You call this entrepreneurship?

Chapter 523

The think tank team of JuRen Network soon arrived in the United States. After meeting with Liu Wei, they held a secret internal meeting, focusing on discussing how to take over the 25% of YP Technology shares held by Chen Yuanzong.

After thinking for a long time, Liu Wei raised a question, which is how to resolve the gambling agreement.

Because the gambling agreement is already very unfavorable to Juren Network.

The gambling agreement between Juren Network and YP Technology is divided into two parts. One is about the price and method of Juren Network's acquisition of 50% of YP Technology's shares, and the other part is about Juren Network's stock price.

The first part of the agreement stipulates that Juren Network will acquire 8% of YP Technology's shares for RMB 50 million, with RMB 7 million to be paid in advance and the remaining RMB million to be paid in Juren Network shares of equal value.

However, after charging for "Online Texas Hold'em", YP Technology's annual net profit must not be less than 100 million US dollars.

If the profit is less than 7 million US dollars, JuRen Network will take back the shares worth 25 million US dollars and acquire the remaining % of YP Technology shares held by Chen Yuanzong at a low price.

The second part stipulates that JuRen Network Group must ensure that the stock price does not fall below US$18, which means that the total value of the stocks held by Chen Yuanzong must not fall below RMB 7 million.

Otherwise, JuRen Network will have to make up the shortfall in price and compensate Chen Yuanzong an additional 200 million RMB.

However, the second part of the bet agreement has a prerequisite for its effectiveness, which is that YP Technology’s annual net profit must not be less than US$100 million.

The core of the bet agreement is that as long as YP Technology makes $100 million every year, JuRen Network and Chen Yuanzong will both make huge profits.

However, if YP Technology's annual net profit is less than 7 million US dollars, Chen Yuanzong will not only fail to get the shares worth 25 million RMB, but will also lose the remaining % of the shares and even have to pay a portion of liquidated damages.

When it comes to gambling, there are both benefits and risks.

The reason for signing the gambling agreement is the result of mutual compromise between the two parties, and it is also to protect the interests of both parties when the situation is unclear.

Of course, it can also be said that it is a win-win situation when winning, and one party will not suffer too much loss when losing.

But... things are a little different now.

Now that Google has also joined the game, it is a foregone conclusion that "Online Texas Hold'em" can make money, so the previously signed bet agreement seems to be a huge loss.

After making money from "Online Texas Hold'em", not only will a quarter of the profits be given to Chen Yuanzong, but Juren Network will also give him stocks, and these stocks can pay dividends.

If the stock price fluctuates in the future, Chen Yuanzong will have to pay additional compensation.

Capital is for profit, not for poverty alleviation.

So under the current circumstances, Liu Wei is eager to resolve the big bomb of "betting agreement".

After some research, the think tank quickly came up with a solution, but still left a lot of room for negotiation when signing the bet agreement.

"The bet has a time limit, requiring YP Technology to achieve profitability within three years." An operations director suggested, "If it fails to achieve profitability within three years, then YP Technology will lose. Can we postpone the profitability date and let YP Technology lose on purpose?"

"That won't work. Three years is too long and the company will lose too much money." Liu Wei directly rejected the proposal.

The director said awkwardly: "According to the terms, both parties can terminate the contract on a voluntary basis. Why don't we talk to Chen Yuanzong and ask him to give up voluntarily."

A product manager couldn't help but retort, "Chen Yuanzong is not stupid. Seeing that the company is about to make a lot of money, why would he give up?"

“What if he doesn’t know?” the operations director argued.

"How could I not know..."

"Wait a minute." Liu Wei suddenly interrupted the argument between the two and said thoughtfully, "Chen Yuanzong really doesn't know, because he doesn't understand the situation here. We can create a time difference."

Everyone in the think tank was stunned. Liu Wei suddenly stood up and said, "Let's go back to China now."

……

Liu Wei left some people in the United States, and flew back to China with two or three capable people. After discussing with Shi Yuzhu, Liu Wei determined the follow-up plan.

Liu Wei quickly found Chen Yuanzong and invited him to a private club, where he ordered high-end steak and champagne.

When Chen Yuanzong saw this scene, he immediately became wary. The other party was being too attentive for no reason, so he had to be on guard.

"Mr. Chen, do you know why I invited you to eat steak?" Liu Wei said with a smile.

"I don't know." Chen Yuanzong pretended to be confused and asked, "Is there any good news?"

"Of course it's a good thing." Liu Wei said happily, "This time I went to the United States and met with people from Facebook. They told me a good news. Google is also very interested in our Texas Hold'em and has decided to cooperate. Google will also invest some resources in us."

Chen Yuanzong was stunned, somewhat incredulous, "Is this true?"

"Of course it's true. How can I joke with you?" Liu Wei said with a smile, "If you don't believe me, ask Mr. Qin. He was the one who introduced Google to me."

Chen Yuanzong suddenly became excited. If Google could also join in, it would be great news for "Online Texas Hold'em".

Google is a search engine, so what it lacks the least is traffic. With the support of Google, “online Texas Hold’em will definitely take off!”

Chen Yuanzong suppressed his excitement and nodded, "This is indeed good news."

"After Google joins us, we will be able to become rich and successful." Liu Wei raised his glass, "Come on, let's have a drink. I wish us a happy cooperation and common prosperity."

Chen Yuanzong picked up the wine glass with trembling hands, clinked it with Liu Wei, and then drank it all in one gulp.

The two of them clinked glasses and talked about the bright future together.

After the meeting, the two tipsy people walked out of the private club arm in arm. After Chen Yuanzong sent Liu Wei to the car, he returned to his own car with the help of the driver.

As soon as Chen Yuanzong got in the car, he took a few sips of water, then took out his cell phone and called Qin Shaoyan.

After chatting for a while on the phone, Chen Yuanzong couldn't wait to ask, "Boss Qin, I heard that Google is very interested in our Texas Hold'em? Is this true?"

"Well, that's what the vice president of Google said." Qin Shaoyan pondered for two seconds, "This matter is not a big deal or a small one. After all, Texas Hold'em still has great potential, and Google is not short of traffic."

"But Google is a big company, and they value many projects. You should not have too high expectations."

“Whether Google will provide traffic and how much traffic it will provide is still unclear. Even if it does, it may not necessarily have a positive effect. Risks and opportunities coexist.”

"Just get the project done and Facebook will do the rest for you."

"Okay, I understand, Mr. Qin." Chen Yuanzong breathed a sigh of relief after confirming the news. After hanging up the phone, he couldn't help but feel excited.

It seems that I am lucky. Opportunities to make a fortune come one after another.

A few days later, Chen Yuanzong, still happy, saw Liu Wei again.

But this time, Liu Wei didn't have a smile on his face. Instead, his face was full of solemnity. "Mr. Chen, there is a little trouble now."

Chen Yuanzong was startled and stood up from his chair. "What trouble?"

Liu Wei sighed, "It's from Google."

"Google, what's wrong with Google?" Chen Yuanzong asked anxiously.

"Google said our Texas Hold'em project is great, but they have different opinions on the operational direction." Liu Wei sighed, "They prefer to make it a long-term free game to attract more users?"

"What? Free?!" Chen Yuanzong was stunned when he heard the news, and his whole body felt cold.

If you make it free, how can I make money?
(End of this chapter)