Reborn multinational giant

Generally speaking, the two companies merge, the biggest point of contention is who is the dominant, who is the auxiliary, one mountain cannot tolerate two tigers, happy and fast after the merger of the two companies, whether Cheng Xiaodong or Lu Zhanwei, inevitably one person, even a number of existing executives of a company, have to leave or move a position.

However, it is obvious that with the market pattern of more than three times market share, which is faster and faster today, Lu Chenwei did not have any illusions, but acquiesced in the end of his exit. That is why the negotiations just now between the two of them were so smooth.

In addition to the subject-matter dispute, another very large point of contention between the two parties is the consideration, that is, both parties' assessment of each other's valuation. Because of the merger, the shareholders of both parties can each hold a number of shares in the new company, depending on the consideration agreement reached in the consideration process.

Obviously, this involves the interests of all the shareholders of the two companies. It is not up to Cheng Xiaodong and Lu Chenwei, the two CEOs, to freely negotiate or decide.

Although Express Taxi and Express Taxi have just completed a new round of financing in the autumn of last year, both Express Taxi shareholders and Express Taxi shareholders disapprove of each other's current market valuation. In the words of Wang Wei, the director of Express Taxi who brings together the largest shareholders in Express Taxi:

“Their data is bought by burning money, and once the subsidy is withdrawn, any demon monster has to appear in its original form. ”

In the last round of financing between the two companies, the market valuation of express taxis was $30 billion, while the valuation of express taxis was $10 billion, but as Wang Wei said, the valuation of express taxis is $10 billion, which is far less solid and stable than express taxis.

It can have such a high valuation, it is purely the false value of the two major shareholders behind Tencent and Baidu. After all, in the past year alone, they burned more than 2 billion dollars. If the valuation is insufficient, they will not be compensated!

As for the dispute between the two parties, Huaxing Capital, which has many years of investment and merger experience, has set a method for both parties to reassess the valuation of both parties, that is, Huaxing Capital sets a schedule, and both parties disclose and open relevant information to the other party according to the schedule and at a fixed time.

For example, how many orders will be placed on an expedited date, how many new registered users will be added, how many orders will be placed on an expedited date, how many orders will be completed in each region and market, etc. If in normal times, these are confidential data of each company of both parties, and only after the parties have signed the relevant confidentiality agreement, can they step by step be promoted, and these data will be disclosed to the shareholders and senior levels of both parties so that both parties can make a reasonable judgment and assessment of each other's valuation.

Whether Cheng Xiaodong or Lu Zhenwei, they all acknowledge Huaxing's method. If both parties cannot release these data without giving up their commandments, the merger between the two parties will not be able to go down.

After the consideration, another important difficulty for both sides to solve is the negotiation between the three largest shareholders behind both sides, the crowd, Tencent and Baidu. If the quick and safe competition is just a fight for everyone, then the competition of their three giants is a fairy fight.

For the three giant shareholders, apart from competing for equity interests in the new company, the other part includes mobile payments, maps, cloud computing services and other businesses, which are also the focus of their competition.

Whether it's Huizhou, Tencent or Baidu, part of their purpose of investing in taxi software is to see the mobile payment entrance of taxi software, map business use, cloud computing services and other businesses related to their own business.

Nowadays, WeChat payment is the default payment route on Express Taxi software. In Express Taxi, the second most popular payment route is Tencent Tenpay and Baidu wallet. Instead, WeChat payment can only be ranked third by many users. This design also leads to many quick taxi users' spit.

In addition to payment, the default map used by Express Taxi is Baidu Map, while the default map used by Express Taxi is Golden Map, which has long been acquired by Huizhou. The cloud computing services used by the two companies are also Tencent Cloud and Huizhou Cloud, respectively.

If the two companies want to merge into new companies, this part of the problem cannot be solved in any way. If it is simply to maintain the status quo, I am afraid that neither the conglomerate, Tencent nor Baidu will easily agree and compromise.

When it comes to the interests of the shareholders of the three giants of Huizheng and Tencent Baidu, Cheng Xiaodong and Lu Chenwei are even more unlikely to be the masters. They can only proceed slowly according to the plan agreed by both parties, and then contact the three giants themselves to negotiate. If they can negotiate together, then this matter has been accomplished. If they can't talk together, then the joint plan of the two parties can only stop suddenly. It depends on who can't hold it first!

Cheng Xiaodong and Lu Zhanwei glanced at each other. Both sides saw the bitter smile on each other's faces. The CEO was quite bored to do this!

From this day on, the quick and safe merger process began to proceed quietly. Until there is no definite conclusion on this matter, whether it be shareholders and senior management of both sides or intermediary Huaxing Capital, it is highly discreet and strictly confidential.

In the outside world and in the hearts of many quick and safe users and drivers, they look forward to a new round of financing and reloading of ammunition, so that the two sides can start fighting again in the new year.

The more the clams compete, the more the fishermen profit, the more the two families fight, the happier the users and drivers who receive subsidies and rebates!

On January 20, Fang Zhe, who was invited to participate in the annual Davos Winter Forum, flew to Switzerland on a private plane. At the same time, Wang Wei, the negotiating representative of the conglomerate, and the negotiating representatives of Tencent and Baidu companies, began negotiations on a joint agenda for peace and security in a conference room at Yanjing Express Ambo headquarters!

A few days ago, Wang Wei was specially summoned by the big boss Fang Zhe, who gave important instructions on this negotiation on behalf of Huizheng and Tencent Baidu.

“Don't take half a step, go one step further!" This is the boss Fang Zhe, giving Wang Wei instructions for this negotiation.

Wang Wei, while admiring the overbearing side leakage of the big boss, also fully understood what the big boss meant. That is, whether it is the ranking of the mobile payment entrance, the map, the cloud computing service, etc. in the quick taxi after the merger must belong to the conglomerate, Tencent and Baidu, and can no longer have any connection with the specific business of the new company.

At best, in the words of the eldest boss: "I'm willing to pick them up without their pants to pay for, I can already count on them!"

Wang Wei expressed deep agreement with this. If the war between the two sides continues, it must be Tencent and Baidu who are the first to be dragged down, not the wealthy conglomerates. Because the earning power of a conglomerate is several times higher than the sum of Baidu and Tencent!

“Director Wang, let's get started!"

In the conference room, confident Tencent representatives and Baidu representatives with winning tickets challenged Wang Wei, the representative of the crowd with only one person!