My Age of Investment

   Chapter 1293 The Accidental Billionaire

   "Daren, Jerry, you are here."

  Xia Jingxing and Yang Jieyuan were chatting when Ricky Milner suddenly strode over.

   Hearing the sound, the two immediately stopped talking and turned to look at the person who came with a smile.

   "Daniel Ek just called me." Ricky approached.

  Xia Jingxing said lightly: "What did he say? Agree to sell Spotify to Facebook?"

  Ritchie paused and said, "He made an offer, $1 billion!"

   Yang Jieyuan sneered, "Joke, is their broken software worth 1 billion US dollars? Give 100 million US dollars, I think it is too much."

  Ricky didn't answer and turned to look at Xia Jingxing.

  Xia Jingxing glanced at Yang Jieyuan, Lao Yang really has bad eyesight, he missed the acquisition of Google for $1 million, and the acquisition of Facebook for $1 billion. If the other party's judgment is based on the other party's judgment, now he will miss the great opportunity of the acquisition.

   However, Xia Jingxing also felt that 1 billion US dollars was a bit too high, and it was a sky-high asking price.

   "Shengpotian has been established for less than three years, and the software has just been launched last year. One billion US dollars is too expensive. Let him be cheaper. We can give him Facebook equity, and he can also want cash."

  Ricky hurriedly shook his head, "Daren, Daniel is very stubborn. If he doesn't make a high price, I'm afraid it will be difficult to persuade him to agree to the transaction.

  According to his original intention, he is more willing to let the company complete the listing independently in the future.

   I persuaded him for a long time. He killed the company before and didn’t sell the company. He called me today. To be honest, I was shocked. I thought he took the wrong medicine. "

   Yang Jieyuan retorted: "I also looked at the software of Shengpotian, Facebook can make it by itself, there is no need to buy them.

  $1 billion can buy the four major record companies (Universal has not yet acquired EMI), and let them agree to license the music network rights to us.

   Coupled with the traffic from Facebook and YouTube, it is not difficult for us to build and promote our own music streaming platform. "

  Xia Jingxing shook his head, "Obviously there are ready-made ones, why make one yourself?

   And the acquisition, not only the acquisition of the company, but also the acquisition of the team.

   We need a mature music streaming media development and operation team right now. After the acquisition and integration, it can come in handy immediately.

   Of course, I also don’t agree with their quoted $1 billion valuation.

   Last year, when Shengpotian raised money, the valuation was less than $100 million, right? "

  Ricky added: "The valuation after the last round of investment was exactly $86 million, and now the latest offer from VCs for Shengpotian is $250 million."

   "Then let's talk about the bottom line of 500 million US dollars. As long as it is lower than this valuation, it will quickly win the sky."

  Xia Jingxing soon made a decision. Whether it is YouTube or short videos, he will have to deal with the four major record companies in the future. Now that he has won the sound, he should have accumulated experience in advance.

   Yang Zhiyuan looked like he was hesitant to say anything, and his face was very tangled.

  Although he is the chairman of Facebook, he is actually only a minority shareholder and cannot control Xia Jingxing's thoughts.

   In addition, Christina and Xia Jingxing had already slept in the same bed, and his opinion could basically be regarded as her opinion.

  Xia Jingxing also saw that Yang Zhiyuan was still a little entangled and reluctant, so he smiled and said with relief: "Jerry, believe me, the value of Shengpotian is definitely not much worse than that of YouTube.

   Facebook's future positioning is not just as simple as a social network.

   A single advertising revenue structure is not conducive to the rise of Facebook's stock price and market value in the future.

   In addition, when the dividends of the social market are exhausted, the growth rate of users begins to slow down, and even active users begin to decline, which is a disastrous consequence for Facebook.

  To solve these problems, we can only start acquisitions, extend industrial tentacles through acquisitions, and create new business models and revenue structures. "

   Yang Jieyuan frowned and said: "Daren, I am not against Facebook's capital operation.

   But I think the acquisition should be placed after the listing. The next most important thing for Facebook is the listing, and other things should be prioritized backward. "

  Xia Jingxing said with a smile: "Who said that only after going public can we start external acquisitions?

  Wait a year or two, and the price will not be at the current price. "

   Yang Jieyuan explained: "No no no, you misunderstood what I meant. In another year or two, Facebook's valuation or market value will not exceed the current $60 billion."

   "Then you say that the valuation of a company that has only completed one or two rounds of financing will rise faster, or the valuation of a quasi-listed company like Facebook will rise faster?"

  Xia Jingxing suddenly felt that Yang Jieyuan was a bit of an axis, but the main problem was the difference between the two sides on the development potential of sound and music streaming media.

  If Yang Jieyuan knew that Shengpotian had the potential to have a market value of 100 billion US dollars, I am afraid it would not be so mother-in-law.

   The voice of the debate between the two was a little loud, which alarmed Kristina and Akiko Yamazaki not far away.

   The two walked over quickly.

  Christina asked, "What's wrong? I thought you were arguing."

   Yang Zhiyuan waved his hand, "There is no such thing, we are talking about the acquisition of the sky."

   "Breakthrough? They agreed to sell?"

   Seeing Kristina's puzzled look, Yang Jieyuan had to repeat to her what he had just discussed with Xia Jingxing.

After listening to   , Christina did not support Xia Jingxing immediately, but gave her opinion from the perspective of the CEO.

   "If Soundpot can become the YouTube of the music industry in the future, then Facebook has two arms outstretched beyond its social backbone.

  Social + entertainment is a development direction with a lot of room for imagination.

   Killing time for young people is also sexier than the internet advertising agency sounds. "

   How could Yang Jieyuan not understand that this was Kristina's support for Xia Jingxing around the corner.

   "Okay, then I take back my opinion, it's up to you to decide."

   Aware that Jerry Yang seemed a little unhappy, Christina comforted: "Jerry, I understand your idea, but now that our social business is stabilizing, it is indeed time to open up the second growth curve.

   We can’t wait for the business to develop to the top and then think about transformation. At that time, there is no extra market left for us. "

   Xia Jingxing glanced at Kristina with admiration, the other party has made great progress, and now there is no need for him to make up extra lessons in bed.

   The pattern of Xiaomazi in the previous life was relatively low. He clinging to the name of a social empire, he did not do high-tech in cloud computing, and he did not enter markets other than the main business of social networking. Third, plagiarism was the wrong answer.

  If Facebook learns from Penguin to engage in pan-entertainment, the market value will definitely have reached the trillion-dollar level.

   Facebook seems to be very focused, but in fact it is slowly entering a dead end, so that it is about to fall behind the Big Five.

   Of course, this kind of sticking to the hometown is also related to Facebook being the latest of the five tech giants.

   When Facebook has a little strength, the good track has basically been divided up by the other four giants, and it can only be Allin metaverse like Baidu Allin artificial intelligence.

   "Well said!"

   The puppy appeared out of nowhere, and he walked towards the crowd while clapping his hands.

  Xia Jingxing said angrily, "Where did you go? Why did you come? You can't eat hot food even if you have a feast."

   The little dog smiled and handed the gift box in his armpit to Xia Jingxing, "Congratulations to the boss on his new house."

   This gift box looks familiar to Xia Jingxing, because it is a bit thin and can hold photos and CDs. Puppies often use this box to send him some things that violate social values.

  Xia Jingxing calmly accepted the gift, planning to open it after everyone left.

   "Take it apart? There are good things inside."

   The puppy couldn't help urging when he saw that Xia Jingxing had put the gift box behind his back.

  Xia Jingxing looked left and right, he suspected that the little dog was deliberately challenging his authority.

   "It won't be dismantled now, just leave some surprises."

  The little dog was keenly aware that the boss was thinking crookedly, so he ran on it and said, "This is a limited edition gift of mine. After opening it, everyone can see it together."

   Yang Zhiyuan, Ricky and others were aroused interest, and they all said to Xia Jingxing to dismantle.

  Xia Jingxing glared at the puppy, thinking that the puppy shouldn't be so indistinguishable between occasions, right?

   He unpacked the gift box a little worriedly and prepared to be embarrassed.

   Anyway, it's not that he is alone in disgrace, the major shareholder of the P station is the source of production evil.

  Xia Jingxing opened the gift box three times and five times by two. As soon as the box was opened, it immediately attracted the attention of the surrounding.

   turned out to be a yellow book!

   A yellow-covered book titled "Accidental Billionaires: The Birth of Facebook, a Story of Sex, Money, Genius, and Betrayal."

   (end of this chapter)