Chapter 1126

The house leaks every night.

It's not rain.

Is it special? It's a knife.

If a company runs out of working capital and borrows money to buy back its own shares, it's nothing. Almost all the listed companies in the United States will buy back their own shares.

It's just for different purposes.

If the stock price stabilizes, that's bad news.

If the year-end results, that is good news.

Obviously.

It's the middle of the year.

YAHOO is the rhythm of hard life. So the market is awesome and immediately responds to the news. Many retail investors are prepared to stop before the buyback fund runs out.

And after it was revealed that the capital chain dried up.

One bad news after another came out frequently.

Yahoo! Has been confused again,

"

Good pain, Yahoo board of Directors now angry want to curse, but can't find a vent, now, Yahoo's several strategic mistakes, has become the existence of marginalization, also the name is worth some money.

They're fast checking what assets they have to sell.

Ali was just in sight.

Ali is not listed yet.

The market value is hard to estimate.

However, according to the amount of financing several times, plus Alibaba's industry status and future prospects, the valuation given by relevant departments of Yahoo is about $7 billion, which is a more reasonable valuation.

Yahoo owns 39% of Ali.

If it's all sold at a premium.

It will cost at least $3 billion, which is still a conservative estimate. However, it is impossible for Yahoo to sell all of its Alibaba shares. At most, it can sell half of its Alibaba shares with a market value of $1.5 billion.

Compared to the billion dollars invested.

Also made a lot of money.

And the buyer this time is Tang Qing.

As a rich man, they all want to make a big contribution. Therefore, the premium they put forward is 100%. That is to say, if Tang Qing wants to buy half of their shares, he has to pay at least US $3 billion.

"I don't think so." Yang Zhiyuan made a sound at this time.

The others looked at him.

Cast a bad look.

Yang Zhiyuan is a Chinese.

They think that this is speaking for Tang Qing, and Yang Zhiyuan gives an explanation calmly.

"First of all, we need to be clear about 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 grudge with Tang Qing? "

"Secondly, with such a high premium, will Tang Qing agree? If he gives up the acquisition, the small cooperation may also fail. In that case, as Ma Yun said, we may miss an opportunity."

"Finally, and most importantly, if this transaction fails, it will not only be the crisis of Yahoo stock. Whether the next listing in Xiangjiang will affect Ali's share price is a realistic problem in front of us."

A few questions are thrown out.

The meeting room quieted down.

"What do you think?"

Another founder of Yahoo asked.

"We need to establish a consensus first. The purpose of selling these shares is to obtain funds, at least let Yahoo's operation not have problems, and by the way, let our investment increase as much as possible."

"So, I think 50% is a reasonable premium. If it's too much, Tang Qing doesn't agree. Who can we sell it to? Softbank is impossible. Ma Yun will not allow someone to control more than 50% of Ali's shares independently. "

Yang Zhiyuan analysis, sell shares, how much Yahoo can decide, but sell who, Yahoo can't unilaterally decide, even if the island Softbank want to buy, Ma Yun certainly won't want to.

That's what I said.

Many directors quit.

"Only 50%? It's too little. He's so rich. "

"Yes, at least ninety."

"Yes, I don't think two hundred is much."

“。。。”

Greed.

It can make people lose their senses. Yang Zhiyuan sighs from the bottom of his heart that when the forest is big, there are all kinds of birds. Especially for this kind of Internet company with complex shareholder structure, the quality of investors is really important.

Financing again and again.

As one of the two founders, he has less than 4% of the shares.

If it wasn't for being the founder.

I don't think anyone's listening.

At this time.

One big shareholder said.

"What Mr. Yang said is right. If Tang Qing is introduced, it will be a great benefit to Alibaba's listing. Now Tang Qing is the richest man in China. If he says that he is not optimistic about it and still competes with Alibaba, we may lose more."

"Don't forget that Tang Qing is good at creating miracles. No one can say for sure about the future, but there must be a place for him. As for Xiaoxiao, you will find that it's very powerful. "Yang Zhiyuan praised the big shareholder in his heart.

Finally, there's a brain that understands.

Short term benefits.

Long term benefits.

There is a trade-off between the two.

This is the core that Yang Zhiyuan wants to emphasize.

"Xiaoxiao, what's so powerful?"

"It's just a small software. Ali can do it, and so can we."

"This is the investigation report of Tianyan. Look at it."

Yang Zhiyuan sent a document to the people who are doing it. This is a document he investigated many days ago. It contains the business model and share of Tianyan group in the world, as well as a small evaluation report.

Ten minutes later.

That's it.

They were silent.

Ali can do it.

Yahoo can do it, too.

But.

Now that they have become the climate, they have made great progress in the international market, and Yahoo has no time to follow them. They just keep growing, and they are not their specialty.

As for Ali?

Is Ma Yun willing to fight with Tang Qing?

Can this solve the financial problem of Yahoo now?

The answer is No.

"Xiaoxiao, it is estimated that in Ma Yun's opinion, just like Qingyuan technology, which has not yet announced the" era ", once it is released, it will be a collapse and market reshuffle. Therefore, I am very optimistic about this cooperation." The independent shareholder said frankly.

"You say, how about we exchange Alibaba's shares for Qingyuan's shares?" One person brought it up.

Then.

There's someone else.

But most people look at him like idiots, Qingyuan technology? Let's not talk about the future prospects of this company, just say that you have changed shares. How to solve Yahoo's current financial problems?

Do you give money?

So.

This proposal has no direct significance for discussion.

At this point.

The shares of Yahoo are also displayed on the wall in real time. Looking at such green lines, they are distressed. In just two months, the market value has evaporated 20 billion US dollars, which can be said to be painful to the bottom of their hearts.

Today.

It is possible to set the biggest one-day decline after the listing of Yahoo! And look at the number of circulating shares, they expect that the decline will stop soon, because... The shares they bought back were not sold.

That is to say.

They will soon be the last takers.

So.

In a short time, you can't fall short, but don't want to rise.

"I agree to sell half of Yahoo's shares in Ali, but we have to pay a premium of 60%, which is our bottom line." In the end, after another founder weighed in, the Yahoo board passed the resolution.

。。。

The news went home.

Ma Yun calls Tang Qing in person.

That's the price.

Tang Qing didn't return either. 20% of the shares are still a little small. However, with the share swap between Ali and Xiaoxiao, after this time, we should be able to control about 30% of Ali's shares.

As for the remaining Alibaba shares in Yahoo and Softbank.

Tang Qing is not in a hurry.

Next year.

In the financial crisis, he will make the two sides spit out some more, especially Yahoo. Now it has become the successor of its own stock. With his money, it can last until next year, but that's all.

After next year.

Yahoo.

It is estimated that he will file for bankruptcy. For Tang Qing, there is another choice, that is, not to cooperate now, and wait until Ali's share price plummets next year. However, he did not choose to do so in the end.

Just a little money.

What are you doing with all this complexity.

We don't need money.