Red Hoffman and Daniele both came to their senses and knew that they had to change their strategies. Originally, they wanted to use Sequoia's name to increase the price of LinkedIn. After all, Sequoia's name and strength were much larger.

But now it seems that they know that it is impossible for them to use this method again. They have a feeling of gritting their teeth for Sequoia, and they are sold by the other party before they know it!

After breathing a sigh of relief, Danie looked at the senior executives of Renren Technology on Chen Chu and Du Jianzhao and said, "Linking In is one of the fastest-growing professional social software since its establishment in North America. Next, we will cover the entire North American region!"

"As the first platform in North America to start socializing and communication in workplaces, LinkedIn has invited many companies and companies to join the LinkedIn platform, and millions of white-collar professionals have also joined our platform, and our profits will gradually begin!"

Danie expressed the advantages of LinkedIn so that Chen Chu knew the advantages of his business, that they had their own technology and resources.

Chen Chu knew that Danie Ye was right. LinkedIn is still in a state of accumulation of strength. After accumulating a large number of customers of enterprises and companies, LinkedIn began to explode and quickly began to sweep the entire workplace social market. By that time, Renren Technology would imagine that today, it would be impossible to let LinkedIn come to Yanjing for negotiations easily!

But that's what happened in the future. LinkedIn is still too weak to Renren Technology, and its user scale is not even as big as the ICQ under Facebook, which was acquired. There is no way to talk about profitability. LinkedIn now doesn't even have advertising, let alone any profit model.

"This time the cooperation between Renren Technology and LinkedIn is an alliance rather than an acquisition!" Chen Chu said to Dannyer, but in fact he was talking to Red Hoffman. He is the current major shareholder and person who controls the right to speak.

"After cooperating with Renren Technology, Renren Technology can help LinkedIn expand its market to the entire international market. Renren Technology's servers can be provided to LinkedIn, and can help LinkedIn structure business departments in the UK, Germany, France and other places. It can allow LinkedIn to expand the entire market scope to the entire North America, Europe and even Asia in the shortest time!"

After Chen Chu's words finished, neither Red Hoffman nor Danie could help but breathe. They knew that Chen Chu's words were not fooling people, but that it was really possible!

Red Hoffman thought for a moment, then glanced at Dannyer, and finally looked at Chen Chu and said, "It looks very attractive. LinkedIn agreed to cooperate with Renren Technology, but I think LinkedIn is not only worth $160 million!"

Even if they are at a disadvantage now, Red Hoffman and Danieer are reluctant to give in when it comes to LinkedIn's value. Even if Sequoia Capital, one of the major shareholders, has already defected to Renren Technology!

"Linking In has huge advantages. As long as LinkedIn is given time and funds, LinkedIn will definitely be able to develop. It's just a matter of time. It's impossible to get LinkedIn with 160 million US dollars!" said Danieer.

Du Jianzhao from Renren Technology is unwilling to waste more money. Renren Technology now relies on Facebook, Renren.com, Renren Music and other businesses to make money every day, but there are many places to spend money. There is also Skype, the hard bone behind it, which is where money is needed. Renren Technology's funds are still a bit short of money.

"In this cooperation, LinkedIn will not only receive this fund, but will also receive support from Renren Technology. Future funds, resources, technology, and Renren Technology can support LinkedIn!" Du Jianzhao said to Dannyer. The subsequent Renren Technology provides is more important than the acquisition funds!

Danie didn't want to give in. Although Chen Chu said it was an alliance, he was actually still acquiring LinkedIn. In the future, Renren Technology will become the major shareholder of LinkedIn. For the current management of LinkedIn, this acquisition fund is something they can get in the early stage. It is still unknown whether LinkedIn can go public in the future. Therefore, this acquisition fund is equivalent to a compensation payment and is also cashed out. Those who established LinkedIn with Red Hoffman could get more or less.

With Danie Ye and Du Jianzhao coming forward, Renren Technology and LinkedIn management started to fight verbally, and they didn't miss a decimal point on both sides. Each decimal point represents dozens or millions of dollars!

This is also the norm. The current debate is still for LinkedIn's acquisition, Chen Chu and Red Hoffman did not participate. As long as they don't speak, no matter how fierce the two sides are in the fight, the negotiation will not be hyped.

In the end, Danie asked for a price of US$230 million on behalf of LinkedIn, which was 70 million more than the purchase price that Renren Technology issued to LinkedIn, and Du Jianzhao no longer made a bid.

In fact, this is within the range estimated by Renren Technology. The acquisition price that Renren Technology can afford is around US$270 million. If the price on LinkedIn is too high, Renren Technology will acquire another workplace social networking website to compete with LinkedIn!

"Chen, LinkedIn needs enough autonomy, I hope you can understand!" Seeing that the price negotiation was almost done, Red Hoffman said, this was one of the most important conditions for him to come here in person today.

Once he loses management authority, Red Hoffman feels that there is no difference between losing LinkedIn. If he is acquired by Renren Technology now, although he is no longer a major shareholder, Red Hoffman is still the one who actually controls LinkedIn. This is something that Red Hoffman can accept!

"No problem, Renren Technology has always respected its partners very much, Facebook is like this, ICQ is like this, and LinkedIn is like this!" Chen Chu said to Red Hoffman.

Red Hoffman nodded. The reason why he was willing to come here was because Renren Technology has always had a good reputation. After the acquired companies such as Facebook and ICQ, most of the original management teams were retained. Although they were also cooperating with Renren Technology to make some changes, overall, Renren Technology did not force these companies to contribute much profit and were relatively tolerant of the acquired companies.

Chen Chu got up and shook hands with Red Hoffman, then came to the balcony of the conference room with Red Hoffman. Du Jianzhao and Dannyer's teams were still negotiating about the acquisition, but Chen Chu and Red Hoffman agreed, and the matter was basically confirmed, and all they needed to do was sign a letter.

Standing in front of the window, when the wind outside blew, Red Hoffman's thoughts began to dissipate. He did not look at the still noisy conference room, but looked at Chen Chu, "Chen, I have heard of your name for a long time, but I didn't expect you to be able to do this!"

Chen Chu looked at Red Hoffman, he could feel that Red Hoffman was not complimenting him, and laughed, Chen Chu said, "I just did a little insignificant thing under the trend of the Internet!"

Red Hoffman laughed, "Chan, is this the unique humility of the Oriental people? You must know that no one would say this in Silicon Valley. If it were Larry Ellison, Musk and others, they would never say this!"

“When I received my Master of Philosophy at Oxford, one of my professors and tutors told us to pursue ‘who are we’ and ‘what we should be, and what impact we will have on society’!”

"At that time, I was thinking that when I found the results, I might be a decades old man. There might be only fifty or sixty people who are willing to see my research results, so I want to use another way to find ways to influence more people!"

Chen Chu looked at Red Hoffman, "You have done it. I believe that it won't take long before LinkedIn will become one of the essential software for all companies and white-collar workers, and you will become the "king of connections" in Silicon Valley!"

I have to say that Chen Chu's chicken soup is now at the level of a master. Inadvertently, a few words can make people's adrenaline soar!

Red Hoffman, who had been together in Silicon Valley for so long, heard the words "King of Connections", and a turmoil appeared in his heart.

Red Hoffman looked at Chen Chu and had a deeper understanding of Chen Chu. He shook his head. Red Hoffman said, "Chen, you have done something I have always wanted to do but have not done. SG games, Renren Music, Renren Film and Television, Onyx electronic readers, and other things. It has completely the living habits and methods of countless people. You are not following the Internet trend, but creating a new Internet digital trend!"

Chen Chu laughed silently. He didn't expect that Red Hoffman would actually praise him so high. I think there are a few people who dare to say that they are leading the Internet trend now. All of them are famous figures, Bill Gates, the founder of Yahoo, etc., and there are only a few people. Red Hoffman put Chen Chu at the same level as these people and is already comparable to these people!

Chen Chu and Red Hoffman returned to the negotiating table. Renren Technology and LinkedIn signed a draft cooperation agreement. Now it is just a cooperation agreement. The specific cooperation agreement needs to be formulated by lawyers on both sides. It takes dozens of hours to fully formulate it. After all, the funds involved are astronomical.

Although it is only a preliminary cooperation agreement, it is also binding. It is just that the formal agreement is more rigorous and has more terms than this agreement!

Chen Chu read the agreement and Renren Technology will acquire 57% of LinkedIn's equity for US$230 million, acquire 52% of the equity from Red Hoffman and other LinkedIn shareholders, and acquire 5% of the equity from Sequoia.

Renren Technology will officially become the largest shareholder of LinkedIn, holding more than 57%, Red Hoffman becomes the second largest individual shareholder, holding 20% ​​of LinkedIn, Sequoia Capital becomes the third largest shareholder with a 15% stake, and the remaining shares belong to LinkedIn’s management!

At night, when the technology industry was still hotly discussing how Renren Technology should treat LinkedIn and Skype, LinkedIn's official website suddenly announced that it had reached a strategic cooperation with Renren Technology. As soon as the news came out, the entire technology industry was in an uproar!
Chapter completed!