After a few minutes of silence, Xu Yong looked at Li Dong and said, "Since you are not optimistic about Baidu, why does General Manager Li insist on buying my shares?"
Li Dong shook his head and said, "It's not that I'm not optimistic about it, but I'm not optimistic about it now. He has a bright future. I'm prepared to hold on to it for a long time. I'm not in a hurry to cash out. In eight to ten years, the Internet will definitely welcome spring. I'm optimistic about the future of the Internet. "
This is pure nonsense, Li Dong thought to himself.
However, Xu Yong took it seriously, because Li Dong's idea was exactly the same as his.
He is also optimistic about the future of the internet, but not Baidu's current situation.
If he was not in urgent need of money, it would be worthwhile to hold Baidu's shares for a long time, but what he needed now was money.
Xu Yong rubbed his temples, feeling a little upset. More importantly, he felt that he was beginning to waver.
From the initial rejection to the long talk with Li Dong and the others, it was a sign that he was wavering.
Should he sell it or not?
After thinking for a long time, Xu Yong said tiredly, "Let me think about it. Also, I have an agreement with the board of directors. Without the written consent of the board of directors and the majority of the shareholders, the company's founders are not allowed to transfer their shares. "
The original intention of this agreement was to target Xu Yong and prevent him from selling his shares to competitors, which would lead to the acquisition of Baidu.
However, with the passage of time, he didn't have many shares left. If he really wanted to sell them, the board of directors wouldn't object. Otherwise, he wouldn't have sold some of his shares in the past.
Li Dong and Gu Honglou knew that this was Xu Yong's excuse to send them off, so they naturally refused to leave.
Li Dong struck while the iron was hot. It was not easy to persuade Xu Yong. If Xu Yong needed to consider for a while, Li Dong would not have that much time to wait.
Gu Honglou waited for him to finish before saying, "Leave this matter to me. I'll handle Baidu's board of directors."
He had dealt with almost all the senior executives of Baidu. Before Xu Yong's resignation, he would not have dared to guarantee it, but now he was 100% sure.
Moreover, Li Dong's money wasn't that easy to get. It would be too easy to earn so much money with just a few words.
Gu Honglou had to take care of all the procedures and possible problems that might arise.
Only when the goods and the money were paid could the transaction be considered complete.
Xu Yong knew what they meant, but he did not give in. He said, "I'll think about it. I'll contact you later."
Li Dong was a little unwilling, but he knew that he couldn't force him too much. He could only say, "Then, Chairman Xu, give me a call after you think about it. I can't stay in Beijing for long. There are still many things to do at the company."
…
After leaving the building, Li Dong asked Gu Honglou, "Will Xu Yong sell it?"
Gu Honglou smiled bitterly. Who could say for sure?
However, what should be done had been done, and it was useless to say more. Xu Yong had to rely on himself.
Although Gu Honglou thought this way, he still comforted, "General Manager Li, don't worry. He will definitely agree."
Li Dong nodded and set a time for himself. Today was June 1st. If Xu Yong did not reply to him before June 5th, he would give up.
…
Xu Yong did not let Li Dong wait until the 5th. He called Li Dong on the 3rd and said that he wanted to talk to Li Dong.
After hanging up the phone, Li Dong smoked several cigarettes in a row. Then he calmed down. It was done!
The next problem was the price. However, in Li Dong's view, the price was not a problem. As long as it did not exceed the issue price, he could accept it.
When Li Dong and Gu Honglou saw Xu Yong again, Xu Yong was a little dispirited.
Li Dong and the others thought that Xu Yong was tired because he had been thinking for too long in the past two days. In fact, they did not know that Xu Yong had experienced much more than they had imagined in the past two days.
He had contacted several banks and venture capital firms, but they were either not optimistic or had harsh conditions.
In short, Xu Yong had suffered a lot in the past two days. Otherwise, he would not have made a decision so quickly based on the last conversation.
Seeing Li Dong, Xu Yong asked directly, "How many shares do you want, General Manager Li?"
"How many do you have …" In fact, Li Dong wanted to say that he would buy as many as Xu Yong had.
However, what Xu Yong said next shocked Li Dong. "I won't sell all of them. I will sell 500,000 shares at most."
Li Dong swallowed. "500,000 shares?
And not all of them. How many shares does Xu Yong have?
Didn't he say that most of them were bought back and sold? How could he still have so many shares? "
In fact, he had not realized Xu Yong's status. He was one of the two founders of Baidu. Except for Li Yanhong, no one could compare with him.
500,000 shares were less than 2% of the shares. In fact, Xu Yong still held more than 7% of the shares.
The reason why he only sold 500,000 shares was that the money was enough to run the company. On the other hand, Xu Yong still thought that Baidu could take off. He planned to hold the remaining shares for a long time.
Seeing that Li Dong did not speak, Xu Yong frowned and said, "General Manager Li, do you think it's too much?"
Li Dong shook his head quickly. How could it be too much? The more the better.
If possible, he would like to buy all the shares in Xu Yong's hands.
Of course, this was definitely impossible. Xu Yong and the board of directors of Baidu would not agree. The key was that Li Dong did not have so much money.
Last year, Google raised 5 million US dollars and got only a little more than 2% of the shares.
This year, Baidu would be listed soon, and the price would definitely rise. In addition, Google's financing was to expand Baidu's reputation. The additional effect was more important than money. So, it was a bargain.
Li Dong knew that he would definitely pay a much higher price than Google.
In this way, it was hard to say whether he could buy 500,000 shares with 50 million US dollars.
Sure enough, Xu Yong's price made Li Dong jump.
"30 US dollars per share!"
Li Dong almost cursed. Are you crazy about money? 30 US dollars is almost 250 RMB!
Last year, when Google bought it, it was about 60 RMB per share. You increased it by four times at one time, and Baidu is not listed yet!
The price was naturally for bargaining. Li Dong did not hesitate and directly said, "10 US dollars!"
"Is this the sincerity that General Manager Li mentioned?" Xu Yong was dissatisfied.
"But General Manager Xu, you can't ask for a sky-high price. 30 US dollars per share means that General Manager Xu thinks Baidu is worth more than 1 billion US dollars now?"
"It may not be worth it now, but when it is listed, I think it will be worth it!"
Li Dong rolled his eyes. Of course, I know it is worth it. I also know that Baidu was almost worth 100 billion US dollars at its peak.
But that was in the future. The current Baidu is far from being worth it.
Xu Yong saw this and said, "Last year, the third round of financing, the price per share reached 12 US dollars. General Manager Li, how much do you think each share is worth now?"
"I remember that was only an offer. Google spent 5 million US dollars to buy more than 700,000 shares."
"General Manager Li, do you think this is comparable?" Xu Yong did not hesitate. The comparison was between Li Dong and Google.
Li Dong cursed in his heart. Are you looking down on me? Brother Dong is not going to talk to you anymore!
He glanced at Gu Honglou. It's your turn!
Gu Honglou had been waiting for a long time. When he saw Li Dong's signal, he immediately started a war of words with Xu Yong.
The three of them talked for more than an hour, and in the end, Xu Yong insisted on 18 US dollars.
If it was any lower, he would not sell it. It would be the same if someone else sold it to him. Anyway, 18 US dollars was his bottom line.
Seeing this, Li Dong knew that he could not go any lower. To be honest, he was also very satisfied with this price.
Baidu's IPO price was 27 US dollars, and the opening price was 66 US dollars. It was indeed a big profit for him to buy it at 18 US dollars, and this did not include the increase of the stock price.
However, if Li Dong bought all the 500,000 shares, he would not have enough money. 9 million US dollars was equivalent to more than 70 million yuan, and Li Dong still had more than 20 million left.
Money was not important, but Li Dong decided to buy all the shares.
In the end, Li Dong agreed to Xu Yong's price of 18 US dollars, and the two agreed to sign the contract three days later.
Today was only the first day of the negotiation, and Li Dong and Xu Yong were both worried about a deal worth tens of millions.
Next, Li Dong had to hire a lawyer. If necessary, he would also ask a notary office to notarize the deal.
After all, tens of millions were involved now, and in the future, it would be hundreds of millions or even billions. He had to be careful.
Of course, the most important thing was to raise money. He still had more than 20 million.
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