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第386章 张帆的关注点
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第386章 张帆的关注点

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    第386章张帆的关注点(第1/2页)
    面对沈南鹏的质疑,企鹅公司总裁刘炽平不慌不忙地接过了话头,他的语气同样专业而冷静:
    “沈总,您说的固然有道理。但咱们都是做投资出身的,都明白一个道理。”
    “一级市场未上市公司的估值,尤其是高成长性企业的估值,本身存在一定的市场预期和泡沫成分。”
    他拿起一份数据,有针对性地反驳道:
    “根据我们详细的尽职调查,人人网自创立以来,累计融资金额并未超过20亿人民币。”
    “在短短约一年的时间内,企鹅愿意以80亿的估值进行收购,这意味着早期投资者的回报已经非常丰厚。”
    “对于红杉这样的顶级投资机构而言,在当前的市场环境下,一年左右获得数倍的投资回报,难道还不是一个令人满意的成绩吗?”
    刘炽平的反驳同样有理有据,直接将争论的焦点从“战略溢价”拉回到了“投资成本与回报”这个更基础的商业逻辑上。
    谈判刚一开场,双方就在最核心的估值基准问题上展开了激烈的交锋,会场内的气氛瞬间变得紧张起来。
    “满足?”
    沈南鹏听到刘炽平这番带着几分得了便宜还卖乖意味的话,不由得发出一声轻哼,语气中带着明显的不悦和强硬。
    “刘总,您这话说的,怕不是在开玩笑吧?”
    他身体微微前倾,目光锐利地扫过企鹅方众人,声音提高了几分:
    “人人网现在是国内实名制社交网站领域无可争议的绝对龙头,它的平台价值、用户价值和品牌价值,你们企鹅公司难道会不清楚?”
    “现在开出这么一个80亿人民币的报价,与其说是诚意,不如说更像是一种侮辱性报价。”
    “难道贵公司是觉得我们没有其他选择,或者并不真心想促成这次交易吗?”
    沈南鹏的愤怒是有理由的。
    他之前已经明确提示过人人网上轮融资的估值基准,而企鹅方在战略性收购的背景下,不仅没有给出溢价,反而开出低于基准的价格,这在他看来既不符合商业惯例,也缺乏尊重。
    眼见沈南鹏反应激烈,气氛有些僵持,小马哥知道己方试探性的低价策略已经达到了目的,也摸到了对方的底线。
    他适时地出面,脸上带着缓和的笑容,开始扮演白脸的角色。
    “沈总,您先别激动。”
    小马哥语气平和地打断道。
    “企鹅对于收购人人网,是抱有极大诚意的。我们充分认可人人网在社交领域的领导地位和巨大价值。”
    他略作停顿,抛出了新的方案:
    “这样吧,我们尊重上一轮融资的估值基准。企鹅公司愿意以100亿人民币的整体估值进行收购。”
    他具体说明了支付方式:“收购对价拟定为25亿人民币的现金,加上价值75亿人民币的等值企鹅公司股票。您看这个方案如何?”
    小马哥的这个新报价一出,会议室内的气氛顿时为之一变。
    (本章未完,请点击下一页继续阅读)第386章张帆的关注点(第2/2页)
    人人网这边的投资方代表们,包括沈南鹏和熊晓鸽等人,开始低声交换意见。
    平心而论,以100亿的估值退出,对于他们这些早期投资者来说,回报率已经相当可观。
    刘炽平刚才的话虽然不中听,但确实点出了一个现实。
    未上市公司的估值存在泡沫和不确定性,下一次融资能否维持或超越这个估值仍是未知数。
    能够通过并购,以企鹅公司这种高流动性、蓝筹股的股票作为对价实现退出,无疑是一个风险极低、收益锁定的优质方案。
    因此,部分投资人脸上已经露出了倾向于接受的表情。
    然而,就在众人以为价格谈判即将尘埃落定时,一个声音打破了短暂的平静。
    开口的是从会议开始就几乎保持沉默的人人网CEO张帆。
    张帆的目光复杂地望向小马哥,眼神中交织着不甘、无奈和一丝不易察觉的落寞。
    他缓缓开口道:“马总,刘总,关于估值和交易对价,我相信股东们会做出专业的判断。”
    “但是,作为人人网的创始人和管理者,我有一个问题,或者说一个条件……”
    他深吸一口气,语气变得坚定:
    “如果交易最终达成,人人网品牌和团队的独立性如何保障?现有员工的安置和发展空间是怎样的?”
    “我们倾注心血打造的产品和社区文化,能否在企鹅的体系内得到延续和尊重?”
    张帆的这番话,将谈判从纯粹的数字博弈,拉回到了对企业未来、对团队和用户责任的层面。
    这显然不是一个可以轻易用“诚意”二字简单回答的问题,也预示着这场收购谈判,除了金钱之外,还有更复杂的情感和战略因素需要考量。
    会议室内的气氛再次变得安静,所有人的目光都聚焦在小马哥身上。
    大家心里都清楚,面对张帆提出的关于公司未来、团队和品牌的核心关切,只有作为企鹅公司最高决策者的小马哥,才有资格和能力给出权威且可信的承诺。
    小马哥感受到了众人注视的目光,他并没有急于回答,而是略微沉思了片刻,组织好语言后,才用诚恳而郑重的语气看向张帆说道:“
    张总,您提出的这些顾虑,我非常理解,这关乎到一家公司的传承和许多人的未来。”
    “在来此之前,我们内部也确实对收购成功后的人人网整合问题,进行过初步的探讨。”
    他条理清晰地阐述道:
    “首先,关于团队稳定性的问题。企鹅公司可以在此承诺,在收购完成后的至少六个月内,不会对人人网的现有团队进行任何非绩效原因的裁员。我们会有一个平稳的过渡期,来评估和融合。”
    “其次,关于您个人的安排。”
    小马哥的目光直视张帆,语气真诚。
    “我们诚挚地邀请您,在交易完成后能够加入企鹅公司,继续全面负责人人网业务板块的运营和管理。我们相信,没有人比您更了解人人网。”
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