Rebirth of the Age of Wealth

Chapter 464 Unification Clauses

When Li Weidong announced that he would sell his Yahoo shares, many consortiums were interested. After the first round of contact, a preliminary acquisition intention was reached.

At this time, in order to maintain fairness and justice and safeguard the interests of retail investors, it is necessary to announce it to the outside world according to regulations, and apply for the suspension of stock trading until the purpose of the acquisition is achieved or the acquisition is terminated.

The closing price on the day when Yahoo announced the suspension was 373.25, while the MA10 was 394.41. This price has dropped a lot from the highest point of 507.

Of course, this highest point does not mean much to Li Weidong. If he only has a few hundred shares, a few thousand shares, or even tens of thousands of shares, he can cash out at the high point.

But now he holds more than 75 million shares. If he wants to cash out, the price will probably drop to double digits in one fell swoop, and the regulatory authorities will not allow him to do so.

Therefore, real-time prices do not have much meaning, which is why most purchases are based on the 10th or 20th price.

Extending the timeline to avoid ups and downs is fairer to both parties!

However, the initial quotation is generally based on testing. Each consortium has different prices in mind, and the quoted prices are also very different.

The highest price is 390 offered by Yahoo Group itself. In theory, existing shareholders of Yahoo Group have certain priority rights at the same price.

And in order to reflect the management's firm optimism about the company's future, the price will naturally be appropriately higher, which is also beneficial to them.

The lowest bid was from SoftBank Group, which is also a shareholder of Yahoo, with only 370, which was lower than the closing price of the day!

Because of Li Weidong's early participation, he gave Yahoo tremendous financial support at the beginning of its business, so in the first few rounds of financing, there were almost no opportunities for other investment structures.

SoftBank was only able to invest with several venture capital investors in the last round of strategic financing before Yahoo went public, with a small shareholding.

If it were not for the implicit support these venture capital institutions would give Yahoo when it went public, it is estimated that they would not have anything to do with this round of financing.

In many cases, financing is not just for money, but to introduce shareholders who can provide necessary non-financial resource assistance for the company's development.

Although the initial quotation is not the final price, it is quoted at such a discount. The suspicion of underpricing is very obvious. They are sure that Peking Capital will not sell so many shares in the secondary market.

First, whether the market can accommodate such a large transaction in a short period of time will have a great impact on the stock price. Second, there are compliance issues. Selling so many stocks is definitely not arbitrary, and supervision is also very strict.

Of course, this is also the purpose of negotiation. If you directly give a high price, what bargaining chips are there? You have to leave room for bargaining when buying groceries.

However, now many powerful asset management companies have joined in, which seems to have caused a lot of uncontrollability in the new quotations.

It is estimated that this is what Yahoo's management team and entrepreneurial team want to see. After all, a diversified shareholder with a small shareholding is more beneficial to them.

They have suffered a lot in recent days. Li Weidong did not vote in favor of many major acquisitions, making it difficult for their decisions to be passed.

Now they absolutely do not want to have another major shareholder holding nearly 30% of the shares, and they do not want this shareholder to have too many nomination and voting rights on the board of directors.

However, as the number of involved companies increases, it is an uncontrollable factor whether Yahoo's management team will acquire some shares to increase its voice.

In short, everything has two sides, not to mention that business matters are more complicated, which also reflects the charm of pursuing profit maximization in business.

Jiang Zhili thought about it and said: "There is no official quotation yet, and it is confidential to them, but most organizations have promised to quote a satisfactory price!"

Li Weidong asked, Jiang Zhili had to say it, but the final quotation hadn't been reached yet, and he couldn't say it fully, so he could only deal with it with such ambiguous words.

After listening to Jiang Zhili's words, Li Weidong was also a little embarrassed, knowing that he was mentally retarded by asking this question, but judging from this meaning, this time's quotation was higher than the last time.

"Follow the process, we will continue to discuss business terms tomorrow. All bidders will proceed under the same terms, including payment methods!"

"If everything goes well, we will be able to quote you as soon as the day after tomorrow, or the day after tomorrow. If we have no objection to the price, we can sign a contract!"

"Then the contract will be submitted to the exchange for review. If there are no problems, the transfer procedures will be completed within a week!" Jiang Zhili introduced.

After Li Weidong listened, he took out a cigarette, lit it with Zhang Dongshuo's match, frowned and took two puffs, and then walked around the room a few times.

This speed should be considered relatively fast. After all, it is a transaction of such a large amount, and Jiang Zhili and the others have not done this kind of thing before, so the process is very familiar.

If there are two or three more quotations, it will take even longer, and it will take at least two weeks to start. Li Weidong definitely can't wait that long.

"Tomorrow you tell them that there is only one chance to bid. If it is not suitable, we will not sell it!" Li Weidong finally said.

"Not selling anymore?" Jiang Zhili didn't quite understand the authenticity of Li Weidong's words. Did he really think so, or was it just a strategy?

"Yes, just tell them that!" This is the result Li Weidong wants, which is ambiguous and ambiguous.

The price quoted once is not necessarily true. Not selling it if it is not suitable is naturally false. The decision-making power lies with Li Weidong. Who can know if he doesn't say it.

Jiang Zhili himself was guessing, and others were even less sure. Moreover, Li Weidong was almost a rare commodity now, and he had a lot of autonomy.

"Yes!" Jiang Zhili probably understood in his heart, but he didn't dare to be completely sure. He could just act according to what Li Weidong told him.

"Let's go have a meal. Is there anything delicious here?" Li Weidong suggested, touching his stomach. He was already hungry after a lot of activity today.

"Chairman, we have made arrangements. There is a Chinese restaurant here, and the food is very authentic!" Jiang Zhili said with a smile. He was afraid that Li Weidong would not be used to Western food.

Li Weidong waved his hand and said: "You have to eat the food here when you come here. I also come here to eat Chinese food. No matter how authentic the food here is, it can be as authentic as in China!"

Although Li Weidong doesn't like eating Western food very much, it's good to eat it once in a while. What bothers him is that there are too many things to do when eating Western food. One dish is served one after another, and one dish can only be served after another. After finishing this dish, the knife and fork are still missing.

Have to change.

After Jiang Zhili listened, he looked at Zhang Dongshuo in confusion. The information he provided was a little inaccurate. He had specifically inquired about it.

Zhang Dongshuo was also a little confused. When they went abroad with Li Weidong, Li Weidong almost made Western food penniless in his words. He hated it. Did he change his gender when he got older?

However, Jiang Zhili's expression remained unchanged and he quickly said with a smile: "The chairman is right, it's just fine here, but it can't compare with ordinary restaurants in China!"

Then he continued: "It's easy to eat Western food. The Western food made in this hotel is very good, and it has even hosted the president. I'll call and make a reservation now!"

It would be great if Li Weidong likes to eat Western food. If he had known earlier, Jiang Zhili wouldn't have had to think about it for a long time and even called Zhang Dongshuo to consult about it.

"Let's go, I'm treating you!" Li Weidong waved his hand and took the lead towards the door.

Several people walked out of the room. Zou Yi's room was next to Li Weidong's. Jiang Zhili went over and knocked on the door. The door soon opened from the inside, and it was Zou Yi's assistant who walked out.

After seeing it was Li Weidong, he immediately said hello with a smile, and a voice came from inside, asking: "Is it Mr. Jiang?"

"It's the chairman and Mr. Jiang!" After hearing this, the assistant quickly turned around and said.

"Comrade Zou, let's go get some food!" Before Zou Yi could say anything, Li Weidong shouted loudly from outside, and the people nearby suppressed their laughter.

Li Weidong did not go in without permission. Please do not enter the lady's room unless you have permission. It would be embarrassing if there was anything offensive.

However, Li Weidong was obviously over-worrying. As soon as he finished speaking, Zou Yi and Fu Xiaomin had already walked to the door with their coats.

"Chairman is really...," Zou Yi was obviously very dissatisfied with Li Weidong calling her "Old Zou" and making loud noises in such a high-end hotel. Are you polite?

"What's wrong, what's the problem with having a meal? Besides, you must have a full dinner, otherwise you will easily lose sleep!" Li Weidong still didn't know what was wrong with him.

"It's okay, it's okay, you're right!" Zou Yi felt that he and Li Weidong were not on the same page.

"That's alright. I heard that you guys are working very hard today. I'm going to treat you tonight. You can eat whatever is expensive. You don't have to save money for me!"

Jiang Zhili is half the host, but he has no say in this matter. Unless he pays for the treat himself, it will all be Li Weidong's money.

Of course you can pay for it yourself, but since Li Weidong said he was treating the guests, Jiang Zhili couldn't help but say that he was treating the guests!

The hotel's restaurants are located below the seventh floor, and the most luxurious restaurants are on the seventh floor. When you get out of the elevator, two waiters will guide you into the restaurant's private room.

After entering the box, Li Weidong could understand why he was able to receive the president. This was not a box, it was just a restaurant!

There was a pianist playing the piano next to him, and the beautiful music filled the entire box. Together with the elegant and grand furnishings of the entire box, a sense of dignity arose spontaneously.

In a place like this, eating is only secondary, enjoying life is the real thing. Capitalism, having money is really good, you can spend money on every meal.

However, the food they made tastes really good and there is almost no fault to be found. Of course, the final bill also made Li Weidong feel heartbroken.

One meal cost an entire elementary school, and a bottle of wine cost more than 50,000 yuan. These people are simply too wasteful, and they only look for expensive dishes.

But he is not short of money, so he should reward these subordinates!

The next day, Li Weidong woke up very early. His jet lag was completely messed up. He didn't feel sleepy even after dark and didn't wake up until dawn. He forced himself to sleep until dawn.

Jiang Zhili's appointment was at nine o'clock, and Li Weidong arrived at the company after eight o'clock, naturally occupying his office.

Although he will not attend the meeting or show up, people still have to come and provide them with support. Any issues that come to him must be closed. He is the one who makes the decision.

Of course, just because he didn't show up didn't mean he wasn't participating. Li Weidong asked Zhang Dongshuo to go in and listen, so he could get first-hand information at any time.

Through the one-way window, Li Weidong watched these people enter the conference room one after another, as if he saw countless dollars flying into his pocket.

More than thirty companies, based on scale, account for almost half of the entire asset management and investment management industry.

Fortunately, the conference room reserved by Peking Capital is relatively large, otherwise it would be really difficult to receive these big bosses from various companies.

The meeting went smoothly. The reason why Li Weidong knew about it was because he had nothing to do all morning and had been playing games. No one disturbed him except for those who poured water.

But in the afternoon, there are more things to do!

"Pay it off in six months, are you kidding me?" Li Weidong laughed sarcastically when he heard Jiang Zhili reported that an investment company had proposed a payment method.

It's a trick of a white wolf with empty gloves. He makes money from his stocks and then pays back the money. If it fails, he doesn't even have to pay back the money.

This is using his money to make money. How can such a person with such a brain work to this day? If his subordinates can raise such a stupid question, they will be fired directly.

"At that time, Mr. Zou directly refused, but they believed that the one-time payment we proposed when transferring ownership was too harsh. It would be best if we could give it a grace period of one to two months!"

Jiang Zhili asked tentatively, there is an art to speaking, and it is true that six months was mentioned just now, but reporting or not is irrelevant, everyone in the world knows that it is not feasible.

But it will be different in one to two months. This is more in line with industry regulations. If you tell Li Weidong directly, it will definitely not work for so long.

"One or two months is too long. These shares were not sold to one person, and each family only had a few billion. Can they still get it out?"

Jiang Zhili felt a toothache. Billions were not money, but US dollars. He really didn't know who could easily come up with so much money.

"And it takes more than a week to sign the contract and transfer the ownership, which is enough for them to raise money!"

This was decided by Li Weidong. It is most normal to pay one hand and deliver the goods. However, for contracts with relatively large amounts, this is not always the case.

In later generations, Li Weidong heard and saw many such things. He signed an equity change contract and agreed to pay half at the time of transfer and another half within six months.

But a lot of things can happen in six months, and the company may even disappear. Where can you get the money? There may be many force majeure factors.

"Let's do this. When transferring the ownership, the principle is no less than 60%. The remaining balance must be paid within two weeks, but there must be a guarantee. This is the bottom line. You can control the specific situation yourself!"

Li Weidong naturally knew that his request was too strict, but the negotiations were always loosened, asking for high prices and paying back the money on the spot.

Li Weidong relaxed his demands, and the negotiation between Zou Yi and Jiang Zhili became easier.

The next day, most companies had no objections to the most important item and signed for confirmation, which meant that all the terms were consistent.

The platform is the same, but you have to rely on price if you want it. This also affects how much money Li Weidong can make by investing in Yahoo!

(End of chapter)