Rebirth of the Strongest Tycoon

Chapter 761 50 million

At noon that day, Robert Swanson came to Genentech and found Professor Herb Boyle in the laboratory who studies sleeplessness.

Robert Swanson said apologetically, then smiled and knocked on the door, awakening Professor Herb Boyle.

"Robert, are you here?"

Professor Herb Boyle stopped what he was doing, looked back, took off his mask and said with a smile.

With that said, put the test tube into the test tube rack and move it into the fume hood.

"Professor Herb Boyle, aren't you taking a nap?" Robert Swanson asked with concern.

Professor Herb Boyle said with a smile: "You know, I'm used to it. For me, it's more important to sleep without experimenting."

"Okay! Your scientific research spirit is something I have always respected, and I salute you!"

After saying this, Robert Swanson fell into silence, pursed his lips and couldn't speak.

After all, Professor Herb Boyle is a person with a superior IQ. He immediately noticed the strangeness of Robert Swanson. He thought about it and asked, "Robert, what's the matter with you? Is there anything you need to tell me? Do you need it? Need to go back to the office to talk?"

Robert Swanson nodded slightly, pursed his lips, dared not look into Professor Herb Boyle's eyes, and said slowly, "Let's go back to the office and talk."

"Okay, wait a moment!"

After speaking, Professor Herb Boyle sorted out the experimental equipment, took off his gloves, took off his white coat and hat, hung up, and walked to the office.

After sitting down, Professor Herb Boyle looked Robert Swanson in the eyes and asked straight to the point: "Robert, tell me, what's the trouble with you? We are friends, if you need my help, I will Do your best."

Professor Herb Boyle's remarks made Robert Swanson feel even more self-blame, but he had already discussed with Harry Morrison and others in the morning, and he had no way to turn back.

So he bite the bullet and said apologetically, "Professor Herb Boyle, I'm sorry, we did something wrong to you?"

Professor Herb Boyle frowned and asked calmly, "What's going on? Is there something wrong with the listing process?"

Robert Swanson hesitated for a moment, then nodded and said, "It can also be said that, it is like this, a company called Polaris Capital approached us this morning and wanted to acquire all the shares of Genentech held by our company. "

Speaking of which, Robert Swanson looked at Professor Herb Boyle guiltily.

The latter calmed down again after his mood fluctuated, and continued to ask with a blank face, "Then what? I want to know how you decided later."

Robert Swanson thought for a while and continued: "I was strongly against it at first, but you know, I'm just a senior partner, I have the right to make suggestions, but the decision is not mine, Northstar Capital's bid is very high, so the company I want to cash out early."

"But Professor Herb Boyle, you can rest assured that Polaris Capital is much stronger than us, and we can sign an agreement with him to let them continue to support you."

Professor Herb Boyle nodded understandingly and said, "Robert, I know you can't help yourself. I understand you, and I also understand your company's choice."

"But please also consider my feelings. I don't care if it goes on the market or not. I just want to be able to study smoothly, produce my research results, and bring hope of life to patients all over the world. Can raise more funds, so I let the company apply for listing, and your exit may affect this purpose."

"I only have one request. I hope that no matter what, I will ensure that my research and production have sufficient funds to continue."

Robert Swanson nodded understandingly: "Professor Herb Boyle, I have always been aware of your thoughts, you can rest assured that North Star Capital will come again this afternoon, and I will mention your request to them and write it into the agreement. inside."

Professor Herb Boyle's expression softened,

Said: "Then I have no problem, just tell me the price later, I have to know how much my company is worth."

"Of course!" replied Robert Swanson hastily.

"By the way, if Polaris Capital agrees to your request, please inform them, I want to meet them." Professor Herb Boyle added after thinking.

"no problem!"

"That's it, I'll go back to do the experiment first. That data is very critical. It's been bothering me for five days. I have an intuition. I can solve it in two days!"

"Okay, then I won't bother you! I wish you all the best!"

...

Half an hour after going to work in the afternoon, Xia Yu arrived at Claire Perkins on time, and met Harry Morrison and the three at the same place.

Xia Yu glanced quickly, took the expressions of the three people into his eyes, and immediately understood the situation.

It must have been a success!

But there is still an uphill battle to keep the price down as much as possible.

To avoid the news from time to time, it will affect the work of the other two acquisition teams and increase the difficulty of acquisition.

Fortunately, Xia Yu had taken this into consideration before, so he decided to launch an acquisition at the same time to catch them off guard.

"Mr Morrison, how are you thinking?"

Xia Yu looked directly at the three and asked with a smile.

Harry Morrison's eyes were like knives, his whole person seemed to be full of aggression, and he said in a deep voice: "We have already considered that the equity can be sold to you, but only if you give a suitable price, the price offered in the morning is serious Not in line with Genentech's values!"

Xia Yu smiled lightly and asked, "Then how much do you think is appropriate?"

Xia Yu will ask this question, they have already estimated this morning, so Harry Morrison immediately said: "I think seventy million US dollars can meet its value!"

Seventy million dollars, twice what Xia Yu offered in the morning!

Good guy, Harry Morrison and others are also lions! For the sake of profit, capitalists can be as thick-skinned as a city wall!

The offer was already paid back, Xia Yu glared his eyes and said with an exaggerated expression: "Mr. Morrison, you must know that Genentech's total assets are only more than two million US dollars, and the profit is even more negative. It is too outrageous to estimate the value of it at 280 million US dollars. The valuation is a hundred times worse than the assets. Throughout the existence of capital, I have never seen such an exaggeration, even in the semiconductor industry, which is highly sought after today. , there is not such a big difference!"

It is not yet the Internet era. Although the pharmaceutical industry is a high-tech industry, it is also a traditional industry. There is no such thing as a difference between valuation and assets by more than 100 times!

That is to say, in the Internet era of later generations, there is excess capital, and high-quality unicorn companies are scarce relative to capital, so their prices have been raised again and again.

But now, the venture capital industry has just emerged for 20 years, and has not experienced the madness of the Internet age. Traditional capital will not accept this situation!

Although Harry Morrison was a little embarrassed, he was calm on the surface, Xia Yu didn't make a counteroffer, of course he had to stick to his bottom line, gritted his teeth and said, "No, I think the price of 70 million US dollars is very suitable, Genentech company Unlike ordinary companies, everyone has confidence in it, as long as the technology patent is put into production, it will expand like a balloon."

Having said that, Harry Morrison is more than the process of inflating a balloon with his hand.

Xia Yu shook his head and retorted: "Mr. Morrison, we really want to buy, and I hope you are sincere. Genentech's value is up to 150 million US dollars! I think even when it goes public, it will be at most this price. !"

The valuation of 1.5 billion US dollars, which means that the equity they hold is worth 37.5 million US dollars. Xia Yu increased the price by 2.5 million US dollars in one breath. The pace of retreat is quite large!

The bargaining officially began, and Harry Morrison also took a step back and said very embarrassingly: "Well, we are not unreasonable, let's take a step back, sixty-seven million dollars!"

Xia Yu arrogantly retorted: "Mr Morrison, this price is very unrealistic..."

...

At the beginning, it was Xia Yu and Harry Morrison who played against each other. People from the latter two parties participated, and the negotiations became more and more intense, and saliva splashed.

In this process, both sides are constantly testing and conceding.

In the end, Harry Morrison killed 50 million dollars, letting Xia Yu and others try their best, but he would not let go.

Xia Yu realized that this price was their bottom line, and Genentech's valuation of $200 million was also within his acceptable range.

Therefore, Xia Yu relented and agreed to the price.

With a reluctant expression on his face, Xia Yu sighed and said, "Okay, Mr. Morrison, you win!"

Harry Morrison smiled and shook hands with Xia Yu: "Mr. Xia, according to you, it's a win-win situation, isn't it?"

Now that the cooperation has been reached, it is normal to say something nice, Xia Yu shook his head and smiled and said, "Maybe, the price is too high, but fortunately it is me, if it were someone else, I would never dare to be the master! You guys! Your eloquence is awesome!"

"Ha ha……"

After that, the two sides sat down again, and Harry Morrison once again made a request that surprised Xia Yu: "Mr. Xia, we have already negotiated the price, but we have another request, which is the pre-order set by Professor Herb Boyle. Under the conditions, after you take over our equity, no matter whether you continue to support the company's listing, you must guarantee Professor Herb Boyle's scientific research funds, and ensure that the company has sufficient funds for experiments and the production of researched and developed drugs."

This request was exactly in Xia Yu's mind, and he fully agreed: "Of course there is no problem, the development of the company is our fundamental purpose, and Professor Herb Boyle's research funding is absolutely guaranteed!"

Harry Morrison nodded and smiled: "That's no problem, by the way, Professor Herb Boyle asked us to convey a word on your behalf, and hope to meet you."

"when?"

"The time is up to you, but hopefully as soon as possible!"

"No problem. After signing the agreement today, we will go to see him tomorrow. This is the least respect!"

"..."

After the negotiation, the two parties began to sign an agreement, which was very efficient.

Xia Yu had already prepared everything, completed the agreement on the same day, arrived at the nearby Bank of America, and transferred 50 million US dollars on the spot to the account of the Coller Perkins Company.

At this point, 25% of Genentech's equity has been acquired!

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