I have a thousand suites in Shenzhen

Chapter 171 Bargaining
All questions are assumptions, so if you want to figure this out, you still have to find a way to meet Yahoo's new CEO Bartz.

Chen Xuejiao took Yi Anguo to a villa not far from the company. This was the luxurious villa that Chen Xuejiao bought at Yi Anguo's request, and she herself temporarily lived here.

There are no long-term servants in the villa. Only hourly workers are hired to clean it when needed. The privacy is very good.

Chen Xuejiao's personal ability is still very good, and Yi Anguo is very satisfied with this villa.

Although he may not come to the United States once a year, it is still necessary to have a fixed place of residence.

A few days later, Chen Xuejiao successfully made an appointment to meet the new CEO of Yahoo.

"How did you make an appointment to meet Butz?" Yi Anguo asked still a little curious.

"Yahoo's financial situation is not that good now. Bartz has just taken over as Yahoo's CEO, and life is not easy. In addition, the stock price has plummeted, and the market value has shrunk severely, so she urgently needs to make some achievements to help the company. Shareholders look at it and prove her own worth.”

"A big boss of an investment company wants to invest in Yahoo, so what reason does she have to refuse?" Chen Xuejiao said with a smile.

The current market value of Yahoo is less than 150 billion US dollars, which has dropped by almost 50.00% compared with the beginning of this year. Compared with Yahoo's most glorious period, the market value has evaporated by 90.00%.

On February 2 this year, Microsoft announced that it would submit an acquisition offer to Yahoo's board of directors. The Microsoft offer was a 1% premium to Yahoo's closing price of US$19.18 the previous day, which was equivalent to an acquisition of US$62 per share. The acquisition was worth a total of 31 billion in cash and stock. Dollar.

But Yahoo didn't buy it at the time.Yahoo's board of directors said the $446 billion acquisition price "seriously underestimates" Yahoo's actual value. After all, analysts believe Yahoo is worth $560 billion.Eventually Microsoft gave in and raised the price to $33 per share, adding nearly $50 billion to the overall purchase price.

At that time, Yahoo's executives were worried that their personal power would be greatly restricted if it was acquired, so they ultimately rejected the deal and missed out on more than 400 billion from Microsoft, which amounted to almost 500 billion US dollars.

Now, just over half a year has passed, Yahoo's stock price has fallen below ten US dollars, and its market value has dropped to less than US$150 billion.

Most of Yahoo's shares are controlled by Wall Street capital, and it missed out on Microsoft's acquisition of nearly $500 billion. Yahoo's profits fell short of expectations, and all responsibility lies with CEO Jerry Yang.

Under the influence of capital, Jerry Yang, one of the founders of Yahoo, had to leave sadly and resigned from the position of CEO of Yahoo.

After Bartz took over Yahoo, he quickly signed a cooperation agreement with Microsoft. Microsoft will provide search services for Yahoo, and Microsoft will fully acquire Yahoo's search core technology over ten years.

But in any case, Yahoo's market value has shrunk severely. This is an indisputable fact. Microsoft is no longer interested in investing nearly 500 billion US dollars to acquire Yahoo.

At this time, Yahoo urgently needs external investment to boost Yahoo's confidence. At least the Wall Street capital should see that Yahoo still has hope to revive.

At this time, an investment company from the East came to ask for an interview, and Butz naturally would not refuse.

Yi Anguo followed Chen Xuejiao to the office building of Yahoo's headquarters and met Bartz in his office.

Yi Anguo was a little surprised that Butz turned out to be a blond woman. He originally thought that Butz was a man.

The new CEO of Yahoo was still very arrogant regarding the arrival of Yi Anguo.

"Mr. Yi, your Hualong Investment Company has invested in a lot of small companies in Silicon Valley recently, but our Yahoo company is not the small companies you invested in before. If it is only an investment of [-] million U.S. dollars, it doesn't sound good. If so, we at Yahoo really don’t lack an investment of US$[-] million or US$[-] million.”

“If it’s less than a billion dollars, then I’m sorry, it’s just a waste of my time.”

Yi Anguo couldn't help but want to scold his mother. What is the current situation of his company?How far has the market value fallen?Don’t you have any ideas in mind?
Why do you mean we only invest in small companies?Is Facebook small?Their valuation of US$150 billion is comparable to your Yahoo’s market value of US$150 billion, right?It's too small there.

Is Tesla’s valuation of $7.5 million small?More than ten years later, you can't even afford a fraction of others' money.

Although Yi Anguo was very dissatisfied with Butz's arrogance and prejudice, he was now on his territory, and he came with a purpose. A small impatience would ruin a big plan, so Yi Anguo did not get angry. He said calmly.

"Ms. Butts, although our Hualong Investment Company has not been established for a long time, if it is only an investment of [-] or [-] million US dollars, I will not be asked to negotiate in person." Butts nodded with satisfaction and asked: "Then Just fine, I wonder how many billions of dollars Mr. Yi’s Hualong Investment Company is planning to invest in our Yahoo company?”

Yi Anguo thought for a moment, stretched out his hand and said, "Five billion US dollars!"

"Five billion U.S. dollars! That's okay. We, Yahoo!, can sell 50% of our shares to you." Butts nodded and said simply.

Yi Anguo shook his head.

"You should know that at the beginning of the year, Microsoft invested US$500 billion to acquire our company Yahoo, but we Yahoo rejected it. Now you have invested US$50 billion to give you [-]% of the shares. Why don't you still?" Satisfied?" Butts suddenly said a little dissatisfied.

"No, no, no, you misunderstood me. I don't need Yahoo's shares. I want to buy 50% of Taobao's shares from Yahoo for US$40.00 billion." Yi Anguo He smiled and stated his purpose.

"Did Jack Ma from Taobao Company invite you here?" Butts immediately turned down his face and said unhappily.

Yi Anguo didn't know that not long ago, Jack Ma came to the United States to discuss with Butz the repurchase of Taobao's shares. The offer was also US$50 billion, but Butz severely rejected it.

"No, no, no, I'm not here on behalf of Taobao Company. I don't have a good impression of Jack Ma. I hate him." Yi Anguo explained hurriedly.

"If that's the case, then why do you want to buy 40.00% of Taobao's shares from me?" Butz said not very convinced.

"Because I have invested in a shopping website called Jingjing Online Supermarket. Taobao Company is our most powerful competitor. We have a Chinese idiom that draws fire from the bottom of the cauldron. If I buy 40.00% of the shares of Taobao Company, then I will You can take control of Taobao Company and drive Jack Ma away directly." Yi Anguo explained.

"So that's it! But even if you hold 40.00% of the shares of Taobao Company, you can't drive Jack Ma away! Masayoshi Son of the island country will definitely side with Jack Ma. The combined shares of both of them , but it occupies 60.00%, even if you have 40.00% of the shares, you will never be able to shake Jackma’s leadership position in Taobao." Butz quickly understood.

"Of course I have a way to deal with Jack Ma. I can defeat him in business competition. The Anjing Online Supermarket under my name is not a vegetarian. Once Taobao Company fails to make profits for a long time, Masayoshi Son of the island country will not be able to do anything. Stand with Jack Ma and continue to support him." Fao Anguo said with a confident smile.

"Besides, Jack Ma doesn't personally hold a lot of shares, and his so-called founder team is not monolithic. I can break them up from within and acquire shares from other people at a high price."

"Once I have an absolute majority of the controlling stake, even if Jackma has the support of Masayoshi Son of the island country, he will be unable to fight back under the pressure of my absolute majority shareholding."

After hearing this, Butz said thoughtfully: "Even if what you say makes sense, why should I sell it to you?"

"Before you came here, Jack Ma also came here to find me. He also wanted to buy back 40.00% of our shares in Taobao Company. He offered 55 billion US dollars, but I rejected them. Your offer was only 50 billion. Dollars, do you think I might agree to sell them to you?"

Yi Anguo shook his head and said: "Although I know that it is impossible for Jackma to pay 55 billion US dollars to buy back your Taobao shares, but in order to show our sincerity, I can increase the purchase price to 55 billion." Dollar."

"Although I personally dislike Jack Ma, I am still optimistic about Taobao's development potential. If Mr. Yi really wants it, he will have to pay at least US$60 billion before I will consider it on the board of directors." Initiate a resolution to sell shares of Taobao Company." Butts said after thinking about it for a moment.

Yi Anguo was able to accept the purchase price of US$60 billion, but he was a little worried that if he agreed too easily, the other party might increase the price again.

So he deliberately thought for a long time before asking: "How likely do you think this acquisition will be successfully passed after it is proposed at the board of directors?"

"I can't guarantee this, but there should be half a chance of passing it!" Butz shook his head and said.

"Does such an acquisition still need to go through the board of directors? Don't you have the right to decide?" Yi Anguo said a little doubtfully.

"The CEO before you, Jerry Yang, seems to have a lot of power! He can veto many things with one vote, such as investing in Taobao and rejecting Microsoft's acquisition. It seems that he made the decision alone. !”

Butz looked at Yi Anguo, as if he was deep in thought, not knowing what he was thinking.

(End of this chapter)