Wall Street Legend

Chapter 268 Increase in holdings (14)

"We have tried to contact several companies, and the quotations are generally relatively high. I think it is better for you to talk to them in person. Apple's stock price has risen a bit in the past six months, and a premium of 30 to 35% is enough to attract By the time they sell, theoretically speaking, Apple's board of directors will not be able to gather enough objections. It would be more expensive to forcefully remove those independent directors who oppose you. It is better to divide them directly from within and kick out the core people first.

However, I know that you have an extraordinary obsession with Apple. Increasing your shareholding should be part of your plan, right? I have an idea of ​​Apple’s next development direction, and I’m actually quite optimistic about it. the development prospects of this company. "

Mr. McCord is a smart man, and may not have as far-term vision as Ye Dongqing, but he can manage Tamsui Investment Group in an orderly manner, which is enough. Development strategic planning and other matters are what Ye Dongqing considers. He only wants an internal company A stable company where managers follow their wishes unconditionally.

Ms. Vigo was obviously a little worse back then. She started to be half-hearted as soon as she achieved a little success. I heard that the fund company she founded with others did not succeed and lost a lot of money. I believe she has begun to regret her original choice. , gave up a stable high-paying job, and failed to start a business. It is not easy to find a suitable job at her age, and she is still a woman.

I often hear people say that women’s rights have reached new heights in the 21st century, but that height is only relative to their previous status. Especially in the financial field, male employees are more popular.

Ye Dongqing acquiesced to these words and did not intend to defend himself. He had planned to make a fuss about this dispute and launch a new round of forced acquisitions until the shareholding amount exceeded 51%. When no one within the company can challenge his authority, and when money is made, he can get more of it. It is a high-growth asset that is more suitable for long-term holding. It is just a matter of convenience to get rid of those independent directors.

He and them are at different heights, probably the difference between a wage earner and a boss. There is no need to really get angry about this. As a businessman, the main reason for thinking about problems is profit.

He said to Mr. McCord: "Just assume that what you said is right. Why do you want me to talk to them in person?"

"The small and medium-sized shareholders who currently hold Apple's stocks are those who are more optimistic about Apple's prospects. If they are not optimistic, we have already bought it last time. You can talk to them about the conflicts with the board of directors and create a Give the illusion that Apple will cause turmoil due to the power struggle, and show impulsiveness, so that the group of people feel that they can take the opportunity to make another profit based on your quotation. This way, the probability of successful purchase is higher, at least than that of your subordinates. It’s better to talk to people.”

After Mr. McCord finished speaking, he added: "Waiting until others hear the news and then asking other people in the company to talk to them should have a good effect."

"Okay, give me a list, and I'll take the time to talk to them in person. It's best to be an investment company like that in New York." Ye Dongqing readily agreed.

"Okay, Japan's SoftBank Group probably won't work. Even the most professional venture capital companies only have about a ten percent chance of not losing money, and the goal of successfully making money through investment is less than three percent. In The probability of investing in super potential stocks like Google and Amazon in the early stage is even less than one percent. You should know how many Internet startups there are in the world.

According to my understanding, Sun Zhengyi has made ten times the original investment amount by investing in Alibaba. This company has just begun to develop and has achieved good results. Even I am optimistic about its market potential. With his style of business How could the big investors not see it? The more contact we have with him, the less likely Son will sell it to us. Unless we give him a high price that he can’t refuse, the premium may be about double, which is not cost-effective. "

Venture capital is not that easy to do. Except for Ye Dongqing, no one knows what the future world will be like, and no one can be sure which company will become popular in the future. Therefore, if there is no shortage of money, venture capitalists invest in I like to hold on to a good company until it has exhausted all its potential before considering changing hands. Ten times the profit may seem like a lot, but you must know that this is an Internet company, and there are companies whose valuations have soared ten thousand times, such as eighty Microsoft at that time.

"Forget it, I'm talking to the founder of Alibaba Group about a new round of financing. I don't have to just focus on SoftBank Group. There is also MIH Group. I don't seem to have seen any record of negotiations with it. Is it possible? Get more Tencent shares from them at a premium?”

These are the key issues that Ye Dongqing pays attention to. Mr. McCord has been watching them personally and told with a smile: "We are still talking, but we should be able to succeed. Unfortunately, the price will probably be very expensive. It is easier for them than Masayoshi Son." We have to deal with them too much, you know, the Japanese are naturally shrewd and they almost defeated the United States economically back then."

"How much will it cost?"

"The premium is between 30% and 35% based on the valuation of US$400 million. We are still discussing the details with people from MIH Group. They have just changed their CEO. It doesn't look like it is. The kind of people who value the Internet industry are over 50 years old." McCord pointed to his head: "The concept is relatively old, and we pay more attention to immediate interests. The bargaining chip we gave is quite considerable."

The valuation of US$400 million means that since Ye Dongqing invested in Tencent Group last year, its valuation has approximately doubled, and its growth rate is relatively impressive.

He has no intention of listing this company yet. In his opinion, Facebook will probably be the first to go public with an IPO. However, until the situation reaches a point of necessity, he still has no intention of listing these companies prematurely. Tencent is short of money. , Ye Dongqing would rather give him a low-interest loan than let him go public. The current market value is only so small. If the shares are diluted early, he will definitely suffer a big loss in the future.

According to Boni, the co-founders around him have different views on this matter. MIH Group also hopes to go public as soon as possible, but because the loan has been received, he is temporarily suppressed. The two just talked on the phone yesterday. Communicated.

“This number is not bad. Times are constantly changing. I don’t know when we will become what others call antiques. We should continue to learn and keep up with the times.

I forgot to tell you something. Next, two helicopters will be purchased in the name of Tamsui Investment Group, and a high-rise building will be built. Help me ask where Mayor Bloomberg is. I would like to make an appointment with you today. After meeting him, he is now going to help me choose a good, relatively large piece of land, preferably here in Midtown, or near Central Park..."