Although Chen Yiran repeatedly told herself to stay calm, she still took Hannah and headed back the next day.

We didn't rest along the way, nor did we visit any tourist attractions. We set off at 8 a.m. and arrived at Hannah's house around 4 p.m., amidst a flurry of fireworks and lightning.

After seeing Chen Yiran, Pidan started chattering incessantly. This was the first time he had been separated from Chen Yiran for so long, and it took him twenty minutes to calm down. Hannah's mother, who was watching from the side, found it amusing and kept filming with her camera. She then asked, "How was it? The tickets I got for you guys worked well, right?"

Hannah went over and kissed her mother, saying happily, "Great! We're so close to the pandas. This zoo is really nice, but you can't really enjoy it without a VIP membership. I think the normal queue is over an hour long."

"As long as you're happy, why didn't you stay there a couple more days? There's a lot of fun to do there."

Hannah said with a hint of dissatisfaction, "It's all because of him. It seems like he has some business to attend to, and he doesn't want to stay even for a day."

Chen Yiran gave a few perfunctory replies, then took his leave with the preserved egg in his arms.

Pidan got excited again in the car, and went almost crazy after they got home, running around the house. Chen Yiran quickly threw him out into the yard and let him run wild.

Then, Chen Yiran was conflicted. He first checked the server and all the security measures, and found nothing wrong. Then he picked up his phone and started to agonize over it. He shouldn't call or text TED, but he was really anxious.

He silently told himself, "I can't give the IRS an excuse, I can't give the IRS an excuse," and Chen Yiran turned on the TV and started watching random programs.

Let's wait another day. TED seems to come over every afternoon at 3 pm. Let's talk about it tomorrow.

The next day, a little after 3 p.m., TED's car indeed appeared on the camera. Chen Yiran, who had been waiting at the door for half a day, quickly opened the door and welcomed the person in.

"I saw you contacted me the day before yesterday and the day before. Is there a result yet?"

TED laughed and said, "Of course there's a result. There are still procedures to go through, but it's basically finalized. This is too fast. Our law firm hasn't made any money yet, so this isn't just about coming in to clock in every day. This all costs money, and you'll get a receipt at the end."

Chen Yiran was helpless. Yesterday, he saw TED eating in a video while sitting in his car at the entrance! So he was on paid leave to rest.

"Fine, fine, you heartless lawyer. Hurry up and tell me, how much is the final price?"

"Microsoft offered $200 million, and Oracle probably won't follow suit. I asked Peter, and he said it's because Ellison isn't buying anymore; they'd be losing out at that price. Or to be honest, the $150 million might just be a way to annoy Microsoft, a forced move to push their bid higher."

Chen Yiran exclaimed sincerely, "What a kind person! If I have the chance in the future, I will definitely repay Oracle."

"Hmm, that's interesting. He doesn't have a good reputation in Silicon Valley, but he did help you."

"What about Google? Has there been absolutely no follow-up?"

"No, Google is also quite anxious, but they won't offer a price. They just keep asking us for the patent holder's contact information. David Chen has called several times, saying he wants to arrange for their technical team to meet with the patent holder in person. Just ignore them. That's how Google operates; they want to lure you in and then bring you and the patent into Google."

"Google isn't a good company."

"It's just the company style. They've always believed that technical skills can be developed independently and value people who write code more. If you're willing to join Google, their salary might not be worse than Microsoft's, and there's a lot to discuss. If you don't go, they won't even be willing to spend a little money."

Not Invented Here: This is what serious NIH syndrome looks like. Actually, Microsoft and Apple initially had this symptom, but as the companies grew, they gradually changed their approach. Google will likely follow suit, but not yet.

Chen Yiran clenched his hands and said, "It's alright. Two hundred million US dollars? That price is far beyond my expectations. What's the next step? The transfer agreement we signed last time, with First Bite LLC as the transferee, is already completed, right? Now we just need to sign the agreement to transfer it to Microsoft, right?"

Ted opened his briefcase and took out the documents.

"Let's go through the process. Legally, this acquisition is called an asset purchase. It's not that Microsoft is buying your company, but that Microsoft is buying the assets within your company, such as patents, source code, and trademarks. The First Bite shell still exists; after the sale, it's just an empty shell. Microsoft requires a 'sign first, close later' transaction, meaning they sign a contract first to lock in the price."

This is also beneficial to us, as it's for tax reasons. Therefore, the first step for both parties is to sign an asset purchase agreement. This agreement will clearly list what Microsoft is buying—all patents, patent applications, source code, trademarks, domain names, and documents, item by item. Stuart will review each item to ensure nothing is omitted and that no extras are provided.

"Give me more?"

"For example, technical support. Microsoft might ask you to provide a three- to six-month technical transition period to help them take over the code. You can't agree to that. There are also tax issues, as mentioned before. In short, whoever asks for this, we have to reject it all and make sure that there's absolutely nothing related to it in the contract, so you have no responsibility for anything afterward."

The second step, after signing the agreement, involves a due diligence period of approximately two to three weeks. Microsoft's lawyers and engineers will review everything: the validity of patents, whether the source code infringes on any rights, whether open-source components are used, and whether there are any third-party disputes.

Stuart had already checked it for us beforehand, and there were no issues. The front-end parser does use an open-source library under the MIT license, but the MIT license allows for both commercial use and closed-source implementation, so it won't affect the transaction.

The third step, after due diligence is successful, is closing. Microsoft transfers $200 million to First Bite's account, and we sign an Assignment Agreement, formally transferring all patents and intellectual property rights to Microsoft. This step requires registration with the USPTO (United States Patent and Trademark Office) to update the patent owner. Stuart will handle this.

"How long does it take from signing to closing?"

"If everything goes smoothly, it will take four to six weeks. Microsoft certainly won't delay; no one dares to slack off on things that Ballmer personally approved. You don't need to worry about any of that. Just sign a few documents yourself when it's time to close the deal. It's best if you don't even meet with anyone from Microsoft. All signings will be done through the Fenwick & West office; Microsoft will also sign remotely."

"Not even a face-to-face meeting?"

"No need. That's what full agency means. From day one, Microsoft only knew that Fenwick & West represented the seller, not who the seller was. Of course, they could find First Bite and your name, but legally, all communication went through us. Of course, once the money was in the account, there weren't any problems."

"You said before that the IRS wasn't that powerful, but you're being quite cautious. It seems the IRS isn't weak at all."

"Despise the enemy strategically, but take the enemy seriously tactically."

Chen Yiran was filled with respect. "You even know this quote? TED's Chinese culture is truly impressive."

"Alright, on the final closing day, the two hundred million dollars will be wired to First Bite's East West Bank account. As for how to transfer it to your personal account, our firm's accountant will guide you; it should just involve signing a few profit-sharing documents. California taxes are prepaid quarterly, and they'll calculate that directly and contact the bank to deduct it. After that, you can withdraw the remaining money. This shell company won't be needed anymore."

"Okay, the process is very smooth. I'll probably be starting my own business and setting up a company later, and I'll need your help then."

"It's no trouble at all, what's troublesome about charging fees? We've already started preparing your materials, and on the first day after you sign with Microsoft, you can submit your green card application. As for your work permit, it will be processed within a week, making it easier for you to start your own company as soon as possible."

"Okay, that's settled then. I'll wait for your good news at home. In the future, if you need anything, just come find me in the afternoon."

After saying goodbye to TED, Chen Yiran first ran around in the yard for a while, raising her arms and shouting.

"Wow, Jasmine is amazing!"

I used your brain as a model; we're the ones who are more powerful.

"You have high emotional intelligence, that's true, I'm using my brain model, I naturally have high emotional intelligence. Now we can think about what to do next."

We still have a lot to do, and we don't have enough money.

"I know technology is expensive, but with you as the key, the cost will be lower, right? 2 million US dollars is quite a lot."

It depends on what kind of preparations we make. Based on your obsessive-compulsive disorder regarding cleanliness, we'll need to prepare quite a bit.

"How did I become a germaphobe?"

So, do we have to go back to China? If not, then we don't need to prepare so much money.

"No, we should go back to China. My father said our family benefited from the reforms, and we can't forget our roots."

Look at you, look at you! And you even have paranoia, so we need the money even more.

"How did I develop paranoia?"

How about we go back to China now?

"No, no, Grandpa, what if I show up?"

"Look at this, look at this! That's why we need a lot of money. According to the videos you saw on Bilibili in your past life, investing in a chip factory starts at a billion US dollars."

"Alright, just give me the conclusion. What do you think our next step should be?"

Based on my recent learning, I believe we should delve deeper into the advantages of the DeepFlow framework and try to enter the chip EDA software industry as soon as possible.

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