The Millennium Semiconductor Survival Guide.

Chapter 116 Crazy Times, Crazy Times

"Deal of the century, Time Warner bought 740% of Newman's Quora shares for $90 billion.

Breaking news in Silicon Valley just now, Time Warner Chairman Gerald Levin and Quora founder Newman Zhou held a press conference in Palo Alto, California. At the press conference, the two signed an agreement. Time Warner will pay $740 billion Acquisition of 90% of Quora shares.

After the deal is completed, Quora will be merged into Time Warner as a whole.

Gerald Levin said the deal would make Time Warner a media empire spanning the old and the new.

He said: Time Warner is the largest media group in the world and the best media group in American and even the world, while Quora is the best Internet content provider in the world.Time Warner has the highest quality channels, Quora has the highest quality content, and the combination of the two will create an empire.

Newman said: He is very happy to see this deal happen, he is confident that Time Warner will lead Quora from one peak to another peak.

At the same time, Newman said: I have brought all I can to Quora to Quora, my inspiration, my creativity, and all my passions have been contributed to Quora.When I realized I had no better ideas for the Trivia community, I knew it was time to hand it over to a better team.Yes, Time Warner is the better team, and they have more experience than me to lead the future development of Quora.

After the transaction is completed, Newman will surpass Buffett and become the second richest man in the world. Time Warner will suspend trading for one day from tomorrow, and the Nasdaq committee will review the acquisition. "

The only thought on the minds of nearly everyone who saw the deal was that Time Warner was crazy.

Other Internet giants or traditional media giants in Silicon Valley are willing to value Quora between 250 billion and 400 billion US dollars, which is a relatively recognized valuation.

Time Warner's sudden attack is equivalent to a direct premium of 100%, valuing Quora at more than 800 billion US dollars, while Zhou Xin can get about 740 billion US dollars.

The question of how much Time Warner's valuation will skyrocket if the deal is announced is a question that's been asked in almost every corner of media old and new.

And what kind of power the Internet has to drive Time Warner so crazy.

In fact, the logic behind it is very simple. Due to the arrival of Zhou Xin, the bubble in Nasdaq was blown faster than before.

To maintain the bubble or even inflate it even bigger, there needs to be iconic events to stimulate all investors and make them realize that the stocks they hold are valuable.

The $1470 billion acquisition of Time Warner by AOL, which was originally far less famous in time and space than Time Warner, is the symbolic event of this time.

For an investment bank like Goldman Sachs, he needs a landmark event to attract everyone's attention and continue to promote the entire bubble.

During the bubble process, he can gradually clear some companies that have been blown too high in his hands.

More importantly, Quora itself has good cash flow, high-quality users, and its own unique business model that other companies cannot replicate.

The overall superposition has led to Quora being the best Internet company in Silicon Valley at present. Even from the perspective of traditional investment, Quora will be considered to have investment value.

So even after the bubble bursts, Quora will definitely be the first company to recover.

Under the accumulation of various factors, it was Goldman Sachs who dominated this time, which can be called the speed of lightning.

This is also Zhou Xin's reluctance to accept equity replacement, as long as cash, if Zhou Xin accepts equity replacement, Gao Shengkai's price can be even higher.

The other 740 billion is not a one-off payment. Time Warner currently has 24 billion in liquidity on its books. They will give 20 billion first, and the remaining 720 billion will be paid after the fundraising is completed.

In other words, the entire transaction will not be fully completed until the end of 1999.

Without Quora, AOL acquired Time Warner, Time Warner, including CNN, HBO, Warner, Time Warner Online and other media, is also dominated by capital behind it all.

Time Warner later acquired AOL for $1640 billion, and finally split AOL in 2009, and then sold it to Verizon for $2015 billion in 44.

These are crazy times, and this deal is the madness of the times.

After the news was sent back to Huaguo, Huaguo's official media questioned it first, and then believed it.

In a sense, the whole thing was beyond the imagination of Huaguo. With his own efforts, a Huaguo person rose from a poor student to the second richest man in the world within a year.

At that time, Huaguo had not yet joined the WTO, and the total annual trade and export volume was 2068 billion US dollars. At that time, the balance of foreign exchange reserves was 2026.7 billion US dollars, and 740 billion US dollars was one-third of these two figures.

"I am a native of Hua, and this will not change. Don't worry, I will return to Hua at the end of this year.

Recently, because I suddenly have so much cash, I may have higher requirements for my personal safety.Cash and business equity valuations are still not the same.

This point needs to trouble the country, and the country can give me some suggestions on which security company can provide better security means. "

The first thing Zhou Xin did after reaching the agreement was to go to Huaguo's consulate in San Francisco to seek help.

To be honest, he was not able to judge which security company was reliable in American in 1999 if he was asked to find a security company by himself.

It's better to let Huaguo recommend it.

As for the second generation of Hua Guo who might be jealous of the money, they would never have the chance to touch it.

Zhou Xin has never changed his nationality, but Huaguo is very satisfied with getting a green card.

And now many people go abroad with national scholarships. The first thing after going abroad is to think about breaking the contract and then stay abroad.

Zhou Xin went abroad with a scholarship from Berkeley, and American persuaded him to immigrate, but he did not move.

The comparison, including Zhou Xin's promise at the San Francisco consulate, made Hua Guo very satisfied with his statement.

At least at this time domestic public opinion, so-called we have geniuses, why let the geniuses lose, when Zhou Xin returns to China, the public opinion will reverse.

For Zhou Xin's request, Huaguo naturally agreed quickly.

Zhou Xin is Huaguo's best business card in Silicon Valley and American, and the best example of Huaguo's internal promotion of national self-esteem:

Hua people are no worse than people of any other country. We just fell behind due to various historical problems in the process of modernization. This is caused by the times, not because of Hua people.

After the news came back to China, Wu Shiqiang slapped himself severely, and then called his colleagues in San Francisco to confirm the incident.

"It's true, the whole of Silicon Valley has spread, these days, the New York Times, the Wall Street Journal, small red herring magazines, and all the traditional media are talking about Time Warner and Quora's deal of the century.

Yes, this deal was called the deal of the century by their media. "

Halfway through 1999, and the 21st century is about to come, this deal is considered the deal of the century by more and more media and people not only because of the huge amount, but also because of the ingenious timing.

"Yeah, Time Warner is crazy, and Time Warner's stock is crazy, up 70% today after the Quora acquisition was announced.

And it looks like Time Warner's valuation will rise. "

The association that Hu Zhengming was contacting originally had doubts about the three big cows he contacted. This doubt was not about Hu Zhengming and Zhou Xin, but about whether it was necessary for them to establish an association as scientists in science and engineering.

After the transaction of the century, such doubts disappeared without a trace. With Zhou Xin's backing, it is still necessary to form an association.

At the same time, Hu Zhengming also explained to them that because Zhou Xin has been busy negotiating with Goldman Sachs, dealing with audits, and accepting inquiries from Nasdaq, he has no time at all.

It is necessary to wait until the contract is signed for this transaction before it comes to an end. Qiu Chengtong and others expressed their understanding.

The first thing Zhou Xin did was to ask the Chinese Consulate for security personnel, which is an external force.

And the first thing he can do is to take good care of his lower body. In American, there are too many cases of having sex and then getting pregnant, and forcing living expenses.

This kind of case is common in the NBA, but it does not mean that there are no other fields.

Such a high net worth, still so young, unmarried, is simply the perfect prey.Not to mention marrying Zhou Xin, even if it is a long-term meal ticket.

If you are pregnant, you will ask for child support, if you are not pregnant, you will frame the other party as a prostitute, and force the other party to pay the settlement fee.

Zhou Xin had seen similar Chinese people being tortured to death by this method in Silicon Valley before. You must know that the Chinese people have made small gains in starting a business.

After the transaction was completed and Zhou Xin had done all he could do, he felt a sense of emptiness. The money came so easily.

He knows that around the millennium is the time when the Nasdaq bubble was blown the most, but only those who have experienced it know how exaggerated the bubble is.

Any Internet company can go public, and going public is a valuation of hundreds of millions, billions, or even tens of billions.

For a company with annual revenue of less than [-] million, this is revenue rather than profit, and the market value can exceed [-] billion.

CDC, established in May and listed on Nasdaq in September, raised close to US$5 million in just four months.

There are countless similar things, but when things happen to Zhou Xin himself, he feels magical.

740 billion, even if you have to pay taxes, it will be more than 400 billion US dollars after paying taxes, which is directly double Zhou Xin's expectation.

He originally thought that it would be good to have 200 billion yuan. With 200 billion yuan, there will be about 150 billion yuan left after tax deductions. This is Zhou Xin's expectation.

Zhou Xin now wants to withdraw the listing of Riot Games, it doesn't matter anymore.

However, the importance of Riot Games in his mind is limited. It will be listed as soon as it goes public, and there may be some big players who are willing to take over.

After receiving far more money than expected, Zhou Xin knew that he would overturn all his original plans.

Many things can be advanced.

At the same time, financing sold 10% of NewPay shares to Goldman Sachs and Morgan. Zhou Xin repurchased the 10% of the shares in order not to startle the enemy.

　One chapter will be released first, and it may not be available at night. I will go out of town at night, so I can only say that I will try my best to add another chapter.

　　Hardworking Crow has updated at least [-] words every day since it was put on the shelves!

　　
　
(End of this chapter)