Chapter 289 I Am Here to Guide the Work

Apple and Yike met and talked soon.

Unfortunately, Fang Zhuo did not meet Jobs, but only met a senior vice president of Apple.

The talks between the two sides were not too polite. Apple really wanted to acquire Yike and offered a very sincere price, purchasing 100% of Yike's equity for $130 million.

Yike, which had just completed its Series A financing, was previously valued at $88.88 million, which also means that it now has a value increase of nearly 50%.

Apple was very sincere and said that it could use cash or partial equity replacement.

In addition, the senior vice president of Apple expressed his appreciation for Fang Zhuo and promised that Fang Zhuo could enter Apple with Yike and retain a certain degree of independence.

The Yike brand will not be shelved and will continue to operate in the market as a sub-brand.

Fang Zhuo was very moved.

Then... asked Apple to implement these conditions in the contract and to conduct research within the company with the contract.

After all, Yike is not Fang Zhuo's alone, there are several venture capital institutions, and he must respect IDG, Hong Kong Universal, Today Capital, and Shenxin Science and Technology.

Yu Hong also participated in the talks.

After the meeting, she sighed with a heavy heart: "Financial freedom, this is really financial freedom, right in front of us."

Fang Zhuo sat in the car without saying a word.

Yu Hong glanced at the boss with a little interest, and continued to sigh: "It's hard to refuse, especially when the other party promised to keep the Yike brand, which makes people tempted."

Fang Zhuo ignored her and discussed the contract with Kong Yu in a low voice.

Yu Hong took a sip of water and pursed her lips: "Mr. Fang, Apple recognizes Yike and you very much."

"Have you used Panda laundry detergent?" Fang Zhuo suddenly asked.

Yu Hong was at a loss for a moment: "Uh, Panda laundry detergent... I think I used it when I was a child."

"It is more used in the north. It used to be in the top three in the domestic market share. Later, it was acquired by Procter & Gamble. The price was raised by 50% without any formula improvement, and then it died."

Fang Zhuo briefly introduced the situation of this domestic brand and commented: "Don't believe in the promise of keeping the brand independent. Once the acquisition is completed, there are a hundred ways to make the brand disappear from the market."

He added: "There are too many such situations, and..."

Fang Zhuo paused, realizing that the example he wanted to cite had not happened yet, and forced a conclusion: "So, don't take it seriously. Do you really think foreigners are naive? If you can eat up the market yourself, why leave a gap? Especially for a company like Apple that emphasizes its own ecology."

Yu Hong was actually very happy to hear this, and the boss was not tempted.

"As for the price, it's good, but we can wait and see. I think $130 million still doesn't reflect Yike's current value." Fang Zhuo said with a smile, "Don't stop in the market, let's talk while we fight."

Yu Hong understood: "You are trying to delay Apple's market response strategy!"

Kong Yu next to him laughed, how could that be the case, the boss wants to learn from others.

Fang Zhuo nodded and said, "Yes, the slower Apple's strategy is, the more we sell, and the more we sell, the higher Apple's offer will be."

Kong Yu suddenly hesitated, could this be the boss's fundamental purpose, and Mr. Yu is the one who understands the boss better than me?

Fang Zhuo chatted for a while, turned his head to talk about market strategy with the person on the left, and turned to talk about fund raising with the person on the right.

Grasp both hands, both hands must be strong.

Regarding the response to Apple's acquisition, Yike will fully discuss, carefully study, and consider pragmatically.

So, it will take some time.

Yike has set the next meeting time for the two sides to be a week later.

Fang Zhuo hopes that Kong Yu can renegotiate a funding plan with the bank within a week.

However, before the bank made any move, the SEC contacted by the law firm had a response, and would listen to Fang Zhuo's acquisition statement and confidentiality application on May 25.

"I'll just read according to the script, so there will be no problem, right?"

Fang Zhuo got the script first and found that there were many dry clauses on it.

Martin, the lawyer who was fully responsible for the acquisition case, nodded: "Yes, Mr. Fang, we have already gained the maximum space."

Fang Zhuo believed in the professionalism of the lawyers in the law firm, but some difficult professional terms really needed to be memorized to avoid affecting the performance.

President Yi Ke actively and nervously entered the state of reading the script for preparation.

However... standing in the SEC review office in Washington, DC, when Fang Zhuo finished reading the script fluently, he heard the impatient voice of an auditor.

"Mr. Dongfang, we don't want to hear these bills, but your reasons."

"Why should we believe that you didn't launch an acquisition of Sina, a listed company, out of malice?"

Fang Zhuo glanced at Martin, the equally surprised lawyer, and knew that this was an unexpected situation.

He put down his manuscript, thinking that if he wasn't so sensitive, this nickname of "Mr. Dongfang" would have reflected the other party's mentality.

Fang Zhuo didn't panic, his thoughts turned quickly, and he raised a finger: "First..."

After just a one-second pause, President Yi Ke had organized his words: "Sina is a small company with a market value of less than 50 million US dollars. Even if it goes public, it's just that."

"Secondly, Yi Ke Technology, which I founded, has surpassed Sina in terms of financing through the A round. Another listed company, Apple, is talking to me about an acquisition. The valuation given by the other party is 130 million US dollars, which is more than twice Sina."

Fang Zhuo saw the doubtful expressions on many people's faces, and whispered a few words to the lawyer, asking him to go outside to find Kong Yu to get the Apple contract, and then emphasized loudly: "The acquisition negotiation contract I will show next is still in the confidential stage. It is only used to prove the authenticity of what I said. I hope everyone will keep it confidential after reading it."

While the lawyer went to get the contract, Fang Zhuo continued: "Yike Company is just a company I founded. I also founded an online medical company in China that has become the first in the industry and has successfully completed the second round of financing."

Another sitting reviewer asked with interest: "Online medical care?"

Fang Zhuo nodded and introduced the development of the registration website in a familiar manner, without mentioning the policy changes in the industry.

After talking about this, Apple's contract was also brought in.

The members of the SEC review team looked at it one by one, some carelessly, and some carefully.

Fang Zhuo waited until the contract was passed to the last person, and still spoke in a loud voice: "So, my company's value is higher than Sina. I have made achievements in more than one field. Why should I maliciously target a small company?"

"I am not a barbarian at the door of Sina. I am here to help it."

"I am not going to maliciously acquire it. I am here to guide the work."

Fang Zhuo's attitude is quite confident, and his expression is straightforward, not at all subtle and euphemistic.

Sina's stock price is on the Nasdaq. Its situation reflects the views of Americans. Isn't it just a small company that was once on the verge of delisting?

And the results he brought out, not to mention how condescending, at least are enough to complete the coverage in terms of numbers.

Fang Zhuo watched the members of the SEC audit team discuss with each other, and heard the lawyer Martin next to him breathe a sigh of relief, knowing that the situation has slowly tilted.

I was busy on the business trip and drunk. I will be home tomorrow.