Chapter 914 No One Is a Saint
Yahoo's board of directors is more dignified this time.
However, 6 billion US dollars is not a problem, this is still a very good deal, and it was approved unanimously after almost no discussion, just doit!
However, for the sake of negotiation, Terry Semel came to Google again, three days later.
When he saw that it was Brin who came forward to receive them this time, he was mixed with joy and sorrow.
The good news is that the co-founder is on the stage. Will it pass smoothly this time?
What is worrying is that another person has been changed, so the price will not be raised again!
Seeing the Yahoo team, Brin looked very happy and hugged Terry very warmly, "It's nice to meet you, Mr. Terry, really happy, you know, since we started our business, I have been looking forward to the cooperation with Yahoo.”
Maybe it's because I worry too much, it should be smoother? Look at Brin's enthusiasm that is not fake, Terry Semeier thought.
However, without saying a few words, Yahoo unfortunately proved Murphy's Law once again, "I'm sorry Mr. Terry," Brin said with a very apologetic and quite sad expression, "After several urgent consultations and After repeated discussions, our board of directors felt that US$10 billion was the most appropriate price,”
Looking at the frowning Terry Semel and the dumbfounded Yahoo team, Brin shouted with joy in his heart, and felt that the whole person felt much more relaxed from the inside out.
Terry Semel stood up angrily, "I don't feel the sincerity of Google at all,"
"We are really sincere, and you must know that," Brin said again sincerely.
Extreme things will be reversed, pretending to the extreme, it is really the same as the real thing.
…………
This time, Yahoo's board of directors really had a meeting for several days. There were two main points of contention. First, was Google really sincere? Second, is Google worth the price?
Terry Semeier, as the sponsor, firmly believes that he should continue to talk to Google.
"Whether Google is worth the price or not, this should not be a problem. When we decided to start this plan, we determined the psychological price of 10 billion US dollars,"
"As for whether he is really sincere, I think that as long as there is a little bit of hope, we should make 100% efforts. Facts have proved that our prediction of future trends is completely correct,"
"Our mission at Yahoo is to always help people obtain the most desired information in the most convenient way. To achieve this goal, there are three conditions. First, comprehensive: the information is very rich; Useful information; third, brand: let Internet users all over the world know about Yahoo!"
"These are very correct predictions, but we are biased in the choice of the road, focusing too much on manual content, while ignoring technology-driven content,"
"The result now is that we have more and more content, but it is still not as good as technology-driven content,"
At the beginning, Yahoo was not actually a portal website, but a content search website in essence, and the pages were more similar to the later professional search websites.
But along the way, Yahoo felt that relying on search meant that "the content still belonged to others." If it wanted to always be the leader, it had to master the content itself, so it made a big move and turned to portals and media companies.
Originally, this is not a problem. If both content and search are grasped, and both hands are strong, Yahoo should always maintain its dominant position as an Internet company.
The problem is that when Yahoo decided to turn to content, they basically gave up on further research and development of search technology, and then gave up this piece altogether.
At the least, there were only 6 employees in Yahoo's search business!
Now that they have finally realized this problem, the best way is naturally to acquire the existing search companies. Among the current search companies, Google, which is the top company in the search field, is naturally the best of Yahoo! Acquisition object.
The boss of a company in the Internet field is so generous, and if he wants to acquire, he is also the strongest in acquisition.
"After so many years of hard work, we have been ahead of all Internet companies in terms of content. What we lack now is how to let users quickly find what they need from our content, that is, search technology , I have to admit that Google is now the most successful company in this field,"
"From the perspective of the company's strategic development, I hope that our most content can match the best search company, so that we can better leverage our advantages,"
"Of course, we don't have other alternatives, but if we want other companies to be as helpful as Google to us, we must acquire at least two companies, and we may spend less money on acquisitions. Some, but again integration is a big problem,"
"We have also cooperated with Google for a long time and know this company very well. To be fair, this is a promising company. Their team is also a very excellent team. Even from the perspective of investment, I also I feel that if you can invest in Google, it is also a very good choice,”
"In summary, shareholders, I remain committed to the acquisition of Google," Terry Semel concluded his statement.
Looking at the shareholders who were arguing, he insisted that his decision must be very correct, and it was a decision that was very beneficial to Yahoo.
What he is worried about now is whether Google has the sincerity to be acquired?
In fact, he probably had a judgment in his mind. It can be seen from the quotation that the first time was 3 billion, the second time was 6 billion, and this time it was 10 billion. This style is not in harmony with Google's always rigorous style. .
Next time they go, will they increase the price significantly again?
However, just like what he said just now, as long as there is a 1% possibility, it is worth 100% effort. What if an agreement is reached?
…………
Although what Terry Semel said is very reasonable, it is not a trivial matter to acquire a company at a price close to one-third of Yahoo's current market value. If such a decision is really to be made, shareholder approval is only the first step. There is too much work to do in the follow-up, for example, how to pay?
The current Yahoo, of course, does not have so much cash, so it must be cash plus equity. Therefore, the design of the payment plan is a very laborious task.
Therefore, Yahoo did not reply to Google after a long time interval this time.
It doesn't matter that Yahoo is busy, Page, who has not yet appeared, became nervous, "Is our last offer too high?"
This was already the third time he asked Feng Yiping this question. It turned out that a guy with a firm mind like him also had such unsteady moments.
"Don't worry, it's definitely not," Feng Yiping comforted him, "We are definitely worth the price now. What they are worried about should be the 10 billion. Is it our last offer?"
But Page listened, still not very sure.
So, when Terry Semel came to Google for the fourth time, he felt very sincere enthusiasm for the first time. Page, who can be called a well-dressed page, saw them finally appearing, really like See loved ones like.
Could it be that it's really all right this time?
"Page, this is the payment plan we have formulated based on your company's final quotation. For this acquisition, we have decided to pay part of the cash and the other part with Yahoo stock. We hope to get feedback as soon as possible. "
Terry Semel hopefully handed the prepared payment plan to Page. For this plan, the relevant departments of the company have been working overtime recently.
However, Page's actions made his heart sink. After Page took over the plan that had condensed a lot of his hard work, he placed it on the conference table at will, without even the willingness to open it to have a look.
Looking at the absolutely heartfelt smile on Page's face, he was still talking, Terry Semel's heart sank step by step, such an expression, such a routine, he is not See you for the first time.
The depression and injustice that had been suppressed in his heart for many years finally had a chance to express it. Page was singing with joy in his heart. He was so excited that he stuttered, "I'm very sorry...,"
Terry Semel watched Page's mouth constantly open and close, his head was buzzing, and he could only vaguely hear the last number, "130,"
At this time, how could he still not understand the situation?
He stood up with a livid face, "Let's go!"
Seeing the executives of Yahoo, who he had begged and even prayed for many times, walked out of the meeting room in despair, sat lightly on the chair and turned around, and Page, who looked up at the roof, first smiled, and then looked very strange. lonely.
Brin walked in and patted him on the shoulder, "It's over dude,"
"Yes, it's all over," he wiped the corners of his eyes, "but why do I feel a little empty?"
For Yahoo, which they have dismissed many times, several door-to-door offers for acquisitions are a greater affirmation than a successful listing for the two of them.
After finally removing the shadows that had been in his heart for many years, after finally thoroughly washing away the humiliation of the past, big and small, just like after finally unloading the burden, he was so relaxed that he felt a little empty.
"How? Think about the work we're going to do and the future we're going to create," Brin said.
"Yes," Paige stood up and returned to his usual appearance, feeling a little shy, "I'm sorry,"
"Thank you Schmidt, thank you Feng, thank you for your cooperation,"
Feng Yiping can fully understand their feelings. This is not just the joy and elation of the weak who finally succeeded in counterattacking. There are many complicated emotions mixed in it.
"Okay buddy," Feng Yiping patted him on the shoulder, "In the future, no one can stop our pace of development and rise,"
For Page and Brin's plan this time, although he is already in his 30s, he does not advocate it, but he can understand it.
From a human point of view, no one is a saint, and everyone has their own emotions.
This is especially true for a company that is a carrier of interests. The great or outstanding companies that have been promoted to the altar, whether Microsoft, Cisco, Yahoo..., or Google later, are even more so. Possibly a saint.
In the process of their rapid development, there are many dark histories, which must have been directly or indirectly, intentionally or unintentionally, brought many times more than 10,000 points of damage to many individuals and companies, but they, for Turn a blind eye to this.
Moreover, it is also difficult for the public to pay attention to these. They will only welcome these successful individuals and companies with cheers and applause.
To be fair, the recent willful actions of Page and Brin will not actually cause substantial harm to Yahoo.
ps: Dear friends, today is a happy weekend, don't be so miserable!