God of Corporate Hunting - Chapter 274



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◈ Episode 274 Artificial Intelligence (4)

The three people, including Burzynski, were shocked, and Yoon Se-bin was no different.

The fair value of the Korea Future Research Institute is 10 billion dollars. If you are confident about the future of AI, it can exceed 20 billion dollars. GG Mind did not call it 20 billion dollars for nothing. It is a price that was derived after analysis.

Yoon Se-bin thought that if he was greedy, he could claim more than $20 billion, or even $30 billion. However, this was the limit.

But how about 60 billion dollars?

When GG acquired GG Mind it was worth just $5 billion, while MS’s OAI was worth $10 billion.

Of course, the AI ​​market has become much more mature since then, but the number of related companies has also increased.

Even if we combine the current internal staff of the Korea Future Research Institute, the subsidiary AI Research Center in Austin, and the newly established NGAI Research Institute, the number of researchers is not that large.

The assets of a venture are researchers with technology, so even if you highly value the technology of the Korea Future Research Institute, $60 billion is absurd.

That’s twice the expected maximum.

Yun Se-bin, embarrassed, looked at Nam Woon-myung. He seemed to have a faint confidence.

‘Can’t stop it.’

In any case, we need to stick together as much as possible. This is all probably done under meticulous planning.

Only after a long while did Burzynski shake his head and say:

“You’re being too greedy. No one here would pay that much.”

“Negotiation is still possible. Let’s narrow the gap.”

GG Mind’s representative also expressed a similar opinion.

Nam Yun-myeong answered in a firm voice.

“You seem to think it’s absurd, but it’s not. First of all, you’re not buying a company with money, are you? At best, it’s a stock exchange, and only time will tell who got the bubble.”

“Our company’s stock price is the official market price.”

“Yes. But usually, when an IPO is made, the stock price goes up, right? If the Daehan Mirae Research Institute goes public, we can consult with you at a higher value. We just pulled this out in advance.”

Since Nam Yunming’s explanation made sense, everyone kept their mouths shut.

“Of course, the value of the Korea Future Research Institute may not be that much. Including its growth potential. However, if it embraces the Korea Future Research Institute, the company can immediately take the top position in AI. Isn’t more value given to the leader in the industry? Well! Who will be the best?”

Nam Yun-myeong’s explanation was clear.

The value of the Korea Future Research Institute is the premium added to the value of its partner companies becoming number one in the industry. If so, $60 billion is by no means an overestimation.

“Ugh!”

The three people couldn’t hold back their groans.

Burzynski said as if he had no choice.

“Okay. We can value it at… $30 billion. What would you like to do?”

“Sixty billion dollars!”

“Let’s say $40 billion. Strictly speaking, this is also a lot.”

GG Mind’s representative also revised the proposal.

“Sixty billion dollars!”

Nam Yun-myeong did not back down even a little.

“Ha! I don’t know anything about negotiation…….”

A complaint burst from Burzynski’s mouth.

OAI’s CFO also changed his proposal.

“We will do our best to get to $45 billion.”

“Sixty billion dollars!”

“Ha! This isn’t some kind of auction house…….”

Whether it’s an auction or not, there’s competition.

Such bets can only be made with accurate judgment of the situation.

The three of them watched each other closely as they continued to modify the proposal little by little.

Even if we were to take over the Daehan Mirae Research Institute, we are not sure how much profit it would generate. However, it is clear what kind of disaster would occur if the competitor in front of us took it.

They noticed Nam Yunming’s strategy, but there was nothing they could do about it right away.

“There is no way we can back down from $60 billion.”

After Nam Un-myeong’s declaration, a long silence and sighs filled the room again.

The company currently in the most disadvantaged position is AMZ, because it is the most behind in AI development compared to the other two companies. In order to reverse this ranking, a decisive move is needed, and that move is the Korea Future Research Institute.

If we snatch the Daehan Mirae Research Institute from somewhere else, we will forever be left behind in the AI ​​competition that will unfold in the future.

Up until now, they have continuously engaged in mergers and acquisitions of excellent companies and have grown their companies through these bold moves.

That’s why I was vaguely convinced of how important this opportunity was.

Burzynski said the ecology was shaky.

“Let’s take a 10-minute recess.”

The three companies left the conference room in a group, and Nam Woon-myung and Yoon Se-bin also left the stuffy conference room.

“What will happen?”

There was a smile on Yoon Se-bin’s face.

“Are you sure of victory?”

“I wonder if it’s foolish. It’s something that Director Nam is pushing forward.”

Her expression was filled with the confidence that she trusted him.

Nam Yun-myeong said with a smile.

“Burzynski would have reported to his superiors by now. It would be difficult for AMZWS to decide on that amount. Which means… it’s very likely.”

“Where else?”

“It’s not as desperate as AMZ’s, so they wouldn’t take $60 billion.”

“You expect to sign a contract with AMZ?”

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“Yes.”

Since Nam Un-myeong was almost always wrong in this prediction, Yun Se-bin also accepted it.

“But is there a reason to go to such lengths to exchange stocks? It’s not even cash. Even if we have AMZ stocks right now… It’s true that it will help the Korea Future Research Institute, but it will also lead to AMZ’s interference.”

“That intervention generates revenue. That’s how the company grows. And we can’t ignore the fact that we can use AMZ’s R&D infrastructure. And AMZ stock is essentially cash. We can’t interfere with AMZ’s management with that stake, so we can sell it when we need money. We can buy it back later.”

AMZ is a publicly traded company with a large trading volume, so its stocks are freely traded.

Ten minutes have passed.

* * *

In a conference room where tension still lingered, the first one to speak was GG Mind.

“We value the Daehan Mirae Research Institute at $50 billion. That means, if we invest 50%, we can invest $25 billion. But this is the Maginot Line. Don’t just look at the amount, but look beyond it. GG Mind is a company with the best technology. If you collaborate with us, the Daehan Mirae Research Institute will grow even bigger.”

GG Mind Vice President made a point.

Nam Woon-myung fully understood that sentiment. It was the greatest concession GG Mind could make.

Then I turned my gaze to OAI, but she kept her mouth shut.

AMZ’s Burzynski made a final offer.

“I contacted my superiors and they said they would accept $60 billion. To be exact, it is a proposal to exchange $30 billion worth of AMZ stock for a 50% stake in the Korea Future Research Institute. This is our Maginot Line. However, there must be a clause that states that the Korea Future Research Institute must prioritize R&D related to AMZ.”

AMZ must have been in a hurry, too. Maybe AMZ’s AI, which is currently under development, has discovered a problem that is difficult to solve. AMZWS is currently building and combining generative AI based on enterprise cloud and foundation models, so there are many areas for the Daehan Mirae Research Institute to solve.

I accepted this provision after modifying some of it, as I could predict what kind of demands they would make in the future.

Burzynski accepted the final offer.

Nam Woon-myung smiled broadly and asked the OAI CFO for his opinion.

The OAI CFO shook his head excitedly.

Burzynski stood up, shook hands and said:

“Then let’s move to sign the agreement.”

Nam Woon-myung expressed his gratitude to GG Mind and OAI. He must leave a good impression on them, as they may be together someday.

The Korea Future Research Institute has taken flight.

Korea Asset Management, Mega Asset Management, and Daehan Hydrogen Engineering have secured AMZ stocks worth a whopping $30 billion, which is equivalent to cash. If the consortium runs out of funds in the future, this $30 billion will be a great resource.

If news of this mega deal spreads, the Korea Asset Management consortium will become a private equity fund that attracts global attention.

Although the development staff, including Seo Jun-kyung, have almost no shares in the Daehan Mirae Research Institute, it is natural that Nam Woon-myung will take care of the fruits. The value of the Daehan Mirae Research Institute is maintained because of their existence.

* * *

After dinner, Nam Woon-myeong and his party went their separate ways.

Seo Jun-kyung had an urgent matter, so he took the earliest flight to Korea, and Austin headed home. Austin didn’t want to be away from his son for a long time. It had been a long time since he had been on a business trip alone.

Only Nam Woon-myung and Yoon Se-bin returned to the hotel.

“It ended well.”

“Yes, that’s right.”

Late at night, the two had a celebration party.

On days like this, wine is a must.

The two shared their joy while drinking wine provided by the hotel and taking in the sparkling night view outside the window.

The joy was doubled because the Daehan Mirae Research Institute was a company they had nurtured from the early stages after its spin-off. Also, it was a monumental achievement in terms of investment recovery, as they sold 50% of the stock for more than the original value of the company.

“When I first founded the Korea Future Research Institute, I never dreamed that it would become this successful.”

“Me too.”

“I don’t think so…….”

“How could I know such things when I am not even a believer?”

Nam Yun-myeong passed it over by beating around the bush.

Judging from Yoon Se-bin’s expression, he still doesn’t believe it.

In fact, all he did was confirm the fate of Seo Jun-kyung and Heo Eun-gyu. He saw their future and established the Daehan Mirae Research Institute. He never expected that the future would be connected to AMZ in this way.

The important point is the bright future of Seo Jun-kyung and Heo Eun-gyu. The century-old steps of the Daehan Mirae Research Institute are just beginning. That is why AMZ, which decided to invest today, is not at a loss. It will return even more in the future.

The essence of investing is to benefit both parties in this way.

I drained the wine and filled the glass again. The sight of the crimson wine sloshing in the glass was uplifting.

“You’re drinking quite a lot today, aren’t you?”

Yoon Se-bin, worried about Nam Woon-myung, who was drinking wine more than usual, asked.

“I feel like I’m going in well today.”

“It’s not like Mr. Destiny, but that’s what happens.”

They clinked their glasses again.

Anyway, she’s a woman who drinks better than him, so she should just drink moderately and then go to bed.

“Are you going back to Korea?”

“What about Mr. Destiny?”

“I… have to stop by LA for a bit.”

I have to meet Choi Yong-mook, who is busy with his job as the owner of the Angels. He promised to go watch an Angels game, but he has not kept his promise so far.

“Then I guess I have to go alone. The things I did here with Unmyeon-ssi seem like a dream. Thanks to you, I was able to have a meaningful time.”

“I am indebted to Representative Yoon’s ability and luck.”

“No way.”

Yoon Se-bin, who had been smiling brightly, suddenly asked with a serious expression.

“Mr. Destiny, can I ask you something?”

“Ask anything.”

After hesitating for a while, Yoon Se-bin tilted his wine glass and regained his composure before barely opening his mouth again.

“But why doesn’t Mr. Unmyeong celebrate my birthday? Do you happen to know when my birthday is?”

My heart sank.

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