Chapter 720: Top

It is easy to become addicted to investing in stocks.

When a business reaches Suri's scale, the ultimate experience is more exciting than going to Las Vegas.

As soon as he discovered that there was room for speculation in Yahoo, with potential profits of tens of billions of dollars, he immediately jumped in, mobilizing various resources and collecting relevant information in a low-key manner.

From the list of Yahoo's shareholders and executives to the company's financial reports in recent years, as well as countless overt and covert information, they were gathered in Suri's hands. The number of documents was so many that it made his head hurt, but he enjoyed it.

The evening after meeting with Yahoo’s new CEO, Ms. Marissa Mayer.

Suri was looking through detailed information about Yahoo's board members when Amanda knocked on the door and entered the hotel room, reporting:

"Several real estate developers and real estate agents came today. I know you don't want to see them for the time being, so I just asked them to leave their information."

"It seems like you're really holding yourself back. It's rare to see you do something so seriously."

"If Yahoo is acquired by you, the land and office buildings it holds will also be transferred to you, so there is no need to purchase additional land."

At this moment.

Suri was sitting cross-legged on the floor, with the coffee table in front of him piled with documents.

He reached out and pinched his eyebrows, took a sip of coffee, spit it into the trash can, and then said:

"Iced coffee tastes good, hot coffee tastes good too, only lukewarm coffee makes me feel like I'm drinking Chinese medicine."

"You're right. I'm really frustrated. Do you know how difficult it is to find a good project with the current situation? Whatever you do will affect the interests of others. These enemies are not easy to deal with."

"Yahoo is different. Yahoo has been listed for more than ten years, and no one cares about it anymore. It has become an existence that grandma does not love and uncles do not love. In the past two years, several major shareholders have successively reduced their holdings, and it has almost become a junk asset with no appreciation potential. ”

"Some retail investors may think that the new CEO Marissa Mayer can bring some innovation to it, but the people on Wall Street are so smart that they have already realized that Yahoo's core business is over, so the stock price has risen several times in recent times, and it will soon fall again. As major shareholders reduced their holdings and sold off, they were brought back to their original shape.”

Even if Suri releases the news that he is trying to acquire Yahoo, it will probably be difficult to cause any disturbance in Silicon Valley. Only competitors such as Google and Microsoft will pay a little attention.

This is undoubtedly a good thing for him, as he has the opportunity to let go and do something big.

The past few months of self-cultivation on Lanai Island only allowed him to begin to accept the status quo of his new life, rather than completely losing interest in this kind of business game.

So as soon as the feasibility of acquiring Yahoo was confirmed, Suri immediately took action and enjoyed the long-lost fun.

Like almost everyone else, Secretary Amanda is not very optimistic about the development prospects of Yahoo’s core business. At this moment, she reminded:

"Judging from Yahoo's move to allow Alibaba to repurchase shares at the beginning of the year, its management may also sell Alibaba shares to you separately. If you want to obtain this part of Alibaba's shares, why not choose to buy it directly?"

Su Rui shook her head decisively and reminded:

"Alibaba Group has long wanted to repurchase its shares, but Yahoo's board of directors has never nodded in agreement. At the beginning of the year, it was because the capital chain was about to break and there were serious disagreements within Yahoo that it accepted the sky-high price repurchase plan."

"If I go to negotiate with Yahoo's board of directors now, they will definitely open their mouths, or they will choose to hold on to Alibaba shares because of my interest. After all, Yahoo's cash flow crisis has been resolved."

"I don't want to take that risk, so it's better to let the outside world think that this time it's my family office that is going to break it up and get a profit from it."

The risk of acquiring Yahoo, an established listed company, is not high, but it is better to keep a low profile as much as possible.

This can be regarded as one of the few pleasures Suri has had recently besides flirting with girls, so he is going to personally take charge of the acquisition of Yahoo and take the opportunity to continue to transfer his assets to China and Japan.

Speaking of Yahoo Japan's equity, Suri believes that after holding it for a period of time, there is an opportunity to sell it to SoftBank Group or other Japanese companies, which will drastically reduce the financial pressure for acquisitions.

certainly.

Before the deal was actually implemented, Suri didn't want to leak any news, so he didn't ask whether any potential buyers were really interested, whether it was Google, Microsoft, SoftBank, or Facebook.

The benefits of having deep pockets were immediately highlighted. In fact, after the acquisition is completed, whether Yahoo's assets can be divided and sold or not, it will have no impact on Suri's main business, and there is no need to pay special attention at all.

Most investors have no other choice, and Suri can afford to risk multiple failures.

Moreover, Yahoo's total market value has dropped to only about 17.8 billion US dollars, and there is not much room for further decline. As long as the Alibaba Group continues to exert its efforts, it may take off at any time.

Because in business, Suri never failed.

After Secretary Amanda asked him, she did not continue to advise him, so as not to affect Suri's decision-making.

The separate acquisition of Alibaba shares is a "Plan B" after the overall acquisition fails. Suri does not want to consider it for the time being. The reason is that if Yahoo is truly split, layoffs and reorganization, and repackaging and selling the core business of Yahoo and the equity of Yahoo Japan , it can indeed help him earn a fortune.

As for the separate acquisition of Alibaba shares, a reference price has been given for the repurchase transaction at the beginning of the year, which can be completed at a cost of approximately US$7.5 billion.

Su Rui felt that by then, he might be able to think of a way to reduce the friction between Dongjing Mall, Pinxixi and Alibaba Group, and jointly expand and strengthen projects such as mobile payment, Internet finance, and express delivery stations, and try to avoid unnecessary internal friction.

Wait until then.

His family holds a large number of shares in Penguin, Alibaba, and Dongjing at the same time. The influence is self-evident. Supporting projects such as Efengle Takeaway and Bibi Taxi will also become more and more smooth.

By the time all the collected information was browsed, the sky was gradually getting dark.

Su Rui basically had a clear idea of ​​the information on all Yahoo projects. He felt that the reason why Yahoo was declining was that the decision-making failure and missed the opportunity were only part of the reason. The more important thing was that this old Internet company had too much internal friction.

In the early years, Google tried to sell itself to Yahoo at a low price, but was rejected by Yahoo.

In the early years, Yahoo had the opportunity to acquire Facebook, but it was not really implemented in the end.

In 2008, Microsoft even proposed an acquisition plan with a total amount of up to 44.6 billion US dollars, which was eventually rejected by the Yahoo board of directors. In just one year, Yahoo's stock price fell from 29 US dollars to around 9 US dollars, and it has only recovered recently.

After understanding how Yahoo killed itself, Suri could only come to the conclusion that "the board of directors of this company has a grudge against money". During this period, they encountered many wonderful opportunities to revive, but they missed them all.

If it weren't for the coincidence that year, when I got 40% of Alibaba's original shares, the stock price would probably have fallen back to ten digits.

At present, many investors who hold Yahoo shares choose to be optimistic about its development prospects because they value Alibaba's upcoming listing on the Nasdaq Stock Exchange (end of this chapter)