Chapter 678
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When they put two million dollars into the account designated by Louise, Louise just said "yes!" and then explained the course of the board meeting in three minutes. Markley lined up the crowd and persuaded the members of the board of directors to get the authorization to exchange them.
Although it was only three minutes, Yang Zhiyuan and others thought it was worth the money. With this result, they can safely trade with mark without so much worry about gain and loss.
They are full of expectations for this transaction, and their opponents Bloomberg or beta mans are top large companies or publishing groups, rich and powerful. If they compete head-on, they are not opponents, but now Mark seems to be a little obsessed and has agreed to such conditions.
No matter how you look at it, Times Publishing Group and its assets are more valuable and stable. Of course, it can't be said that Yali's equity is good for nothing. It's rising fast! In 2005, it invested 1 billion yuan. Now it seems to be worth 3 billion yuan on the book, which has tripled in the future! But when they see Ma Yun's power and difficulty, they will know that this is not a piece of fat, and they can't provide any back feeding for him at present.
Therefore, it is a good choice to start with a more stable Times Publishing Group. It is conservatively estimated that there will be a profit of 3% to 4% every year. If it can be published simultaneously with their online content, the profit will be higher. Moreover, they have influential magazines such as fortune, life and sports illustrated. They account for three of the top five magazines in the whole meter, Even Bloomberg is envious!
So Ferrero immediately called Mark: "you can exchange." and expressed the hope that he could sign as soon as possible.
For the other party's requirements, mark agreed to go quietly to the village and don't shoot. As long as the equity is obtained, with Time Warner's extremely strong management ability and global publicity ability, this is an aggressive huge predator, not like a big and harmless tiger shark like Yahoo. Ma Yun wants to clean up the Time Warner interest group led by mark, which is not easy.
Ma Yun is a powerful character. He used the two crap to transfer Alipay and HKEx delisting, forcing YAHOO and Softbank to retreat again and again. This is not the case. After Alipay's ownership and the Hong Kong Stock Exchange's delisting, Ma Yun and IBA Ba management began to think about how to get huge returns on the market while not losing control of the company. The final emergence is the innovative partnership system.
Yali group began to practice the partnership system in 2009. At that time, aribaba announced that 18 founders of the group resigned as "founders" and re employed into the company from scratch.
Yari proposed that he hopes to realize corporate governance with an innovative governance structure - "partner system", that is, the core manager of the company's business, with greater strategic decision-making power.
This scheme is considered to be a "dual equity system", that is, minority shareholders control the company through the setting of voting rights, but in fact, the partner system is further than the dual equity system. At least in theory, the latter is possible for radical investors to exploit loopholes, and the former solves the problem of dilution of Founder shares once and for all.
According to the understanding agreement reached between Yahoo and aribaba, after listing, aribaba can acquire 10% of Yahoo's shares in Yali. In this way, the sum of voting rights of Yahoo and Softbank will be less than 50%, and the sum of equity will also be reduced to 49.3%. After six years, aribaba's management regained the absolute power of the group.
At present, Alibaba Group has four directors, including Ma Yun, Cai chongxun, son Zhengyi of Softbank, and buzz of Yahoo. After listing, Yahoo's board of directors will be cancelled, and the board of directors of aribaba group will be increased to 9. Aribaba's management holds 5 seats, Softbank 1 seat, and the other 3 seats will be nominated by the nomination committee of the board of directors. The nominated directors need more than half of the voting rights of the general meeting of shareholders to take effect, that is to say, if Yari disagrees, the major shareholders have no way.
After regaining absolute power, in the face of the two major shareholders of Yahoo and Softbank, and the private capital used by Ma Yun to buy back Yahoo, the overall listing of the group has become an imperative step. This step is a one-step winner both for the development of Yali and for solving the previous complex equity dispute. Since it is winning chess, we must win with one chess.
Therefore, in 2012, Alibaba B2B delisted at the issue price in Hong Kong and began to plan to package and list.
According to Yahoo's Alibaba agreement, the IPO must raise at least US $3 billion in cash (before deducting various expenses); Secondly, Ali is listed on the Xiangjiang stock exchange or the American stock exchange, or in mainland China under specific circumstances; Third, the IPO price must be a premium of 110% per share for biari's repurchase of Yahoo shares; Fourth, one of the global IPO underwriters is selected by Yahoo.
Since Ali's share price is not less than US $13.50 when repurchasing the equity held by Yahoo, according to the above third point, Ali's valuation needs to reach US $73.5 billion in future IPO, and the issue price should exceed US $28.35, which is actually a win-win situation. Ma Yun of Yali obtains the control and voting power of the company, while Yahoo obtains a lot of cash and manages the shares like Softbank, Ask for money, not power.
It is not clear that YAHOO is foolish. At that time, it had already included 12 companies, such as Alibaba B2B, Taobao, Tmall, Alipay, word of mouth network, Ali cloud, Huaxia YAHOO, Yi Panwang, China Wan Wan, Juhuasuan, CNZZ, etc. Goldman Sachs raised the valuation of the group to $105 billion, which is not the whole of the territory of the Yali empire. Next, Yali also led the establishment of rookie network and acquired Tianhong fund, Hang Seng electronics, CITIC 21st century and cultural Huaxia. Aribaba, whose valuation has doubled five times within a year, makes Yahoo and Softbank more willing to hand over power to the Yali team. After all, if you have money to earn, the previous unhappiness can disappear. This can be regarded as another professional management system.
No matter what kind of system, it is a good system to earn money.
But mark doesn't think so. By 2013, the weak economies around the world under the European debt crisis are also waiting for Yali's listing to inject vitality into the stock market. For a time, Alibaba's IPO has become the target of many countries, which is different from before. This time, Yali is choosing the market, not Ali.
There is no doubt that such a huge group can be listed wherever, which will become the largest IPO event in its history. In 2013, when the world economy is still recovering, the listing location of Yali has undoubtedly become the focus of the capital market. China, Xiangjiang, the United States and the United Kingdom, every possible listing location, strive to let Yali enter their own stock market. How influential is this?
In fact, there are not many options for aribaba. The Hong Kong stock exchange, the New York Stock Exchange and NASDAQ are the only options.
"We don't care where we are listed, but we care where we are listed. We must support this culture of openness, innovation, responsibility and long-term development." in September 2013, a high-profile employee letter further upgraded the listing lobbying strategy of aribaba group.
In fact, behind this seemingly high-profile employee letter, we can see that the equity structure of Yari's partner system is looking for an open and innovative market that can allow Yari to grow freely.
At first, many people believed that Yali group would be listed on the Hong Kong stock exchange again, and its advantages were obvious. First, it is easy to impact higher valuations. There is no doubt about the value of aribaba in the Chinese circle, but in the United States, it is just a name. Many Americans have never heard of it, so it is difficult to attract the 10% retail investors.
Then, the regulatory policy of Xiangjiang stock market is relatively mild, and aristoba is more familiar with the policy environment here. In the United States, Yali faces more complex regulatory and valuation risks, as well as class action caused by intellectual property and equity disputes at any time. However, the disadvantage of listing on the Hong Kong stock exchange is Ma Yun, who may lose control of the company, which is unacceptable to him.
In the current actual equity structure of the company, the shareholding of Ma Yun and other directors is only 10.38%, which is far less than 36.7% of Softbank and 35% of Yahoo. According to the regulations of the Hong Kong stock exchange, enterprises listed in Xiangjiang can only have a single equity structure, that is, all stock rights have the same voting rights, that is, holding shares and power. In this way, once Alibaba chooses to be listed in Hong Kong, if the valuation does not meet the standard and fails to buy back the 10% shares of Yahoo, coupled with the provisions of the Hong Kong stock exchange, Ma Yun's actual control will become 10.38%.
Therefore, aristoba submitted his "partnership system" to the Hong Kong Stock Exchange and expected the Hong Kong stock exchange to make an exception for aristoba. After several seesaw negotiations, Ma Yun personally went to Xiangjiang and the high-level mediation of the Hong Kong stock exchange. Finally, Li Xiaojia refused to make an exception for aribaba, so they had few choices, and the United States was the best choice.
As the leader of the United States, mark has mm and Time Warner. Ma Yun not only wants to operate on them, but also listed in the United States. This really regards mm and Time Warner as nothing.
It's their business how they engage in Softbank. If they want to engage in the equity of Time Warner, they will face the anger of interest groups led by Time Warner. It's no joke. Time Warner is not a person without the ability to fight back like Yahoo. They are top hunters and tiger sharks in the sea. Barry saw that mark didn't sign a contract with Yahoo, It was no accident that mark could dominate beimi. This man has accurate eyes, decisive killing and careful mind. He is a rare talent.
Therefore, mark Barry, Yang Zhiyuan, Philo and other devious people arranged to meet the next day. Since both sides were interested, they immediately signed a letter of intent. After signing the letter of intent, they immediately drafted the contract. Both sides brought a lawyer group to draft the contract.
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When they put two million dollars into the account designated by Louise, Louise just said "yes!" and then explained the course of the board meeting in three minutes. Markley lined up the crowd and persuaded the members of the board of directors to get the authorization to exchange them.
Although it was only three minutes, Yang Zhiyuan and others thought it was worth the money. With this result, they can safely trade with mark without so much worry about gain and loss.
They are full of expectations for this transaction, and their opponents Bloomberg or beta mans are top large companies or publishing groups, rich and powerful. If they compete head-on, they are not opponents, but now Mark seems to be a little obsessed and has agreed to such conditions.
No matter how you look at it, Times Publishing Group and its assets are more valuable and stable. Of course, it can't be said that Yali's equity is good for nothing. It's rising fast! In 2005, it invested 1 billion yuan. Now it seems to be worth 3 billion yuan on the book, which has tripled in the future! But when they see Ma Yun's power and difficulty, they will know that this is not a piece of fat, and they can't provide any back feeding for him at present.
Therefore, it is a good choice to start with a more stable Times Publishing Group. It is conservatively estimated that there will be a profit of 3% to 4% every year. If it can be published simultaneously with their online content, the profit will be higher. Moreover, they have influential magazines such as fortune, life and sports illustrated. They account for three of the top five magazines in the whole meter, Even Bloomberg is envious!
So Ferrero immediately called Mark: "you can exchange." and expressed the hope that he could sign as soon as possible.
For the other party's requirements, mark agreed to go quietly to the village and don't shoot. As long as the equity is obtained, with Time Warner's extremely strong management ability and global publicity ability, this is an aggressive huge predator, not like a big and harmless tiger shark like Yahoo. Ma Yun wants to clean up the Time Warner interest group led by mark, which is not easy.
Ma Yun is a powerful character. He used the two crap to transfer Alipay and HKEx delisting, forcing YAHOO and Softbank to retreat again and again. This is not the case. After Alipay's ownership and the Hong Kong Stock Exchange's delisting, Ma Yun and IBA Ba management began to think about how to get huge returns on the market while not losing control of the company. The final emergence is the innovative partnership system.
Yali group began to practice the partnership system in 2009. At that time, aribaba announced that 18 founders of the group resigned as "founders" and re employed into the company from scratch.
Yari proposed that he hopes to realize corporate governance with an innovative governance structure - "partner system", that is, the core manager of the company's business, with greater strategic decision-making power.
This scheme is considered to be a "dual equity system", that is, minority shareholders control the company through the setting of voting rights, but in fact, the partner system is further than the dual equity system. At least in theory, the latter is possible for radical investors to exploit loopholes, and the former solves the problem of dilution of Founder shares once and for all.
According to the understanding agreement reached between Yahoo and aribaba, after listing, aribaba can acquire 10% of Yahoo's shares in Yali. In this way, the sum of voting rights of Yahoo and Softbank will be less than 50%, and the sum of equity will also be reduced to 49.3%. After six years, aribaba's management regained the absolute power of the group.
At present, Alibaba Group has four directors, including Ma Yun, Cai chongxun, son Zhengyi of Softbank, and buzz of Yahoo. After listing, Yahoo's board of directors will be cancelled, and the board of directors of aribaba group will be increased to 9. Aribaba's management holds 5 seats, Softbank 1 seat, and the other 3 seats will be nominated by the nomination committee of the board of directors. The nominated directors need more than half of the voting rights of the general meeting of shareholders to take effect, that is to say, if Yari disagrees, the major shareholders have no way.
After regaining absolute power, in the face of the two major shareholders of Yahoo and Softbank, and the private capital used by Ma Yun to buy back Yahoo, the overall listing of the group has become an imperative step. This step is a one-step winner both for the development of Yali and for solving the previous complex equity dispute. Since it is winning chess, we must win with one chess.
Therefore, in 2012, Alibaba B2B delisted at the issue price in Hong Kong and began to plan to package and list.
According to Yahoo's Alibaba agreement, the IPO must raise at least US $3 billion in cash (before deducting various expenses); Secondly, Ali is listed on the Xiangjiang stock exchange or the American stock exchange, or in mainland China under specific circumstances; Third, the IPO price must be a premium of 110% per share for biari's repurchase of Yahoo shares; Fourth, one of the global IPO underwriters is selected by Yahoo.
Since Ali's share price is not less than US $13.50 when repurchasing the equity held by Yahoo, according to the above third point, Ali's valuation needs to reach US $73.5 billion in future IPO, and the issue price should exceed US $28.35, which is actually a win-win situation. Ma Yun of Yali obtains the control and voting power of the company, while Yahoo obtains a lot of cash and manages the shares like Softbank, Ask for money, not power.
It is not clear that YAHOO is foolish. At that time, it had already included 12 companies, such as Alibaba B2B, Taobao, Tmall, Alipay, word of mouth network, Ali cloud, Huaxia YAHOO, Yi Panwang, China Wan Wan, Juhuasuan, CNZZ, etc. Goldman Sachs raised the valuation of the group to $105 billion, which is not the whole of the territory of the Yali empire. Next, Yali also led the establishment of rookie network and acquired Tianhong fund, Hang Seng electronics, CITIC 21st century and cultural Huaxia. Aribaba, whose valuation has doubled five times within a year, makes Yahoo and Softbank more willing to hand over power to the Yali team. After all, if you have money to earn, the previous unhappiness can disappear. This can be regarded as another professional management system.
No matter what kind of system, it is a good system to earn money.
But mark doesn't think so. By 2013, the weak economies around the world under the European debt crisis are also waiting for Yali's listing to inject vitality into the stock market. For a time, Alibaba's IPO has become the target of many countries, which is different from before. This time, Yali is choosing the market, not Ali.
There is no doubt that such a huge group can be listed wherever, which will become the largest IPO event in its history. In 2013, when the world economy is still recovering, the listing location of Yali has undoubtedly become the focus of the capital market. China, Xiangjiang, the United States and the United Kingdom, every possible listing location, strive to let Yali enter their own stock market. How influential is this?
In fact, there are not many options for aribaba. The Hong Kong stock exchange, the New York Stock Exchange and NASDAQ are the only options.
"We don't care where we are listed, but we care where we are listed. We must support this culture of openness, innovation, responsibility and long-term development." in September 2013, a high-profile employee letter further upgraded the listing lobbying strategy of aribaba group.
In fact, behind this seemingly high-profile employee letter, we can see that the equity structure of Yari's partner system is looking for an open and innovative market that can allow Yari to grow freely.
At first, many people believed that Yali group would be listed on the Hong Kong stock exchange again, and its advantages were obvious. First, it is easy to impact higher valuations. There is no doubt about the value of aribaba in the Chinese circle, but in the United States, it is just a name. Many Americans have never heard of it, so it is difficult to attract the 10% retail investors.
Then, the regulatory policy of Xiangjiang stock market is relatively mild, and aristoba is more familiar with the policy environment here. In the United States, Yali faces more complex regulatory and valuation risks, as well as class action caused by intellectual property and equity disputes at any time. However, the disadvantage of listing on the Hong Kong stock exchange is Ma Yun, who may lose control of the company, which is unacceptable to him.
In the current actual equity structure of the company, the shareholding of Ma Yun and other directors is only 10.38%, which is far less than 36.7% of Softbank and 35% of Yahoo. According to the regulations of the Hong Kong stock exchange, enterprises listed in Xiangjiang can only have a single equity structure, that is, all stock rights have the same voting rights, that is, holding shares and power. In this way, once Alibaba chooses to be listed in Hong Kong, if the valuation does not meet the standard and fails to buy back the 10% shares of Yahoo, coupled with the provisions of the Hong Kong stock exchange, Ma Yun's actual control will become 10.38%.
Therefore, aristoba submitted his "partnership system" to the Hong Kong Stock Exchange and expected the Hong Kong stock exchange to make an exception for aristoba. After several seesaw negotiations, Ma Yun personally went to Xiangjiang and the high-level mediation of the Hong Kong stock exchange. Finally, Li Xiaojia refused to make an exception for aribaba, so they had few choices, and the United States was the best choice.
As the leader of the United States, mark has mm and Time Warner. Ma Yun not only wants to operate on them, but also listed in the United States. This really regards mm and Time Warner as nothing.
It's their business how they engage in Softbank. If they want to engage in the equity of Time Warner, they will face the anger of interest groups led by Time Warner. It's no joke. Time Warner is not a person without the ability to fight back like Yahoo. They are top hunters and tiger sharks in the sea. Barry saw that mark didn't sign a contract with Yahoo, It was no accident that mark could dominate beimi. This man has accurate eyes, decisive killing and careful mind. He is a rare talent.
Therefore, mark Barry, Yang Zhiyuan, Philo and other devious people arranged to meet the next day. Since both sides were interested, they immediately signed a letter of intent. After signing the letter of intent, they immediately drafted the contract. Both sides brought a lawyer group to draft the contract.
When they put two million dollars into the account designated by Louise, Louise just said "yes!" and then explained the course of the board meeting in three minutes. Markley lined up the crowd and persuaded the members of the board of directors to get the authorization to exchange them.Although it was only three minutes, Yang Zhiyuan and others thought it was worth the money. With this result, they can safely trade with mark without so much worry about gain and loss.They are full of expectations for this transaction, and their opponents Bloomberg or beta mans are top large companies or publishing groups, rich and powerful. If they compete head-on, they are not opponents, but now Mark seems to be a little obsessed and has agreed to such conditions.No matter how you look at it, Times Publishing Group and its assets are more valuable and stable. Of course, it can't be said that Yali's equity is good for nothing. It's rising fast! In 2005, it invested 1 billion yuan. Now it seems to be worth 3 billion yuan on the book, which has tripled in the future! But when they see Ma Yun's power and difficulty, they will know that this is not a piece of fat, and they can't provide any back feeding for him at present.Therefore, it is a good choice to start with a more stable Times Publishing Group. It is conservatively estimated that there will be a profit of 3% to 4% every year. If it can be published simultaneously with their online content, the profit will be higher. Moreover, they have influential magazines such as fortune, life and sports illustrated. They account for three of the top five magazines in the whole meter, Even Bloomberg is envious!So Ferrero immediately called Mark: "you can exchange." and expressed the hope that he could sign as soon as possible.For the other party's requirements, mark agreed to go quietly to the village and don't shoot. As long as the equity is obtained, with Time Warner's extremely strong management ability and global publicity ability, this is an aggressive huge predator, not like a big and harmless tiger shark like Yahoo. Ma Yun wants to clean up the Time Warner interest group led by mark, which is not easy.Ma Yun is a powerful character. He used the two crap to transfer Alipay and HKEx delisting, forcing YAHOO and Softbank to retreat again and again. This is not the case. After Alipay's ownership and the Hong Kong Stock Exchange's delisting, Ma Yun and IBA Ba management began to think about how to get huge returns on the market while not losing control of the company. The final emergence is the innovative partnership system.Yali group began to practice the partnership system in 2009. At that time, aribaba announced that 18 founders of the group resigned as "founders" and re employed into the company from scratch.Yari proposed that he hopes to realize corporate governance with an innovative governance structure - "partner system", that is, the core manager of the company's business, with greater strategic decision-making power.This scheme is considered to be a "dual equity system", that is, minority shareholders control the company through the setting of voting rights, but in fact, the partner system is further than the dual equity system. At least in theory, the latter is possible for radical investors to exploit loopholes, and the former solves the problem of dilution of Founder shares once and for all.According to the understanding agreement reached between Yahoo and aribaba, after listing, aribaba can acquire 10% of Yahoo's shares in Yali. In this way, the sum of voting rights of Yahoo and Softbank will be less than 50%, and the sum of equity will also be reduced to 49.3%. After six years, aribaba's management regained the absolute power of the group.At present, Alibaba Group has four directors, including Ma Yun, Cai chongxun, son Zhengyi of Softbank, and buzz of Yahoo. After listing, Yahoo's board of directors will be cancelled, and the board of directors of aribaba group will be increased to 9. Aribaba's management holds 5 seats, Softbank 1 seat, and the other 3 seats will be nominated by the nomination committee of the board of directors. The nominated directors need more than half of the voting rights of the general meeting of shareholders to take effect, that is to say, if Yari disagrees, the major shareholders have no way.After regaining absolute power, in the face of the two major shareholders of Yahoo and Softbank, and the private capital used by Ma Yun to buy back Yahoo, the overall listing of the group has become an imperative step. This step is a one-step winner both for the development of Yali and for solving the previous complex equity dispute. Since it is winning chess, we must win with one chess.Therefore, in 2012, Alibaba B2B delisted at the issue price in Hong Kong and began to plan to package and list.According to Yahoo's Alibaba agreement, the IPO must raise at least US $3 billion in cash before deducting various expenses; Secondly, Ali is listed on the Xiangjiang stock exchange or the American stock exchange, or in mainland China under specific circumstances; Third, the IPO price must be a premium of 110% per share for biari's repurchase of Yahoo shares; Fourth, one of the global IPO underwriters is selected by Yahoo.Since Ali's share price is not less than US $13.50 when repurchasing the equity held by Yahoo, according to the above third point, Ali's valuation needs to reach US $73.5 billion in future IPO, and the issue price should exceed US $28.35, which is actually a win-win situation. Ma Yun of Yali obtains the control and voting power of the company, while Yahoo obtains a lot of cash and manages the shares like Softbank, Ask for money, not power.It is not clear that YAHOO is foolish. At that time, it had already included 12 companies, such as Alibaba B2B, Taobao, Tmall, Alipay, word of mouth network, Ali cloud, Huaxia YAHOO, Yi Panwang, China Wan Wan, Juhuasuan, CNZZ, etc. Goldman Sachs raised the valuation of the group to $105 billion, which is not the whole of the territory of the Yali empire. Next, Yali also led the establishment of rookie network and acquired Tianhong fund, Hang Seng electronics, CITIC 21st century and cultural Huaxia. Aribaba, whose valuation has doubled five times within a year, makes Yahoo and Softbank more willing to hand over power to the Yali team. After all, if you have money to earn, the previous unhappiness can disappear. This can be regarded as another professional management system.No matter what kind of system, it is a good system to earn money.But mark doesn't think so. By 2013, the weak economies around the world under the European debt crisis are also waiting for Yali's listing to inject vitality into the stock market. For a time, Alibaba's IPO has become the target of many countries, which is different from before. This time, Yali is choosing the market, not Ali.There is no doubt that such a huge group can be listed wherever, which will become the largest IPO event in its history. In 2013, when the world economy is still recovering, the listing location of Yali has undoubtedly become the focus of the capital market. China, Xiangjiang, the United States and the United Kingdom, every possible listing location, strive to let Yali enter their own stock market. How influential is this?In fact, there are not many options for aribaba. The Hong Kong stock exchange, the New York Stock Exchange and NASDAQ are the only options."We don't care where we are listed, but we care where we are listed. We must support this culture of openness, innovation, responsibility and long-term development." in September 2013, a high-profile employee letter further upgraded the listing lobbying strategy of aribaba group.In fact, behind this seemingly high-profile employee letter, we can see that the equity structure of Yari's partner system is looking for an open and innovative market that can allow Yari to grow freely.At first, many people believed that Yali group would be listed on the Hong Kong stock exchange again, and its advantages were obvious. First, it is easy to impact higher valuations. There is no doubt about the value of aribaba in the Chinese circle, but in the United States, it is just a name. Many Americans have never heard of it, so it is difficult to attract the 10% retail investors.Then, the regulatory policy of Xiangjiang stock market is relatively mild, and aristoba is more familiar with the policy environment here. In the United States, Yali faces more complex regulatory and valuation risks, as well as class action caused by intellectual property and equity disputes at any time. However, the disadvantage of listing on the Hong Kong stock exchange is Ma Yun, who may lose control of the company, which is unacceptable to him.In the current actual equity structure of the company, the shareholding of Ma Yun and other directors is only 10.38%, which is far less than 36.7% of Softbank and 35% of Yahoo. According to the regulations of the Hong Kong stock exchange, enterprises listed in Xiangjiang can only have a single equity structure, that is, all stock rights have the same voting rights, that is, holding shares and power. In this way, once Alibaba chooses to be listed in Hong Kong, if the valuation does not meet the standard and fails to buy back the 10% shares of Yahoo, coupled with the provisions of the Hong Kong stock exchange, Ma Yun's actual control will become 10.38%.Therefore, aristoba submitted his "partnership system" to the Hong Kong Stock Exchange and expected the Hong Kong stock exchange to make an exception for aristoba. After several seesaw negotiations, Ma Yun personally went to Xiangjiang and the high-level mediation of the Hong Kong stock exchange. Finally, Li Xiaojia refused to make an exception for aribaba, so they had few choices, and the United States was the best choice.As the leader of the United States, mark has mm and Time Warner. Ma Yun not only wants to operate on them, but also listed in the United States. This really regards mm and Time Warner as nothing.It's their business how they engage in Softbank. If they want to engage in the equity of Time Warner, they will face the anger of interest groups led by Time Warner. It's no joke. Time Warner is not a person without the ability to fight back like Yahoo. They are top hunters and tiger sharks in the sea. Barry saw that mark didn't sign a contract with Yahoo, It was no accident that mark could dominate beimi. This man has accurate eyes, decisive killing and careful mind. He is a rare talent.Therefore, mark Barry, Yang Zhiyuan, Philo and other devious people arranged to meet the next day. Since both sides were interested, they immediately signed a letter of intent. After signing the letter of intent, they immediately drafted the contract. Both sides brought a lawyer group to draft the contract.
