My Age of Investment

   Chapter 680

   "Hehe, you can't let go of being wary of me and Facebook." Xia Jingxing chuckled and turned to Murdoch, "What do you mean?"

  Murdoch and Xia Jingxing looked at each other for a few seconds, then smiled and said, “Dalun, don’t be nervous, please come over for the family dinner today. I have no malice against you.”

  Xia Jingxing doesn't answer.

  Murdoch said to himself: "I was too young. At that time, I felt that the whole world belonged to me, and the whole earth revolved around me.

  As I got older, I thoroughly understood the nature of the operation of this society. "

  "Essence?" Xia Jingxing was puzzled.

Murdoch nodded slightly, "Yes, it is the essence. Let me give you a simple example. In 1952, my father died of illness. At the age of 21, I returned to Australia from Oxford University in the United Kingdom and took over the two tabloid newspapers left by my father... …"

  Xia Jingxing did not speak, but quietly listened to Murdoch's story of his own start-up.

  Murdoch is not actually starting from scratch. He is a rich second generation. His father left him a farm and two newspapers.

However, Murdoch is also a ruthless man. These small industries were in his hands. It took him decades to bring him to a whole new level. The industrial influence and wealth are far more than a hundred and thousand times that of his father when he was alive. .

"When I liquidated the estate my father left me, I found that several newspapers were in a state of loss, so I managed to keep the two newspapers, the Sunday Mail and the News, which had hopes of life, and lowered the other newspapers. Price to get rid of.

  Faced with the main competitor "Advertising", I decisively chose to merge with them.

  These asset disposals seemed stupid at the time. Many people called me a prodigal son, and didn't cherish the family business that my father worked so hard to break down.

  But what they don’t know is that it is precisely because I sacrificed short-term profits in exchange for abundant cash flow and development time, which laid a solid foundation for my future career development. "

  Xia Jingxing nodded. Murdoch was only 21 years old at the time. He had already demonstrated extraordinary business talent and the qualities necessary for successful people-decisiveness before graduating from university.

  Murdoch smiled and looked at Xia Jingxing and said: "Dalun, let me tell you the secret of my success. Every time I develop into a place, I will definitely get a ticket through mergers and acquisitions."

  "Admission ticket?"

   "Yes, you don't naively think that wherever my newspapers and TV stations want to develop, open the door to welcome me, right?"

  Xia Jingxing shook his head. Of course he would not be so naive. At that time, he introduced DST as a shareholder in order to enter the Russian market.

  "In order to let Star TV land in mainland China, in exchange, News Corp. used its own TV network to let China Central Television’s English International Channel land in the UK and France.

  Now you understand the nature of the operation of society, right? "

  Xia Jingxing nodded, the meaning of the old Murdoch's words, is not the exchange of benefits.

  What can Murdoch exchange with himself, Juyou.com?

  A Juyou.com, which is going to the end, he doesn't like it.

  At this time, a series of delicious Chinese food was served by the servant, and the aroma diffused throughout the room, making one's index finger open.

  After a while, Wendi Deng and Yang Niu also came back holding hands, talking and laughing.

  "Mr. Murdoch, you have found a good wife. Ms. Wendy just took me to visit her art collection, which opened my eyes completely." Yang Niu said with a smile.

  Murdoch smiled, it was just for fun, or to decorate the room, and occasionally take the guests to the door to have a look, the invisible pretending to be a wave of force, it seems to have cultural heritage, not a nouveau riche family.

  But if you go to be more real, you will lose. The real high-ranking families don't need these things to decorate their appearance, just show their surnames.

  Murdoch and his wife greeted Xia Jingxing and the two to sit down and talk in a low voice while eating.

   "There is a prom in Beverly the day after tomorrow. Christina, are you going to come to it? Very interesting. Many ladies are coming. I can introduce you to them."

  The foreign girl smiled at Wendi Deng, "Thank you, this time is too busy, there should be no free time to participate."

   "That's okay, wait until you are free. Hey, did you make your hair in San Francisco? Next time I go to San Francisco, I will ask you to do it together."

  The foreign girl smiled brightly, "Okay!"

  The two women chatted quietly on various topics, nothing more than dance parties, operas, cosmetics and the like.

  The foreign girl has long wanted to be a celebrity, but aspires to be a female business elite.

  Wendi Deng don’t look at the supernatural being blown by the media. Whatever a strong woman or an independent woman, she doesn’t have her own career at all, but just a weed that grows by climbing a tree.

  She stays in Beverly Hills all year round. The things she plays and talks about are completely two styles with Silicon Valley.

  The foreign girl doesn't catch a cold at all, but at home, she can only chat with the hostess.

   Murdoch chatted with Xia Jingxing on the Internet in a low voice.

   "I heard that Facebook users have exceeded 300 million?"

"Correct."

  Murdoch sighed, “It’s too fast. It’s been less than four years since it was founded. It took News Corporation several decades to reach hundreds of millions of readers.”

  Xia Jingxing smiled and said: "The times have changed, and the communication channels have also changed."

  Murdoch raised his eyebrows, Xia Jingxing has the kind of humility of the Oriental, seldom as rebellious as the Western youth.

  What the other party said just now, and the tone that it showed, was somewhat sharp.

   Pressing the surprise in his heart, Murdoch followed Xia Jingxing’s words and said: “Yes, the times have changed. Now the Internet is spreading too fast, enough to subvert the existing media structure.

  News Corporation began to actively deploy the Internet at the end of the last century, but unfortunately it caught up with the Internet bubble, and the timing is very unfortunate.

  If we invest a few years later, maybe we can still meet Facebook, Darren, don’t you? "

  Xia Jingxing smiled, and the tail of the fox finally appeared. This old Mo was really calm. He had laid so much for him before slowly saying his purpose.

   "Yes, everything is possible. This is the essence of the operation of society that Mr. Murdoch just told me."

  Old Murdoch burst into laughter suddenly, thinking that this young man is very good, and it is worthwhile for him to say so much.

After testing out Xia Jingxing's attitude, Murdoch started talking about Juyou.com.

   "...For this website, our News Corporation has placed high expectations, but for a year, its development has not been satisfactory."

Without answering, Xia Jingxing looked at Murdoch with a smile. The latter slowly said: "We have analyzed the reasons. On the one hand, we haven't paid enough attention to it. The total amount of equity acquisition plus subsequent capital injection is less than two. Billion dollars is too little.

  On the other hand, we have to admit that we still don’t understand the Internet, at least not Dalun you understand. "

  Xia Jingxing kept smiling on her face, but in her heart she was thinking quickly about the meaning of the old man’s words.

  First of all, I emphasized that we haven’t paid enough attention to Juyou.com, and the investment is too small. Is this a threat to ourselves?

  Then the old man praised him again, expressing his favor.

  Is this to accept their investment or acquire Juyou.com? Otherwise, just fight with yourself to the end?

   "Mr. Murdoch, let me tell you the truth, you shouldn't buy Juyou.com last year. This website was already in decline at that time."

  Old Murdoch smiled and spread his hands, his tone a little helpless, "Is there any way, you refused to accept our investment at that time, we can only find alternative targets."

  This bad old man is so bad that Xia Jingxing didn't believe his nonsense. At that time, Murdoch was not only about investing in Facebook, but also wanting to buy Facebook as a whole.

  This touches the bottom line of Xia Jingxing. He will never sell a large amount of his shares before Facebook grows into a giant, that is, he is cutting his own flesh.

  A small amount of sales can also be considered, because the money can be replaced with domestic assets, such as the shares of Ali, Penguin, and Baidu, making the entire asset portfolio more reasonable and more risk-resistant.

  Xia Jingxing smiled and did not answer Murdoch's words. Even if he wants to talk about investment, he must wait for Murdoch to speak actively. He can't be too proactive, so as not to fall into passive negotiating.

   Murdoch asked a few more words, Xia Jingxing deliberately pretended to be stupid and changed the topic.

  Old Murdoch felt helpless. This kid was too slippery and couldn't get off the hook. He simply took the initiative to bring up Juyou.com’s disposal plan.

  "Dalun, I sell you Juyou.com, how about investing you a sum of money?"

  As soon as Murdoch said this, the babes and Wendi Deng who were chatting on the side stopped talking instantly, and all three of them focused on Xia Jingxing.

  Xia Jingxing smiled lightly, "Mr. Murdoch, this is what you told me: It’s very important, and it’s about the future development prospects of Facebook?"

  Murdoch spread his hands, “Isn’t that important? Our two companies have reached a cooperation to resolve all previous grievances. News Corporation will also use its resources to **** the development of Facebook.”

  Xia Jingxing nodded, "Mr. Murdoch is so sincere. In principle, I agree to cooperate, but I want to hear the detailed cooperation framework."

   Murdoch looked happy and replied: “First of all, Juyou.com merged into Facebook at a valuation of US$300 million and replaced 1% of its shares.”

Before Xia Jingxing spoke, the babes couldn't help it. "Juyou.com can't be worth 300 million US dollars, at most 150 million US dollars. Just when News Corp. has recovered all of its investment, it won't make a profit or lose in this transaction. "

  Old Murdoch smiled without saying a word, and turned his eyes to Xia Jingxing.

  Xia Jingxing waved his hand to the foreign girl, "Kristina, first listen to Mr. Murdoch to finish."

  Murdoch took a look at Xia Jingxing with admiration, and then said: “Second, we can invest 10 billion U.S. dollars in Facebook, half of the funds can be injected into the company, and half of the funds can be acquired in your hands."

  Xia Jingxing was a little moved now, "10 billion dollars?"

  The foreign girl was also surprised. Although News Corp. has a reputation, it is definitely not an easy task to pay 10 billion US dollars.

  Xia Jingxing quickly calculated in his mind that if Murdoch’s plan was used to raise funds, News Corp. would hold about 32% of Facebook’s equity and become the largest shareholder of Facebook.

   And he first sold 16.67% of his equity to News Corporation, and the remaining equity was diluted again, and his shareholding ratio would be reduced to less than 30%, retiring to Facebook’s second largest shareholder.

  Murdoch looked at Xia Jingxing with a smile, who lowered his head without saying a word, as if thinking.

   Murdoch guessed that this young man must be calculating and weighing.

  In fact, they asked professionals to calculate this plan. They first calculated Xia Jingxing’s shareholding ratio in Facebook, and considered Xia Jingxing’s current career development, and finally came up with such a plan.

  "Dalun, you have also set up a lot of business in China, and that is your motherland, and your development in China will not be subject to so many constraints in the United States.

  5 billion U.S. dollars, this figure is enough to make you the richest man in China.

  There are many opportunities in China. News Corporation has always wanted to enter that market.

  With such a large sum of money, you can definitely create a business kingdom in China that truly belongs to you and can be controlled by you. "

Xia Jingxing smiled, "Mr. Murdoch’s suggestion sounds very good, but I am not short of money recently. A large number of pension funds, university endowments, and even sovereign wealth funds wanted to invest money for me, but I refused. ."

  Murdoch shook his head and laughed, "Daren, you forgot what I just told you, the essence of the operation of this society is the exchange of benefits.

  You give me what I want, and I also give you what you want. Let’s make money together happily. "

   "But you didn't give me what I wanted."

  Xia Jingxing’s voice was calm, making the atmosphere of the scene instantly colder, no longer the harmony that was just before.

   "Five billion dollars, still can't fill your appetite?"

  Old Murdoch stared at Xia Jingxing, his eyes were like torches, and his whole body exuded a strong aura. If it weren't for a wrinkle, he didn't look like a seventy-five-year-old man at all.

  Xia Jingxing was not frightened by Murdoch, and smiled easily, "Mr. Murdoch, you may not know me, what I want, that is just a result of your speculation."

  "You have five billion dollars to make a base. No matter what Facebook will develop in the future, you will not lose money. News Corp. bears the biggest risk."

   Murdoch’s voice was a bit irritating. He just praised the young man on his front foot for raising him, and he gave him a whole back foot.

  As the babes guessed, 10 billion U.S. dollars is also a big number for News Corp. They themselves cannot come up with so much cash. The large amount of funds drawn will affect the normal operation of the company.

  The plan proposed by the financial adviser was to cooperate with Wall Street and borrow money to hold Facebook. When the shares of Facebook are acquired, they will mortgage the loan and return some of the cash.

  After adding financial leverage, they expect to spend only US$3 billion to US$4 billion to control Facebook.

  Xia Jingxing actually did not think that Murdoch’s plan was particularly excessive, the price was good, and he was willing to let him cash out such a large sum of money.

  But their biggest difference lies in their different perceptions of the value of Facebook.

  Old Murdoch may think that Facebook may be worth tens of billions of dollars in the future, hundreds of billions of dollars, just like Yahoo and Google in the past.

  And Xia Jingxing thinks that Facebook is worth trillions of dollars.

  "Mr. Murdoch, I am very grateful for your appreciation of Facebook, but I really cannot accept your proposal.

  I can allow News Corporation to invest in us with a shareholding ratio of not more than 5%. This is my greatest sincerity. "

   Murdoch smiled angrily, "Daren, you are afraid that you have forgotten the tubing."

  (End of this chapter)