Top of the Great Era

Chapter 2350 A Fair Price

In fact, Yahoo has been cooperating with Samsung since 2000.

However, at that time, Yahoo Korea cooperated with it, mainly to promote Samsung products in Yahoo Korea's news, search and other businesses, and Yahoo Korea's e-commerce channel to help sell Samsung products.

Back then, the Internet was still a very new thing, and many old guys in Samsung didn't take it seriously. It was the young Lee Jae-yong who promoted and led this matter.

With this relationship, it is more justified to sell Yahoo Korea to Samsung Electronics.

Li Zairong said embarrassingly: "Many people in the company have some misunderstandings about the Internet business. Many people don't want to get too involved."

Zhou Buqi refused to listen to his flickering, and said in a very precise tone: "If there are still misunderstandings, it is too late. The Internet is replacing many industries, such as traditional media. In the past few years, newspapers, magazines, paper The sales of books have dropped significantly. Now the emergence of streaming media platforms will also hit the TV industry."

When it comes to TV, Lee Jae-yong has a great say, "Indeed, the TV industry is very dangerous. Young people prefer tablet computers to TV sets."

Zhou Buqi said with a smile: "Even if you are watching TV, it is not a traditional TV mode anymore. Instead of watching a traditional TV station, you can watch programs on a streaming media platform connected to the Internet through a smart TV."

Li Zairong glanced at him, "Yahoo Korea has a lot of assets, right?"

Zhou Buqi said in a deep voice: "Well, there are mainly four parts. Yahoo Korea's business, Yahoo Korea's technical reserves and intellectual property rights, the cash flow in the account, and the right to use the 'Yahoo' brand in Korea."

"Yahoo..."

Li Zairong's heart skipped a beat.

The most exciting thing is not the technology, but the brand of Yahoo!
What he cared about was national sentiment.

His father was arrested a few years ago, and although he was soon released by the president's amnesty, the social controversy aroused was huge and never came to fruition.

Not only that, but so is he.

A female star committed suicide.

This is not a big deal.

There are many such things.

Just an actor, no one cares.

The key is that this female star is very scheming, she left a suicide note before she died.The suicide note was filled with accusations and contained a long list of dozens of people.

Among them is Lee Jae-yong.

Although pressure was put on by all parties to suppress this matter and the exposure of the content of the suicide note was banned, many gossips have already spread.

Some female celebrities died, but many people who had similar experiences were still alive, and they all talked nonsense in the society, which caused very bad social repercussions.

This gave Li Zairong a headache.

If at this time, the prince of Samsung presided over a big deal, and Samsung Electronics completed the acquisition of the American Internet giant Yahoo... How grand is that?What kind of national pride will it radiate?

As for whether the acquisition is Yahoo or Yahoo Korea, there is no need to make a clear distinction.

Anyway, in South Korea, Samsung Electronics did acquire Yahoo.The self-esteem of the nation is raised, and Li Zairong can rely on this righteousness of family and country feelings to cover up those little laces without concealing the flaws.

Zhou Buqi glanced at him, and said with a smile: "The biggest headache for us in the Internet industry is the Korean and Japanese markets. This is especially true in the Korean market. The local patriotic sentiment here is too strong, and it is difficult for foreign brands to survive. Yahoo! This is the main reason why it didn’t develop in South Korea in [-].”

Lee Jae-yong knew this clearly, "You can't be patriotic. The peninsula is only a temporary truce, not an armistice. All men must serve as soldiers."

Zhou Buqi nodded, "Many foreign Internet giants are not doing well in Japan, but Yahoo is the largest Internet giant in Japan, and it has been going on for more than ten years. The reason why it can do this is because Yahoo Japan is not Yahoo! Its subsidiary only obtained the right to use the Yahoo brand in Japan. Yahoo Japan is a subsidiary of Softbank and is a Japanese local Internet company.”

Li Zairong smiled, "Do you think it is possible for Samsung to recover in business after taking over Yahoo's Korean business?"

Zhou Buqi said seriously: "Why not?"

Li Zairong shook his head again and again.

Zhou Buqi said: "Maybe just like Yahoo Japan, it has become the largest Internet company in the country. Um... By the way, isn't NHN in South Korea also closely related to Samsung?"

Speaking of this, Lee Jae-yong was very annoyed, "Yes, Naver was originally an internal entrepreneurial project of Samsung, made by a few engineers. Later, it merged with a game company and became NHN Group, which was later listed. But Samsung has always been very worried about the Internet business, and has sold all its stocks in the past few years. Especially during the subprime mortgage crisis, they worried that the Internet stocks would become waste paper, and basically emptied them.”

This is not surprising.

Inside Samsung, who can control the Samsung prince?
It must be his father!

However, his father had a cerebral hemorrhage a few years ago, and was later arrested and sentenced.After the amnesty, he has been recuperating in the hospital.Otherwise, as the boss of Zhou, the boss of Samsung must come forward to receive him, not just Li Zairong.

Zhou Buqi laughed and said, "Aren't you in charge of the current Samsung? Smartphones, smart TVs, these are all your masterpieces, and they are all key decisions that can determine the life and death of the business, and they are all related to the Internet."

Li Zairong waved his hands again and again.

very proud.

But it's not good to speak ill of your father behind his back.

Next, Zhou Buqi showed his trump card, "You know, I invested in an Internet company in South Korea called Kakao, which has developed very well in the past few years. If you are not interested in Yahoo, I will operate it to promote Kakao Going to buy Yahoo. I heard that Chung Mong-koo wants to run for president of South Korea, and his family is very interested in this matter."

Li Zairong laughed and said, "It's impossible for him to win the election! He can't even be a candidate!"

The plutocrats are already wealthy.

It is impossible for them to take power and become the president again, and the people will never agree.

"I don't really understand the situation in South Korea." Zhou Buqi smiled, and then his face turned serious, "But Yahoo will definitely withdraw from South Korea, and Yahoo Korea's business will choose to sell. It's just that Yahoo Korea's largest business in the past few years The customer is Samsung, and the management wants to be incorporated into Samsung's system."

Li Zairong gave a "hmm" sound, as if he was in a dilemma, "We have no experience in managing Internet companies."

Zhou Buqi smiled and said: "Let's try it. If it doesn't work, we can promote the merger of Yahoo Korea and NHN."

Li Zairong was silent for a while, "What about the price?"

Zhou Buqi said simply: "I think US$10 billion is a very fair price, and what I need is cash."

"what?"

Li Zaiyong was startled and inexplicably shocked.

Zhou Buqi shrugged, "If the price is not fair, I can't explain to the board of directors. Inside Ziweixing, everyone hopes to sell Yahoo Korea to Kakao to further strengthen Kakao's strength in South Korea. It's just that What I value is a more comprehensive and all-round cooperation with Samsung, not just the Internet."

Li Zairong shook his head, "Then the price is a bit too high!"

Zhou Buqi didn't answer the question, and suddenly changed the subject, "By the way, I heard that Nexon, the largest game company in Korea, has moved to Tokyo?"

Li Zairong's expression was not very good-looking, "This kind of behavior is no different from treason!"

This is indeed a serious matter.

This is different from domestic IT companies such as Ali, Baidu, Shanda, and Giant.

These domestic companies are only nominally headquartered in the Cayman Islands overseas. This is a corporate form formulated for the VIE structure to go overseas.

In fact, the business entities of these companies are all in China, and their tax returns are also in China, which is no different from normal domestic companies.

Nexon is different.

This is to move the main body of the business, from Seoul to Tokyo.

A Korean company became a Japanese company.

After Nexon makes money, the funds will be transferred to Tokyo's account... Tokyo has become Nexon's main taxpayer and GDP contributor.

This game company, which was originally the largest game company in South Korea, started from South Korea, and this kind of operation is really down-to-earth.You know, during World War II, the Japanese army invaded South Korea, burned, killed, and looted, which was no worse than that in China. The relationship between South Korea and Japan has always been tense.

It is not surprising that Kim Jong-woo, the boss of Nexon, would suffer a lot of scolding and endure tremendous pressure from all walks of life in South Korea, so that he suffered from severe depression and later committed suicide.

After Kim Jung-woo died, he had two daughters.

These two daughters didn't dare to fight anything, so they planned to sell the company... This gave the domestic game giant Penguin a chance, and planned to take the opportunity to annex it.

This is all for later.

In the final analysis, why does Kim Jong-woo have to move to Tokyo?The main reason is that they can't stand the power of the local Korean chaebols and want to escape from their clutches.

According to Ren Yuxin, this Li Zairong is the biggest mastermind behind the scenes.

Zhou Buqi sighed, "When I do business, the biggest principle is integrity. The second principle is that harmony brings wealth. Changyou... Changyou, you know, right?"

Li Zairong said with a smile: "Of course I know, this is the world's largest game company, and it's your company."

Zhou Buqi said: "Yes, Changyou has been strengthening cooperation in Japan and South Korea recently, and Nexon is an unavoidable hurdle. Recently, Changyou may try to invest in Nexon and join the board of directors."

"Ok?"

Lee Jae-yong's expression was unnatural.

It seems that what Ren Yuxin said is correct, this Li Zairong has a long history with Nexon!

Zhou Buqi said: "It's better to dissolve enemies than to make enemies. I heard that Nexon's boss Jin Zhengyu has been hospitalized. He seems to be suffering from severe depression. I don't really know what's going on. But if you need it, I will Find an opportunity to go to Tokyo to meet Kim Jung-woo. Maybe we can push Samsung to join Nexon’s board of directors.”

"Really?"

Li Zairong's expression suddenly became serious.

(End of this chapter)