Chapter 433 Negotiation (2)

“Apart from Warcraft Motion pictures and TV, do you additionally assume that Blizzard Capital can enter the financing course of, and Watch Ventures can grow to be a public funding firm like Berkshire Hathaway?”

Roland repeated Henry Paulson’s phrases. He felt that the bald man was joking!

“No! Is that this the results of your analysis?” Roland shrugged and unfold his arms: “Whether it is the results of cautious analysis, then you need to know that whether or not it’s World of Warcraft, Blizzard Capital, or Watch Ventures, In truth, there isn’t any scarcity of cash.

The inventory pledge refinancing technique of Warcraft Movie and Tv has handed essentially the most tough compensation interval.

When “X-Males”, “Harry-Potter” and “Lord of the Rings” succeeded one after one other, the mortgage mortgage that Warcraft Movie and Tv ought to repay already existed. As well as, the general public funds raised may also be cashed out for the corresponding earnings. If it weren’t for the embarrassing caught right here of “Home of Playing cards”, would you continue to have an funding concept?

And in the event that they get caught right here, that is okay!

As a result of I nonetheless retain the fitting to withdraw!

Don’t speak about shale oil!

Once I got here to New York and met Ronald, I did what George needed me to do!

And once I agreed to Ronald’s invitation to fulfill with you, what was the ultimate results of the matter?

This has nothing to do with me!

George and the others won’t attribute the failure of the matter to me, as a result of they nonetheless want Sony to take the blame for themselves now! “

When Roland put the stakes of the matter on the desk, the bald man sitting reverse him out of the blue laughed.

He wasn’t laughing at Roland’s irritability, however he felt that the man who performed along with his mood from the start actually knew methods to act.

What sort of individual is Roland?

All of them comprehend it.

As a result of when Roland’s personal wealth expanded wildly, details about him was positioned on the desk of main capitals.

His persona, his perspective, his buying and selling habits, his hobbies…

So long as it’s one thing that may be analyzed, everybody has disassembled it.

Confronted with the stunning proven fact that Microsoft tolerated Yahoo’s acquisition and was prepared to assist, no capital would assume that Roland can be irritated by the thought of ​​plundering proposed by both celebration.

In any case, an organization with a whole lot of billions of {dollars} might be handed over, so how can or not it’s doable to be emotional in a recreation of tens of billions of belongings?

So, after discovering that Roland had a posture of letting go, Henry Paulson instantly opened the drawer beside him.

“Do you want a cigarette or a cigar? If it is a cigarette…Camel, Fortunate Strike, Marlboro, 555 have it…”

Whereas talking, he additionally took out a pack of cigarettes that hadn’t been disassembled, after which opened the drawer on the fitting along with his backhand.

“If it is cigars, Fuente, Partagas, Upmann… I also can present these…”

“…”

The best way of chilly therapy made Roland, who was emotionally outburst, hit the cotton in a circle.

Seeing that the bald head did not confront him head-on in any respect, Roland, who understood that this man wasn’t up for it, selected to proceed.

However when he spoke once more, the earlier feelings had been swept away, “As for Blizzard Capital, it is truly even easier.

It has already made large-scale earnings and doesn’t want financing in any respect.

And even if you happen to do want financing…

Do you dare to vote for Goldman Sachs?

Primarily based on the 30 instances price-earnings ratio of EA, their annual revenue exceeds 500 million, and they’re price at the least 15 billion.

Even when I do not elevate the worth, I’m prepared to promote the shares at this valuation.

However you Goldman Sachs, what number of companions agreed to take a position at this valuation?

Ten % is 1.5 billion! Twenty % is three billion!

The cash is after all a small quantity for you, however…

You aren’t like me.

I solely should be accountable to myself, however you’ll want to be accountable to shareholders.

As a listed firm, if you spend 1.5 billion to three billion to spend money on a non-listed firm, what you’ll want to do is to not spend cash, however to discover a method to clarify to shareholders how a lot revenue this funding will convey you .

When you select industries similar to power, mining, and manufacturing, you might be able to persuade shareholders with stories, however the recreation business… periodic growth and gross sales are merely untenable! “

The clear and clear phrases made Henry Paulson hear the rejection in Roland’s phrases.

Besides, he did not present any emotion. As an alternative, he opened a pack of Fortunate Strike with a smile, picked one up and put it in his mouth.

With a crisp sound, his cheeks additionally shrank, and when the inexperienced smoke rose, he nodded and responded, “Certainly, whether it is actually based mostly on the valuation of 15 billion Investing in…shareholders may kick us out of the corporate.”

“…”

The sunshine affirmation made Roland curl his lips.

At a sure second, Roland actually hated this bald head.

As a result of he’s negotiating with Roland critically!

Previously, when Roland cooperated with others, it was all a bayonet-like communication.

what would you want? What do I would like? Everyone seems to be an open and trustworthy couple, after which weigh the professionals and cons, after which we will affirm the cooperation.

However now?

Henry Paulson has a bald head, however he would not take laborious issues, he desires to fish in troubled waters!

When Roland stated that whether or not Warcraft Movie and Tv accepts funding has nothing to do with shale oil, he immediately modified the topic!

What does this imply?

Is not it simply to disturb Roland’s mentality, and to die on the shale oil venture?

When Luo Lanming stated that Blizzard Capital didn’t want financing in any respect, he even agreed!

What the **** is that this?

Did not you need Roland to assume that he was serving to the supervisor and never serving to the family?

what’s subsequent?

So long as Roland’s subsequent argument might be immediately refuted by him, then he can combat again basically!

As a result of he was the primary to confess Roland’s correctness on the small venture, occupying the commanding heights of logic!

So long as Roland is caught by him, his counterattack would be the fact!

Though this type of nesting doll-like logical entice can not change the general state of affairs of a matter.

Not solely that, this barbaric act can even depart a picture of savagery within the opponent’s thoughts.

However which is extra necessary, picture or revenue?

When you can **** extra from others simply by tearing up like a shrew, then…

Those that don’t know methods to benefit from it are silly beeps!

So, when Roland discovered that the previous man was tricking him, he modified the topic, clasped his arms in his abdomen, and stated with a smile, “However, the state of affairs of Overwatch Enterprise Capital and Blizzard Capital is totally different.

As a result of the latter is only a pure recreation firm, numerous earnings come from the sale of video games.

The previous is an emblem of rights. “

As quickly because the phrases got here out, Henry Paulson, who was nonetheless squinting and smoking, raised his eyebrows.

With one hand on the desk, he blinked, as if he needed to see the man in entrance of him clearly, nevertheless it was extra like he smelled all the things.

Whereas he was making this motion, Roland did not doubt his ideas, as a result of he felt that when he completed talking, this bald man completely could not proceed to faux to be lifeless—

“I imagine that apart from Goldman Sachs, there are lots of different folks on this world who’re gazing Shouwang Enterprise Capital.

As a result of nobody can resist the temptation of energy.

Shouwang Enterprise Capital is totally different from funding corporations like McAndrews and Forbes beneath the identify of Ronald. Whether or not it’s the cosmetics business with a market worth of tens of billions, the playing business with the identical weight, or the monetary business that dominates the economic system, these fields, In truth, there isn’t any potential to be tapped, however the rising Web expertise is stuffed with infinite potentialities.

I don’t know you probably have learn “The Street to the Future” written by William, that’s, Invoice Gates?

In his e book, he has already described the grand scene of the period of Web expertise.

He feels that sooner or later, when folks want to make use of cash, they don’t have to take out banknotes from their wallets as they do now, as a result of laptop wallets may also help you get all the things carried out anytime, anyplace, and now—

We now have PayPal for handy cost;

He feels that sooner or later, when folks want to purchase an merchandise, they don’t have to take heed to salespeople chattering in purchasing malls as they do now, as a result of patrons’ critiques on the Web permit folks to obtain first-hand suggestions, and now—

We now have on-line purchasing platform Amazon;

He feels that sooner or later, there will likely be a brand new mannequin of music gross sales. Customers won’t really feel complications and troubles in regards to the put on and tear of CDs and tapes. Sooner or later, music will likely be saved on a server for customers to obtain by the Web. Now—

We have already got iTunes and an identical iPod;

He feels that sooner or later, when folks wish to discover a sure piece of human information, search for necessary introductions to historic figures and modern figures, and detailed descriptions of varied occasions, they now not have to learn the Encyclopedia Britannica, however now—

We have already got Google that incorporates a whole lot of tens of millions of entries;

Web expertise is definitely a really advanced market. Its comfort can speed up all industries similar to finance, purchasing, leisure, and so on. Now, who’s essentially the most highly effective firm in the complete business?

Is it Microsoft that has already occupied the PC port, has an Web entry, and desires to make a wise house?

Is Amazon already posing a risk to offline shops and desires to grow to be Wal-Mart on the Web?

Is it Google that has monopolized the search market?

Is it Apple attempting to interrupt by from the leisure business?

Or PayPal, the biggest monetary service middleman available on the market right this moment?

truly…

None of them.

As a result of within the area of Web expertise, essentially the most highly effective firm is Shouwang Enterprise Capital!

The previous corporations solely management a single market, whereas the latter are corporations that management the market.

Because the second largest shareholder of Amazon, Google, and PayPal, and the biggest shareholder of Apple, simply by voting, he could make guiding opinions on each choice of those corporations, and when these markets are all beneath the orders of 1 When the corporate was in enterprise, even when they don’t seem to be but worthwhile, the quantity of monopoly alone could make limitless earnings.

Just like the financial institution’s Morgan within the early twentieth century.

Shouwang Enterprise Capital is the Web throughout the Web.

This big cake can’t be eaten by me alone, so…

Though it doesn’t lack funds like Warcraft Movies and Blizzard Capital, I nonetheless welcome sizzling cash to enter the market.

As for the valuation…

Microsoft’s purpose is one trillion. How can these corporations add as much as 5 trillion?

Primarily based on the shareholding ratio, the worth of Shouwang Enterprise Capital is at the least one trillion yuan.

So, I’ll promote as many shares as you will get, how about that?

For the sake of my mates, I may give you a reduction of 100 billion and 10%! Twenty % of 190 billion! Thirty % of 280 billion! Thirty-seven billion and forty %!

Anyway…

Purchase extra!

Cheaper! “

“Cough cough cough!”

When Roland turned himself right into a TV salesman, and solemnly described the grand blueprint of Web expertise to Henry Paulson, and pushed the valuation of Watch Ventures to 1 trillion in a solemn tone, the bald man who was smoking there nearly misplaced his Choked to loss of life!

“Estimated at one trillion?”

Henry Paulson, who was smothered by the pungentness of tobacco, had tears in his eyes. He needed to cry however needed to chortle extra, exhibiting a weirdness that strange folks couldn’t match, “No… that the GDP of the US final 12 months was solely How a lot?

Ten level 5 eight trillion!

When a rustic’s GDP is simply 10 trillion yuan, do you assume your Shouwang Enterprise Capital might be price 1 trillion yuan?

This, this, that is merely…”

It appeared that he did not know methods to consider Roland’s algorithm, nevertheless it was extra like a canopy up after the negotiating trick was uncovered. Henry Paulson waved his arms, attempting to prepare his phrases, however after a protracted whereas, he returned to calm.

Instantly extinguished the unfinished cigarette butt, and the eyes that checked out Roland had been additionally filled with playfulness.

“Okay, okay, it is my downside, I should not have interrupted you, I apologize…”

Though the previous man’s tone was a bit perfunctory…

Ah no!

He’s simply perfunctory.

As a result of he by no means felt that he was incorrect!

However Roland did not actually care, as a result of he additionally felt that it was solely pure to resort to frequent means for his personal profit.

When Henry Paulson modified the subject on the problem of Warcraft Movie and Tv and nodded in settlement on the problem of Blizzard Capital, Roland already understood that these capitals had already made up their minds earlier than they began, they usually needed to set foot on the highway that Roland had constructed. The Web Know-how Specific that took form was watching the enterprise capital. Since they had been decided to ask for a worth, Roland fulfilled their want and immediately quoted!

Do not you need it?

I’ll open one trillion, and you’ll pay for it if you wish to purchase it!

Do not say something nugatory!

As a result of these guys did not purchase a single firm!

Whether it is simply the shares of Apple, Amazon, Google, and PayPal, then one trillion is after all whimsical!

However now, it’s the monopoly of the complete business!

The market worth of the previous is seen, however the latter can’t be valued!

As a result of nobody is certain whether or not Amazon can grow to be the Walmart of the Web!

As a result of nobody can assure that Google won’t ever be worthwhile!

Particularly when Apple has revived its vitality within the area of on-line music and moveable media gamers by counting on its monopoly, and rapidly encroached on Sony’s market, Henry Paulson, who got here right here for the monopoly, is much more simple !

If he stated that Roland’s valuation of 1 trillion yuan is whimsical, then why did Goldman Sachs take into consideration quoting it?

Since you do not imagine this enterprise can generate profits, then why are you right here?

If he agrees, and Roland’s one trillion valuation matches completely with their calculations, then…

In fact Roland will fortunately promote the corporate!

Even when Watch Ventures is price one trillion yuan, will probably be twenty years later. What about now?

I can get 900 billion twenty years upfront, and I used to be so loopy that I refused!

And even when Goldman Sachs cannot spend that a lot cash, that is okay!

100 billion promote you 10%!

What a very good deal?

Simply ask if you wish to purchase it?

Um? (→↗↘↗↘)

In fact, the rationale why Roland supplied such a excessive worth was that he refused it in disguise.

His elementary goal is to inform the opposite celebration that he’s not prepared to promote whereas disrupting the routine set by Henry Paulson.

It was exactly as a result of Get reached this level that after apologizing, the bald man additionally started to flip by the paperwork in his hand. After he searched by the 5 volumes, he handed the chosen one to Roland.

“I perceive what you imply, so that you needn’t strive this type of factor.”

“Hmm.” Whereas accepting the doc with a smile, Roland shrugged his shoulders and stated, “However I believe you may have examined my backside line, so it would not make sense to proceed, proper? ?”

As quickly as these phrases got here out, Henry Paulson appeared to have heard the funniest factor on this planet, “Backside line? Do not be kidding. In case your backside line is to not promote, what is the distinction between having no backside line? Anyway, it is already It is over!”

“Wow!” The marginally joking phrases made Roland giggle, “Are you telling me a joke?

After seeing you once more, I all the time thought that you need to be a really silent and severe individual. “

“Silent? Critical? That is reserved for outsiders!” Henry Paulson pushed his glasses on the bridge of his nostril, denying: “And we, aren’t we our personal folks? If we’re outsiders, if you give Shouwang Enterprise Capital When a trillion is quoted, I am already snarky – ‘Hey boy! Hope you are sensible!’

‘We don’t have to purchase your shares! As a result of we will nonetheless do it ourselves! ‘

‘We Goldman Sachs is without doubt one of the prime 5 funding banks on Wall Road. We now have cash and sources in our arms, so we will assist an Amazon! A Google! A PayPal! And at the moment, you may be the one crying! ‘”

Earlier than Henry Paulson may end talking, Roland forcibly interrupted, and continued: “However alas! The founding father of Amazon, Jeff Bezos, belongs to David Shaw, and your Goldman Sachs quantitative evaluation enterprise, He additionally helped design it.

Google’s founders, Sergey Brin and Larry Web page, didn’t escape the racial vicious circle. When you do one thing about Google, you may be flipping the desk that has been balanced for a whole lot of years…”

“Actually!” Now that Roland had stated what he needed to say, Henry Paulson stopped pretending, however immediately stated, “Since it is a temptation, why did you simply do this?” radical?”

“Hey!” Roland felt that this man was actually black-hearted.

“Somebody is attempting to seize my belongings, and no matter I do to maintain them shouldn’t rely as radical, ought to it?”

“Hahaha~”

Henry Paulson didn’t reply Roland’s query.

“Hey hey~”

Roland, who was additionally laughing, appeared down on the doc.

Sure, the rationale why Roland dared to confront Goldman Sachs was as a result of he knew that Goldman Sachs wouldn’t do something to him.

In different phrases, Goldman Sachs, a monetary firm that goals to assemble Jewish folks, won’t take the initiative to assault the tribe.

In fact, simply having the pores and skin of Steven Spielberg’s college students is definitely not protected, however what goes deeper is definitely Roland’s deep bond with the Jewish folks in varied industries…

Whose Amazon is it?

Earlier than Jeff Bezos referred to as the wind and rain, his backer was the king of quantitative evaluation, the Jew David Shaw!

Whose Google is it?

Earlier than Larry Web page and Sergey Brin joined Wall Road as a way to go public, their backers had been nonetheless their very own folks, to not point out, the Stanford professor who endorsed them was additionally a Jew!

And PayPal does don’t have anything to do with Jews, however Warren Buffett and Goldman Sachs put on a pair of pants!

As well as, there may be Invoice Gates of Microsoft. When his father may also help him settle Microsoft’s authorized issues, his mom not solely helps his firm appeal to enterprise, but in addition permits Goldman Sachs to advertise Microsoft’s authorized issues. IPO, and subsequent bond underwriting.

Within the face of those networks of damaged bones and tendons, Goldman Sachs desires to threaten Roland?

What’s he threatening?

When Roland requested him to chop down his personal folks, he did not dare to chop them down!

On this case, Roland raised the asking worth to guard himself. Of their view, it was simply that the revenue was not sufficient and he did not wish to promote.

Subsequently, Henry Paulson, who felt that he had nothing to say, immediately handed the transaction settlement drawn up by the corporate’s companions to Roland, and after Roland opened the contract, the primary line made him really feel black Wire-

‘We are able to promote the extraction of shale oil, however we want the place of the Secretary of the Treasury within the George Administration! ‘

Observe: ①The P/E ratio of a recreation firm is certainly calculated at 30 instances. I mistyped the calculator once I calculated it earlier than. ②The world’s largest quantitative fund held by Goldman Sachs (now closed) was made by David Shaw. Why did Amazon survive the inventory market crash and the monetary disaster? It might probably inform all traders on this planet that it isn’t worthwhile. As a result of folks have cash, they will get cash. ③Berkshire Hathaway is basically the Iron Jewish Occasion. When the monetary disaster got here in 2008, Warren Buffett purchased Goldman Sachs most popular shares for five billion, and after that, he spent one other 5 billion to purchase Goldman Sachs widespread inventory, you should know that the U.S. Treasury Division saved Goldman Sachs with solely 10 billion funds on the time, and Warren Buffett was actually promoting his pants to avoid wasting Goldman Sachs. Capital is basically performed in teams, and a lone wolf actually cannot survive.

(finish of this chapter)