In the afternoon.
Feiyada Building.
Li Dong stood downstairs and sighed. "The newly built Tencent Building hasn't moved in yet. It's a pity."
The Tencent Building had just been completed. According to Tencent's plan, they would only move in in the second half of the year.
The plan was all set. In the end, Ma Huateng didn't even have the chance to live in the new building.
The Feiyada Building was rented by Tencent. Tencent Building was built with their own money. It wasn't too far from here.
The new headquarters that was being prepared would be much grander than the current one.
It had 39 floors above ground and three floors below ground. It was 193 meters tall and had a total floor area of nearly 90,000 square meters. The usable area was also as high as 70,000 square meters.
Far away didn't have a headquarters like this.
Far away's current headquarters building. Far away's park area was actually not that big.
Of course, Far away didn't have just one office. The former Longhua Square commercial building and Greenland Building had many employees transferred.
But for a company, the headquarters was still more important.
Far away was actually preparing to expand. However, whether it was the original site or another location was not decided yet. They had to wait for the support of Jiangbei and Pingchuan.
As an IT giant, Tencent was quite supportive of it in Shenzhen.
The new Tencent Building was not too remote. It was located in the Science and Technology Park. Currently, the commercial housing prices in the Science and Technology Park were around 15000 yuan per square meter.
Land was the main expense of commercial real estate, and the proportion of land in the cost was generally not too low. Therefore, if a real estate developer really wanted to develop this 90,000 square meters of land, even now, it would mean that the developer had a deep relationship with the developer if the price was less than 500 million yuan.
In addition to other construction costs, the cost of building a headquarters alone would be more than 700 million or more.
And how much did Tencent spend?
In any case, Tencent's annual profit for the past two years was only 2 billion yuan. They were still doing a lot of expansion and investment. They didn't have much money.
As for spending more than 700 million yuan to build a headquarters, and it wasn't just one place. Many big cities including Beijing were building it. Tencent didn't have that much money.
This piece of land was practically a free gift.
In 2009, housing prices were not high. In a few years' time, just the value of a few Tencent buildings would be astronomical. Now that the cost of a building was 700 million, it would not be difficult to sell it for 3 to 5 billion.
This was just one of the buildings. If all of them were added up, it would be Tencent in the future. Although it would not involve real estate, it would not be difficult for these self-built headquarters or branches to be sold for tens of billions.
Thinking of this, Li Dong then smiled and said, "This is also good. A new building, a new atmosphere, a new boss, a new company, everything is new. It's good."
Liu Hong coughed and said in a low voice, "General Manager Ma is here."
Was it really appropriate for him to have a new boss and a new company at their doorstep without any formal negotiations?
Wasn't he afraid that Ma Huateng would feel uncomfortable if someone heard it?
In fact, even if he didn't hear it, Ma Huateng didn't feel too comfortable.
Li Dong, as the victor, was here to receive his dividends, while he, as the loser, was now laying down his arms and surrendering. Who would feel comfortable?
When he saw Li Dong, Ma Huateng, who had been silent all this while, suddenly stepped forward and hugged Li Dong. He punched him hard on the back a few times and said with a smile, "Dongzi, long time no see. I missed you so much!"
"Cough, cough, cough …"
Li Dong took a deep breath, pushed him away and scolded, "Is it worth it? Be more magnanimous. You're used to being wretched, aren't you? You're so wretched when we meet … "
Ma Huateng put on a fake smile and said, "You have a lot of opinions about me. Haven't you overcome that hurdle in the past few days? Why bother? It's just a small matter. Is it a big deal to you, Li Dong? Who doesn't have a past? You, Li Dong, are cold-blooded, ruthless, thick-skinned and black-hearted. Do you still care about this?
"Let me tell you, if you make personal attacks again, don't blame me for dealing with you in front of everyone!"
Ma Huateng said eagerly, "I'm really looking forward to it. Anyway, it doesn't matter to me. I've lost everything. Why would I care about losing a little face? Even Ma Yun can take you down. I think I'm still a little stronger than Ma Yun. "
“Pony！”
"General Manager Li!"
The people on both sides couldn't stand it anymore and hurriedly interrupted.
Both of them should be fine, right?
If they really fought here, it would be a disgrace to the whole world.
One was the world's richest man, and the other was still considered one of the giants in the IT industry. If they fought here, even the government would curse.
This was not their own face, but the face of Hua Xia's entrepreneurs!
It was not an exaggeration to say that Li Dong represented the image of Hua Xia's entrepreneurs. If they fought at this time, how shameless could they be?
Being interrupted, Li Dong snorted and said, "I'm not going to argue with you. You're just throwing caution to the wind. It doesn't matter. I'm different. If I fight with you, it'll be beneath my dignity. "
"General Manager Li!"
Zhang Zidong was speechless and helpless. He interrupted, "General Manager Li, let's go upstairs first. There's no need to argue now."
Li Dong smiled and said, "Tony, it's not that I want to fight with him. You saw it for yourself. Does he still have the demeanor of a man? I'm the only one who wants to pick a fight the moment we meet. If it were someone else, look, they would definitely turn around and leave. "
Ma Huateng said calmly, "Then leave."
"Are you sure?" Li Dong asked.
"I'm sure!"
"Alright, you said it. Little Ma, don't regret it …"
Seeing that the two of them were really fighting, Zhang Zidong, Liu Hong, and the others had the urge to cover their faces.
Can you not be so childish?
Is Li Dong willing to leave?
Is Ma Huateng willing to let Li Dong leave now?
That's obviously not happening!
Is there any meaning for the two of them to fight like idiots over something that doesn't exist?
In the end, under Liu Zhiping's persuasion, everyone went upstairs together.
When they entered the elevator, Liu Zhiping and the others stood between the two of them, afraid that they would fight again.
However, the reality was the opposite. The two of them who were arguing outside seemed to have forgotten about what just happened.
While MIH and ABSA were not around, Li Dong said, "Tencent will be integrated into the Far away system as a whole. This way, there will be minimal changes and turmoil. I can take over the entire system, including all the management! Of course, you, Ma Huateng, will definitely not be included. It's not me rejecting you, it's you rejecting me. Tony and Martin are both professional talents. I really hope that all of you can stay. "
Tony and Martin were the English names of Zhang Zidong and Liu Zhiping respectively. Far away was not popular to use English names. In the headquarters of the Tencent Corporation, they almost didn't call each other by their titles, they called each other in English.
When in Rome, do as the Romans do. Li Dong was not a maverick. Other than being rude to Ma Huateng, he was quite polite to everyone else.
Ma Huateng said calmly, "Since you're willing to talk, I naturally have the same thoughts.
Whether Tony and the others are willing to stay or not is not up to me, it's up to them and you.
We can talk about this later. The general direction hasn't been decided yet, what's the use of worrying about this?
From my point of view, I'm not afraid to tell you that although I don't like you, Tencent can only be retained to the greatest extent if you take over the Tencent system.
However, my opinion is not the only opinion. I don't care about some things, but I have to consider for everyone.
This includes the arrangement of everyone's positions after they enter Far away.
How are you going to keep them?
The original Far away Technology system and the current Tencent system, how are you going to arrange it properly?
I'm afraid you don't even have a plan, and you dare to make random promises. Li Dong, don't treat Tencent as Gome!
We are different from Gome! "
Li Dong raised his eyebrows and said, "Don't push me, I naturally have my considerations.
PP and its related industries were separated and merged into Tencent, not Tencent merged into Far away Technology.
I will use everything that is useful.
Tencent is now Hua Xia's well-known trademark, QQ is also, Far away Technology is not, I will naturally use the resources reasonably.
After merging into Tencent, the original system of Tencent will naturally be the main.
We have already made arrangements for these things.
Of course, don't expect to be able to completely retain the current management system, this kind of thing will not happen.
There will definitely be appropriate changes, but the movement will not be too big. In the future, Tencent will still mainly be operating independently. "
Ma Huateng glanced at Liu Hong next to him, narrowed his eyes and asked, "Then will Tencent be merged into Far away Technology or Far away Holdings?"
"Far away Technology."
Ma Huateng frowned. This way, Tencent's status would be much lower.
Far away Holdings was a level one management system, Far away Technology was a level two management system, if Tencent was merged into Far away Technology, it would be a level three system.
From a first-tier tyrant to a level three system, such a drop was not something everyone could accept.
Even if Ma Huateng left, he had to consider others.
Seeing this, Li Dong knew what he was thinking, and said somewhat speechlessly, "Is there a need to care about this? Other people's enterprises have one ring after another, holding companies, offshore companies, one after another. If you really want to differentiate, there are countless differences in the middle. I have already said that Tencent will operate independently, what more do you want? Moreover, as a listed company, it will also have the biggest say, unlike Gome, which was directly merged into Far away Retail by me. I have already been very magnanimous, including CEO Liu and the others, in fact, they have suffered losses in disguise, a part of the industry has been stripped out, they did not say anything, and you are still unhappy? "
Beside him, Liu Hong hurriedly smiled and said, "In the future, everyone will be a family, there is no need to be so clear. Moreover, everyone's original intention is for the better operation of the enterprise, to create greater benefits … "
Ma Huateng did not say anything, the other Tencent executives also did not say anything.
From the meaning of the conversation between these two, it was obvious that both of them had a tacit understanding. Ma Huateng and Li Dong's intentions were both as one.
Without discussing anything else, they had already started talking about this, this was not normal business negotiation methods.
Zhang Zidong understood Ma Huateng's choice, and did not say anything.
As a professional manager, Liu Zhiping actually thought that the merger of Tencent with Far away was also the greatest success of these professional managers.
No matter who merged with the other, it would still strengthen the enterprise.
The key was that Li Dong's personality was a bit of a loner, this was something many people knew.
Liu Zhiping's consideration was, in the future, would Li Dong interfere too much with Tencent's affairs?
If he did, then the value of these professional managers' existence would be greatly reduced, and it would be difficult to reflect their strength and ability.
But since things had already come to this, it was better to wait for the negotiation to start.
…
In the conference room.
Liu Hong said, "Far away Technology will separate the two subsidiaries, Far away Communications and Far away Entertainment. In addition, WeChat, Pea Pod … these related industries will all be merged into Tencent Group, creating a new industrial system.
After merging with PP-related industries, Tencent's strength will skyrocket.
In fact, our industries were slightly stronger than Tencent previously, this is something that everyone here can't deny.
After this, the gap between the two sides will be even wider.
This time, General Manager Li's intention is not to carry out privatization, but to go public after restructuring.
According to the Far away plan, Tencent will maintain the status quo, the total share capital will not change, and Far away related industries will enter Tencent, increasing the share capital by 3.3 billion.
As for the new share capital after the restructuring and listing, that is a matter for the future, there is no need to talk about it now. "
Liu Zhiping waited for him to finish, chuckled and said, "In conclusion, in your mind, the current expected value of Far away related industries has already reached twice the value of Tencent, is that right?"
Liu Hong nodded and said, "Isn't this the truth?"
"This is just what you think is the truth!"
Liu Zhiping immediately began to refute!
It was obviously an acquisition of Tencent, why would they consider the value of Far away's industries? It was not an acquisition of Far away.
The key was that this was not a simple acquisition, but an asset restructuring!
Once the valuation of Far away related industries was too high, after merging with Tencent, the total share capital held by these people would not change, but the total share capital would be greatly diluted!
Liu Hong ignored him and continued, "At present, Tencent still has nearly 500 million shares outstanding, and the shareholders, Tencent management, and employees hold a total of 1.2 billion shares. Far away will carry out a buyback plan, involving a total share capital of 700 million shares. After the restructuring, Tencent will hold 20% of the shares, Far Away will hold 80% … "
Ma Huateng interrupted, "I won't stop you from buying back, but it has to be voluntary. I won't agree to a forced buyback!"
Liu Hong immediately frowned. This was actually a condition set by Far Away to get Tencent to cooperate.
As for voluntary, only a fool would agree!
They knew that after the two were integrated and listed, it would definitely explode. Who would complain about having more money?
Ma Huateng was obviously fighting for the maximum benefits. In this way, it was hard to say how much equity Far Away could acquire.
Without waiting for Liu Hong to speak, Ma Huateng continued, "These divested industries Far Away, excluding Wan Tong, Weibo, and Mall, are worth more than twice the value of Tencent? Li Dong, do you think this is possible? "
Li Dong, who was sitting at the side, laughed and said, "Why is it not possible? Not to mention now, even if it was before, it wouldn't be a problem for me to say that. Just my name, Li Dong and Far Away, is worth 1 billion shares. "
Ma Huateng sneered and said, "I forgot that I would actually ask you such a question. It's useless to ask."
"We are discussing business. Watch your tone."
Li Dong continued, "Let's be straightforward. We don't know how long this discussion will last.
I will give you the conditions, and you can decide for yourselves. If you think it is possible, then we will continue. If you think it is not possible, then we will talk again.
MIH and ABSA now hold 750 million shares. I don't care who owns the shares. I will tell you my proposal.
Far Away will buy back 250 million shares at 20 HKD, which is 5 billion HKD, plus 500 million shares of the new group to complete the integration.
Tencent's management and employees, we will still use the same plan. Buy back some shares in cash. 150 million shares will be enough, and 3 billion HKD in cash. You can decide how to arrange it.
We will buy back some shares in the stock market, but not too much.
In the end, we will maintain the same ratio, and no one will lose out.
Just look at MIH and ABSA. They got 5 billion HKD in cash and 10% of the new group's shares. Is it less than you all?
When Tencent was at its peak, its market value was 150 billion HKD. You all hold 44% of the shares, and based on the market value, it is only slightly more than 60 billion HKD.
Of course, that was in the past. Now, it is much lesser. Even if it had not fallen, it is only worth about 20 billion HKD.
Now, after the reorganization, once the new group re-enters the stock market, the market value of so many industries will not be less than 50 billion USD, only higher!
If you all hold 10% of the shares, it will be more than 35 billion HKD. With 5 billion HKD in cash, it will be 40 billion HKD.
If you all are still not satisfied, then I have nothing to say.
As for the market value of less than 50 billion USD, don't we all like to bet on it?
We can bet once. I know you all like to bet on this. If the market value is less than 50 billion USD, I will buy back all your shares at 50 billion USD!
If the market value is higher, I will buy back some of your shares at this price. Of course, I will not buy back all your shares. What do you think? "
When Li Dong said that, he had a matter-of-fact attitude.
In fact, Feng Yu was taking it for granted.
In Feng Yu's previous life, Tencent was only average at this time. The video game industry was still not doing well, and the other industries were not doing well. Even so, Tencent still had a market value of 40 billion USD at its peak in 2009.
Far away and Tencent had merged, and the global economy was recovering. With Li Dong continuing, 50 billion USD was not a problem.
The person in charge of MIH wanted to say something, but Li Dong didn't give him the chance to speak. He continued, "Also, I'd like to sincerely discuss the restructuring with you.
In fact, all of you know your own situation.
I will not restructure with you all. Give me one or two years, and I will not need you all.
Also, after one or two years, Tencent will still be around?
Don't think other companies will buy you all. If the price is high, you all can sell all the valuable things and keep the rest for yourselves.
Also, as time passes, your technologies will expire, and you all will lose your talents. In this era, everything changes very fast.
What you have now might be a treasure, but in one or two years, or even a few months, it might be worthless!
These things are valuable during certain periods of time. But after this period, they are worthless!
Don't think you can make a lot of money after the restructuring. Do you think you can recover all your losses?
Everyone should be satisfied that you all did not suffer any losses.
Also, the company had expanded by several times, and there are still opportunities to make money. Everyone here is not short-sighted. If you are calculative now, you will only suffer more losses in the future!
Take MIH as an example. My promise is that the value of the shares and cash will exceed 40 billion HKD within 6 months after the listing is resumed. One year later, the value will recover to more than 60 billion HKD.
In other words, you all had used one year of delay in exchange for greater development in the future. You all can decide if it is worthwhile or not.
If I, Li Dong, do not take over, you all will be lucky to get back 30 billion HKD out of the 60 billion HKD.
Whether you all believe me or not, it is up to you all to decide. If you all still want to act dumb, then pretend I did not say anything. There is no point in continuing the negotiations. "
Ma Huateng frowned. "I'm afraid you have underestimated Tencent's value in this one year!"
Li Dong replied unhappily. "What right does a failed company have to talk about future value?!
If you all want to calculate this, and I say that the restructured company can create trillions of USD in the future, will you all agree?
Pony, there is no need for you all to waste your time on me!
Selling goods to three different parties depends on when. Selling goods to three different parties at this time will only make Distance Merchant lose their patience!
What's the use of being stubborn?!
Before I came, everyone asked me to be gentle, and I agreed.
But now, I am no longer willing to waste my time with you all. In my eyes, a loser must have the awareness of a loser!
The loser ended up occupying a larger space of profit than before. Then what was the point of me putting in so much effort to do all of this?
What I can offer now is my limit, and it is also the limit of Faraway!
Tencent does not agree, then forget it.
To buy back 700 million shares, I will need at least 15 billion HKD.
Furthermore, after the buyback, you all will still own 20% of the company's shares. The price I am paying is much higher than I expected!
There are many things that I do not need to spend money for, and they will still be mine!
Your users, resources, and even your brand will fall into Far Away's hands sooner or later. All I need is time.
Right now, I am using money to buy time.
You all are delaying my time. Every day you delay, my value will drop. This is a fact!
If you all don't mind, then pretend I did not say anything. We will slowly grind. Far Away will not raise the price in the future. We will only lower our offer. "
Ma Huateng was a little angry and said, "I hate negotiating with you the most! This matter concerns Tencent's future. Don't use what you do in the market to talk to me! "
Li Dong suddenly stood up and said coldly. "I, Li Dong, have always been like this when it comes to business. If you agree, then we will talk. If not, then we will not talk! I will never force anyone to a dead end. I will give what I should give! Outsiders may say I am overbearing, but none of the companies I work with have said they suffered losses! If you don't agree, then this is the end! "
After saying this, Li Dong walked away.
"Pa!"
Ma Huateng slammed the table fiercely. With a dark expression, he stood up and said, "That's all for today!"
After Ma Huateng left, the rest were confused. That's it?
Half an hour ago, there was no need to negotiate like this.
Weren't they having a good discussion just now? Why did they turn against each other so suddenly?
MIH's people were embarrassed. I am the major shareholder, okay? Why didn't anyone listen to me?
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