Heads Up Hollywood

For old guys like Murdoch and Redstone, absolutely don't waste a penny!

This is the value concept they have cultivated in that era since childhood.

Besides, although Yahoo's market value has shrunk significantly after the bubble crisis, with the rise of Yahoo Japan, Yahoo's total market value has still climbed, and it is still a giant-level Internet company.

The current stock price is $35, and the market value is as high as $50 billion.

If News Corporation wants to eat Yahoo's interactive entertainment business, it will cost at least 10 billion US dollars!

Yahoo Messenger is the fourth largest social chat software in the world today, and its strength is not small.

Murdoch really will take Yahoo at all costs?

This kind of old guy is definitely inferior to young people in terms of spending money.

As long as Google sends a large order to Myspace, Murdoch sees the possibility of building a News Corporation Internet empire without buying Yahoo, then he will never spend this money wasted.

That's $10 billion!

Currently, News Corporation is communicating with Myspace's shareholders and management, intending to acquire a wholly-owned subsidiary.

The specific acquisition case is still under negotiation, and the price... is between US$500 million and US$600 million.

The gap is too big!

Dunn is confident that as long as Google can participate in the layout, the tripartite consortium of Microsoft, Time Warner and News Corporation can be easily separated.

News Corporation must quit!

As for Microsoft and Time Warner... Tang En has no chance of getting it done.

Microsoft urgently needs to complete its layout in the Internet era. Yahoo's online services, search and advertising businesses are all deeply coveted by Microsoft.

Not to mention Time Warner, AOL is almost becoming tasteless. If there is no turning point and rescue, it really can only be split off, and AOL America Online is left to fend for itself.

The next step is to persuade Yahoo to resist the three-party acquisition.

Yahoo's current chairman and CEO Terry Messer was born in Hollywood.

Before that, he was the chairman and CEO of Warner Bros., and led Warner Bros. to lead Hollywood in the 1990s.

Ten years ago, Warner was similar to the current New Universal's momentum in Hollywood.

When Terry Messer took over Yahoo, Yahoo's market capitalization had dropped to $10 billion.

Yahoo is now worth $50 billion, thanks to Terry Messer.

According to the reports submitted by 386 S\u0026P constituent companies to the US Securities and Exchange Commission at the beginning of the year, the Associated Press, after investigation and statistics, provided the annual income statistical reports of the CEOs of these companies.

Among them, the annual salaries of CEOs of many companies are pitifully low.

For example, Terry Considine, CEO of an apartment investment management company, has an annual salary of 0.

For example, Eric Schmidt, CEO of Google, has an annual salary of $1.

For example, Steve Jobs, the CEO of Apple, earns $1 a year.

Some people have very little, some people have very high.

The highest ranked... is Yahoo CEO Terry Messer!

His annual salary in 2004 was as high as 70 million US dollars!

This is the difference between company founders, major shareholders, and professional managers.

Yahoo doesn't have much historical mission for Terry Messer. His experience of being born in Hollywood will inevitably bear many Hollywood marks on him.

Such as desire for power!

For example, headstrong!

For example, the pattern is not high!

In 2006 in the previous life, Terry Messer asked Yahoo to acquire Mark Zuckerberg's Facebook for a whopping $1 billion, but was rejected. You know, more than half a year ago, News Corporation acquired Myspace, the number one in the industry, and only spent 560 million US dollars.

At that time, Terry Messer's response was not to continue to increase the offer, but to state it almost mockingly: "I have never seen anyone in my life turn down a billion dollars."

These are all shortcomings that Dunn can take advantage of.

...

Allen's headquarters building should have existed for decades, and it looked a bit old-fashioned.

Offices, living rooms, conference rooms and restaurants are all decorated with wood.

The surrounding walls are covered with carefully selected works of American painters, full of artistic atmosphere, and full of old-school entrepreneurial style of operation.

However, in the sunny Sun Valley, what surprised Tang En the most was not the architectural style and decoration concept, but the outdoor sports.

Allen's current CEO, Herb Allen, was a player on the netball team when he was in college at Yale. On behalf of the school, he has also participated in many domestic and international competitions and achieved some results.

The game of lacrosse is very simple, but the amount of exercise is a bit high.

Old guys like Murdoch can only watch with a laugh, admiring the heroic appearance of many American business elites in the arena.

If this game is televised, it will definitely have a good ratings!

Including Dunn Walker, Bill Gates, Larry Page, Terry Messer and others, they all left the field to participate in the competition.

Herb Allen, the host, acted as referee and commentator.

The competition between the bosses was not fierce, and the competition was not strong. Although everyone was wearing masks, protective gear, and sportswear, everyone was polite and showed a good demeanor on the field.

Tang En was the youngest and had the best physical fitness. He was in a good mood playing a game with many business leaders.

During the break, Dunn took off his protective gear and took the initiative to get together with Terry Messer.

Coincidentally, Bill Gates was also by his side.

Everyone came here to gather in Sun Valley this time, not for vacation and playing golf, but for business negotiations.

The most important business negotiation in this Sun Valley meeting is the acquisition of Yahoo!

Once the tripartite cooperation between Microsoft, Time Warner, and News Corporation is reached to acquire Yahoo, the price of this deal, after a premium...may reach 70 billion US dollars, or 80 billion US dollars!

"Bill, are you really going to buy Yahoo?" Tang En asked straight to the point like a stunned young man.

Bill Gates was slightly taken aback, and said with a smile: "I remember... New Global and MSN are still partners. If MSN can integrate part of Yahoo's business, it can deepen our cooperative relationship."

"That's for sure." Tang En nodded approvingly, but changed the topic, "But to be honest, from a business point of view, I don't think the merger of Microsoft and Yahoo will be a win-win situation."

"oh?"

Terry Messer couldn't help asking.

The three of them held protective gear and walked towards the sidelines. Tang En said softly without changing his face: "The market share of Microsoft and Yahoo has been declining, and a merger cannot solve the problem of declining market share."

Bill Gates said: "We have specifically calculated that if Microsoft and Yahoo merge, the new company's share of the advertising market will reach 30%! Google will only have 2%."

Google's current advertising business is not yet able to dominate the United States. To be truly invincible, it still has to wait until 2006 to complete the acquisition of Doubleclick.

Tang En said with a smile: "If business can draw conclusions through calculations, then all entrepreneurs will be mathematicians."

Immediately, he looked serious and said seriously: "Bill, I know your ambition, but the merger and acquisition cannot change the current situation of Microsoft. If a behemoth wants to turn around, it must not pull another behemoth. This is the basic principle of physics. If the merger If it does happen, Microsoft will only be able to do a good job of part of Yahoo's business, and other businesses with uncertain prospects will inevitably be closed or sold. By then, the new company with 90,000 employees will falter."

Bill Gates said with a smile: "There are also Time Warner and News Corporation. Dunn, the words of competitors...sometimes may not be credible."

"Competitors? Are there any here?" Tang En showed a bewildered look, "New Universal and MSN are partners, and they are also partners in Microsoft's HD-DVD business. Not to mention Yahoo, Yahoo's online music and The online photo business has authorization from us."

Bill Gates was a little speechless at Tang En's pretending to be stupid.

Terry Messer suddenly said, "Rupert talked to me. News Corporation won't get involved in the short term."

"ah?"

Bill Gates was stunned for a moment.

Tang En almost laughed, coughed lightly, and continued: "Microsoft's strong position in the software field cannot help it gain ground in the Internet market. Besides, Yahoo's corporate culture is quite different from Microsoft's. However, I also recognize many According to analysts, there is indeed a possibility of a merger between Microsoft and Yahoo. However, it is not a spin-off of Yahoo, but a spin-off of Microsoft. Spinning off Microsoft's Internet business and merging it into Yahoo has a higher chance of success. Microsoft continues to reign supreme in software."

Bill Gates nearly vomited blood.

Terry Messer couldn't help laughing, and said with a smile: "Interesting suggestion, I think it will work!"

Obviously, there's no 100 percent reason he couldn't relinquish control of Yahoo.

Murdoch's betrayal, Bill Gates' helplessness, and Terry Messer's manipulation, all the scenes made Tang En see.

about there!

The more thoughts you have, the less likely you are to cooperate!

In a short period of time, it is impossible for several parties to reach an agreement.

This kind of super merger, normal business logic, has to go through many years of operation.

In the previous life, until 2008, Microsoft, Time Warner, and News Corporation were still rumored to have merged with Yahoo.

However, Yahoo has always refused because the other party seriously underestimated the value of Yahoo.

Until many years later, Yahoo really couldn't survive, so it split off the shares of Yahoo Japan, Alibaba and other participating investment projects, and established a holding company called "Ali His Dad". The rest of Yahoo's main business was sold in a package for $4.8 billion.

The empire of hundreds of billions of dollars collapsed.

To be honest, Twain also covets the current Yahoo.

This is the world's largest web portal, the world's second largest search engine, the world's third largest Internet advertising company, the world's fourth largest chat and social platform, and the world's largest online music service provider...

Yahoo has a lot of projects.

Tang En is very optimistic about many projects. If they are properly developed, they will have great market potential.

However, Yahoo's founders and major shareholders are more stubborn.

This is a good thing.

As long as Yahoo doesn't split up and continues to go through life, old age, sickness and death according to the process of the previous life, then it will still be the best era for New Universal!