Top of the Great Era
Chapter 2094 Yahoo's strategic value
Chapter 2094 Yahoo's strategic value
Zhou Buqi met with several investors of the San Francisco Giants again and had a pleasant conversation. This was the last formal meeting between the two parties before reaching an agreement.
Buy 10% of the Giants for $65 billion.
Fast and efficient, the deal went very smoothly.
Next, there are three more steps, and the transaction is concluded.
One, we have to wait for the results of the due diligence of financial institutions and legal institutions to see if there are hidden bad debts on the Giants, some illegal and criminal behaviors, and so on.
There is no problem in this regard.
Second, San Francisco local approval is required. After all, the San Francisco Giants are not an ordinary company with a local cultural nature.
Be wary of foreign capital intrusion.
It's not a big problem in this regard, it's just a formality.
The third is to pass the approval of the National Baseball League to ensure that the introduction of new shareholders will not destroy the healthy development of the baseball league and will not affect the interests of other baseball teams.
That's even better.
It can even be said that the baseball league is very open to Zhou Buqi's investment.
The baseball league is a very powerful business league.
Take the San Francisco Giants for example, this time the deal was completed with Zhou Buqi at a price of 15 billion U.S. dollars.But in fact, the valuation of the Giants club is only 12 billion US dollars.
The other $3 million is the assets of Major League Baseball.
The baseball league has 30 teams. It is a sports business organization organized by 30 baseball teams. All the assets of this organization are equally shared by the 30 teams.
In other words, the current asset valuation of the Major League Baseball is 90 billion U.S. dollars, which is 3 million U.S. dollars when divided equally among each team.
The assets of the San Francisco Giants are valued at $12 billion, plus their share of the $3 million in baseball assets, for a total of $15 billion.
In this mode, the baseball league is not only an organization that operates baseball events, but a company that promotes the development of baseball events in a diversified way. It owns TV stations, streaming media companies, data analysis companies, baseball magazines, baseball websites, baseball game studio and more.
From this, it can be seen how dirty the people in power in European football are.
Sitting on football, the world's largest sports IP, but major institutions, leagues, and organizations lack the brains to turn football IP into profits, and they are all trying to suck blood from the team.
The most typical is UEFA.
Not to mention not creating any wealth by himself, he is still trying to find ways to reap benefits from his teams.If there is a risk, the risk is borne by the team; if it makes money, UEFA gets the right to distribute the cake, eat its own food first, and distribute the rest to other teams.
The Premier League is better, but not much better. It cannot create wealth by itself.
Of course, this is a good thing for Zhou Buqi.
The football-based Ziweixing digital media he launched is based on the rigid status quo of European football, supplementing the industrial structure at the digital level of football.
In the field of football, what "European Football + Ziweixing Digital Media" is doing is equivalent to what the Major League Baseball is doing in the field of baseball.Even less, because Ziweixing Digital Media currently does not have a live streaming service for football.
As early as seven or eight years ago, the baseball league launched a digital project and attracted investors to give money. It is the famous sports live broadcast platform BAMTech, which is the world's first sports live broadcast platform.The baseball league spent nothing on the project, and the live sports company is now valued at more than $15 billion.
Spread out over 30 baseball teams, the league generates $5000 million in wealth for each team.
Ziweixing Digital Media has several executives who were recruited from the baseball league at the beginning, such as Bill Mertens, the current assistant to the chairman and vice president of Ziweixing Digital Media.
Baseball is a niche project, so the board of directors of Major League Baseball has been committed to the promotion of baseball games, and one of the most important directions is digital operation.This is very similar to the business of Ziweixing Digital Media. Ziweixing Digital Media is engaged in the digital operation of football.
The two sides can carry out multi-faceted cooperation in the fields of digital ideas, technology and promotion.
Under this general trend, if Boss Zhou is able to join the circle of Major League Baseball, he will of course be warmly welcomed by the big shots in the industry.
So there is no obstacle to winning the San Francisco Giants.
Pay with one hand and deliver with one hand.
I guess it will be done this month.
very smooth.
However, Yahoo's case is not so smooth.Because he didn't directly participate in it, he still doesn't know many things clearly.
In the evening, Zhou Buqi calculated the time and made a phone call to Boss Ma. He said angrily: "If you run away, I will go right away! When the time comes, don't blame me for cheating." you!"
"Don't! Don't!" Boss Ma was really afraid that this kid was playing tricks behind his back, "I have something urgent, and I will go to the United States to find you tomorrow, so don't move around."
Zhou Buqi didn't quite believe it, "What's urgent? More important than repurchasing Ali's shares? I think you are timid, have you been scared away by my plan?"
Boss Ma smiled and said: "Nothing, I really have to go back to China. The domestic group buying market is full of feathers, and many companies have run away with money, and the impact is very bad. There are opinions from above. I will come back and tell them. What is going on with group buying, and what kind of policy planning should be carried out.”
Zhou Buqi said: "I heard that Yahoo is engaging in a proxy dispute."
"Ah."
Boss Ma was relatively calm.
"Huh?" Zhou Buqi was a little surprised, "You didn't respond?"
Boss Ma said with a smile: "What I want is to get back Ali's shares. It has little to do with who is the next CEO of Yahoo. It is the board of directors of Yahoo that can decide whether Ali can get the shares, not the new CEO. .”
Yahoo's proxy dispute is mainly a dispute between major shareholder hedge fund Thirdpoint and founder Yang Zhiyuan.
The competition is the right to appoint the next CEO candidate.
This is especially critical.
The people appointed by the management must consider the interests of the management and focus on short-term interests; the people appointed by Yang Zhiyuan must consider the long-term development of the company and care about long-term value.
Zhou Buqi said: "You didn't think about my proposal last time?"
"What proposal? Take down Yahoo?" Boss Ma was puzzled, "Yahoo is so rotten, you still want to take over? Are you so courageous? Are you afraid of falling into your hands?"
Zhou Buqi said: "At least you can take back all the 40% shares held by Yahoo."
"I can't afford it." Boss Ma said bluntly, "As long as you can get back 20% of the voting rights, that's enough. I haven't considered anything else. This is the safest and easiest way to achieve it."
Yahoo is an embarrassment right now, with a market cap of $200 billion.
However, the 40% stake in Ali held by Yahoo is now valued at $150 billion.Holding a 35% stake in Yahoo Japan is worth $260 billion based on Yahoo Japan's current market capitalization of $90 billion.
These two stocks alone add up to $240 billion.
But the market capitalization of Yahoo as a whole is $200 billion.
This also means that in the eyes of the capital market, Yahoo itself has negative assets, with a market value of -40 billion US dollars, which will ruin the stocks held by Ali and Yahoo Japan, and combine with the two stocks of 240 billion US dollars. , giving a market cap of $200 billion.
Zhou Buqi said: "Yahoo is in crisis now, and the opportunity is rare!"
Boss Ma said with a smile: "There are so many opportunities to make money, and you still want to grab it? Just get all the benefits you can get. I can tell you some news, the one that Ali repurchased With 20% of the shares, Ali can only raise funds to repurchase 5% of the shares at most, and if you eat the remaining 15%, is it not enough to earn? Do you have to eat all 40%?"
Zhou Buqi told the truth, "Making money is one aspect, and now I am more concerned about strategic value."
"What strategic value?"
"Do you know where Ziweixing's headquarters in overseas markets is?"
"Huh?" Boss Ma frowned, finally understood what the kid meant, and blurted out: "Japan!"
Zhou Buqi said: "To be precise, it is Japan, South Korea, Southeast Asia, and the Asian market. Of course, Japan is the most important one. The economy is large enough, and people with stupid money can make money. But for the Japanese market, Yahoo Japan It is the center of the Internet field.”
If Ziweixing can get the 35% of Yahoo Japan's shares from Yahoo, then Ziweixing will be the second largest shareholder of Yahoo Japan.
In this way, Ziweixing's Japanese business is deeply entrenched.
(End of this chapter)
Zhou Buqi met with several investors of the San Francisco Giants again and had a pleasant conversation. This was the last formal meeting between the two parties before reaching an agreement.
Buy 10% of the Giants for $65 billion.
Fast and efficient, the deal went very smoothly.
Next, there are three more steps, and the transaction is concluded.
One, we have to wait for the results of the due diligence of financial institutions and legal institutions to see if there are hidden bad debts on the Giants, some illegal and criminal behaviors, and so on.
There is no problem in this regard.
Second, San Francisco local approval is required. After all, the San Francisco Giants are not an ordinary company with a local cultural nature.
Be wary of foreign capital intrusion.
It's not a big problem in this regard, it's just a formality.
The third is to pass the approval of the National Baseball League to ensure that the introduction of new shareholders will not destroy the healthy development of the baseball league and will not affect the interests of other baseball teams.
That's even better.
It can even be said that the baseball league is very open to Zhou Buqi's investment.
The baseball league is a very powerful business league.
Take the San Francisco Giants for example, this time the deal was completed with Zhou Buqi at a price of 15 billion U.S. dollars.But in fact, the valuation of the Giants club is only 12 billion US dollars.
The other $3 million is the assets of Major League Baseball.
The baseball league has 30 teams. It is a sports business organization organized by 30 baseball teams. All the assets of this organization are equally shared by the 30 teams.
In other words, the current asset valuation of the Major League Baseball is 90 billion U.S. dollars, which is 3 million U.S. dollars when divided equally among each team.
The assets of the San Francisco Giants are valued at $12 billion, plus their share of the $3 million in baseball assets, for a total of $15 billion.
In this mode, the baseball league is not only an organization that operates baseball events, but a company that promotes the development of baseball events in a diversified way. It owns TV stations, streaming media companies, data analysis companies, baseball magazines, baseball websites, baseball game studio and more.
From this, it can be seen how dirty the people in power in European football are.
Sitting on football, the world's largest sports IP, but major institutions, leagues, and organizations lack the brains to turn football IP into profits, and they are all trying to suck blood from the team.
The most typical is UEFA.
Not to mention not creating any wealth by himself, he is still trying to find ways to reap benefits from his teams.If there is a risk, the risk is borne by the team; if it makes money, UEFA gets the right to distribute the cake, eat its own food first, and distribute the rest to other teams.
The Premier League is better, but not much better. It cannot create wealth by itself.
Of course, this is a good thing for Zhou Buqi.
The football-based Ziweixing digital media he launched is based on the rigid status quo of European football, supplementing the industrial structure at the digital level of football.
In the field of football, what "European Football + Ziweixing Digital Media" is doing is equivalent to what the Major League Baseball is doing in the field of baseball.Even less, because Ziweixing Digital Media currently does not have a live streaming service for football.
As early as seven or eight years ago, the baseball league launched a digital project and attracted investors to give money. It is the famous sports live broadcast platform BAMTech, which is the world's first sports live broadcast platform.The baseball league spent nothing on the project, and the live sports company is now valued at more than $15 billion.
Spread out over 30 baseball teams, the league generates $5000 million in wealth for each team.
Ziweixing Digital Media has several executives who were recruited from the baseball league at the beginning, such as Bill Mertens, the current assistant to the chairman and vice president of Ziweixing Digital Media.
Baseball is a niche project, so the board of directors of Major League Baseball has been committed to the promotion of baseball games, and one of the most important directions is digital operation.This is very similar to the business of Ziweixing Digital Media. Ziweixing Digital Media is engaged in the digital operation of football.
The two sides can carry out multi-faceted cooperation in the fields of digital ideas, technology and promotion.
Under this general trend, if Boss Zhou is able to join the circle of Major League Baseball, he will of course be warmly welcomed by the big shots in the industry.
So there is no obstacle to winning the San Francisco Giants.
Pay with one hand and deliver with one hand.
I guess it will be done this month.
very smooth.
However, Yahoo's case is not so smooth.Because he didn't directly participate in it, he still doesn't know many things clearly.
In the evening, Zhou Buqi calculated the time and made a phone call to Boss Ma. He said angrily: "If you run away, I will go right away! When the time comes, don't blame me for cheating." you!"
"Don't! Don't!" Boss Ma was really afraid that this kid was playing tricks behind his back, "I have something urgent, and I will go to the United States to find you tomorrow, so don't move around."
Zhou Buqi didn't quite believe it, "What's urgent? More important than repurchasing Ali's shares? I think you are timid, have you been scared away by my plan?"
Boss Ma smiled and said: "Nothing, I really have to go back to China. The domestic group buying market is full of feathers, and many companies have run away with money, and the impact is very bad. There are opinions from above. I will come back and tell them. What is going on with group buying, and what kind of policy planning should be carried out.”
Zhou Buqi said: "I heard that Yahoo is engaging in a proxy dispute."
"Ah."
Boss Ma was relatively calm.
"Huh?" Zhou Buqi was a little surprised, "You didn't respond?"
Boss Ma said with a smile: "What I want is to get back Ali's shares. It has little to do with who is the next CEO of Yahoo. It is the board of directors of Yahoo that can decide whether Ali can get the shares, not the new CEO. .”
Yahoo's proxy dispute is mainly a dispute between major shareholder hedge fund Thirdpoint and founder Yang Zhiyuan.
The competition is the right to appoint the next CEO candidate.
This is especially critical.
The people appointed by the management must consider the interests of the management and focus on short-term interests; the people appointed by Yang Zhiyuan must consider the long-term development of the company and care about long-term value.
Zhou Buqi said: "You didn't think about my proposal last time?"
"What proposal? Take down Yahoo?" Boss Ma was puzzled, "Yahoo is so rotten, you still want to take over? Are you so courageous? Are you afraid of falling into your hands?"
Zhou Buqi said: "At least you can take back all the 40% shares held by Yahoo."
"I can't afford it." Boss Ma said bluntly, "As long as you can get back 20% of the voting rights, that's enough. I haven't considered anything else. This is the safest and easiest way to achieve it."
Yahoo is an embarrassment right now, with a market cap of $200 billion.
However, the 40% stake in Ali held by Yahoo is now valued at $150 billion.Holding a 35% stake in Yahoo Japan is worth $260 billion based on Yahoo Japan's current market capitalization of $90 billion.
These two stocks alone add up to $240 billion.
But the market capitalization of Yahoo as a whole is $200 billion.
This also means that in the eyes of the capital market, Yahoo itself has negative assets, with a market value of -40 billion US dollars, which will ruin the stocks held by Ali and Yahoo Japan, and combine with the two stocks of 240 billion US dollars. , giving a market cap of $200 billion.
Zhou Buqi said: "Yahoo is in crisis now, and the opportunity is rare!"
Boss Ma said with a smile: "There are so many opportunities to make money, and you still want to grab it? Just get all the benefits you can get. I can tell you some news, the one that Ali repurchased With 20% of the shares, Ali can only raise funds to repurchase 5% of the shares at most, and if you eat the remaining 15%, is it not enough to earn? Do you have to eat all 40%?"
Zhou Buqi told the truth, "Making money is one aspect, and now I am more concerned about strategic value."
"What strategic value?"
"Do you know where Ziweixing's headquarters in overseas markets is?"
"Huh?" Boss Ma frowned, finally understood what the kid meant, and blurted out: "Japan!"
Zhou Buqi said: "To be precise, it is Japan, South Korea, Southeast Asia, and the Asian market. Of course, Japan is the most important one. The economy is large enough, and people with stupid money can make money. But for the Japanese market, Yahoo Japan It is the center of the Internet field.”
If Ziweixing can get the 35% of Yahoo Japan's shares from Yahoo, then Ziweixing will be the second largest shareholder of Yahoo Japan.
In this way, Ziweixing's Japanese business is deeply entrenched.
(End of this chapter)
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