Chapter 1902 Chief Yang's Efforts
The night outside the window was bright and quiet. Logically, this should be a moment of peace and tranquility, but Chief Yang, who was sitting in the office, was so annoyed that he could not speak when looking at the information collected in front of him.
The call from Masayoshi Son immediately made him pay attention to the Chinese Internet company that he should have heard of several times but had not come into contact with before.
Although the information presented in front of him now confirmed his judgment, it can be confirmed that Mr. Sun, who had to invest in him and told him, "We are friends for life", gave this opinion for the reason that at least part of it was not for the development of Yahoo China.
However, the company he mentioned does look like a very good choice.
This can be seen from the fact that it has been developing better and better despite the heavy investment of eBay.
This can be seen from the attention and support that Feng Yiping and his company have given to this company and its founder, Jack Ma.
Everyone knows that he is also very clear about how accurate the vision of Feng Yiping, a mainland comrade who is so young that he is jealous of him, is.
It is conceivable that the company that he and his company are so concerned about must be a company with great prospects and money.
This is also the main reason for Chief Yang's irritability: he finally found a company that looks absolutely good, but the problem is that this company has obviously been spotted by someone in advance, and it seems that they are in love with each other.
What is more urgent is that according to reliable gossip, they should merge into one in the near future.
If it were in other circumstances, this would not be a problem. Although it is no longer as glorious as before the Internet bubble, Yahoo is still the top rich and handsome in the global Internet field. With this point, it is not the first time that he has done the thing of stealing someone's love.
If a third party intervenes in this matter, if it does not do well, it is called a mistress, and if it succeeds, it is called true love, and it is called a heaven-sent marriage.
However, this time, let alone stealing someone's love, it seems difficult to be willing to put down your status and be a mistress.
Because it is Feng Yiping and his company who are interested in Jack Ma's Alibaba.
Yahoo's current market value is slightly higher than Feng Yiping's company, but this is when his company in the United States is not listed, or he is unwilling to let his company go public.
Take his NEXTDOOR for example. Many investment experts have analyzed that many business segments under NEXTDOOR are already unicorn-level companies individually.
But it seems that he still has no plan to split NEXTDOOR or list it as a whole.
If he lists all his companies, it is hard to say whether it will exceed Yahoo's market value.
As for fame, at this time last year, Yahoo's fame in the world was indeed much louder than Feng Yiping's company, but now, with the launch of Facebook and YouTube, and their massive fan base around the world, his company is now unparalleled.
In terms of popularity, it is hard to say whether it will surpass Yahoo, which he founded, but if it is said to be on par, then no one will object.
The strength is not bad, and the popularity is similar. The only irreversible advantage that Yahoo currently has is history.
Yahoo is a company founded in the last century, a company that led the Internet era.
But Chief Yang is not sure whether this advantage can increase the attractiveness to Alibaba.
History is sometimes a double-edged sword, and it seems to be even more so in the Internet field, which is closely related to the cruel theorem of Moore's Law that a cycle lasts 18 to 24 months, because the word history can also be interpreted in another way: outdated.
So roughly speaking, in general, his Yahoo and Feng Yiping's Forex should be on par.
But this does not mean that Yahoo and Forex are equally attractive to Alibaba. Compared with Yahoo, Forex also has an irreversible advantage, that is, it and Alibaba already have a very solid emotional foundation.
In Alibaba's most difficult time, it did not hesitate to offend eBay and provided Alibaba with all-round support, which can definitely be said to be a timely help.
Therefore, under such circumstances, it is obviously not easy for Yahoo, which has similar comprehensive strength to Forex, to successfully intervene between Forex and Alibaba and to successfully win the favor of Alibaba.
Feeling that he could not see clearly in front of him, Chief Yang took off his glasses and prepared to wipe them, but felt a little dizzy.
He suddenly laughed. The biggest problem was not that there was dust on his glasses, but that since the company was founded, the entire company seemed to have been blinded when deciding on previous mergers and acquisitions.
In the American business community, mergers and acquisitions are commonplace.
Sometimes, even if the company itself has no intention of mergers and acquisitions, there will be relevant institutions, such as Wall Street, to promote your mergers and acquisitions of other companies.
Since its establishment, Yahoo has carried out many mergers and acquisitions, but most of them have failed, and not a small failure, but a big failure.
But in fact, Yahoo has a very clear and definitely correct acquisition strategy.
There are three main types of companies acquired by Yahoo.
The first type is that the company has technology that Yahoo does not have and can technically supplement Yahoo; the second type is that it supplements Yahoo geographically, such as areas where Yahoo has no business in the past; and the third type is the supplement of top talents.
However, having a correct strategy does not necessarily mean that the results will be correct.
Looking back on the past, Chief Yang himself feels that at least two mergers and acquisitions are very likely to become two of the most failed mergers and acquisitions in the history of the Internet for a period of time.
That was in 1999, when the company's stock price soared from US$33 on the first day of listing in 1996 to US$500. It was also the year when the company was at its peak. Two acquisitions were made: the price was US$5.7 billion. Internet video website Broadcast.com; acquired early social networking site GeoCities for $3.56 billion.
Looking at it now, the biggest result of the $5.7 billion acquisition of Broadcast.com is that its founder, Mark Cuban, became a billionaire, thus giving the NBA one more headache. boss.
After selling Broadcast, Mark Cuban first bought a mansion of more than 2,000 square meters, and then bought the Mavericks, an NBA team in his hometown of Dallas.
As for GeoCities, which had high hopes at the beginning, after being acquired by the company, it has not completed the reform and has been unable to sustain itself.
Chief Yang couldn't help but wipe his eyes. Really, thinking about it, they were all tears.
There were some things that he originally didn't want to think about, but today, he couldn't help but think about them because the two projects he had suffered huge losses from, video websites and social networking websites, were the two fields that now allowed Feng Yiping to firmly move towards success. .
The most painful thing in life is probably this!
Chief Yang couldn't help but think about the figure that he subconsciously didn't want to think about. It was US$9.26 billion, which was nearly US$10 billion at the end of the last century!
He took his hands off his eyes. The place that needed soothing now was his heart.
Well, now that we have thought of this, there is another thing that Chief Yang regrets very much.
At the beginning, he could acquire Google's key technologies as long as he paid $1 million, but he didn't.
Not only did they not, but they also asked Google to provide search services for their own websites when Google was just starting out...
Of course, from another perspective, these actions of mine are also successful, warm, and full of positive energy. Because of my mistakes and selfless help, I have successfully built a company that is now known as "the great one". "Internet company.
Feng Yiping invested in this great Internet company. His US$100 million back then has now become more than US$7 billion.
Thinking of this, Chief Yang could no longer sit still.
These bloody lessons, one after another, fully explained himself... Let's not talk about himself first, they fully explained the viciousness and precision of Feng Yiping's vision.
He always enters a promising field at the most opportune time, as if by divine help.
What he did definitely shows that Alibaba is definitely a company worth investing in, and China's e-commerce market is now a good time for development.
Thinking of this, Chief Yang felt that he really couldn't wait any longer.
Because of Yahoo China, it seems that there will be no better opportunities than this.
When it comes to mergers and acquisitions in China, I estimate that I will not miss another opportunity again.
He took off his glasses again and breathed a sigh of relief.
Thinking about this makes me burst into tears.
As early as 2002, Yahoo took a fancy to a small company that had only been established for two years, and went to negotiate an acquisition with sacks of US dollars - a total of 40 million.
In China in 2002, in China's Internet field in 2002, that was definitely a huge sum of money.
At that time, that company did not have a mature and stable business model. It mainly provided third-party search services to Chinese portal websites. From business to capital chain, it can be said that it was very fragile.
The result of that time was that the other creative team rejected Yahoo's acquisition with various feelings and dreams.
But Chief Yang now thinks that if he had not treated them with contempt back then, had taken them a little more seriously, been more generous in his dealings, and had received a few more sacks of US dollars, such as an extra 10 million, then these 10 million would probably have been an increase. The last straw that broke the camel’s back for that startup.
Or simply give them 7 friends, with an average of 10 million US dollars per person. Chief Yang believes that that will be enough to buy all their feelings and dreams.
Because later, I contacted that company again and they gave a new offer of US$150 million.
It could have been possible, but since the 3721 offer was only $120 million, they decided to save the $30 million that was not too precious, or insignificant to Yahoo.
Then, the current result is that after the 3721 team has fully joined Yahoo China, from my own point of view, Yahoo China's development is still not ideal. Otherwise, there is no need to worry about acquiring Chinese Internet companies.
The company I missed has been confirmed to be listed on Nasdaq this year, and it is believed that its market value will be at least US$1 billion.
A market value of US$1 billion is not a big deal. The key is that it has successfully occupied the vast majority of China’s search market.
Not only that, if I had decided to spend the extra 30 million US dollars, now I would not only have a search company that dominates the Chinese market, but also one of the best professional managers, Robin Li.
Thinking of this, Chief Yang immediately picked up the phone. He decided to ignore everything and not discuss with the board of directors or his co-founder David.
Regardless of whether I took the initiative to call the other party with an intention to acquire him late at night, it would easily let the other party know that I valued him... and it would also make Feng Yiping, who had a good relationship with me, have opinions about me... ..., it is also very likely that the other party will simply dismiss your proposal, causing you to lose face...
In short, Chief Yang decided to put all this behind him and call over there now.
I have missed so much, including Robin Lee and his company in China. This time, I cannot miss Jack Ma and his company no matter what.
If you missed Robin Li, it can also be said that it was not that you suddenly became stingy at a certain moment, but that you did not see the future development of Robin and his company clearly enough. So, this time, because it is equivalent to having Feng Yiping as your Guaranteed, the future development of the target company this time will be promising and will definitely exceed my imagination.
Chief Yang immediately called Lao Ma's mobile phone number in the information. He looked at it and found that at this time, it was the afternoon before get off work over there.
A beeping sound rang out. Although the other party was just a moderately powerful founder of an Internet company, whether in terms of wealth, status or identity, at least at this moment, he was far from me, Chief Yang, the godfather of the Internet industry, At this time, I was still a little nervous.
One beep, two beeps, three beeps, um, why don't you answer the phone?
Four, five, and then the sixth, is he busy?
Finally, when the ninth beep reached, the call button was pressed...