Fan, Chu Yuanxi and Uncle Sheng were sure to know the number 340. The executives of other business and the two companies were not told that the specific price was not required when agreeing on the terms of cooperation.

However, because of this, Baren Games has a relatively transparent revenue scale. By benchmarking the market value distribution of companies in the open market, the people who are obsessed will only estimate it to a high rate of 60 billion, 80 billion, and 100 billion. Some people are even more outrageous. For a moment, "uncle" flew everywhere. The high price can scare Chu Yuanxi. I thought to myself, why don't I know Baren Games can sell so much money?

This is actually an extremely absurd way of valuation and does not conform to business logic. But the helpless thing is that finance is a very professional field. The vast majority of people who don’t understand it, and they can’t even judge the changes in the market status and value of listed companies. Do you think it’s just a listing? How big is the difference between a company or the same company?

The problem is that for most companies, listing is like turning into a phoenix, and the value is definitely different. The valuation in the middle and late stages is usually a summary of current corporate information and market information, while the stock price contains metaphysical expectations for the future.

Only a very small number of unicorns in the true sense, who are expected to dominate the track, can enjoy the high premium for non-listing. However, this premium is extremely dangerous, because companies that can enjoy the halo of the industry must grow rapidly and face the biggest problem of entrepreneurship, that is, the problem of whether the growth rate of the rush can lead to the development of the basic market at the same speed. It is usually manifested as the problem that the company's business expansion is too fast, but the organizational strength cannot keep up.

Many celebrity startups fall at this juncture. No matter how they take, they will be heroes. In the future, they will have to face the same problems when they get better. After experiencing it once and thinking of a solution in advance, it is the biggest bonus for Chu Yuanxi to travel through time.

As for monsters like Huawei, it is rare to become the uncrowned king if they have not been listed for decades. There are special conditions and others cannot envy them.

In short, the difference between whether to go public or not is a big one, is the difference between the valuation center.

There is such a misunderstanding in public perception, and Chu Yuanxi of course has to be at the forefront. Although the other co-founders have also been mentioned, Chu Yuanxi is the actual controller and led the transaction.

As a result, posts like "Baren Entertainment promised that we would never cut leeks, so they sold leeks" frequently appeared on various media, and messages on Baren Entertainment's Weibo account surged.

There must be someone who is leading the rhythm. There are many intense people in the Weibo messages, but Chu Yuanxi is not interested in pursuing it now. Lu Yu is busy extinguishing all kinds of fires. After entering Baren, he will not talk about anything else. Lu Yu's ability to regulate public opinion has been well trained.

Chu Yuanxi was also sad when he looked at these posts and messages. It seemed that players were quite satisfied with Baren's game operations. Because they were satisfied, they did not want to see such a transaction and felt betrayal.
Chapter completed!