Wall Street Legend

   Chapter 443 Not Now

   It is not impossible to merge, and it is okay to discuss this matter a few years later.

  Ye Dongqing valued Wal-Mart's huge employee base and its influence on major guilds, but it is definitely not possible to talk about mergers right now, at least until Amazon's market value reaches 400 to 500 billion U.S. dollars.

  Many shareholders were persuaded by him and were willing to support Ye Dongqing and avoid making Bezos agree to the conditions given by Wal-Mart.

However, after an in-depth investigation, it turned out that Wal-Mart gave the middle and senior managers a lot of verbal benefits in the proposal. As long as the merger can be achieved, it promised not to fire the existing employees, and would also give these employees stock rights. The reward is clearly to win them over.

   This explains why Jeff Bezos has paranoid thoughts. It seems that the group of people under him has not been drinking less ecstasy soup recently.

Wal-Mart has resorted to conspiracy, coupled with its willingness to pay a large price, it can be seen that there must be someone among the top management who is firmly optimistic about Amazon, or some shareholders want Wal-Mart to move closer to the title of "semi-Internet company". In order to promote the development of the stock price, it has more development potential.

   This is normal. The supermarket field has developed for so many years, and it is as huge as Wal-Mart. It should be looking for other new markets. Unfortunately, it just happened to fall in love with Amazon, which is valued by Ye Dongqing.

Judging from the current market value and merger offer price, Wal-Mart is already considered kind. Otherwise, Bezos, who once said personally that "he does not sell company shares", would not be easily shaken. It can increase by more than 60% within a short period of time. Everyone will be tempted, and it is nothing more than a matter of trade-offs.

  Ye Dongqing sees it more thoroughly than anyone else.

   It is useless to have him alone, and you need the support of other people. After all, not everyone is as lucky as him. With the experience of making judgments on future development trends, more people can only take one step at a time.

I stayed at the Hilton Hotel that night, but I didn’t meet the Hilton sisters. I didn’t rush to find Bezos early the next morning. I went to Gates’ house for a walk, to see the whale sharks he raised, and to see the ones in the study. Collectibles, luxury and unbelievable in the eyes of others, are just "ordinary life" in Ye Dongqing's eyes. She thinks it's not bad, but she doesn't make a fuss. Instead, she thinks Gates's aesthetics is a bit problematic.

You can't talk about the company's affairs casually, otherwise Ye Dongqing really wants to communicate with Gates, knowing that the opportunity to make money is in her own hands, but some people want to give away part of this opportunity to those Wal-Mart shareholders , No matter how you think about it, it is a very depressing thing. If Netflix makes him unhappy, it will probably be liquidated if it is said to be liquidated. However, Amazon has too much room for growth, and even Ye Dongqing is reluctant.

  Brought a tiger-shaped bronze vessel that caught his eye, and a bottle of old wine from the 19th century, he swaggered away not long after being a guest. There was no need to be polite to Gates, and Gates didn’t care if the robber came to his house.

   Came to Amazon and had another face-to-face conversation with Bezos.

It was noon, and Ye Dongqing had bought a hot dog casually on the street and eaten it. The taste was not good, and the inferior cheese made him very unhappy. Sitting in the office, he crossed his legs and asked, "The things I talked to you about last night Do you remember? I am worried that if you drink too much, you will forget everything."

"I remember after you came, I drank two more glasses after you left, I don't remember the rest, I didn't expect such a big reaction from you, actually I think the merger is a good thing, the problem between us It should be resolved first, and if you have any ideas, you can express them now."

   Disagreement between managers and major shareholders has always been a taboo in business. Bezos said it frankly. He really wanted to resolve the conflict before making a final decision.

  Consequences may be serious, but the incident itself is not serious, it is just a disagreement, it has nothing to do with character and temperament. Even if the couple occasionally quarrels, business partners will naturally encounter more problems.

"Let's put it this way, I think Amazon's current market value is far underestimated. It is fully expected to grow into a giant similar to Microsoft, and there is currently no competitor worth paying attention to. It is working with an old retail company with no future. It is tantamount to suicide.

  My suggestion is that you wait a little longer, but it’s only a 60% premium. Maybe by the end of the year, Amazon’s total market value can grow to that number. Why do you want to kill the goose? "

Ye Dongqing opened the skylight and said bluntly: "Maybe other executives have recently expressed their approval for the merger. In my opinion, that is mostly for their own benefit, and it is not objective. You know what Wal-Mart promised them and you. Look. With such an astonishing growth rate of turnover and an increasingly large user base, why worry, why don’t you want to swallow Wal-Mart, but become a part of it?”

   I really care about it. He hasn't paid attention to business for a long time, and it's been a long time since he uttered such a long sentence in order to persuade anyone. Usually, it is others who persuade Ye Dongqing and want his consent.

   This made him pay more attention to the importance of the right to speak. In all fairness, it is much easier to persuade Jobs than to persuade Bezos. The former can be said to work for him, but the person in front of him is actually the person in charge of Amazon.

Bezos probably didn't expect Ye Dongqing to have such high expectations for Amazon. Currently, Microsoft's market value is more than 20 times that of Amazon. Seeing Ye Dongqing's serious face, he didn't look like he was joking, and began to reflect on his own thoughts Whether it is correct, after the merger, whether the advantages for Amazon really outweigh the disadvantages.

Hearing what Ye Dongqing said, the affirmative answer turned out to be ambiguous. He finally changed his mind, rubbed his eyebrows and told, "Now I just have this idea, and I haven't really decided how to choose it. I will seriously consider it." Your suggestion, what if, I mean, what would you do if it turned out differently than you thought?"

"...clear out all of Amazon stock and go back to eBay, or start a company of your own, with the influence of Wal-Mart, I don't think it's too hard to beat Amazon by then, and in this kind of business where money is at stake, I Never talk big."

   also has the confidence to say such a thing.

Ye Dongqing doesn't want things to go bad, but he is not afraid of encountering difficulties. With a number of companies with a large user base in hand, he can indeed create a new company quickly. He already has experience in starting a business in China. It is estimated that It's not too difficult, and you don't have to worry about not having customers.

   Bezos believed that he could really do such a thing, and the balance in his heart was shaken quickly.

  Then they had an in-depth conversation and exchanged some opinions and ideas. Ye Dongqing didn’t know whether he could convince Bezos. What he knew was that he would not be persuaded by Bezos...

  (end of this chapter)