Chapter 289 An Irresistible Fool!
Chapter 289 An Irresistible Fool!
"Boss Liu, you're really sincere. But this kind of important matter isn't suitable for discussion online. Let's communicate via voice message! Let's discuss it properly."
"No problem, thank you for your consideration, Mr. Shen."
After hanging up the phone, Shen Fei considered the situation. Although Boss Liu was taking advantage of the situation, selling a shell for such a high price was still very reasonable...
What? What Boss Liu meant was that if he took the patent, he could go wherever he wanted.
…………
On September 12, when Mr. Liu's car stopped downstairs at Transsion's headquarters, a group of reporters had already gathered at the entrance.
The news of LX's acquisition of Motorola has been leaked from somewhere, and it has been spreading like wildfire in the tech media since yesterday afternoon.
Most importantly, LX believes the main reason they trended on social media was because they leaked the information...
"Mr. Liu, is Lenovo really going to acquire Motorola?"
"How much are you offering?"
Will Transsion sell?
Boss Liu did not answer, and quickly walked into the headquarters building under the escort of security guards.
It's hard to imagine that a 68-year-old can walk so fast and even wait a few seconds for the security guard.
He seems to be in a real hurry!
Although he didn't answer any questions on the way, he kept smiling! After all, he had invited these reporters; sometimes, public opinion is a tactic.
After all, your Transsion was sanctioned, and your market isn't as big anymore. Your employees... can't just starve because of you, they need to make a living too!
Meanwhile, Shen Fei waited for the great nemesis at the elevator entrance to welcome him!
"President Liu, welcome!"
Boss Liu grasped Shen Fei's hand, but his eyes unconsciously darted back and forth over him.
China's richest man, who is under 30, has turned a traditional small factory in Africa into the world's number one technology giant.
He deserves the title of number one in the world!
In an instant, Boss Liu felt like he'd wasted his life. After all, he'd worked so hard to turn LX into his private company, and now...
"Mr. Shen, I've heard so much about you."
After exchanging a few words, the two entered the meeting room.
There were only four people in this 100-square-meter conference room: Shen Fei, Huang Tianya, Boss Liu, and Yang Yuanqing, CEO of LX Group.
Having just sat down, before the tea on the table had even cooled down, Boss Liu's hand unconsciously picked up the teacup, then twitched slightly from the burn, but he still forced himself to take a sip...
"Mr. Shen, we are very sincere about the Motorola matter."
After all, at this point, the valuation we're offering is really generous—$29 billion.
Shen Fei looked at them without saying a word.
Yang Yuanqing frowned slightly. Could it be that the sincerity was insufficient? But if that were the case, wouldn't it be too greedy to transmit the message through sound?
After all, at this point in China, besides LX, who else would dare to take over? Motorola today is not what it was six months ago...
Times have changed. It's no longer his heyday; he's now banned from the American market, and his European market is teetering on the brink of collapse...
At this point, all Motorola had left was the brand!
"Mr. Shen, this price is based on the price when the company acquired Motorola Mobility back then."
You spent over 100 billion to acquire Motorola, but you certainly won't sell most of the patents. So what we mainly acquired were the brand, some patents, and global distribution channels.
$29 billion is very reasonable.
Shen Fei smiled and sighed, reached for the report, and then shook his head slightly. "President Yang, you think 29 billion is reasonable?"
I think that's unreasonable.
"So what are your thoughts, Mr. Shen? But 29 billion is already a very generous offer, after all, nobody's money comes from thin air."
Yang Yuanqing was speaking a little too fast. When he realized something was wrong, he tried to force himself to slow down, but...
"45 million!"
Upon hearing the price, Boss Liu and Yang Yuanqing's Adam's apples bobbed slightly, and their smiles immediately froze.
Then the two looked at each other incredulously.
Mr. Liu urgently spoke up: "President Shen, 45 billion is too high. The value of the Motorola brand now is far less than it was back then."
Moreover, Transsion has already been sanctioned in the United States, and Motorola's market share in the United States is practically zero, as is its brand value.
Moreover, we will need to resolve these issues after the acquisition, which will cost a significant amount of money…”
Shen Fei chuckled softly, twirling his pen between his fingers: "You're right. But that would cause me a little trouble..."
Shen Fei's words clearly carried a threat, and Boss Liu immediately tensed up. How could the weaker party negotiate like this, making it seem as if Lenovo was the one being banned?
It's just that Shen Fei didn't know what he was thinking, otherwise he would definitely have scolded him.
Some people treat sanctions as a huge deal, while Transsion treats them as a good thing.
After all, it's still uncertain how this matter will end.
"Mr. Liu, Motorola's brand value is not in the United States, but in China, Southeast Asia, and the European market. In addition, it also has certain channels in Southeast Asia and Latin America."
For LX to enter these markets, Motorola is the best stepping stone.
Huang Tianya, who was standing to the side, finally started playing the good cop...
He paused briefly, his face also wearing the same mask as Shen Fei.
It gives off a feeling of gentleness and non-threateningness, but could stab you in the back at any moment and kill you instantly.
"Moreover, Motorola also holds more than 2000 communication patents."
"Have you calculated how much licensing fees LX can save by using these patents, Mr. Liu?"
Listening to Huang Tianya's advice, Yang Yuanqing unconsciously touched the documents on the table, his movements and rhythm slowing down considerably, but he himself was completely unaware of it.
Boss Liu sighed silently. He shouldn't have brought Yang Yuanqing today... Now, it's too late to say anything.
Huang Tianya smiled slightly upon seeing this scene; everything was going according to their plan.
"Mr. Liu, Lenovo's main business is PCs. We've been doing mobile phone business for so many years, but it's never really taken off."
Why? Because they lack a brand, patents, and distribution channels.
Motorola has three companies, each worth 45 billion. Does Mr. Liu think it's too expensive to buy a global brand like this?
Boss Liu remained silent, staring at the asset statistics on the table.
There are indeed quite a few communication patents, but core patents only account for about 10%, and standard essential patents are even fewer.
Most of them are old or easily bypassable patents... He felt his heart was bleeding as he spent 40 billion on this junk.
However, Huang Tianya was not wrong.
Transsion was also a new brand. After acquiring Motorola, its annual sales in the United States jumped to 3000 million, and that was in the flagship market...
Lenovo may not have the same technological reserves as them, but with a discount to 20 million a year, plus the mid-to-low-end market, annual sales could exceed 100 million, making it one of the top 3 globally shouldn't be a problem...
This deal doesn't seem to be a particularly bad one.
"30 billion, that's the most we can go."
MMB