Fight To the Third Generation

In the early days of Yahoo's development, Yang Zhiyuan had a cooperative relationship with SoftBank and got a large amount of financing from Sun Zhengyi.

So far, Japan's SoftBank is still a major shareholder of Yahoo.

In other countries' Yahoo websites, the largest shareholder is the headquarters of Yahoo in the United States. Only Yahoo Japan is an exception. Softbank has 51% of the shares in Yahoo Japan, but the head office has become the second shareholder.

This shows how close the relationship between the two parties is.

When I first heard that SoftBank was going to offer about US$1.2 billion to acquire Google from his own hands, Su Yehao crossed his legs, the cigar between his fingers burned, and a faint white smoke rose.

In his head, many things came to his mind in an instant.

For example, why did Yang Zhiyuan suddenly contact him today, knowing that he was in Silicon Valley, why would he suddenly comment on Google, pointing out that it has no lasting advantage.

From Su Yehao's point of view, Google has probably been targeted long ago.

On the one hand, it is estimated that Google's rapid expansion has made Yahoo feel the pressure. On the other hand, it may also be related to SoftBank's high-level optimistic about Google's prospects.

In a way, Yahoo's interests are SoftBank's interests.

If Yang Zhiyuan joins forces with SoftBank and Masayoshi Son to jointly fund the acquisition of Google, it means that it can not only solve a potential competitor, but also continue to increase Yahoo's share in the global search engine market.

At the same time, it can also make SoftBank win another good project and firmly grasp the right to speak in the industry.

Su Yehao is only the sixth largest shareholder of Yahoo. He can ignore his own interests in Yahoo and jump out to invest in Google. Once he does it well, he will have the opportunity to maximize his profits.

As for SoftBank and Yang Zhiyuan, most of their assets are placed in Yahoo. If Google is allowed to further squeeze market share, it will inevitably affect their earnings.

After smoking a cigar, Su Yehao pondered briefly and said with a smile:

"Since my VC took over Google, it cost me almost $100 million, and now you guys want to buy it for $1.2 billion. You really look up to this company."

Hearing the word "you", Yang Zhiyuan did not refute, but smiled and replied:

"Yahoo's business model is too single, and the acquisition of Google's diversified development is not a bad thing for us. I am serious, I discussed with Mr. Sun Zhengyi before coming here. As long as you agree to this price, you can sign a contract in the next few days. In half a year, you will make $1.1 billion through Google, and your stock in Yahoo will continue to rise, making money on both sides.”

"The yield is really quite high."

"Well, and I heard that you bought land in Hong Kong City, and you went to Huaxia to invest and build a factory, and cash out to relieve the pressure of capital flow. Wouldn't it be much easier." Yang Zhiyuan continued.

Su Yehao's expression was a little weird.

Mainly because I have heard people say that Yang Zhiyuan's vision is not good, he missed Google and B one after another, and finally rejected Microsoft's acquisition plan, and finally killed Yahoo.

Su Yehao didn't know much about the specific situation, but this time it seemed that his vision was okay.

To investigate the reason, I am afraid it has something to do with the strong development momentum of Google, which has added 4 million users in the first half of the year. Although the old users still prefer Yahoo, many new netizens prefer the concise and accurate Google.

Regarding this point, Yahoo has sent people to secretly do a questionnaire survey, which is backed up by data.

If it develops slowly and slowly as in the previous life, whether Yang Zhiyuan or SoftBank's Masayoshi Son, will not necessarily take Google seriously.

Now that Su Yehao spends money regardless of cost, the situation immediately becomes more difficult. Google's dazzling development performance has made many venture capital and financing institutions take a fancy to its potential and treat it as a second Yahoo.

Yahoo's market value is already very high, and it has gradually reached the ceiling of Internet companies. Google is a new company, and its potential for growth and appreciation is much higher than that of Yahoo.

In case Su Yehao chooses to raise external financing and allow Google to obtain other financial support, Yahoo's situation will become increasingly passive.

After all, the story of Xiao Tiantian becoming Mrs. Niu is quite normal in the eyes of capital. Since it was able to support Yahoo to break out of the siege before, there is no reason to support another company.

Yang Zhiyuan has been standing in the cloud for a while, and he has long passed the stage where he is so naive that he thinks capital will be nostalgic.

It can be imagined in advance that the shareholders who are making money now and the lunatics who are short in the future are likely to be the same group of people.

Su Yehao frowned slightly, thinking about finding a reason to refuse, because in his opinion, Google has a huge space for appreciation, and selling it now is like throwing away the hen that laid the golden egg.

Then realized again.

If Yang Zhiyuan and Sun Zhengyi are rejected today, then what they will face next will be endless suppression and competition.

As soon as they came up, they first quoted $1.2 billion, which is enough to show that they have attached great importance to Google. Peaceful coexistence is not in Yahoo's interests at all. Competitive suppression is the norm in the business world. advertise.

Su Yehao believes that his relationship with Yang Zhiyuan is not good enough to ignore the conflict of interests.

There is also the Internet bubble that must be considered. The valuation and market value of a group of companies have far exceeded the performance of the company itself. Even if it is explained by growth investment, it seems a bit reluctant.

If you cash out part of it, or sell Google directly, although you lose some of your income, you can take advantage of the chicken feathers in the ground and then go to the bottom of Amazon, Apple, TSMC, s and other companies, and the long-term profit may be more than holding Google. .

You must know that Yahoo made a series of mistakes in the past, and eventually went into decline, but this time it will not necessarily repeat the same mistakes.

At present, there is an early dispute between the two sides, and Su Yehao really has no confidence to win.

From another perspective, the lack of money on hand is also true. Even if you don’t mention the city of thousand cores plan, Google itself has to burn at least 3.5 billion US dollars to survive the cold winter, which is enough to build a wafer foundry.

It's hard to move your head so fast.

After thinking for a few seconds, Su Yehao continued: "It's a bit sudden, let me talk about it slowly. In fact, I'm quite optimistic about Google's future. The global search engine market is so big that it can accommodate two search engine companies."

Yang Zhiyuan nodded, but said in his mouth:

"I personally think it's okay, but other shareholders have already expressed their opinions~www.wuxiamtl.com~ I alone in the board of directors said it doesn't matter. If there is a chance to eat most of the market, who would be willing to let others. Doing business This kind of thing is either win or lose. If there is an instant chat software company that competes with your emoji group, I believe you will not sit back and ignore it. Someone wrote an article in the New York Times praising Google last month. , and Yahoo shares fell 26 the next day.”

After vaguely hearing some news, Su Yehao realized that he was being ostracized by other Yahoo shareholders.

He took another cigar and poured a glass of red wine for Yin Liuli who was sitting beside him.

Su Yehao replied:

"I understand what you mean, in fact, I am quite lazy. As long as I have the opportunity to easily earn money, I will try to avoid fighting with anyone. I have to study the acquisition first. There should be a way between us. Agreed. Let’s not play the cards, I’ll go to Google first and ask the partners for their opinions.”

The so-called partners only account for a small amount of shares in total. Of course Yang Zhiyuan knows this.

Today was not originally for playing cards, so Yang Zhiyuan didn't stop him, he personally sent Su Yehao out of the cigar salon, and by the way, he also gave him a box of Danish King cigars as a small gift.

There were differences between the companies, but they were both Chinese and super rich in Silicon Valley. If it wasn't a last resort, he didn't want to have too much trouble with Su Yehao.

As the chief operating officer of Yahoo, Yang Zhiyuan must consider the interests of the company and shareholders. Of course Su Yehao understands this, so he has no emotions.

After all, it's nothing more than weighing their own interests, which is exactly the saying that there are no permanent friends and no permanent enemies.

After happily accepting the box of cigars, Su Yehao got in the car and set off.

He really intends to go to Larry Page and the others to talk about the acquisition and get some good advice