Chapter 1129 We Are Not Bad Money (Please Subscribe!)

House seemingly endless rain.

It's not rain.

What a knife.

A company runs out of liquidity and also borrows to buy back its own shares. If the two appear alone, it is nothing. Almost all listed companies in the United States will buy back their own shares.

Only the purpose is different.

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

If the year-end performance hits, that's good news.

Obviously.

It is mid-year now.

This is a difficult rhythm for Yahoo to save lives. Therefore, the market is very strong and reacts to this news immediately. Many retail investors are ready to stop losses before the repurchase funds are exhausted.

And after it was revealed that the capital chain was exhausted.

One bad news after another came out again and again.

Yahoo is confused again,

"..."

It hurts. Yahoo's board of directors is so angry that they want to scold my mother, but they can't find a punching bag. Now, Yahoo's several strategic mistakes have become a marginal existence, and its name is worth a lot.

They are quickly calculating what assets they have to sell.

Ali just appeared in the field of vision.

Ali is not listed yet.

Market value is hard to estimate.

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

Yahoo owns 39 percent of Alibaba's shares.

All sold at a premium.

At least 3 billion US dollars, which is still a conservative estimate, but Yahoo cannot sell all the Alibaba shares in its hands, at most half of the Alibaba shares with a market value of 1.5 billion US dollars.

Compared to the original investment of billions of dollars.

Also made a lot of money.

And the buyer this time is Tang Qing.

A big rich man, they all want to 'knock a sum', so the premium they put forward is 100%, that is to say, Tang Qing wants to buy half of the shares in their hands, at least 3 billion US dollars.

"I don't think it's right." Yang Zhiyuan said at this time.

Others looked at him.

Cast a bad look.

Yang Zhiyuan is Chinese.

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

"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 grudge with Tang Qing?"

"Secondly, will Tang Qing agree to such a high premium? If he abandons the acquisition, the small cooperation may be in vain. 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 a crisis in Yahoo's stock, but whether the subsequent listing in Heung Kong will affect Ali's stock price, these are the real issues before us."

A few questions are thrown.

The meeting room fell silent.

"What do you think?"

Another Yahoo founder asked.

"We must first establish a consensus that the purpose of selling these shares is to obtain funds, at least so that Yahoo's operations will not have problems, and incidentally, to maximize the value of our investment."

"So, I think 50% is a reasonable premium level. If it's too much, Tang Qing doesn't agree. Who do we sell it to? Softbank is impossible. Ma Yun will not allow someone to independently control Ali's 100%. fifty or more shares.”

Yang Zhiyuan analyzed that how much Yahoo will cost to sell the shares, but who to sell to, Yahoo cannot unilaterally decide. Even if the island country Softbank wants to buy it, Ma Yun will definitely not be willing.

As soon as the words came out.

Many directors quit.

"Only a 50% premium? Too little, Tang Qing is so rich."

"Yes, at least ninety."

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

"..."

greedy.

It can make people lose their minds, Yang Zhiyuan sighed in his heart, the forest is big, and there are birds of all kinds, especially for such an Internet company with a complex shareholder structure, the quality of investors is really important.

one time financing.

Even if he is one of the two founders, he has less than 4% of the shares.

If you are not the founder.

I guess no one listened to him.

At this moment.

A major shareholder said.

"Mr. Yang is not wrong. If Tang Qing is introduced into the market, it will be a great benefit for Ali's listing. Now Tang Qing is the richest man in China. If he is not optimistic and competes with Ali, we may lose. bigger."

"Don't forget, Tang Qing is good at creating miracles. In the future, no one can tell, but there must be a place for him. As for Xiaoxiao, after you understand it, you will find that it is very powerful."

Yang Zhiyuan gave this major shareholder a thumbs up.

Finally got a brain to understand.

Short-term benefits.

long-term benefits.

balance of the two.

This is the core that Yang Zhiyuan wants to emphasize.

"Little one, what's so great about it?"

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

"This is the investigation report of Tianyan, you can take a look."

Yang Zhiyuan sent a document to the person who was doing it, which he had investigated several days ago, which included the business model and share of Tianyan Group in the world, as well as a small evaluation report.

ten minutes later.

read it.

They were silent.

Ali can do it.

Yahoo can do it too.

but.

People have become a climate now, making rapid progress in the international market, and Yahoo is following suit. It is too late. People are simply growing without stopping, and it is not their expertise.

As for Ali?

Is Ma Yun willing to fight with Tang Qing?

Will this solve Yahoo's current funding problem?

the answer is negative.

"Xiaoxiao, it is estimated that in Ma Yun's opinion, it is the same as Qingyuan Technology, which has not announced 'Epoch Times'. Once it is released, it will be broken and the market will be reshuffled. Therefore, I am very optimistic about this cooperation." The independent shareholder admitted frankly. .

"You said, how about we exchange Ali's shares for Qingyuan Technology's shares?" One person asked.

Then.

Others were moved.

But most people looked at him like an idiot, Qingyuan Technology? Let's not talk about the future prospects of this company, let's say that you have changed shares. How to solve Yahoo's current financial problems?

do you give money?

therefore.

This proposal is not directly meaningful for discussion.

at this time.

Yahoo's shares are also displayed on the wall in real time. Looking at the dazzling red line, they feel 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.

today.

Possibly the biggest one-day drop since Yahoo went public, and looking at the number of shares outstanding, they expect the decline will stop soon, because. . . The shares they repurchased were not sold.

That is to say.

They will soon be the last takers.

therefore.

It can't fall short in a short time, but don't even think about rising.

"I agreed to sell half of Yahoo's shares of Ali, but at a premium of 60%, which is our bottom line." Finally, after another founder weighed, Yahoo's board passed the resolution.

. . .

The news is sent back to the country.

Ma Yun personally called Tang Qing.

this price.

Tang Qing didn't reply. Twenty percent of the shares was still a bit small. However, with the exchange of shares between Ali and Xiaoxiao, after this time, he should be able to control about 30% of Ali's shares.

As for the remaining Alibaba shares in the hands of Yahoo and Softbank.

Tang Qing was not in a hurry.

next year.

In the financial crisis, he will let the two parties spit out some more, especially Yahoo, who has now become a pick-up man of his own stocks. With his money, it can be maintained until next year, but that's all.

after next year.

Yahoo.

It is estimated that he is going to file for bankruptcy. For Tang Qing, there is actually another choice, that is, not to cooperate now, and wait until next year Ali's stock price plummets before starting, but he still did not choose to do so.

Just a little money.

What are you doing so complicated.

We are not bad for money.