Rebirth of the internet boss

Chapter 416 A Board Seat
Google deliberately convened this board meeting, not to discuss whether to continue to acquire YouTube, but to discuss how to quickly and effectively take YouTube down, because the acquisition of YouTube itself is a plan made by Google!

In this regard, on the board of directors, Google CEO Eric Schmidt set the tone for the "acquisition of YouTube" as soon as he came up, and he emphasized again: "Our purpose at Google is to integrate global information, and Now the Internet has begun to transition from web1.0 to web2.0, from simple text to pictures, videos...,
As the largest video site in the world, YouTube is the target we must take down. The acquisition of YouTube itself is the next important strategy for Google. This is not only an opportunity for Google to expand advertising revenue, but also an opportunity for us to enter the content industry. Lost! "

After Schmidt finished speaking, all the shareholders also nodded. This is in line with Google's strategy. Video itself is information, and it is also the information with the most information (in terms of information volume, video>picture>text).

Moreover, in addition to the recognition of the strategy itself by all shareholders, Eric Schmidt, the CEO of Google, also recognized it very much. It was also when he and the two co-founders Larry Page and Sergey Brin Under the leadership of the Troika, Google has achieved the current results!

A super giant company with a market value of 1290 billion US dollars, if Microsoft is regarded as a software company, then Google is the world's largest Internet company, and its market value is twice that of the No. (Fengrui's market value is about 2-100 billion US dollars)!

After Schmidt emphasized the importance of the acquisition of YouTube, he raised the existing problems, "The biggest problem in previous acquisitions was money! Fengrui requested that this acquisition must be paid for with Google shares of the same value. Transaction, at that time our Google took the initiative, so I declined;
With the current popularity of the ice bucket challenge, everything is reversed. Now Fengrui is taking the initiative. In the past, 16.5 billion US dollars could be negotiated, but now I guess there is no 20 billion US dollars. Feng also shouted a sky-high price of 30 billion US dollars! "

"30 billion U.S. dollars?! This is impossible!" A director refused on the spot after hearing this. Although the Google family has a big business, it can't spoil the money like this.

"He, Li Feng, is asking too much. $30 billion is impossible now, but more than $20 billion is still possible, and with this ice bucket challenge, $30 billion is not impossible.

In the end, it's hard to say what the price is, and I have indeed heard that Microsoft, Yahoo, Viacom and News Corporation are all interested in YouTube! "Schmidt explained unhurriedly.

"30 billion US dollars is a bit too much. If we invest this money in our Google Video (Google Video), does our video website still have a chance?" Another director suggested.

"You may not know that the first-mover advantage is too important in the Internet world. Originally, YouTube has a 46% share of the Internet video market, MySpace has 23%, our Google has 11%, and other websites add up to 20%. It seems that We Google still have a chance to come,
But with this ice bucket challenge, YouTube has 60% share, MySpace has 18%, our Google has 7%, and other websites have 15%. Our Google has no chance, or is completely out. said Schmidt.

"Then it seems that we can only buy YouTube, but the price is a bit too high. The US$16.5 billion is already the biggest acquisition since the establishment of Google!"

"There is no way to do this. Whether a product is worth it is not for outsiders to decide, but for the buyer, that is to say, it is us Google, one is willing to fight and the other is willing to suffer!
Now YouTube has 5000 million users, 3500 million users in the US market alone, and 1 million daily video views, and YouTube has advantages that Google Video and other video service providers do not have.

This advantage is not the video itself, but the community gathered by the video service, and the monthly growth rate of YouTube users is 20%, and with this ice bucket challenge, it is estimated that this number will increase a lot. said Schmidt, "gently and lightly."

Schmidt is such a person, he is always unhurried, and always speaks in a gentle manner. He is like a refined and easy-going wise man. No matter what happens, he will always be so calm about honor and disgrace.

Schmidt suddenly thought of something, and continued: "In fact, don't panic, everyone. Although YouTube is very popular now, it also has many problems, such as the copyright of videos on it, and its profit model. At least it is not yet profitable, and Its current profit still relies on a little advertising from our Google.

To be honest, Google’s acquisition of YouTube is definitely a double-edged sword. It’s a win-win thing. We Google can rely on YouTube’s 5000 million pairs of viewers’ eyeballs and the advertising opportunities behind it, and YouTube can also rely on our Google Strong capital and R & D strength for further development, on this point, we have reached a consensus with YouTube,

It's just that the biggest problem right now is YouTube's largest shareholder, Feng Rui, and to be more precise, it's Li Feng, Feng Rui's big boss!We have been unable to cooperate with YouTube for a long time, and he is behind it! "

"Since the cooperation is beneficial, why did he refuse, and we also agreed to buy it with shares?" A director was puzzled.

"His biggest request is for shares. The key point is that he also wants to ask for a seat on our Google board of directors!" Schmidt said directly.

"What does he want to do on our Google board?"

"Is there such a requirement?"

"..."

After Schmidt finished speaking, there were also discussions.

No matter how many companies there are, there are always enough seats on the board of directors. If Fengrui wants one more seat, it means that others will lose one!
A seat on Google's board of directors is not only a symbol of power, it can also directly or indirectly affect Google's strategy, which is what Li Feng values.

When the discussion was almost over, Schmidt asked: "Okay, time is running out, so let's raise our hands now and vote whether we want to give Fengrui a board seat?"

Everyone was silent for a while, but under Schmidt's gaze, they raised their hands even if they didn't dare to agree or disagree. The board of directors itself indicated the interests of the shareholders, and the acquisition of YouTube itself was in the interests of the shareholders. Can everyone disagree!

Schmidt looked around for a week and found that all shareholders except Larry Page raised their hands in agreement.

Seeing this, Schmidt asked Larry Page: "Page, I know you know Leo from Fengrui. You are interested in Fengrui's investment in our Google by selling YouTube, or what do you think of Leo? Thoughts?"

(End of this chapter)