Start with hooves

Chapter 735 Current Situation
Yahoo has been suspended from trading on Nasdaq for more than a month, and the atmosphere has been brewing to this point.

There are only two choices before Yahoo's board of directors.

The first was to agree to Suri's premium acquisition plan. Everyone was happy and was directly privatized and delisted.

The second is to interrupt acquisition negotiations and resume trading. Although there is no one-day price limit in the United States, once the expectations of investors are disappointed, Yahoo's board of directors will know in minutes what a big drop is.

According to Wall Street traders' expectations, a 10% drop within a week would be considered a face-saving measure by investors.

After all, Yahoo has missed two acquisition invitations to cash out at high prices in recent years. In the eyes of many investors who have suffered heavy losses, it can be regarded as a model of mud that cannot support the wall. No one can predict whether it will make the same mistake again.

It is generally believed in the market that the reason why Suri acquired Yahoo was mainly to use it to support projects such as BuyMe, Tweet, and Netflix Entertainment. It also involved layout in the Chinese Internet market and an attempt to enter the mainland search engine market.

As for the idea of ​​buying Alibaba Group at the bottom, it is not generally accepted by the market. The main reason is that the market of Chinese concept stocks is sluggish, and the valuation of Alibaba Group is already very high, and there is no room for appreciation and profit in the eyes of others.

Take a few hours flight to Silicon Valley.

Suri felt relaxed at the thought of not having to face the camera anymore.

If he wants to film "Exes 3" again, he hopes to wait until two years before starting filming. He probably won't have any interest in being an actor in a short time.

As soon as they arrived at the hotel by car, Secretary Amanda received a message from Goldman Sachs Group. It was said that according to their statistics, it had received enough votes in favor and the acquisition of Yahoo was basically no problem.

While Secretary Amanda was helping Suri pack her luggage, she asked, "Now that you have won enough voting rights, do you still want to invite Jerry Yang, the founder of Yahoo, to have a meal together?"

"Forget it. That guy openly opposes my acquisition of Yahoo. It's easy to get scolded when you see him in person."

Suri took out a cigar from the century-old cigar box and trimmed it carefully. He sat on the sofa in the suite with a lazy attitude and continued:

"Come here, I'm going to meet Mark Zuckerberg. He discovered the secret financing of the 'Tweet Picture' social software. He called me a few days ago and said he wanted to acquire this photo sharing social platform. . As long as Xiao Zha is still the CEO, my shares in Facebook are relatively safe and I still have a little room for profit, so I can’t stalemate my relationship with him.”

"Yes, it seems that the only super-rich person in Silicon Valley who is truly your friend is Zuckerberg."

After hearing what Secretary Amanda said, Suri thought about it for a moment and felt that she and Mark Zuckerberg could only be considered half-friends at best.

The small circle that the other party truly integrates into is not on your own side.

It has been almost three months since I left Silicon Valley for filming, and a lot of things happened during this period.

For example, Apple's profits have declined for three consecutive quarters. The iPhone 9 was just released in mid-September, and sales exceeded 5 million units in 24 hours.

Suri is both an Apple shareholder and sees Apple as a competitor. He has to admit that the workmanship of the iPhone 5 is fine enough and its performance has been greatly improved compared to the previous generation. No wonder it is such a hit.

Although the "godfather of technology" Steve Jobs has passed away, he left an astonishing legacy to Apple. However, due to poor performance, several executives who worked under Jobs have been kicked out of Apple's board of directors. After being eliminated, he was immediately recruited by Suri.

He not only hired Apple executives, but also cashed out more than $41 billion from Apple this year. Therefore, he is also considered by the outside world to be Apple's "main force." The Netflix entertainment stocks that were cashed out during the same period were only worth more than million US dollars, and most of these funds flowed to other projects.

Apple's performance is poor, but Samsung's development momentum is very strong.

In the first eight months of this year, Samsung shipped approximately 8 million mobile phones, surpassing Apple to rank first in the world in terms of market share and profit margin, occupying approximately 4030% of the smartphone market share.

On the other hand, Suri.

The mobile phone companies he founded in the United States, China, and India respectively have total sales exceeding 1300 million. The biggest limitation is insufficient production capacity.

While this has pushed up the stock price of Netflix Entertainment, Trident, a mid- to low-end mobile phone brand founded in India, is still facing tailor-made antitrust lawsuits.

The other party is determined to cause trouble for Su Rui, so how can he let go easily? It is estimated that this lawsuit will take several years to come to a conclusion.

Fortunately, although it faces antitrust lawsuits, it does not delay the normal expansion of several Indian projects. The Tata Group is indeed very powerful in India, and Ambani, the richest man, is not a vegetarian.

Suri entrusted help from Washington, using India's steel dumping tariffs as a bargaining chip to force some people to work on projects such as the Trident mobile phone, leaving a little breathing space and barely fighting for a chance to "fairly compete" with the third brother oligarch.

The third brother hoped that he could invest in setting up a local factory to assemble mobile phones. Su Rui was worried that the bacterial flora on the mobile phone would exceed the standard, so he refused to agree.

I finally got in the mood to slowly sort out the recent negotiation records with Yahoo’s board of directors.

It can be learned from the documents that due to allowing the Alibaba Group to repurchase part of its equity at the beginning of the year, Yahoo still has approximately US$44 billion in cash on its books, and its net profit in the third quarter exceeded US$30 billion, most of which came from the arrival of money from the Alibaba Group. account.

Some of them were originally preparing for external acquisitions and repurchases of stocks. Due to Suri's sudden acquisition, many plans of Yahoo's board of directors were disrupted. This made a group of start-up company shareholders who were already negotiating with Yahoo about selling, as anxious as hot. Ants on the pot.

CEO Marissa Mayer may feel that Yahoo's problems can be solved through acquisitions, but Suri is prepared to terminate the acquisition plan completely in advance.

He plans to use the cash on Yahoo's books to open up the Chinese search engine market and develop new projects such as AI, cloud storage and cloud computing.

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The day I arrived in Silicon Valley.

Suri also went to the old arena to watch a friendly match between the Warriors and the Knicks. This year's regular season won't start until the end of October. Holding a friendly match does not violate league regulations and allows players to find their condition in advance. .

He and his dad each own an NBA Western Conference team. Last year, the Warriors ranked second in the Western Conference and advanced to the playoff finals, eventually finishing in third place.

Last year's "Fortune Team" also successfully entered the playoffs and did not embarrass Su's father.

According to Shark O'Neal, this year's Warriors are more mature and have an increasingly complete lineup, and are very likely to reach the finals again.

Originally, Suri was looking forward to adding value to the team, but now he just wants to have fun. Since buying the Warriors, at least he can understand basketball games.
(End of this chapter)