Reborn Super Bank System

House seemingly endless rain.

This is not rain.

Is it a knife?

A company runs out of liquidity and borrows to repurchase its own shares. If the two appear separately, it’s nothing. American listed companies almost always buy back their own shares.

It's just a different purpose.

If the stock price is stable, that is bad news.

If it's the end of the year, it's good news.

Obviously.

It is mid-year.

Yahoo's life-saving rhythm is difficult. Therefore, the market is very strong and immediately responded to this news. Many retail investors are prepared to take advantage of the repurchase funds to stop before they run out.

And after it was revealed that the funding chain dried up.

One bad news after another came out frequently.

Yahoo again confused,

"..."

It hurts. Yahoo’s board of directors is so angry that they want to scold their mother, but they can’t find a punching bag. Now, Yahoo’s several strategic mistakes have become marginalized, and the name is worth a little money.

They are quickly calculating what assets they can sell.

Just then Ali appeared in the field of vision.

Ali has not yet been listed.

The market value is difficult to estimate.

However, according to the amount of financing, plus Ali's industry status and future prospects, the valuation given by the relevant departments of Yahoo is about 7 billion US dollars, which is a more reasonable valuation.

Yahoo holds 39% of Ali's shares.

If it is all sold at a premium.

At least 3 billion U.S. dollars. This is still a conservative estimate. However, Yahoo is unlikely to sell all Ali shares in its hands. At most, it will sell half of Ali shares with a market value of 1.5 billion U.S. dollars.

Compared to the billion dollars invested.

It also made a lot of money.

And this time the buyer was Tang Qing.

A big wealthy man, they all want to'knock a fortune'. Therefore, their premium is 100%, which means that Tang Qing wants to buy half of their shares at least three billion US dollars.

"I don't think it's appropriate." Yang Zhiyuan said at this time.

The others looked at him.

Cast a bad look.

Yang Zhiyuan is Chinese.

They preconceived that this was speaking for Tang Qing, and Yang Zhiyuan calmly explained it.

"First of all, we have to clarify one thing. In the future, what is the relationship between us and Tang Qing? If the transaction is successful, he will become one of Ali's major shareholders. Will we have a grudge with Tang Qing?"

"Secondly, with such a high premium, will Tang Qing agree that if he abandons the acquisition, the small cooperation may be ruined. In that case, as Ma Yun said, we may miss an opportunity."

"Finally, and most importantly, if this transaction fails, it is not just a crisis in Yahoo's stock. The subsequent listing in Xiangjiang will affect Alibaba's stock price? This is a realistic question before us."

A few questions were thrown out.

The meeting room became quiet.

"What do you think?"

Asked another Yahoo founder.

"We must first establish a consensus that these shares are sold for the purpose of obtaining funds, at least so that Yahoo’s operations will not have problems, and incidentally, to maximize the value of our investment."

"So, I think 50% is a relatively reasonable premium. If it's too much, Tang Qing disagrees. Who do we sell to? SoftBank is impossible. Ma Yun will not allow anyone to independently control Ali's percentage. 50 or more shares."

Yang Zhiyuan analyzed that Yahoo can decide how much to sell the shares, but Yahoo can’t make a unilateral decision on whom to sell to. Even if the island nation of SoftBank wants to buy it, Ma Yun will definitely not be willing.

The words came out.

Many directors quit.

"Only a 50% premium? Too little, Tang Qing is so rich."

"Yes, at least ninety."

"Yes, I think the premium is not more than two hundred."

"..."

greedy.

It can make people lose their senses. Yang Zhiyuan sighed in his heart. The forest is big and there are all kinds of birds. Especially for this kind of Internet company with complicated shareholder structure, the quality of investors is really important.

Financing again and again.

Let him, as one of the two founders, have less than 4% of the shares.

If not for the founder.

It is estimated that no one listens to himself.

At this moment.

A major shareholder said.

"Mr. Yang is right. If we introduce Tang Qing into the market, it will be a great benefit to Ali's listing. Now Tang Qing is already the richest man in China. If he says he is not optimistic and competes with Ali, we may lose. Bigger."

"Don't forget, Tang Qing is good at creating miracles. In the future, no one can say, but he must have a place. As for Xiaoxiao, after you understand it, you will find that it is very powerful."

Yang Zhiyuan gave this major shareholder a thumbs up in his heart.

Finally there is a brain to understand.

Short-term benefits.

Long-term benefits.

The trade-off between the two.

This is the core that Yang Zhiyuan wants to emphasize.

"Little, what's so great?"

"It's just a small piece of software. Ali can do it, and so can we."

"This is the investigation report of Tianyan, look at it."

Yang Zhiyuan sent a document to the person who was doing it, which he investigated a few days ago. It contained the global business model and share of Skyeye Group, as well as a small evaluation report.

ten minutes later.

Finished reading.

They were silent.

Ali can do it.

Yahoo can do it too.

but.

People have now become the climate, and they are advancing by leaps and bounds in the international market. Yahoo will follow suit. It is too late. People simply grow non-stop, and it is not their expertise.

As for Ali?

Is Ma Yun willing to smash with Tang Qing?

Can this solve the current funding problem of Yahoo?

the answer is negative.

"Xiao Xiao, in Ma Yun's opinion, it is the same as Qingyuan Technology, which has not yet announced the'Era'. Once it is released, the world will collapse and the market will shuffle. Therefore, I am very optimistic about this cooperation." The independent shareholder admitted frankly. .

"You said, how about we exchange shares of Alibaba for shares of Qingyuan Technology?" one person asked.

then.

There are still people moving.

But most people look at him like an idiot, Qingyuan Technology?Leaving aside the future prospects of this company, just say that you have changed shares. How can Yahoo's current financial problems be solved?

Do you give money?

therefore.

This proposal has no meaning for discussion.

at this time.

Yahoo's shares are also displayed on the wall in real time. Looking at such green lines, they feel distressed. In just two months, the market value has evaporated by 20 billion US dollars. It can be said that it hurts to the bottom of my heart.

Nowadays.

It is possible to record the biggest one-day drop since Yahoo’s listing, and looking at the number of outstanding shares, they expect that the decline will stop soon, because...The stock they bought back did not sell.

In other words.

They will soon become the last takers.

therefore.

It's not empty in a short time, but don't even think about it.

"I agree to sell half of Yahoo's Ali shares, but at a premium of 60%. This is our bottom line." In the end, after another founder weighed in, the Yahoo board passed the resolution.

...

The news was sent back to China.

Ma Yun called Tang Qing in person.

this price.

Tang Qing didn't reply either. Twenty percent of the shares are still a bit small. However, with the exchange of shares between Ali and Xiaoxiao, after this time, he should be able to control about 30% of Ali's shares.

As for the remaining Ali shares in the hands of Yahoo and Softbank.

Tang Qing didn't worry.

next year.

In the financial crisis, he will let the two parties spit out some more, especially Yahoo, who has now become the taker of his own stocks. With his money, he can maintain it until next year, but that's all.

After next year.

Yahoo.

It is estimated that he will file for bankruptcy. For Tang Qing, there is actually another choice, that is, not to cooperate now, and wait until Ali's stock price plummets next year, but he finally did not choose to do so.

Just a little money.

What are you doing so complicated?

We are not bad for money.