Rebirth

House seemingly endless rain.

This is not rain.

Is it a knife?

A company consumes liquidity and also repays its own shares. If the two appear separately, there is nothing. The listed companies in the United States will almost always buy back their own shares.

Only the purpose is different.

If it is to stabilize the stock price, it is bad news.

If it is the end of the year, it is good news.

Obviously.

It is mid-year now.

Yahoo is a tough life-saving rhythm. So, the market is very strong, and immediately respond to this news. Many retail investors are ready to stop the loss before the repurchase funds are exhausted.

And after the capital chain was exhausted, it was exhausted.

One after another bad news is frequently transmitted.

Yahoo once again compares,

“…”

It hurts a lot. Yahoo’s board is now mad at the mother, but can’t find a punching bag. Now, Yahoo’s several strategic mistakes have become marginalized, and the name is worth some money.

They are quickly counting the assets they have to sell.

Just as Ali appeared in the field of vision.

Ali has not yet listed.

The market value is not good.

However, according to the amount of financing, plus Ali’s industry status and future prospects, Yahoo’s relevant departments give a valuation of about 7 billion US dollars, which is a more reasonable valuation.

Yahoo holds the shares of Ali 30% Nine.

If all are sold at a premium.

At least three billion dollars, this is still a conservative estimate, but Yahoo is unlikely to sell all of Ali’s shares in its hands, up to half of the $1.5 billion Ali shares.

Compared to the billion dollars invested in the original.

Also made a lot of money.

And this time the buyer is Tang Qing.

A big rich man, they all want to ‘knock one’, so the premium they propose is 1%, which means that Tang Qing wants to buy half of their shares, at least $3 billion.

“I don’t think it is right.” Yang Zhiyuan said this time.

Others looked toward him.

Casting a bad eye.

Yang Zhiyuan is a Chinese.

They preconceived that this was speaking for Tang Qing, and Yang Zhiyuan gave a calm explanation.

“First of all, we have to clarify one thing. In the future, what is our relationship with Tang Qing? If the transaction is successful, he will become one of Ali’s major shareholders. Will we have a complaint with Tang Qing?”

“Secondly, Tang Qing will agree if such a high premium. If he gives up the acquisition, a small cooperation may be ruined. In that case, as Ma said, we may miss an opportunity.”

“Finally, and most importantly, if this transaction is not completed, not only the crisis of Yahoo’s stock, but whether the listing on Xiangjiang will affect Ali’s stock price is a real problem before us.”

A few questions were thrown.

The meeting room was quiet.

“What do you think?”

Yahoo asked another Founder.

“We have to first establish a consensus that these shares are sold for the purpose of obtaining funds, at least for Yahoo’s operations without problems, incidentally, to maximize the value of our investment.”

“So, I think, 50% is a reasonable premium level. Too much, Tang Qing disagrees. Who do we sell to? Softbank is impossible. Ma Rong will not allow someone to independently control Ali 50% or more. ”

Yang Zhiyuan analyzed, selling shares, how much money Yahoo can set, but to whom, Yahoo can not decide unilaterally, even if the island country Softbank wants to buy, Ma Wei will certainly not be willing.

This is the case.

Many directors have not done it.

“The premium 50%? Too little, he Tang Qing is so rich.”

“Yes, at least ninety.”

“Yes, I don’t think there are two premiums.”

“…”

greedy.

It can make people lose their senses. Yang Zhiyuan sighs at the bottom of his heart. The forest is big, and there are birds. Especially for such Internet companies with complex shareholder structure, the quality of investors is really important.

Financing again and again.

Let him be one of the two Founders, and he has less than 4 percent of the shares.

If you are not Founder yourself.

It is estimated that no one listens to himself.

At this moment.

A major shareholder started talking.

“Yang always said that there is nothing wrong with it. If Tang Qing is introduced, it will be a great benefit to the next listing of Ali. Now Tang Qing is already the richest man in China. If he says he is not optimistic, he will compete with Ali, we may lose. Bigger.”

“Don’t forget, Tang Qing is good at creating miracles. In the future, no one can say, but there must be a place for him. As for the little ones, after you understand, you will find that it is very powerful.”

Yang Zhiyuan gave the big shareholder a compliment in his heart.

Finally, I have a brain to understand.

Short-term benefits.

Long-term interests.

The trade-off between the two.

It is the core that Yang Zhiyuan wants to emphasize.

“Small, where is it?”

“A little software, Ali can do it, we can do it too.”

“This is the investigation report of the eye, you look.”

Yang Zhiyuan sent a document to the person who was doing it. This is what he investigated a few days ago. There are Tianyan Group’s global business model and share, as well as a small evaluation report.

ten minutes later.

Read it.

They are silent.

Ali can do it.

Yahoo can do it too.

but.

People have now become a climate. In the international market, advanced by leaps and bounds, Yahoo has followed suit, and it is too late for people to grow up without stopping. It is not their specialty.

As for Ali?

Is Ma Rong willing to die with Tang Qing?

Can this solve the funding problem of Yahoo now?

the answer is negative.

“Small, it is estimated that in Ma Ying’s view, just like Qingyuan Technology, which has not yet announced the ‘Jiyuan’, once released, it is Heaven Falls and Earth Rends, the market is shuffled, so I am very optimistic about this cooperation.” Independent shareholders said frankly.

“You said, how do we exchange the shares of Ali for the shares of Qingyuan Technology?” One person proposed.

then.

There are people who are heartbroken.

But most people look at him like an idiot, Qingyuan Technology? Not to mention the future prospects of this company, I said that you changed the shares, how to solve the current financial problems of Yahoo?

Do you give money?

therefore.

This proposal has no direct meaning.

at this time.

The wall also shows Yahoo’s shares in real time. Looking at such green lines, they are distressed. In just two months, the market value has evaporated by 20 billion US dollars. It can be said that it hurts to the bottom of my heart.

Nowadays.

It is possible to set the biggest one-day drop after Yahoo’s listing, and look at the number of shares outstanding, they expect that the decline will soon stop because. . . The stocks they bought back were not sold.

In other words.

They will soon be the last takers.

therefore.

Can’t fall short in a short time, but don’t think about it.

“I agree to sell half of Ali’s shares in Yahoo’s hands, but at a premium of 60%, this is our bottom line.” Finally, after another Founder trade-off, Yahoo’s board of directors passed the resolution.

. . .

The news was sent back to China.

Ma Wei personally called Tang Qing.

this price.

Tang Qing did not return, 20% of the shares, still a little less, but with the exchange of Ali and small shares, this time, should be able to grasp the shares of Ali 30%.

As for the remaining shares of Yahoo and Softbank.

Tang Qing is not in a hurry.

next year.

In the financial crisis, he will let the two parties spit out some more, especially Yahoo. Now he has become the pick-up man of his stock. With his money, he can still be held until next year, but that is all.

After next year.

Yahoo.

It is estimated that it is necessary to file for bankruptcy. For Tang Qing, there is actually another option. That is, it will not cooperate now. When Ali’s share price plunges next year, he will not choose to do so.

A little money.

What are you doing so complicated?

Oh, not bad money.