Chapter 2064 Splitting and Selling
Since YAHOO was completely delisted and privatized by Xiao Qi, people have always wondered what the next step for YAHOO, the former Internet pioneer, will be.
Most people feel that YAHOO's problems have been accumulated for a long time, and there is no way to revive it by relying on Xiao Qi.
This kind of speculation didn't clear up the fog until Xiao Qi re-appointed a new president on November 16th, that is, after returning to Rongcheng.
The president appointed by Xiao Qi is named Kang Deyue, 58 years old, one of the most famous professional managers on Wall Street.
Kan Deyo also has a nickname, called "Splitting Expert".
That is to say, he is best at splitting the assets of a company, leaving with the best assets, and leaving a mess in the end, thereby destroying the company.
As soon as the news came out, it immediately caused an uproar.
What does Xiao Qi want?
Do you want to completely bring down YAHOO?
Take the best resources of YAHOO, and then lay off more than 10,000 employees of YAHOO?
How cruel is this?
Immediately, many people, including those who were originally dissatisfied with Xiao Qi, immediately jumped out and yelled.
"What's wrong with the U.S. government? Xiao Qi is obviously allowed to do such things that violate business ethics?"
"YAHOO is the pride of the United States. Xiao Qi cannot be allowed to take away the good assets of YAHOO and leave the empty shell to the United States! At the same time, there are thousands of jobs, what should we do?"
"The Ministry of Commerce should stand up! Although Xiao Qi wholly owns YAHOO, the American spirit should not be like this!"
"Look, this is how the people of Huaguo devoured our crystallization of wisdom step by step!"
"Xiao Qi is too cruel and merciless, we can't let him continue to be so arrogant!"
"..."
But Kang Deyue, the new president of YAHOO, didn't think so, and he accepted the interview immediately.
"Hehe, I am speechless to these people. First, YAHOO is Mr. Xiao Qi's company, and it is a wholly-owned company. How to deal with YAHOO's assets is Mr. Xiao Qi's own business! Do I deal with my belongings. You need to agree? Is this the American spirit?
Second, everyone knows the current situation of YAHOO. Very serious! If drastic reforms are not carried out, I am afraid that more than 10,000 people will lose their jobs in the end! We are just discussing the future now, and we have not said that we will lay off all employees, but you have helped us make a decision, what a worry!
Third, I once again solemnly declare that Mr. Xiao Qi entrusted me. They are all in line with the law and business ethics. Whoever dares to insult us will be sued in court! "
Kan Deyue's attitude is very tough, but not many people believe his righteous words.
Because Kan Deyue has done at least 20 split-up companies in his career, YAHOO is in the rhythm of being split up no matter how you look at it!
In fact, it is true in fact.
Xiao Qi's task for Kant is to deprive Xiao Qi of Yahoo's excellent assets that Xiao Qi needs. Then let's see who wants the remaining assets of YAHOO. If not, then continue to split and take all the patents and good investments in their hands. Completely log out of YAHOO.
Then more than 10,000 employees of YAHOO around the world directly declared unemployment.
Ok.
In Conde about looks. Xiao Qi is really too ruthless.
If Xiao Qi hadn't offered him a reward of 50 million US dollars, he would never have come to do such a thing, it's too offensive!
But Franklin's power is infinite, especially when there are 500,000 Franklins, then let Kan Deyue directly give up his conscience in his heart and agree.
In the next few days, Kan Deyue could be said to be in the limelight, appearing in the news anytime and anywhere.
For a while, he said that he was going to sell Spain's YAHOO to a European investment company, and for a while, he said that he was urgently communicating with Oracle. I hope that Ellison, a good friend of Xiao Qi, can buy the assets of YAHOO, and some people even take pictures. He also met with a certain consortium company in Japan, probably to discuss business matters.
Although Xiao Qi did not pay a penny less in salary, the YAHOO employees were panicked because of this, and almost all jobs were paralyzed.
Employees kept holding up signs at the gate of the company headquarters, begging Xiao Qi not to lay off staff, not to shut down Yahoo.
But they didn't know that even if Xiao Qi didn't lay off employees, they would still drastically lay off employees when they met such an indifferent female president, and then continued to sell the company's assets to support YAHOO.
Xiao Qi has no feelings for YAHOO at all, and after getting the shares of Alibaba and Japan's YAHOO that he wants, he is ready to sell the rest of YAHOO and leave.
The rest of YAHOO actually still has good assets, such as portal websites in various countries, which have a certain influence.
There is also YAHOO's search engine, which is also very good.
In addition, there is also online advertising of YAHOO, and because of the large number of portal sites covering many areas, the proportion of total revenue in online advertising is very high, second only to GOOGLE.
The above aspects are the important reasons why Microsoft values YAHOO, and according to Kant's running around in the past few days, it is actually found that GOOGLE also has a lot of interest in YAHOO.
However, while they are interested, the prices they offer are not high.
Seeing that Xiao Qi deprived two assets, especially the well-run Japanese YAHOO assets, Microsoft gave 8 billion US dollars, and GOOGLE gave even lower, only 6.8 billion US dollars.
Xiao Qi bought YAHOO with a total of 20 billion U.S. dollars. Considering that 40% of Alibaba’s shares will be worth 80 billion yuan in the future, in fact, this alone is enough for Xiao Qi to make a fortune, let alone Sun Zhenyi is planning to spend 6 billion yuan to buy YAHOO. NTT shares in exchange for 35% of Japan's YAHOO shares.
So in fact, at this price, Xiao Qi can sell it, but the young man can't understand Microsoft and Google's intention to take advantage of the fire.
After all, at this stage, the two assets that Xiao Qi divested are not the most important. In fact, YAHOO's plummet has already fallen below its net worth. The current value of YAHOO is at least 10 billion US dollars.
In my previous life, in 2009, YAHOO's market value almost bottomed out and rebounded to 20 billion US dollars. At that time, Alibaba and Japan's YAHOO also did not show their edge.
So Xiao Qi asked Kang Deyue to continue the conversation. Anyway, there are many rich people in Europe, America and Japan. With such a big brand like YAHOO, there will always be people who are interested. Anyway, Xiao Qi is not in a hurry.
Even if the operation is at a loss during this period, it will cost more than 10 billion US dollars. Otherwise, Xiao Qi will sell things or shares in the future, and everyone will scramble to bargain. Can he still do business in the United States?
Of course, the sale of YAHOO is not a one-off thing. After all, it is still during the financial crisis, and everyone's investment has become much more cautious.
Xiao Qi estimated that the negotiation could be concluded before March 2009, which would be considered good.
Therefore, a few days after hiring Kang Deyue, Xiao Qi also hired another firefighting expert, that is the famous Chen Shouzong.
The first time he appeared in Xiao Qi's sight was Xiao Qi's reincarnation and rebirth in November 2013. BlackBerry, which was in deep trouble, announced that it would hire Chen Shouzong as their president at the cost of 80 million US dollars in cash and stock options. Looking forward to the famous fire experts to help BlackBerry regain hope.
Then Xiao Qi went to find out why BlackBerry placed its hopes on this Chinese man.
Chen Shouzong is a native of Hong Kong. He came to the United States to study at university. He graduated from Caltech with a master's degree and worked in many high-tech companies.
He has been the chairman of Sybase Software Corporation since 1998. As a result, every time a company is in a state of bankruptcy, someone will ask him to come to the rescue. With his strong strength, he has repeatedly brought these companies back to life , That's why BlackBerry paid such a big price in 2013, please go back and help him as the last straw.
Since even BlackBerry can trust him, and he has so much successful experience in the electronic software industry, there is no problem at all for Chen Shouzong to sort out Yahoo's assets and operate normally for a few months.
Faced with Xiao Qi's invitation to call in person, Chen Shouzong, who happened to have nothing to do recently, agreed after thinking for a day.
Not only because Xiao Qi personally invited him, not only because Xiao Qi gave him a super high salary of 30 million US dollars for half a year, but also because of the reputation and challenge of "being entrusted by Fairy Company to solve difficult problems", he was very willing to try Bundle.
Now YAHOO is like this, the higher the price YAHOO is sold, the stronger Chen Shouzong's ability is, this is the best challenge to make himself famous in the world!
Originally, the American media was making a lot of noise, but when they saw that Chen Shouzong was appointed as the chief operating officer, they started to mutter in confusion.
On the one hand, there is Kang Deyue, an expert in splitting, and on the other hand, Chen Shouzong, an expert in firefighting. Such a combination is really a bit strange.
The only explanation should be that Xiao Qi saw that YAHOO was really not easy to sell, so he asked Chen Shouzong to sort out YAHOO, and then make a move after taking care of it.
However, a dilapidated YAHOO and a YAHOO that has improved have a different status in the hearts of Americans.
Selling YAHOO, whose situation has improved, can at least ensure that the YAHOO brand is still there, and the employees will not be greatly laid off, and the pride of the Americans will not be hit.
It seems that this is an acceptable plan? (to be continued ~^~)