"In my personal opinion, the biggest problem with Muye Technology's acquisition of Apple is not Apple itself, but the acquisition offer that Muye Technology can give Apple."

Louis Martin told Li Mu: "No matter how low Apple's market value is, 3 billion US dollars will basically bottom out in this round. After all, Apple also has its own operating system and computer hosting business, and this negative is too strong, so Apple's stock price will have a certain oversold phenomenon. When the negative is almost digested, there will definitely be a proper bottoming rebound. Let's take 3.5 billion US dollars as an example. If Muye Technology hopes that the acquisition will be smooth, the quotation will be at least more than 5 billion. The two sides will negotiate back and forth for a few rounds. It is estimated that the actual operating price should be around 5.5-6 billion US dollars."

"5.5-6 billion?" Li Mu smiled slightly, not agreeing with Louis Martin's words.

In fact, his psychological price is not expensive even if he buys Apple at $7 billion. If he can get it for 5.5-6 billion, it would be really cheap to go to grandma's house.

However, looking at the amount of US$5.5-6 billion, although it is cheap, this is also a huge amount of funds for Muye Technology. With Muye Technology's current capital volume, it is far from as easy to swallow such a camel.

Louis Martin asked Li Mu: "Mr. Li, if Apple accepts a privatization acquisition with a valuation of $6 billion, how is Muye Technology planning to pay this huge amount of funds? Muye Technology only raised $3.3 billion in the last round of financing. If you remember correctly, $300 million of them was used to cash out the shareholders' layer, and the actual operating capital was only $3 billion. Moreover, Muye Technology has invested in building a large number of data processing centers around the world. This money should have been spent, right?"

Li Mu nodded and said, "Makino Technology will definitely not be able to get $6 billion in cash, but you can choose other solutions."

Louis Martin asked: "Do you want to use part of the cash and supplement part of Makino Technology's shares to acquire?"

Li Mu asked with a smile: "I'm crazy? I'm using Muye Technology's shares to acquire Apple? I'll change Apple's shareholders from holding Apple shares to holding Muye Technology's shares? Isn't this a blessing in disguise for them?"

Louis Martin nodded and asked in surprise: "How are you going to raise this fund?"

Li Mu said: "We can negotiate with Apple first, negotiate an intended price, and then communicate with Apple shareholders, pay a portion of the cash first, and then wait for Muye Technology to go public before paying them an additional considerable interest. Do you think it is feasible?"

Louis Martin said: "I personally think that Apple's shareholders may not agree. They are all experts in capital play. If they are no longer optimistic about a project, they will choose to stop loss and cash out as soon as possible, and then use money to do other investments. What these people care about the least is the interest rate. On the contrary, they all like to give interest rates and invest with other people's money."

Speaking of this, Louis Martin looked at Li Mu and said with anticipation: "Mr. Li, the best way is to Muye Technology conduct another round of financing and obtain the money it has raised to acquire Apple. It is roughly estimated that Muye Technology's current valuation can reach more than 70 billion US dollars. If it raises another round and dilutes 10% of its shares, the funds for the acquisition of Apple will be released, and the remaining money can be made in other layouts."

Li Mu smiled slightly and said, "I am not going to refinance before IPO."

Muye Technology's current user size, product strength, team strength and support strength are very strong, and the gap with other competitors has also widened by 108,000 miles. Moreover, yy's value-added service revenue is very considerable. The profits of "Paradise Town", "Plant vs. Zombies Online" and yy game hall are also very high. There is also a money-making monster like Muying Ticketing System. The overall profit is very considerable, and there is no place to burn money in all business lines. At this time, Li Mu no longer needs a large amount of funds to grab the market, so diluting the shares is completely unworthy of the loss.

However, for Louis Martin and Sequoia, they are also very optimistic about the future of Makino Technology, so they also hope to win more shares of Makino Technology before Makino Technology goes public. Makino Technology's market value is rising faster than imagined. The sooner you get Makino Technology's shares, the sooner you can lock in huge profits.

Although Li Mu is not planning to raise funds, money is indeed the biggest problem when he wants to acquire Apple now. Li Mu does not have that much cash, and the most valuable thing in his hand is Muye Technology's shares, but it is really unpaid to exchange shares for Apple at this time.

However, then again, now is the best window period for acquiring Apple. Whether it is Apple's stock price or Apple managers' confidence will completely bottom out in recent times. If Apple can be taken down before the bottoming out, there will be no future troubles from now on. If you want to get Apple after the bottoming out and rebound, the cost will inevitably be much higher.

This is similar to the mentality of domestic retail investors in stock trading. When stocks hit the limit continuously, they want to sell the stocks but cannot sell them. At this time, they dreamed that they would quickly cut their losses, but once the limit was opened, many people were reluctant to sell because they felt that since the limit had been opened, it indicates that they were not far from the rebound. They might as well take the stocks off after making up for some of the losses, and even hoped that the stocks could rise to a new height again.

After thinking about it, Li Mu still felt that it is safest to acquire Apple in the near future, so he said to Louis Martin: "Louis, I immediately set up a business unit specifically responsible for the acquisition of Apple. I personally take charge of the business unit, and you will serve as a senior consultant of the business unit. I will help you sort out the specific plan for Muye Technology to acquire Apple in the past two days, and also start to investigate the minimum offer Apple may accept. After the World Health Organization's warning of the Chinese epidemic in the past few days, I will go to the United States to implement this matter."

Louis Martin nodded and said, "Since I'm here, I will naturally do my best to help you and Makino Technology achieve your goals, but then again, why do you have to wait until the WHO lifts the epidemic warning before going to the United States?"

Li Mu said: "Perform some of the responsibilities and obligations that I should fulfill as a public figure. I stayed in Yanjing throughout the epidemic. I hope to take myself as an example and increase everyone's confidence in resisting SARS. I don't want to have an impact on some people because I left the epidemic area midway."

"I understand." Louis Martin said: "Since that's the case, we will start to prepare for the next few days. Time is not very urgent. After all, Apple will not be able to handle this mess in a short time."

...

To this day, the SARS epidemic in Yanjing and the whole country has been effectively controlled. According to the first-hand information mastered by Muye Technology, there have been no new patients in Yanjing these days, and patients in Xiaotangshan Hospital have also recovered one after another.

At this pace, the impact of SARS can be completely over in less than a month, and by that time, the people of the whole country will be able to give a breath.

However, Li Mu speculated that the WHO should not be so strict. It is impossible for them to wait until all patients are discharged before announcing the lifting of the threat. Judging from the current actual situation of domestic epidemic control, there is no problem even if the threat is lifted now.

Once the WHO announces that the crisis of the Chinese epidemic is lifted, even if Li Mu's mission in SARS is completed, the first thing Li Mu has to do is to fly to the United States quickly and handle all the recent backlogs in one breath.

The most important issue is the acquisition of Apple, and in addition to the other business developments of Makino Technology in the United States.

Mark Zuckerberg's faebook has also been launched. In order not to interfere with his own ideas and to prevent Makino Technology from covering the development space of faebook, Li Mu adopted the operation mode of Dasaiba for this project, allowing Mark Zuckerberg to tinker with himself. However, even so, Li Mu still needs to understand the situation and see if there is any deviation in this young man's thinking mode. If there is any, please help him correct it. If there is no, continue Dasaiba and let him run forward by himself.

There is also Elon Musk. He has been waiting to further communicate with Li Mu about electric vehicles and commercial launch vehicles projects. Both projects take a long time and funds to slowly develop. Before Li Mu's final answer, Elon Musk did not dare to act rashly.

Li Mu plans to take one month to go to the United States to get all these things done, and then communicate in-depth with the people of Sequoia Capital about Makino Technology's listing in the United States. The company is developing smoothly now, and it is time to plan for the iPo thing.

IPO is an opportunity to create miracles for companies like Makino Technology.

The capital market is relatively calm. How much Muye Technology is worth, the valuation given by capital is also relatively conservative. Although according to Louis Martin's meaning, Sequoia Capital is willing to give Muye Technology a latest valuation of more than US$70 billion, Li Mu is very disagreeable with this valuation.

A mere American Online has a peak market value of nearly US$200 billion, while Makino Technology only uses one YY. Which data is not far higher than that of American Online? Not to mention the huge power of the entire ecosystem when it integrates. Such an Internet giant has a valuation of only US$70 billion, which is really nonsense.

However, Li Mu was also very clear in his heart that with capital manipulation, a valuation of 70 billion is not a pitfall, and a maximum of 80 billion is just enough, because they also have to reserve profit space for themselves. Even they are waiting for the shares they have soared after listing, so it is impossible to use the market value after listing to value Muye Technology.

In the circulation market, investors have great confidence in a healthy and storytelling company, which can often bring a higher price-to-earnings ratio to the company, and the final result is that the stock price and market value soar more.

Based on the current market conditions of the entire Internet industry, if Apple is successfully acquired, Li Mu is confident that after Muye Technology's iPo, the market value will quickly exceed US$150 billion, and even after Mango-me2 and Yytunes mature, Muye Technology successfully digests Apple, it will hit the US$200 billion market value mark.
Chapter completed!