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Published at 3rd of January 2022 12:27:42 PM


Chapter 677

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Mark said to Barry: "let you see the greatest empty handed white wolf in contemporary times. It not only won the equity of Yali, but also the publishing group in this era, which can be put in Yahoo's hands for a few years at most."

As a veteran CEO of Hollywood, Barry has studied Mark's data. The deeper he studies, the more unpredictable mark has. He can often test the first opportunity, take the lead step by step and take the lead everywhere.

He prepared a lot of materials and the most professional research team, and even borrowed the data model of Wall Street investment company. He didn't find anything good in Yali, and what's wrong with time publishing group? Instead, he found that the latter was more valuable. He didn't understand why Mark traded for Arie at any cost, but he decided to give his full support and play a little autumn wind.

Mark's calculation is that when ribaba announced its listing on Nasdaq, aribaba announced its IPO price of US $68. This listing will raise US $21.76 billion, with a maximum of US $25.02 billion.

It is reported that the listing of aribaba will be the largest IPO in the history of rice shares, and aribaba will also become one of the most valuable technology companies in the world.

According to Alibaba's official announcement that its IPO price is US $68, based on this issue price, Alibaba's IPO will raise US $21.76 billion, with a market value of US $170.8 billion. This will be the largest IPO in the history of American securities, and Yahoo's equity will reach more than US $30 billion.

It is with Yahoo's Yali equity that Yahoo has survived the difficult post Yahoo era. If it is sold, it will only accelerate its death. As for redemption, it is a joke.

Mark's plan is to seize this part of the equity and withstand Ma Yun's counterattack, so that he can reap the harvest.

Ma Yun is not a good stubble. The B2B business of aristoba group was listed on the Hong Kong Stock Exchange in 2007 and delisted in 2012. The story behind this can be regarded as aristoba's "prequel to listing".

Since its establishment in 1999, Softbank and Yahoo have successively invested in aristoba. The former invested US $20 million in 2000 and US $60 million in 2004. In 2007, Yahoo and Yahoo Huaxia exchanged US $1 billion for nearly 40% of the shares of aribaba group. In the same year, Alibaba's B2B business was injected into Alibaba network and listed on the Hong Kong stock exchange.

External funds enabled aristoba and Ma Yun to survive the financial crisis and maintain high-speed growth. Aristoba developed and became the absolute ruler in the field of e-commerce in China. For a time, the name of aribaba became famous in the international capital market.

However, this also brings the risk of losing power. Especially after Yang Zhiyuan resigned as Yahoo's CEO, Yahoo's 39% voting rights on the board of directors of Yali also began to become Ma Yun's heart disease.

Before and after the listing of Hong Kong stocks in 2007, it was Ma Yun's most dangerous moment. At that time, the sum of the equity of the two major shareholders of Yahoo and Softbank had reached 68.3%. It was just a matter of one sentence to drive Ma Yun out of office.

After that, Ma decided to fight back, and made two moves. The first step was to cut off the ownership of Alipay, and the second step was to transfer private funds to YAHOO.

Since 2010, Ma Yun repeatedly asked to buy back Yahoo shares, which was repeatedly rejected, and Softbank, the second largest shareholder, stood idly by.

By the end of the year, Ma Yun had transferred the original Alipay company belonging to the group to Ma Yun holding Zhejiang, Alibaba, without the approval of the board of directors. At the same time, Alipay applied for the third party payment license in China (ALI group registered in the Cayman Islands). After Alipay transferred the incident, passive YAHOO and Softbank began to sit down and negotiate with Yali.

In the end, Ma Yun gave reasonable compensation to the two shareholders, but it doesn't seem important. What's important is that Ma Yun showed Yahoo his control over the companies of Yali group.

In the next two years, the business of the old Internet giant Yahoo in the United States also began to decline day by day. At this time, aristoba began to play the repurchase card. The condition for Yahoo to agree to aristoba's repurchase of equity is to require Yali group to be packaged and listed. After some twists and turns, Yari promised shareholders to list the group before December 2015, and Yahoo sold half of its shares to aribaba group.

After the completion of this transaction, the sum of voting rights of Softbank and Yahoo in the board of directors of Alibaba Group will be reduced to less than 50%. At the same time, Yahoo will give up the appointment of board members and the veto power related to Alibaba Group's strategy and business decisions, and Ma Yun and the management will regain the power.

In these two steps, aristoba weakened the power of Yahoo and Softbank. At the same time, in order to realize the conditions for repurchase of Yahoo shares in the 2011 framework agreement, Yari group began to plan to go public.

Ma Yun's way to regain control is not to let himself get more shares, but to let Yahoo and Softbank lose their shares. In particular, there has always been a relationship between aristoba's management and Yahoo. Softbank has always been shaking hands with its boss and holding shares regardless of power, which gives him absolute control and voting rights. He can ask for money and equity, but if he wants to touch aristoba, That's absolutely impossible.

Therefore, even if Time Warner controls 40% of Yali's equity, it is not plain sailing. They must also fight with Ma Yun. The original Ma Yun is to clean up Yahoo and Softbank, determine the distribution of interests and authority, and then go public. Otherwise, it will take the management as the base camp, contact local companies, fight against shareholders, and make them want to be immortal and die, If you want to go public, they refuse to go public, so that shareholders can't make money and everyone loses together.

Mark's plan is to have a good play with the legendary figure after taking Yahoo's shares in Yali. After so many things, mark is not afraid of any intrigues and tricks. It is very fun to fight with heaven and earth.

However, in the Time Warner board of directors, Mark's proposal was rejected. They are more inclined to sell time publishing group to Bloomberg or Bertelsmann at the market price. They are not optimistic about the past investment of Yahoo. What's good for an Internet enterprise similar to rural areas in China.

Barry had to explain patiently, while mark was drinking coffee leisurely. He ignored these people's doubts and sat proudly. I took you to make a fortune and was questioned by you. Is it really annoying?

When Mark saw that Barry couldn't convince all the directors for a long time, he put down his coffee cup: "two schemes, a is according to my proposal, B is that I buy time publishing group to trade with Yahoo at a price 15% higher than the market price. I'm finished, a or B!" when he said this, he had the style of Zhou Chaojun who supports and who opposes in black gold.

The directors were silent.

"If I were as hesitant as you when I bought Colombia, I wouldn't succeed," Mark said

Everyone remembered that he was an acquisition expert. He built a media empire no worse than Time Warner through rapid M & A. he did not fail. At first, he thought it was a very failed M & a Naifei and bought Pingguo equity. Now it has been proved that this is a wonderful acquisition war, which makes countless Wall Street acquisition experts ashamed.

Barry agitated the reed like tongue: "mark is leading everyone to make a fortune, but you should hesitate? If the people on Wall Street know about it, there will be nothing for you."

In this case, the directors of the board of directors raised their hands one after another and agreed to mark's proposal. The low-cost transfer of Time Warner was passed. However, we all understand that if their equity investment in Yali does not appreciate, they will face the criticism of the whole board of directors. They will not be able to eat and walk around, but at present, they have won a great victory.

Mark, after they obtained the authorization of the board of directors, immediately made a plan. They understood that they should not be too enthusiastic and should not take the initiative to contact the people of Yahoo, so as not to make them feel disgusted, or find that Xi fluke did not agree to the transaction, which is not beautiful.

They must pretend that they are not very enthusiastic and dispensable. This is the right attitude.

Yang Zhiyuan and Philo think this is a great good thing for pizza. They and their professional team have studied it for a long time and can't find anything wrong. Their lawyers, accountants and financial advisers don't find anything wrong. Instead, they think this is a once-in-a-lifetime good opportunity.

Ma Yun of aribaba is too difficult to do. Although he is listed in Xiangjiang with a market value of about US $10 billion, he is the first Internet state technology company in China with a market value of more than US $7 billion. He can't rank among the top 20 in the United States. The tall man can't reflect any value. Time publishing group is real value. These publishing groups have no room for speculation, No bubble, market value equals real value, and it marries with YAHOO, what a beautiful thing to bubble up.

Therefore, they unanimously decided not to hesitate and immediately take action to make the confused mark come back to his senses. They would certainly not do such two things, but they were worried about whether being so enthusiastic would arouse Mark's vigilance. If he came back to his senses, the good thing would come to an end.

Fero's assistant offered advice: "I contacted Mark's assistant Louise and asked Mark's attitude. She offered $2 million. I saw that the woman was too black hearted and refused."

Yang Zhiyuan didn't want to think about it and said, "here! Go to the company account and contact her immediately."

When the assistant contacted Louise, she said, "I can tell you that the result of the board meeting is actually agreement or objection. You don't have to pay this big price."

The assistant said, "in fact, you also think it's expensive. Why not reduce the price by half?"

Louise was a wise man. She knew his news. It was either worthless or worth thousands of gold. She said, "my loyalty is worth the price."

The assistant said, "tell me the account!" he knew nothing more than these two results, but they were making strategic judgment. They couldn't take any risks and didn't want to make any mistakes. Although the word yesno was expensive, the money had to be spent and was worth it.




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