"No, no, no, Chen, you misunderstood me. I have no intention of selling Pixar Animation Studios."
"Was it because I didn't offer enough bargaining chips?"
Chen Dong smiled calmly, "How about $30 million for a 20% stake in Pixar Animation Studios?"
These words were spoken.
Not only was Jobs shocked, but even his assistant Pixar was taken aback.
The $30 million investment for only 20% of the equity effectively increased Pixar Animation Studios' valuation to $150 million.
Steve Jobs acquired Pixar Animation Studios for only $10 million.
It's only taken a few years?
Pixar Animation Studios' valuation was increased to $150 million, a 15-fold increase.
certainly!
Chen Dong wouldn't do a deal that loses money.
Although the price offered now exceeds the expectations of Jobs and his team, the actual value of Pixar Animation Studios is far more than that.
Two years later, in 1995, Pixar Animation Studios went public on NASDAQ in the United States.
When that time comes, the stock price will skyrocket, and the investment will be recovered very quickly.
In addition, if Chen Dong remembers correctly, Pixar Animation Studios was eventually fully acquired by Disney for $7.4 billion.
With 20% of the shares, costing only $30 million, even if the price were increased tenfold, Chen Dong would still make a profit.
“Okay, fine, Chen, if you really want to acquire a 20% stake in Pixar Animation Studios for $30 million, I agree.”
Jobs smiled; with this money coming into the company, many of his previous ideas could be realized.
Perhaps, they might even win an award in the next animation competition.
"Then it's a deal."
It's a deal.
Jobs and Chen Dong shook hands and reached an agreement on the equity of Pixar Animation Studios, but when it came to joining Chen Dong's mobile phone empire, things stalled.
“Chen, although I agree to your acquisition of Pixar Animation Studios shares, you also know the difference between $30 million and $10 billion.”
“It’s not that I don’t trust you, but such a large investment is far from recouping its costs. Besides, if the funding runs out, all the work we’ve done so far will be for nothing.”
This is what Jobs was really worried about.
He wasn't worried that Chen Dong lacked funds; if he wanted to develop a smartphone, he would need to start from the underlying hardware infrastructure.
It's not that the $10 billion funding needs to be in place immediately. Just like the development of industrial parks, it's divided into phase one, phase two, and phase three.
Jobs was worried that Chen Dong hadn't seen any results, and that these projects were like bottomless pits, so he might withdraw his investment eventually.
At this point, it's not a big deal that Chen Dong withdrew his investment, but all the effort Jobs put into this project would be wasted.
Nobody wants this to happen.
But nobody's money comes from thin air. He said that on purpose just to make Chen Dong back down.
But things changed so quickly that Jobs was caught off guard.
How could this happen? Those damned Chinese!
Chen Dong slowly shook his head: "Mr. Jobs, how about we make a bet? Give me one day. If I can prove that I have the financial strength to come up with 10 billion US dollars for smartphone research and development, and guarantee to continue to provide funding for the smartphone project until the results are achieved, you will work for me for ten years."
“During this period, I will not interfere with any of your decisions. Ten years from now, if you are still willing to stay in the company, I will give you 2% of the equity as a reward.”
"......"
What great courage!
If what Chen Dong said is true, Jobs would not only receive his salary for the past ten years, but more importantly, he would also receive 2% of the equity.
Based on an investment of 10 billion US dollars, a 2% equity stake would be 200 million US dollars.
hiss......
Annie looked at Chen Dong in surprise.
While shocked, I was also impressed, thinking that only this man in front of me could have such courage.
Steve Jobs' eyes were slightly red.
Putting aside whether Chen Dong could actually come up with the money, the trust he showed was enough to make him feel incredibly good towards him.
Apart from Chen Dong, who was reborn, probably no one in this world would have placed such great trust in Jobs.
Perhaps the word "trust" is no longer appropriate; "determination" would be a more fitting term.
"Chen, do you really think I can do it?"
Jobs did not rush to agree, but instead asked in return with a serious expression.
"Yes, Mr. Jobs, as I said from the beginning, I want you to create something great with me."
"Years from now, you will definitely not regret the decision you made today."
"Let me think about it, let me think about it."
As he spoke, Jobs returned the check to Anne and then addressed Chen Dong.
"What you've said is very appealing to me, but as you know, Chen, this is a life-altering decision for me. Please give me one night to think it over."
"Take this check back first. Since I have already agreed to sell you 20% of Pixar Animation Studios, I will definitely keep my word."
"Regarding the equity transfer, please bring your lawyer to my office tomorrow to discuss it. It will be safer for both of us, won't it?"
Jobs's words were very apt. In his view, Chen Dong was thoughtful, impulsive, and had a clear sense of purpose, much like himself when he was young.
But Chen Dong had a completely different feeling after hearing these words.
He could sense that Jobs had guessed his intentions, but simply hadn't revealed them.
Instead, they stood in his shoes and thought about things from his perspective, which made Chen Dong feel ashamed.
His motives were certainly not pure.
But then again, it was precisely because of Jobs' excellence that Chen Dong went to such lengths to bring him under his wing.
If it were just some random passerby, not just Chen Dong, but probably anyone would have given it a disdain.
"Thank you for reminding me. I will be in your office on time tomorrow."
"Then, see you tomorrow."
"See you tomorrow!"
......
The group returned to the hotel.
Anne asked in confusion, "Boss, what exactly were you and Mr. Jobs talking about earlier? I didn't understand."
"Oh!"
Chen Dong reached out and ruffled Annie's hair, laughing, "Steve Jobs was a wise man; he saw right through my thoughts."
"Won't that affect your plans?"
"Won't!"
Chen Dong nodded firmly and murmured.
“But that’s fine too, Anne. Go and contact Lawyer Daniel and have him come to Emeryville tonight. I want to see him as soon as I wake up tomorrow morning.”
"Okay, boss!"
at the same time.
Hong Kong.
The phone rang in Li Xiaoman's bedroom.
......
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