Wall Street Legend
Chapter 89 The Penguin Wants to Acquire the Fox
There are very few people who are willing to give up high-quality potential stocks. Those that Ye Dongqing has come into contact with recently are all slightly bigger fish in a fishing net.
For example, Google and Yahoo executives this year even considered acquiring it for US$5 billion. The valuation is higher than that of Amazon, which has already been listed. As its performance and users continue to increase, it is still growing at an almost crazy rate. Speed growth.
In this case, unless there is really no money, who is willing to sell its shares early? If this trend continues, they don’t know how much money they can make in the future, but the probability of profit is relatively high. Many top Wall Street investment banks , fund companies are eyeing it, there are more wolves and less meat, Ye Dongqing can't compete with them.
The reason why I couldn't go to Seattle was because MIH Group, together with Boni Ma, unexpectedly came to visit him and wanted to talk to him about financing.
With a valuation of US$220 million, he hoped to raise a total of US$50 million from him. He was not willing to accept anything less. For this amount, Bonny personally called to discuss the matter. He was planning to launch an acquisition. The funds were used to merge with a small company called "Sohu" and began to enter the field of portal websites.
According to Boni Ma, this company is currently listed on Nasdaq with a market value of more than 110 million US dollars. It recently intends to sell a large amount of shares and even complete the delisting process. Boni hopes to use shares and cash. way to complete this acquisition.
Fanned by Ye Dongqing's "butterfly wings", history has begun to change. Considering that the number of QQ users has exceeded 100 million, the portal website can certainly be built, but it still needs to be considered. After all, it involves 50 million US dollars, which is definitely not a small business. number.
After ending the call, he immediately turned on his computer and searched for information about Sohu. As a company listed on Nasdaq, English-language financial reports are a must.
After looking at it for a long time, I finally got a clear understanding of Sohu. For example, on the first day of listing in July 2000, the stock price reached a high of just over thirteen US dollars. It soon plummeted again, and is currently only at US$2.6. Wandering around, it was almost given up by investors.
They were baptized by the collapse of the Internet bubble just after they were listed. Now the three big brothers Sina, Sohu, and NetEase listed on Nasdaq have become brothers and have trouble with their capital flow. Sina has recently begun to rise slightly, and the other two companies have Still the same.
Tencent's current valuation is not as high as US$220 million, but as long as it can get a large amount of shares, this figure is not unacceptable. What really makes Ye Dongqing anxious is that he doesn't know what Tencent will do after acquiring the company. Whether it will become the Tencent he knows, the early stage of development is a critical stage, and even a little change may affect the future trend.
After all, I still don’t understand the Internet companies on the other side of the Pacific. If I switch to Google, Facebook, Netflix, etc., Ye Dongqing knows their development history and profit points very well.
Although Boni didn't say it, he could guess that he wanted to reverse takeover (backdoor listing). This alternative listing method has existed decades ago. He probably encountered some trouble with the Hong Kong Stock Exchange and participated in it. During the road show, I heard someone mention that it would not be available in the market in the near future.
In addition, Ye Dongqing can only have passive equity after financing, which is also an issue that must be considered.
The so-called passive equity means that no matter how many shares it holds, even 99%, it cannot forcibly interfere with the company's decision-making and operations. It relies on other shareholders to decide how to develop and enjoy the gains and losses brought by the equity alone.
As for the 50 million US dollars, Ye Dongqing had some money on hand, and with the ability of Freshwater Fund Company to attract money, he would definitely be able to get the rest in ten days and a half. The only question that needed to be considered was whether to agree to the other party.
Judging from the performance of MIH Group, this company may have doubts. It is only willing to provide 20 million US dollars in funds. The last time it contacted Ye Dongqing, it was still tough and changed its mind a bit quickly.
As a businessman, everything comes first. There are too many promising startups that have failed midway. No one wants to put all their eggs in the same basket. Even if Ye Dongqing knew that Amazon would become popular, he also invested in Netflix and Apple. stocks to hedge risk...
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No matter how good Tencent is, it is still someone else's company. Facebook is the "son" founded by Ye Dongqing.
He has no ability to interfere in specific development work. He only has so much knowledge in his head and knows nothing about programming development. He is only responsible for product positioning, company management and other aspects. After nearly two months of development work, more than 20 programmers at FB Company The members finally approved this Beta version and are ready to open a new round of testing to the public.
Originally, it would only take a month, but the plan could not keep up with the changes. During this period, employees often came up with new ideas. Ye Dongqing also discussed with Mr. Alfred House from time to time to add some new things to make the product more complete. The price was a little over 10,000 US dollars in cash, and more than 2 million US dollars were quickly spent.
Zhao Liuli will remove the stitches tomorrow, which will affect whether the girl can see things again. Ye Dongqing is a little nervous. It has been more than a month since the two "reunited", and their relationship has only improved slightly. Except for the period when they ran away to Xiangjiang, they have not gotten along. Not much time actually.
He went to an orphanage for a long time, which had some impact on Zhao Liuli. It was difficult to accept him easily. In addition, because of his young age, it was not surprising that there was a barrier.
After delivering meals to the hospital, Ye Dongqing drove to the new building next to the park. He unexpectedly saw Paul Kutcher there and asked in surprise: "You actually come to work in the company?"
"Students from Harvard and Stanford have just attacked the website and tried to change the beauty pageant rankings. It seems that those little guys are very dissatisfied. I will improve the firewall and leave immediately." Paul did not like Ye Dongqing who had threatened him. In order to Only money is needed to help.
Last week, he put the stolen information of students from more than 40 universities on a website together with their names and photos, and started asking students from these schools to vote voluntarily. The beauty contest was named "Who is the school?" Queen?", only pictures of women are posted, men are excluded, and lower-ranked information is deleted every day. Recently, competition has become increasingly fierce.
According to Ye Dongqing's idea, there is now a scuffle in the school, and then the three most beautiful girls from each school will compete for the title of "National College Queen".
Students love this kind of activity. After Paul posted the URL on their school website, it spread after a few days. Now it has more than a million clicks every day. Everyone, whether they are students on campus or others outside the school, can vote. …
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