Robin was not in a state of being closed-door negotiations.

His mind was always thinking, and while he was thinking, he figured out a truth.

Everyone wants to find a backer, so just find the biggest one.

Who is the biggest?

Defengjie's total disposable funds are less than one-tenth of Li Mu's worth. The best choice at this time is naturally Li Mu.

Li Mu is a strong man and sometimes he often uses tricks, but one thing Li Mu is worthy of recognition. He will not kill the person who is really standing behind him. On the contrary, as long as the person who stands at him does not discipline any demons and keeps up with Li Mu's development pace, he will definitely get unexpected huge gains.

Of course, if you want to get on Li Mu's ship and become a member of Li Mu's ecosystem, you must sacrifice enough shares to Li Mu in order to exchange for his resources.

For Li Mu, his approach is very simple. A total of 25% of the shares are chains. The funds and subsequent resources are meat. If you want to eat meat, you have to accept the chain. This is the serious way to play. Otherwise, if you want to eat meat but don’t want to trap the chain, you will be chased to death.

In the big ecological strategy of Tengxun and Alibaba in their previous life, I don’t know how many such chains were held in my hands. The other end of these chains were all companies and teams that relied on them to survive.

Moreover, these two companies are targeting each other. I have to raise Tibetan mastiffs, and I have to raise them too; I have to raise them too; I have to raise them too; I have to raise them too; I have to raise them too; my brothers from all kinds of varieties under my hands bite them all day long, and those money-burning wars that will break out in subdivided fields for a long time are like a dog-fighting game between two rich men.

Describing a company as a dog is not because Li Mu has discriminated against it, but to describe this dependence relationship as appropriate as possible.

Robin is also facing a choice now. Should his company depend on Li Mu to survive? If so, be more cheerful, put a chain on the company, hand over the other end to Li Mu, and then wait for Li Mu's various resources. Otherwise, Li Mu may cultivate a bigger and stronger evil dog to compete with his company.

DeFengjie's Jimmy was very depressed. He had called Robin by name several times, but he was still empty-eyed and seemed to not take himself seriously.

Jimmy knocked on the table, and Defengjie, the representative, expressed his request: Defengjie could allow Baidu to give 25% of its shares to Li Mu, but Defengjie asked to use capital increase to avoid diluting his own equity, and they could also allow other shareholders to cash out the money they increased their capital.

In other words, Defengjie would rather spend more money than reduce his shares.

This means that the team led by Robin and other small shareholders have another opportunity to cash out.

However, robin was not interested.

The equity ratio is diluted by 25%, which is extremely difficult for Robin to accept. If Defengjie does not dilute, he and the team will further dilute the shares in his hands so as to collect the 25% for Li Mu. In this way, there will be very few shares left in the team.

Robin also knew very well that as long as Baidu gets Yiting.com and Li Mu becomes a shareholder of Baidu and exports resources to Baidu, Baidu's market value will definitely increase sharply.

In this case, the more shares are retained, the more benefits you can gain from them.

Defengjie is very smart, but Robin is not stupid either.

Robin looked at Jimmy and said very seriously: "If Baidu decides to acquire Yiting.com and introduces Li Mu to become a strategic shareholder, we will not accept any form of capital increase. As a major shareholder and the founder who has most of the voting rights, I have the right to make the final decision."

Jimmy knew that Robin was going to show his trump card.

Now, everyone is no longer negotiating issues, but fighting for profit. Robin is like a demolition team. It must demolish Defengjie's current shareholding shareholding. Defengjie is like a nail owner. He cannot give up his own interests at any time. At least he cannot compromise at this stage. He has to be a nail owner for a while and then consider compromise after the price of the land rises.

Since negotiation is useless, everyone can only fight for bayonets!

If you really want to argue with anyone who really has the right to speak, you will basically be able to find out. In this way, DeFengjie's interests may be threatened, so Jimmy also began to show his fangs and said, "robin, I advise you to think clearly. Although DeFengjie is not a top investment institution, we still have a certain right to speak in the US capital market. If you don't take our interests seriously, then all American capital will stay away from you in the future!"

Robin looked at Jimmy, smiled slightly after a while, and said disdainfully: "Jimmy, you are timid!"

Jimmy frowned: "What do you mean?"

Robin smiled and said, "Don't threaten me with my future prospects in the US capital market, because you don't mean the US capital market, nor can you! If you really want to reject Baidu on behalf of US capital, then you can consider withdrawing the investment. As long as you nod and withdraw your investment, I will sell my money and pledge all the shares, and I will also raise enough exit fees for Defengjie at a valuation of 120 million yuan, but are you so courageous?"

Jimmy was speechless all of a sudden.

Yes, while saying that the other party has no prospects in the US capital market, as a capital company in the US capital market, it is obviously a contradiction to hold on to Baidu's shares.

Jimmy lowered her face and asked Robin: "Is it really going to be so? At least Defengjie was the first capital to help you establish Baidu. Without us, you and Baidu would not be the same today!"

Robin also said tit-for-tat: "I know without you, there would be no such thing as Baidu today, so I did not disappoint your expectations. When you invested in me, the valuation was only 10 million US dollars, and now it has exceeded 100 million. You withdraw now and gain nearly ten times the benefits. I am worthy of you!"

Jimmy said: "You should be grateful, and DeFengjie can help you a lot. A year later, two years later, don't you want to go public on the Nasdaq?"

Robin nodded: "I want to go public, but it may not necessarily rely on your help. Jimmy, open the sunroof and say something. DeFengjie is the booster of Baidu's launch vehicle. You have completed the phased mission. I have also given you considerable benefits at the stage, but at the capital level, everyone cannot directly cut off the relationship. So from now on, DeFengjie can enjoy its achievements. In the future, Baidu's development will also bring greater room for profit to DeFengjie, but the prerequisite is that DeFengjie should not be too greedy, nor do you want to interfere in the company's operations. From now on, you are no longer the booster of the rocket, but the payload of the rocket, stay safely. Baidu can take you to a higher level, which is also your choice to maximize your interests."

Jimmy's face looked extremely ugly. Seeing that Robin was no longer something he could influence, he stood up and said, "Robin, remember what you said today, one day you will regret it."

After saying that, he got up and wanted to leave.

Robin called him and said seriously: "The last sentence, do your duty of 'load'. Baidu can bring you at least a hundred times or even hundreds of times the investment profit in the future. From now on, Baidu will no longer accept any investment from Defengjie, but Defengjie is welcome to cash out at any time!"

Jimmy was furious.

Robin's meaning is obvious, but Defengjie will never increase his stake in Baidu. On the contrary, he hopes that Defengjie will cash out and get out of here!

Angry Jimmy slams the door and leaves.

Robin breathed a sigh of relief after he left.

This is not a technical matter, but it requires courage.

However, Robin did not regret it at all because of such a stern quarrel.

If De Fengjie is not so greedy and accepts the fairest solution than dilution, then everyone will not break up today. On the contrary, everyone is happily waiting for Li Mu to help everyone make more money.

However, Defengjie is an institution that pursues his own interests with all his might, and even pursues some extremes.

Since that's the case, I can only tear my face apart.

After tearing the face apart, there is no need to consider the next issue.

Robin greeted his assistant and said, "Go and say hello to Mr. Li's assistant, and I said I have decided to accept his proposal."

15%+10%.

Robin is no longer planning to bargain with Li Mu.

Because Defengjie is his negative teaching material.

Excessive bargaining will lose more.

Instead of doing this, it would be better to make a decision just like when he was having a showdown with Jimmy just now, gritting his teeth and stomping his feet.

So Li Mu arrived with a smile on his face.

Seeing the firm robin, Li Mu asked him with a smile: "Robin, are you thinking about it?"

Robin nodded and smiled, "Mr. Li, I'm thinking about it. It's great to be on the big tree to enjoy the cool air. In the future, Baidu will rely on you and your big ecosystem!"

Li Mu smiled slightly: "It's not up to you, let's work together."

Afterwards, Li Mu began to discuss all the details of Qing Dynasty cooperation with Robin.

1. Yiting Technology replaces 15% of Baidu's shares with 100% of its shares, and Baidu's existing shareholders dilute them in equal proportion;;

2. Li Mu purchased 10% of Baidu shares from all existing shareholders of Baidu at a valuation of 120 million yuan. Li Mu invested 12 million US dollars in cash, and Baidu's existing shareholders diluted it in equal proportion. Now shareholders can cash out 50% of the shares;

3. Li Mu lent Baidu $8 million in his private name to interest-free loan for three years;

4. Li Mu, on behalf of himself and the existing shareholders of Yiting Technology, will fully authorize the voting rights and board seats corresponding to a total of 25% of the shares after the merger and acquisition to Robin. Li Mu himself and other shareholders will not interfere with it;

5. The default search of yy123 will be set to permanently and link the result page to which the popular keywords are linked;

6. Before Baidu is officially listed, Muye Technology is not allowed to engage in the development and operation of search engine products, and shall not hold more than 20% of the shares in other similar competitors;

After these details were negotiated, Li Mu immediately asked the team of dual-mechanical affairs and capital operations to conduct in-depth docking, and solved all process problems extremely quickly and demanded that the dust be settled as soon as possible.
Chapter completed!