Chapter 735 Current Situation

Yahoo has been suspended from trading on NASDAQ for more than a month, and the atmosphere has been brewing to this point.

There are only two choices before the Yahoo board of directors.

One is to agree to Suri's premium acquisition plan, and everyone is happy, and it will be directly privatized and delisted.

The second is to interrupt the acquisition negotiations and resume trading. Although there is no daily limit on the rise and fall in the United States, once the expectations of shareholders are dashed, the Yahoo board of directors will know what a big drop is in a minute.

According to the expectations of Wall Street traders, a 10% drop in a week is considered a face-saving by investors.

After all, Yahoo has missed two acquisition invitations to cash out at high prices in recent years. In the eyes of many investors who have suffered heavy losses, it can be regarded as a model of mud that cannot be helped. No one can predict whether it will repeat the same mistake again.

At present, it is generally believed in the market that the reason why Suri took action to acquire Yahoo is mainly to support projects such as BuyMe, Tweet, and Netflix Entertainment through it. It also involves the layout of the Chinese Internet market and attempts to enter the mainland search engine market.

As for the idea of ​​buying Alibaba Group at the bottom, it is not widely accepted by the market. The main reason is that the market of Chinese stocks is sluggish, and the valuation of Alibaba Group is already very high. In the eyes of others, there is no room for appreciation and profit.

Take a few hours to fly to Silicon Valley.

When he thought that he would no longer have to face the camera to shoot, Suri felt relaxed.

If he had to shoot "Ex-Files 3" again, he hoped to wait until two years later. He probably would not have any interest in being an actor in the short term.

As soon as he arrived at the hotel by car, Secretary Amanda received a message from Goldman Sachs. It is said that according to their statistics, they have obtained enough votes in favor, and the acquisition of Yahoo is basically no problem.

While Amanda's secretary was helping Su Rui pack her luggage, she asked, "Since you have secured enough voting rights, do you want to invite Yahoo founder Jerry Yang to have dinner together?"

"Forget it. That guy openly opposed my acquisition of Yahoo. It's easy to get scolded if I meet him in person."

Su Rui took out a cigar from the century-old cigar box and trimmed it carefully. He sat on the sofa in the suite in a lazy manner and continued:

"Since I'm here, I'm going to meet Mark Zuckerberg. He found out about my secret financing of the "Tuitu" social software. He called me a few days ago and said he wanted to acquire this photo sharing social platform. As long as Zuckerberg is still the CEO, my shares in Facebook will be more secure, and there is still a little profit margin. I can't make my relationship with him awkward."

"That's right. It seems that Zuckerberg is the only Silicon Valley super-rich who is really your friend."

After hearing what Amanda's secretary said, Su Rui pondered for a moment and felt that he and Mark Zuckerberg were at best half friends.

The other party's real small circle is not on his side.

I have been away from Silicon Valley for almost three months for filming, and a lot of things have happened during this period.

For example, Apple's profits have been declining for three consecutive quarters. The iPhone 5 was just released in mid-September, and its sales exceeded 2 million units in 24 hours.

Suri is both an Apple shareholder and a competitor. He has to admit that the workmanship of the iPhone 5 is fine enough, and its performance has been greatly improved compared with the previous generation of products. No wonder it can sell well.

Although the "Godfather of Technology" Steve Jobs has passed away, he has left an astonishing legacy for Apple. However, with poor performance, several executives who worked under Jobs have been kicked out by Apple's board of directors and then recruited by Suri.

Not only did he hire Apple executives, he has also cashed out more than 4.1 billion US dollars from Apple this year, so he is also considered by the outside world to be Apple's "air force".

The Netflix Entertainment shares cashed out during the same period are only worth more than 200 million US dollars, and most of these funds have flowed to other projects.

Apple's performance is not good, but Samsung's development momentum is very strong.

In the first eight months of this year, Samsung shipped about 40.3 million mobile phones, surpassing Apple in terms of market share and profit margin, and occupying about 23.2% of the smartphone market share.

On the other hand, Suri.

The total sales of the mobile phone companies he founded in the United States, China, and India have rapidly exceeded 13 million, and the biggest limitation is insufficient production capacity.

Therefore, while pushing up Netflix's stock price, the low-end mobile phone brand "Trident" founded in India is still facing tailor-made antitrust lawsuits.

The other party is determined to make things difficult for Suri, so how could he let go easily? It is estimated that this lawsuit will take several years to come to a conclusion.

Fortunately, although facing antitrust lawsuits, it does not delay the normal expansion of several Indian projects. It is true that the Tata Group is very strong in India, and the richest man Ambani is not a vegetarian.

Suri commissioned Washington to help, using India's steel dumping tariffs as a bargaining chip to force some people to leave a little breathing space for projects such as Trident mobile phones, and barely strive for the opportunity to "fairly compete" with the Indian oligarchs.

San Ge hoped that he could invest in setting up a factory to assemble mobile phones locally, but Su Rui was worried that the bacterial flora of the mobile phones would exceed the standard, so he refused to agree.

Finally, he was in a good mood to slowly sort out the recent negotiation records with the Yahoo board of directors.

From the documents, we can know that since Alibaba Group was allowed to repurchase part of its shares at the beginning of the year, Yahoo now has about 4.4 billion US dollars in cash on its books, and its net profit in the third quarter exceeded 3 billion US dollars, most of which came from the receipt of money from Alibaba Group.

Some of them were originally prepared for external acquisitions and stock repurchases. Because of Suri's sudden acquisition, many plans of the Yahoo board of directors were disrupted, which made a group of start-up shareholders who were already discussing the sale with Yahoo anxious like ants on a hot pot.

CEO Marissa Mayer may think that acquisitions can solve Yahoo's problems, but Suri has made preparations in advance to completely terminate the acquisition plan.

He plans to use the cash on Yahoo's books to open up the Chinese search engine market and develop new projects such as AI, cloud storage and cloud computing.

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The day he arrived in Silicon Valley.

Suri also went to the old stadium and watched a friendly match between the Warriors and the Knicks. This year's regular season will not start until the end of October. Holding a friendly match does not violate league regulations and allows players to find their form in advance.

He and his father each own an NBA Western Conference team. Last year, the Warriors also made it to the finals of the playoffs with a good result of second place in the Western Conference, but finally stopped at third place.

Last year's "God of Wealth Team" also successfully entered the playoffs and did not embarrass Su's father.

According to Shaquille O'Neal, this year's Warriors are more mature and have a more complete lineup, and are likely to make it to the finals again.

Originally, Suri was expecting the team to appreciate in value, but now he just wants to have fun. Since buying the Warriors, at least he can understand basketball games.