Back To 1995

  Chapter 879 Smash the Pot

  Song Yang directly drew his salary from the bottom of the pot and recruited Yahoo's army, Yahoo's chief financial officer, Coorg and others, at this time they were a little speechless.

  They can't refute Song Yang's words, saying that Yahoo is worthless, right? It's impossible for the market value to reach 160 billion dollars in the future, right? !

Knowing that Song Yang is cutting their flesh, Yahoo still can't refute it, saying that Yahoo is not good, or if it gets out, even Yahoo's board of directors and executives are not optimistic about Yahoo, so there will be no leeks to buy Yahoo stock.

   "Song, the price is too high to repurchase these shares at a market value of 160 billion U.S. dollars!"

  In the end, it was Yang Zhiyuan who spoke up and rescued Coorg and others. Yang Zhiyuan bluntly said that the current Yahoo cannot afford such a large sum of dollars in cash.

At this time, Loeb, representing Citigroup on the Yahoo board, suddenly said to Song Yang, "Song, aside from your relationship with Jerry, Yahoo has always been a partner with Double Click, ICQ, Alcatel, etc. Yahoo's current The global advertising agency rights are still in the hands of Double-Click!"

Loeb first played a set of emotional cards, and then took advantage of the situation and said, "Song, Yahoo's board of directors can repurchase the 9% of the shares, but you also know Yahoo's current financial situation, it is impossible to spend such a large amount of cash, Yahoo's board of directors , you can repurchase this equity according to the bond model, and repay a sum of cash every year in the future, including interest of course..."

   It sounds like Loeb is making a lot of sense. First take back the equity, and then slowly repay the more than 10 billion dollars in cash, plus interest, which seems quite "reliable".

  But Song Yang and Marcus glanced at Loeb, wondering how he came up with this set of "empty glove white wolf" drama, just fooling other people, even Song Yang is now fooling around.

These days, the one who owes the debt is the uncle, and he really returned the equity. At the beginning, Yahoo may still abide by the rules, but after a few years, it will be a matter of nonsense. Yahoo equity mortgage?

   At that time, Yahoo’s stock price plummeted. Today’s equity worth more than 10 billion dollars, it’s good luck to get back a fraction of it. Then Song Yang is full and full, so he has nothing to do and troubles himself!

  Song Yang looked at Loeb and smiled. Loeb was about to speak again, but when he heard Song Yang's next words, his smile froze on his face.

   "Because we have always been partners with Yahoo, the North American Global Investment Foundation and Double-click Company are willing to let Yahoo's board of directors repurchase their shares, not Wall Street institutions, overseas consortiums, and foundations!

   Within a week, if the board of directors of Yahoo is unwilling to repurchase the equity, the North American Global Investment Foundation will transfer the equity to other acquirers, including but not limited to selling Yahoo equity through the NASDAQ market! "

When they saw Coorg, they still wanted to lower the price, and Loeb and the Wall Street institutions wanted to play tricks. Song Yang directly smashed the pot. They were unwilling to take the offer, so Song Yang looked for someone willing to take the offer. Throw Yahoo stock wildly in the stock market to see who dies first!

  Hearing this "ultimatum", the faces of Yahoo's board of directors and executives changed. They felt that Song Yang was really not joking.

But think about it, Song Yang doesn't rely on Yahoo for his living, and Yahoo's stock price has been smashed. At most, he just cashed out a little less money, which has little impact on his worth, but the worth of everyone sitting here today is estimated to have shrunk a little. Big cut.

   "Song, Yahoo's board of directors can repurchase this equity within a week, but the repurchase at a valuation of 160 billion dollars is really too high!"

In the end, it was Yang Zhiyuan who said to Song Yang that Yahoo is still a favorite. If you really ask Wall Street banks, institutions, and overseas consortiums for mortgage loans, you will definitely be able to borrow. It just takes time, and it will raise more than 10 billion US dollars a week. , is not so easy.

  Song Yang took a look at Yang Zhiyuan, and in the end he seemed to be looking at the big brother of the Internet, "We can transfer this equity at a valuation of 150 billion U.S. dollars!"

  According to the repurchase price, 9% of Yahoo's equity can be sold for 13.5 billion US dollars, which is equivalent to the price that Song Yang asked for nearly one billion US dollars. It is worth enough to give Yang Zhiyuan this face!

Not only to give Yang Zhiyuan this face, but the key point is that it is really difficult for Yahoo to raise nearly 15 billion US dollars in cash in a week. Properly lower the bargaining chip, so as not to force Yahoo's board of directors into trouble, and finally make a mess. , the kidnappers still know not to tear up tickets, no matter what Song Yang does, he can't break the rules of the world, isn't it...

Besides, this deal is not a loss. When I got the 9% stake in Yahoo, I used the 13% stake in DoubleClick, plus less than ten million US dollars in cash. Now DoubleClick has a market value of less than ten billion US dollars. , the double-click equity held by Yahoo is worth no more than 1.3 billion US dollars. With 1.3 billion US dollars, it can be exchanged for 13.5 billion US dollars in one go. No matter how you look at it, it is not a loss!

   As for Yahoo’s board of directors, whether it will be bloody, and hate the behavior of exchanging shares at the beginning, and whether Coorg, as a signatory back then, will be scolded by Yahoo’s board of directors is not up to Song Yangneng.

   "In addition to repurchasing shares, Yahoo site search, within three years, must use Google search engine!"

   Yahoo doesn’t care too much about this condition internally. Although this agreement may cause Yahoo to lose its dominance in the search industry, Yahoo does not rely on the search industry for food now, so if it is lost, it will be lost...

Yang Zhiyuan has some ideas about Song Yang's final agreement. He really understands technology. Now the search industry is indeed not very profitable, but Yang Zhiyuan knows that search technology is one of the most important technologies on the Internet, and major websites are inseparable from this technology.

  Now that Yahoo has handed over the search industry, it is easy to quit, but it is not so easy to get it back, especially from Song Yang...

But just now, Song Yang saw his face and asked for a billion dollars less in one breath. If Yang Zhiyuan wanted to block this agreement at this time, it would be a bit unethical. Character determines destiny, and he has always been "big brother" "Yang Zhiyuan, with his style, did not come forward to stop him in the end, and watched Coorg sign the letter, letting Yahoo withdraw from the search industry!

   Even, Yahoo wants to "mortgage" Yahoo's search technology to Song Yang in exchange for Song Yang's less cash.

For this proposal, Song Yang naturally would not refuse, and he agreed wholeheartedly. He bought Yahoo's search engine technology at a price of 500 million US dollars, including the patent and authorized it to Google. Just deduct 13.5 billion U.S. dollars...

   As for whether the $500 million purchase price went into Yahoo's account, or was used to distribute dividends to Yahoo's board of directors, and to distribute bonuses to Coorg and others, that is beyond Song Yang's control.

  Anyway, this time, raising more than 10 billion dollars, for Yahoo, it may be burdened with heavy debts, but for some people, it is an opportunity to make a fortune!

Since it was reported that Google got 100 million US dollars in venture capital, the group led by Excite, including Lycos, Inkomi, Goto Search, Ask Search, Look Search, INSP Search and other search companies’ stock prices, market value, and valuation All plummeted.

Wall Street's institutions are smarter than a dog's nose. For uncertain things, they always go first. It also smelled unusual.

  After George Bell finished calling Khosla, the stock price plummeted again, leaving the entire Excite board of directors in a state of distress.

As a last resort, Excite suddenly announced the acquisition of AtHomeGorp at a price of US$6.5 billion. The latter is a dial-up Internet access and broadband operating rights similar to AOL. After the acquisition, Excite became a company similar to AOL. Although not as good as AOL, but Call it a small AOL.

  After Excite released the news of the merger, the stock price rose sharply, and the stocks of the entire search industry were also pulled up.

   But the fireworks didn’t take long before they died down again. In the afternoon, Excite’s stock price, which had been so hard to rise, plummeted again. Within a few days, the stock price was almost cut in half!

   Then, the well-informed Wall Street media was the first to release the news that Google reached an agreement with Yahoo to acquire Yahoo's search technology for US$500 million, and Google officially became Yahoo's search engine supplier!

After this news, there was a series of intensive cooperation announcements, ICQ, PayPal, Wikipedia, Xueleshan online game platform, Hotnail mailbox, Symbian music store, IMDb, Firefox browser, IE browser, MSN and other large waves of global Internet rankings The top 50 websites announced that they had reached an agreement with Google, and the Symbian system announced that it would make the Google search engine a built-in search engine for mobile phones equipped with the Symbian system!

  (end of this chapter)