Chapter 750 - 412: Small Troubles of Five People Living Together, Part 2
"This studio has some RPG development experience and skills. However, its two mobile games, while still operational, are currently losing money and are on the brink of shutting down. So the acquisition price will be fairly low, with the main costs being equipment and personnel. I estimate we can get it for around two to three million."
"Once we acquire it, we can recruit some new talent and get ’Sword and Magic’ project underway!"
Li Peifeng nodded as he watched, "When did you schedule the meeting?"
"At two o’clock, directly at the studio, about ten kilometers from here."
Li Peifeng, while withdrawing his gaze, carefully observed He Yimeng. The ends of her white hair were a little dry and her complexion wasn’t great, clearly showing she hadn’t spared any effort over this matter in the week he was away on vacation. Feeling both pained and touched, he said, "Mengmeng, you’ve worked hard."
"Don’t just give me lip service."
He Yimeng said blandly, "You should think carefully about how much equity to give me to reward my hard work."
Li Peifeng pretended to be generous, "What’s mine is yours. However much you want, I’ll give you. Tell you what, let me put in some effort and give you some love as interest."
"Let go, I don’t need that worthless stuff!!"
The louder the shout, the more it’s needed.
Li Peifeng ignored He Yimeng’s struggles and infused a lot of love energy, then cooked lunch afterward. He Yimeng, her face all flushed, asked calmly while eating, "How was your trip, and how did the proposal go?"
Li Peifeng hesitated for a moment, then finally spoke the truth, "It went well, quite smoothly."
...
"Are you Ms. He?"
"Yes, and this is Mr. Li, my partner."
"Hello, hello."
Perhaps proving the adage that success in love often means failure in business negotiations, their acquisition talks with Menglong Studio didn’t go as smoothly.
Arriving promptly at two in the afternoon, Li Peifeng and He Yimeng met Boss Xu Long, a man in his early forties dressed in jeans and a white shirt.
Guided by Xu Long, they toured the studio. The employees worked as usual, their expressions unchanged, occasionally sneaking glances at the visitors. Although the murmurs were faint, Li Peifeng heard them all.
They also learned that the studio was looking for investment. Seeing the young Li Peifeng and He Yimeng, they were surprised by the age of the potential buyers.
"They don’t look like investors, probably just rich kids wanting to play around."
"The deal won’t happen again."
"Don’t jump to conclusions, they might not be rich kids because that handsome guy looks familiar..."
"You know, that pretty lady looks familiar too!"
While both Li Peifeng and He Yimeng had some recognition, some people recognized them and some didn’t. Xu Long was among those who didn’t. Seeing how young they were, he assumed they were fresh out of college, rich kids looking for something to do, so he tried to convince them to invest in Menglong Studio, albeit not very fluently.
Indeed, from acquisition, it turned into discussion of investment.
Most entrepreneurs, unless pushed to the brink, don’t want to hand over their enterprises easily. Xu Long was no exception. Seeing these seemingly wealthy, inexperienced newcomers, he hoped to lure some money in so he could continue controlling Menglong Studio and develop a new project to revive it...
Li Peifeng and He Yimeng exchanged a glance, reading each other’s thoughts, but they tacitly let Xu Long continue his act, listening as he talked big, boasting about his team’s capabilities and the creativity of his new project.
When Xu Long had talked himself dry and realized something was amiss, He Yimeng finally spoke, with a subtle smile, "Boss Xu, you don’t seem very sincere. I remember we talked about an acquisition on the phone, so why has your tone changed now that we’re here?"
Xu Long’s eyes flickered with embarrassment, and he laughed it off, "It’s an acquisition, I’m willing to sell 40% of the equity, how is that not an acquisition?"
"Perhaps my partner didn’t make it clear before, we’re looking for a full acquisition, not just buying shares."
Li Peifeng introduced himself calmly, "I’m an online literature author, and my purpose for acquiring a gaming company is actually to manage the copyrights of the works..."
Li explained his thoughts concisely, then candidly stated a full acquisition was necessary because if Xu Long continued to be part of the company, it would complicate management afterward. He then turned to He Yimeng and said, "It seems Boss Xu is attached to his company. Let’s head to the second one; there’s no need to waste each other’s time."
There wasn’t really a second studio for them to visit.
In the rush, it was already fortunate that He Yimeng had found a studio on the verge of bankruptcy that had the conditions to develop RPG mobile games. But she understood Li was putting on a performance, so she cooperatively nodded and got up to leave.
"Wait, wait, please sit down. Full acquisition isn’t off the table."
Seeing the negotiation about to collapse, Xu Long sighed and stopped them, beginning the real talks.
But he was adamant about the price being five million, arguing that the studio was strong and the two operating old games still had a small cash flow monthly. With the right promotion and some updates, they could revive for sure, he claimed.
Li Peifeng was quite satisfied with the five million offer, but He Yimeng shook her head repeatedly.
Before coming, she had done her homework, estimating ’Menglong’ Studio’s top valuation at three million, while Xu Long’s offer was a bit over by a slight margin. Thus, this white-haired lady launched a fierce haggling strategy...
NOVGO.NET