Start with hooves

It is easy to become addicted to investing in stocks.

When a business reaches Suri's scale, the ultimate experience is more exciting than going to Las Vegas.

As soon as he discovered that there was room for speculation in Yahoo, with potential profits of tens of billions of dollars, he immediately jumped in, mobilizing various resources and collecting relevant information in a low-key manner.

From the list of Yahoo's shareholders and executives to the company's financial reports in recent years, plus countless open and secret information, all came into Su Rui's hands. There were so many documents that it gave him a headache, but he enjoyed it.

The evening after meeting with Yahoo’s new CEO, Ms. Marissa Mayer.

Suri was looking through detailed information about Yahoo's board members when Amanda knocked on the door and entered the hotel room, reporting:

"Several real estate developers and real estate agents came today. I know you don't want to see them for the time being, so I just asked them to leave their information."

"It seems like you're really holding yourself back. It's rare to see you do something so seriously."

"If Yahoo is acquired by you, the land and office buildings it holds will also be transferred to you, so there is no need to purchase additional land."

At this moment.

Suri was sitting cross-legged on the floor, with the coffee table in front of him piled with documents.

He reached out and pinched his eyebrows, took a sip of coffee, spit it into the trash can, and then said:

"Iced coffee tastes good, hot coffee tastes good too, only lukewarm coffee makes me feel like I'm drinking Chinese medicine."

"You're right. I'm really frustrated. Do you know how difficult it is to find a good project with the current situation? Whatever you do will affect the interests of others. These enemies are not easy to deal with."

"Yahoo is different. Yahoo has been listed for more than ten years, and no one cares about it anymore. It has become an existence that grandma does not love and uncles do not love. In the past two years, several major shareholders have successively reduced their holdings, and it has almost become a junk asset with no appreciation potential. "

"Some retail investors may think that the new CEO Marissa Mayer can bring some innovation to it, but the smart people on Wall Street have long realized that Yahoo's core business is over, so the stock price has risen several times in recent times, and it will soon fall again. As major shareholders reduced their holdings and sold off, they were brought back to their original shape.”

Even if Suri releases the news that he is trying to acquire Yahoo, it will probably be difficult to cause any disturbance in Silicon Valley. Only competitors such as Google and Microsoft will pay a little attention.

This is undoubtedly a good thing for him, as he has the opportunity to let go and do something big.

The past few months of self-cultivation on Lanai Island only allowed him to begin to accept the status quo of his new life, rather than completely losing interest in this kind of business game.

So as soon as the feasibility of acquiring Yahoo was confirmed, Suri immediately took action and enjoyed the long-lost fun.

Like almost everyone else, Secretary Amanda is not very optimistic about the development prospects of Yahoo’s core business. At this moment, she reminded:

"Judging from Yahoo's move to allow Alibaba to repurchase shares at the beginning of the year, its management may also sell Alibaba shares to you separately. If you want to obtain this part of Alibaba's shares, why not choose to buy it directly?"

Su Rui shook her head decisively and reminded:

"Alibaba Group has long wanted to repurchase its shares, but Yahoo's board of directors has never nodded in agreement. At the beginning of the year, it was because the capital chain was about to break and there were serious disagreements within Yahoo that it accepted the sky-high price repurchase plan."

"If I go to negotiate with Yahoo's board of directors now, they will definitely open their mouths, or they will choose to hold on to Alibaba shares because of my interest. After all, Yahoo's cash flow crisis has been resolved."

"I don't want to take that risk, so it's better to let the outside world think that this time it is my family office that is going to break it up and get a profit from it." The risk of acquiring Yahoo, an established public company, is not high, but it is still possible. It's better to keep a low profile.

This is one of Suri's few pleasures besides flirting with girls in recent times, so he plans to personally take charge of the acquisition of Yahoo and take the opportunity to continue to transfer assets to China and Japan.

Speaking of Yahoo Japan's equity, Suri believes that after holding it for a period of time, there is an opportunity to sell it to SoftBank Group or other Japanese companies, which will drastically reduce the financial pressure for acquisitions.

of course.

Before the deal was actually implemented, Suri didn't want to leak any news, so he didn't ask whether any potential buyers were really interested, whether it was Google, Microsoft, SoftBank, or Facebook.

The benefits of having deep pockets were immediately highlighted. In fact, after the acquisition is completed, regardless of whether Yahoo's assets can be divided and sold, it will have no impact on Suri's main business, and there is no need to pay special attention at all.

Most investors have no other choice, and Suri can afford the risk of multiple failures.

Moreover, Yahoo's total market value has dropped to only about 178 billion US dollars, and there is not much room for further decline. As long as the Alibaba Group continues to exert its efforts, it may take off at any time.

Because in business, Suri never failed.

After Secretary Amanda asked him, she did not continue to advise him, so as not to affect Suri's decision-making.

The separate acquisition of Alibaba shares is a "Plan B" after the overall acquisition fails. Suri does not want to consider it for the time being. The reason is that if Yahoo is truly split, layoffs and reorganization, and repackaging and selling the core business of Yahoo and the equity of Yahoo Japan , it can indeed help him earn a fortune.

As for the separate acquisition of Alibaba shares, a reference price has been given for the repurchase transaction at the beginning of the year, which can be completed at a cost of approximately US$75 billion.

Su Rui thinks that maybe by then we can think of ways to reduce the friction between Dongjing Mall, Pinxixi and Alibaba Group, and jointly make mobile payment, Internet finance, express delivery stations and other projects bigger and stronger, and try to avoid unnecessary internal friction.

Wait until then.

His family also holds a large amount of equity in Penguin, Alibaba, and Dongjing, and its influence is self-evident. Supporting projects such as Hungry Crazy Takeout and Bibi Taxi will become increasingly smooth.

By the time I finished browsing all the collected information, the sky was gradually getting dark.

Suri basically knows all the information about Yahoo's projects. He feels that Yahoo's decline is only part of the reason why it failed in decision-making and missed the limelight. The more important reason is that this old Internet company has too serious internal friction.

In the early years, Google tried to sell itself to Yahoo at a low price, but Yahoo rejected it.

In the early years, Yahoo had the opportunity to acquire Facebook, but in the end it never actually followed through.

Just in 2008, Microsoft even proposed an acquisition plan worth a total of US$446 billion, but it was ultimately rejected by Yahoo's board of directors. In just one year afterwards, Yahoo's stock price fell from US$29 to around US$9. It has only recently begun to pick up.

After understanding how Yahoo killed him, Suri only came to the conclusion that "this company's board of directors has a grudge against money." During this period, he encountered many wonderful opportunities to come back to life, but they all missed them.

If it hadn't been for a coincidence that year, when I got 40% of Alibaba's original shares, the stock price would have probably dropped back to ten digits.

Many investors who currently hold Yahoo stocks choose to be optimistic about Alibaba’s development prospects because they are optimistic about Alibaba’s upcoming listing on the Nasdaq stock exchange (End of Chapter)