Top of the Great Era

Chapter 2087 Yang Zhiyuan who is cornered

Chapter 2087 Yang Zhiyuan who is cornered
Luck really came.

Early the next morning, Zhou Buqi got the definite good news from Ning Yaxian that Senior Sister Zhenyu was really pregnant, at least she tested positive with a test strip.

Now it's great.

Especially when he heard the congratulations from Sun Guanran, Ning Lu, Gu Zanli, and Yao Yao, Zhou Buqi felt that his whole body was full of a sense of accomplishment, and it felt like a halo lingering over a large business deal.

However, Zhou Buqi is not a selfish person, he sat around the dinner table, smiled and said: "Okay, everyone, don't just congratulate me, let's congratulate Miss Gu Zanli, congratulations on her success last night... successfully Completed the transformation of life, grown up and matured into a big girl!"

"Congratulations!"

"Congratulations!"

Congratulations!

Even Yao Yao said with a smile, "Congratulations, that's awesome!"

Gu Zanli's face was like a big red cloth, but she was not too shy. She stood up and bowed to the two rows of the two dining tables, "Thank you, thank you..."

Ning Yaxian jokingly said to her: "Don't thank us, who should we thank most?"

Gu Zanli was already seated, but when she heard this, she stood up again, bowed to Zhou Buqi, and said with a dazed face, "Thank you boss, I will continue to work hard."

Zhou Buqi waved his hand and said casually: "Don't be so restrained, let's sit down and eat. How is your condition today? Can you go out?"

Gu Zanli pursed her lips, "It's pretty good, it doesn't affect the feeling."

Zhou Buqi nodded lightly, "Then let's go together."

When I go out today, I mainly meet Boss Ma.

Now that everyone is involved, how can we not get a share?

It is almost impossible to buy Yahoo as a whole.Several founders of Yahoo were unwilling to sell their life's hard work at the price of cabbage.

In the previous life, Yahoo was acquired by the US telecommunications giant Verizon for US$2016 billion in 48.3, which once caused a sensation in the industry.

An Internet giant with a peak market value of more than 2000 billion U.S. dollars has finally fallen into such a miserable end.

In fact, it's more of a layman's hype.

That's not what's going on inside.

What Verizon bought was only Yahoo's operating business, including portals, search, email, video, etc., but Yahoo also has several other assets.

For example, the remaining cash flow of more than 45 billion US dollars through cashing out Ali stocks in the account.

For example, at that time, it held 15% of Alibaba's shares and 35% of Yahoo Japan's shares. These are the core assets of Yahoo, and they are not within the scope of sale.

Yahoo just sold the operating business, and the remaining business was packaged into an investment company called "Ali Dad", which took over the mantle of a listed company and continued to operate.

In Yahoo's interest alone, it is right not to sell the company at this stage.

Yahoo's own business is indeed failing, but holding Ali's shares is the most important asset. As long as Ali soars into the sky in a few years, it will be an unimaginably huge fortune.

For Yahoo, the best strategy is to keep Ali's shares; for the acquirer, the best strategy is of course the opposite, which is to find a way to get as many shares of Ali as possible.

From this point of view, it is the best solution for Boss Ma to bypass the private operations of capital giants such as Softbank, Blackstone Group, and Bain Capital.

Zhou Buqi is going to conspire with Boss Ma.

Boss Ma has no money, and neither does Ali. Even if they can borrow some money from international banks, it is very limited.If you want to eat more Ali stocks, you still have to find a private equity giant to take over.

Anyway, it's all about taking over, so it's better to let Zhou Buqi take over.

Letting Zhou Buqi take over the order is also good for Boss Ma, saving a lot of unnecessary trouble.And you can plan together with this kid, instead of fighting alone, you can single out Yahoo, Softbank, Blackstone Group, Bain Capital and other forces.

The two sides still met in the tea room yesterday.

When we met, Boss Ma was slightly taken aback, and found that the female assistant next to this kid had changed.Yesterday's assistant Sun Guanran was as beautiful as a flower, and today's Gu Zanli is even more amazing, with fair and rosy skin, big watery eyes, a tall nose bridge, and a small cherry mouth. At first glance, she looks like a minority in the frontier. nationality.

I couldn't help but slander, and scolded the bastard again.

But Boss Ma has seen this kind of thing a lot, so he didn't say much, sat down to drink tea, and immediately talked about the business, "I met with Yang Zhiyuan last night."

"Oh? How's it going?"

"It's very complicated. There are a total of seven invitations before Yahoo's board of directors. Including the one that Masayoshi Son proposed today, there are eight in total."

"Your plan has been put forward?" Zhou Buqi was a little amused, "How is it? How much is the specific quotation?"

Boss Ma said: "At a premium of 25%, the overall acquisition price is US$20.2 per share, with a total value of more than US$250 billion."

Zhou Buqi shook his head, "It's still too low."

"Actually, it's not low anymore. Yahoo's original stock price was only $13, but it was raised to $15 due to recent hype. Masayoshi Son's offer is $20, a full 25% premium. It is already the highest offer among all the current invitation plans. "

This is actually the biggest advantage of Boss Ma and Masayoshi Son in handling the Yahoo case.

You can know yourself and the enemy, and you can eat both inside and outside.

The quotations made by other agencies to Yahoo should be Yahoo's trade secrets, and such biddings are often not made public.Once the secret is leaked, won't there be a reference standard for the bidder?

But it doesn't work for Masayoshi Son.

Because Masayoshi Son himself is a director of Yahoo.

Therefore, the acquisition consortium composed of Softbank, Ali, Blackstone Group and Bain Capital has far greater advantages than other consortiums, and is the most promising force for success.

It is also where Sun Zhengyi's confidence lies.

Zhou Buqi didn't take it seriously, "The quotation of 250 billion US dollars, compared with Microsoft's quotation three years ago, has shrunk by almost half. This blow is too big, and it is difficult for normal people to accept."

"Times have changed." Boss Ma was very emotional, "For the current Yahoo, this is already a sky-high price."

This is the "thrilling" of being a company.

Seeing him building a tall building, seeing his building collapse.Even ten years ago, Yahoo was still the world's largest Internet company; in the blink of an eye, everything is gone.

If the mentality is not good, it will be difficult to accept the status quo.

Yang Zhiyuan's mentality has obviously been affected.

If there is no foresight, according to the current situation in the capital market and Yahoo's own development potential, selling Yahoo is actually the correct choice to avoid risks.

But the real world is so strange.

Misfortune comes with blessings, and blessings come with misfortunes.

Yang Zhiyuan's mentality was out of balance once, and he was unwilling to sell Yahoo, but it made him make the most correct choice by mistake and kept a part of Ali's shares.These Ali shares have created huge wealth for Yahoo shareholders in the future, not even less than Yahoo's wealth at its peak market value of 2000 billion US dollars.

Zhou Buqi said: "Microsoft's quotation three years ago was a huge rock that weighed on many people's minds. What is Microsoft's attitude now? No quotation?"

"I made a quotation, but Microsoft's strategy has changed." Boss Ma shook his head, "The main reason why Microsoft's quotation was so high three years ago was that Microsoft was focusing on search and launched Bing to compete with Google. Use the traffic from Yahoo’s portal. Now that Bing has been launched for several years, the novelty of the market is gone, and Yahoo’s strategic significance no longer exists.”

Zhou Buqi nodded and said, "Another point is that Yahoo is moving too slowly in the transition to the mobile Internet."

Boss Ma said: "Microsoft has joined forces with Horowitz Fund and Silver Lake Capital to acquire 20% of Yahoo's shares, but the offer is very low, the price per share is only 16.6 US dollars."

Zhou Buqi smiled, "I really wanted you to be sick while you were sick."

Boss Ma took it for granted: "The capital market is ruthless, and Microsoft doesn't want to spend money in vain. They want to influence the board of directors and have a say in the appointment of the next CEO."

"I go!"

Zhou Buqi felt that Microsoft played a bit too hard this time, and it was no different from slapping Yang Zhiyuan in the face.

20% of the shares... In fact, 20%, 50% or 80%, in fact, the number is not important.

What matters is power.

If you have power, even if you only hold 20% of the shares, you can still control 80% of the capital gains through the power of wealth distribution.

If Microsoft gets a say in the appointment of a CEO, it is equivalent to controlling Yahoo.

Power only serves the source of power, and the CEO appointed by Microsoft to operate from it, no matter who the CEO is, he must serve Microsoft.At that time, even if Microsoft only holds 20% of Yahoo's shares, it can be regarded as a subsidiary of Microsoft at the business level.

This shows how dangerous Yahoo's current situation is.

Boss Ma smiled and said: "For Yahoo, if you want to get money, you have to delegate power, or sell it as a whole to solve the burden once and for all. However, in terms of the choice of decentralization, if you only give up the power to Ali Solving the problem is of course better than giving up the power of Yahoo headquarters."

"Say so..."

A bolder and more ambitious idea popped up in Zhou Buqi's mind.

Boss Ma said self-consciously: "Capital is ruthless, but people are affectionate. As long as we express a little kindness and friendship to Yang Zhiyuan, it will be a helping hand."

"Wait..." Zhou Buqi interrupted him, "Does Yang Zhiyuan still have control over Yahoo's board of directors?"

Boss Ma said: "After all, he is the founder and has a great influence. Moreover, most of Yahoo's management is his people. Whether Yahoo sells it or runs it on its own, it must get the support of Yang Zhiyuan."

"Not enough?" Zhou Buqi felt that this reason was not convincing, "Now it's all about the collision of the interests of the needle point against Maimang."

Boss Ma smiled and said, "Yes, Yang Zhiyuan's methods are not bad either, he can handle shareholders."

"How?"

"I had an exchange with him last night, and he said that as long as he promises to pay dividends of 40 billion US dollars to shareholders, he can basically win the support of shareholders."

"I go!"

Zhou Buqi was stunned.

Anything like this?
Sure enough, they are American capitalists, and the means of capital are really one by one!

Generally speaking, Internet companies do not pay dividends. Not only do they not pay dividends, but they also find ways to continue to borrow and raise funds to obtain funds to expand their business.

Many traditional companies pay dividends every year because their business has stagnated.Without a new direction of development, it doesn't make sense to put money in the company's account, so dividends will be paid.

Yang Zhiyuan's operation is really fierce, and he has already played the routine of dividends.

Through dividends, to buy shareholders.

Zhou Buqi narrowed his eyes, and said meaningfully: "Such shameless means can be used, it seems that Yang Zhiyuan is also driven to a dead end..."

(End of this chapter)

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