Reborn Entrepreneurial Giant

Chapter 792 Acquisition of Yahoo?

The sales of Qiancheng fuel vehicles have exploded, and Geometry's pure electric vehicle production capacity problem has gradually been solved. However, the cost is high. Due to price issues, sales are still greatly affected. Fortunately, domestic first-tier cities have purchase restrictions, so Geometry G9/Y9 has occupied part of the high-end rigid demand market.

As an SUV model with a boring exterior design, the Geometry Y9 has surpassed the Geometry G9 in sales. However, when the two cars are put together, the domestic sales exceed 6,000 and the foreign sales exceed 4,000. There seemed to be many more wealthy people in the country than he imagined.

Geometry's hot sales don't seem to have affected Tesla. The two companies have a mutually reinforcing effect and work together to expand the market. But there are still problems. Five or six years later, when someone interviewed European users about their views on Chinese electric vehicles, some countries opposed them due to "moral" reasons.

China has been demonized in Europe and the United States for a long time. Honor is using Hollywood superheroes to open up the global market. Geometry is using Honor. This routine is useful, but with the "popularization of science", more and more European and American consumers on the Internet have begun to care about Geometry Auto's China. identity.

I am not afraid now, but I am afraid that in the long run, it will affect the perception of a generation. However, Qu Li gradually severed his connection with the Honor brand and strengthened his connection with the Geometry brand. As a man who can change the world, his global influence has already No worse than American entrepreneurs such as Musk, Bill Gates, Google duo, and Zuckerberg.

In other words, if overseas forces want to hack the Geometry brand, they have to hack Qu Li, the world’s richest man who was born as an orphan. He relies on WeChat and Instagram, and is also the major shareholder of Twitter, so he has a strong enough influence on public opinion.

At this time, news suddenly came out from the Internet: Time Jumei launched the acquisition of Yahoo!

It's obviously just contact, and Yahoo's board of directors is very interested, but at this moment, the timing of the news leaking is so interesting. What is going to be done?

Yahoo's stock price soared by 10%, and Time Jumei's stock price also rose by 5%. News from the outside world was flying, and various rumors were everywhere. The most common theory was that Time Jumei was preparing to acquire Ali Baba in a roundabout way, but this was obviously There is a problem. Ahri has a partnership system. It is difficult for external shareholders to shake its foundation, unless Qu Li’s purpose is to cause trouble. But spending tens of billions just to create obstacles to Ahri’s development is obviously not cost-effective.

Some people say that Qu Li is trying to acquire Yahoo, the world's largest portal website, but everyone knows that the role of portal websites has been reduced in the mobile Internet era.

What is that for? Is Qu Li doing it for Yahoo as a whole, or for some of Yahoo's assets, or simply the other way around, Yahoo coveting time for WeChat and Instagram?

Both Time Jumei and Yahoo remained silent on this, allowing the stock prices of the two companies to rise and fall without intervening. Qu Li asked them to find out the reason earlier, why the news was leaked, and whether there were companies that also took a fancy to Yahoo.

The result is obvious. The American telecom operator Verizon is eyeing Yahoo. Someone internally leaked the news that it was negotiating with Yahoo and that Yahoo's board of directors is interested in cooperation. Seeing that there was no chance, Verizon simply muddied the waters. A Chinese company wanted to acquire an American online media. Why?

Unfortunately, the relationship between Yahoo, Ahri, and TimeJumei is complicated, and the public opinion media quickly started to discuss the grievances and resentments between these three companies. You must know that Qu Li got acquainted with Yahoo founder "Yang Zhiyuan", and then came into contact with Lu Qi, the current CEO of Time Jumei. And Yang Zhiyuan invested in Alibaba. It can be said that he alone or Yahoo, an Internet company, contributed to China's most famous of two e-commerce companies.

So much so that some people say: Without Yahoo Yang Zhiyuan, Ahri and Shijimei would not be what they are today. This sentence is not wrong in a sense.

Whether TimeJumei, with a market value of US$200 billion, can acquire Yahoo, whose market value has just risen to US$40 billion, is difficult, but it is still possible.

From the grudges between the three companies to the acquisition methods, all kinds of gossip on the Internet have diluted concerns about U.S. information security.

But in China, it is not only netizens who pay attention to the gossip, but also leaders above and Teacher Ahlima. No one can guess what Qu Li is thinking or what he wants to do.

"I just want to give it a try, but Yahoo is not going to work anyway..." Qu Li had no specific idea: "If we really want to acquire it, we must divest the shares of Ali Baba and Yahoo Japan."

"This has nothing to do with the competition between Jumei and Ali. I want to be international."

Regardless of whether Teacher Ma believes it or not, Qu Li did not lie anyway. Some financial investment institutions came to their door and were willing to provide them with various kinds of help, such as financial support.

When things got to this point, it was difficult for both parties to proceed. However, Yahoo's board of directors seemed to be more anxious, so they made an appointment with Yahoo's major shareholders, important board members, Yang Zhiyuan and others to meet in Singapore.

Qu Li, Lu Qi, and Lin Bing flew to Singapore one after another. People with decision-making ability from both sides gathered together to start formal negotiations. If they could not reach an agreement this time, there would be basically no follow-up. Network information security and the influence of public opinion are originally It is something that great powers attach great importance to.

After some communication and testing, Qu Li came up with his very creative plan:

"We will package WeChat and Instagram, excluding WeChat and Xiaohongshu in Greater China, into an independent subsidiary, and then merge it with Yahoo. Before that, you have to divest the shares of Ali Baba and Yahoo Japan... "

WeChat is an instant messaging tool, but it is developing third-party payment functions to provide services for Shopee and Shopify; Instagram ads do not have Facebook user portraits, and the advertising value must be discounted. At this time, the capital market was full of imagination about these two apps, so Shijiangjumei’s share price exceeded 200 billion US dollars.

However, WeChat's instant messaging and Instagram's picture socialization are facing huge challenges from FB. The special effects functions for pictures and short videos are not yet perfect. Qu Li is seriously lacking in confidence as to whether they can achieve the same success as TikTok. What is the valuation of WeChat and Instagram after they are packaged? Judging from the price at which FB acquired WhatsApp, it can’t be less than $20 billion, right?

In other words, this is a backdoor listing of the WeChat and Instagram teams. Qu Li also wants to move the company's registration place from the United States to Singapore, and the board of directors and management will be controlled by people from Time Jumei. The biggest loss for Yahoo's board of directors and original shareholders is that they will lose control, but the stock assets will appreciate.

According to this logic, the value of Yahoo's remaining assets must first be determined, followed by the value of WeChat and Instagram, and then the composition of the board of directors to determine the future power structure.

Such conditions are absolutely impossible for Verizon to provide. The outside world's optimism about mobile Internet, WeChat and Instagram has made the market value of the two companies merged full of imagination. Representatives of Yahoo's major shareholders expressed strong opposition to this plan. Desire, this is giving money to them. If you don’t make money, you are a fool.

As for Yahoo's current CEO Mayer being abandoned because of this, it's no wonder Yahoo's shareholders have given them a chance. Anyway, they will do it in accordance with the law and the contract, and the compensation they should give will be sufficient.

The specific method of pricing the assets of the two companies must be determined by professional institutions. If the expectations of both parties can be met, cooperation is possible. Otherwise, the game will only be GG. Fortunately, the assets that the two parties want to merge are not listed on the market, so the pricing is not easily affected by the stock market, and the prices will be more accurate.

In just a few days, the two companies determined their intention to cooperate and hired a professional agency to promote this cooperation. In fact, they divided the cake and reduced the pressure on both parties from domestic and foreign countries.

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