Chapter 871 Stock Buyback
Alibaba's offer for 9.9% of Yahoo's shares is $3.8 billion!
This includes $3 billion in cash and $800 million worth of Alibaba Group preferred shares.
And Alibaba will also pay Yahoo a one-time technology and intellectual property licensing fee of $125 billion in cash.
This fee is actually Alibaba's compensation to Yahoo for the loss of the Alipay spin-off.
For Yahoo, getting this money will help them better fight against Google and Woaw.
"Yahoo's main business is facing challenges, and the cash obtained through this transaction will help the company cope with this challenge."
Barron's think tank once analyzed it for him:
"In addition, Yahoo's sale of its Alibaba shares is a partial realization of investment returns over the years. This transaction will appease Yahoo shareholders, motivate employees, and give the new CEO a win-win start."
Yes, Yahoo has changed its CEO again...
Since Jerry Yang resigned as Yahoo's CEO, it can be said that in the past four years, Yahoo's CEO has been changing like a revolving lantern.
Among them, the longest-serving CEO is Carol Bartz, the "Iron Lady" who succeeded Jerry Yang as CEO. She is also the longest-serving CEO, four days away from reaching 1,000 days as Yahoo CEO.
Of course, Alibaba's boss Ma also started to have a bad relationship with them after Carol Bartz took office as Yahoo CEO...
After Carol Bartz, the CEOs of Yahoo include Tim Morse, Scott Thompson, Ross Levinsohn...
The longest-serving CEO was only more than four months.
In July this year, Yahoo officially appointed Marissa Mayer, the former vice president of Google, as the company's new CEO - this is also a tough female CEO, but in Barron's impression, her performance at Yahoo is remarkable.
It's not like Ma didn't have the idea of buying back the Alibaba shares held by Barron. After all, although his relationship with Yahoo is more tense now...
But unlike the original time and space, Yahoo now only holds 9.9% of Alibaba's shares. Even if the relationship between the two parties is bad, they can only cause some minor troubles for Ma's operation of Alibaba, and cannot threaten his control over the company.
On the other hand, Barron, through DS Holdings (Cavendish Trust), holds 26.79% of Alibaba's shares through 12h23 Capital...
The two parties together control 39.45% of Alibaba's shares, which is much higher than the 31.66% held by Ma and his team...
However, unlike Yahoo in the original time and space, Barron has always given the voting rights of his shares to Ma through agreements without damaging his own interests. This is the biggest support for him among Alibaba's investors - unlike Yahoo in the original time and space, although part of the voting rights were given to Ma, a deadline was stipulated, and it was only when the deadline was about to expire that Ma decisively repurchased Yahoo's shares.
Moreover, Barron also promised Ma that within one year after the overall IPO of Alibaba, he would reduce some of his holdings in Alibaba's shares, so that the total holdings would be below the proportion of Ma and his team, which also made Ma feel more at ease.
In Ma's opinion, the other party is unwilling to let Alibaba buy back shares now in order to sell them at a higher price after listing, and naturally does not want to affect the cooperation relationship between the two parties because of these things.
And this time Alibaba repurchased Yahoo's shares, Cavendish Trust and Standard Chartered Bank owned by Barron also provided financing for it. Of the $3 billion in cash to be paid to Yahoo, $1.5 billion came from loans from Standard Chartered Bank, and the other $500 million came from Alibaba's preferred shares purchased by Cavendish Trust.
It is also this kind of support that makes Ma very grateful to Barron.
This time Wang Wanting returned to Hangzhou, in addition to representing Cavendish Trust Fund to talk to Ma about cooperation, there is another purpose, which is to take the child back to Hangzhou to visit.
Now Wang Wanting and Barron's child, Eden Cavendish, is four years old. This is not the first time Eden has returned to Hangzhou. It's just that the last time Wang Wanting brought him back to visit Eden's grandparents, he was not yet one year old, so he had no memory.
With half Chinese blood, Barron and Wang Wanting also hope that Eden can learn more about China, so they occasionally take him back to China when they have time, especially Hangzhou, where Wang Wanting was born and grew up, which is also what they hope for - not to mention that Wang Wanting's parents have visited her in London twice before, but the two are not used to living in London for a long time, so they still returned to Hangzhou. They returned here because they also missed their grandson very much.
Fortunately, it is before the National Day holiday, and the tourists in Hangzhou are not so exaggerated - just like when I accompanied Barron to Hangzhou for the "first time", it was during the National Day holiday, and I saw the crowded scene of West Lake...
...
"Oh my God, I didn't expect him to do such shameless things..."
When Tamaran Ecclestone sat down at the dining table, picked up today's newspaper that the maid put on the table, and saw the front-page report, he exclaimed:
"I remember that I liked watching his show when I was a child. This is terrible!"
"It's normal that you don't know. After all, many of these things happened before the 1990s..."
What they were talking about was the heavyweight scandal on the front pages of many newspapers today - the sex scandal of Jimmy Savile, a well-known BBC host.
Speaking of Jimmy Savile, he is a very well-known figure in Britain - he was a household name and a popular host from the 1960s to the 1980s, and a leading star in the British broadcasting industry.
Jimmy Savile was also an enthusiastic philanthropist who often called for donations for disabled children and had a charity foundation named after himself. It is said that he raised as much as 40 million pounds for various charitable funds in his lifetime, and 90% of his lifetime income was donated.
And Jimmy Savile is also a friend of the British royal family and successive prime ministers. In 1990, Jimmy was awarded the title of knight by the Queen of England for his outstanding contributions to charity.
Jimmy was also a good friend of Mrs. Thatcher. It is said that when Mrs. Thatcher was prime minister, he appeared in her house 13 times in a row, kicked off his shoes, sat in front of the fireplace, and watched Christmas programs with Mrs. Thatcher.
On October 29 last year, 85-year-old Savile died. At that time, Prince Charles of Wales and his wife Camilla once paid tribute to him.
But less than a year after his death, the halo had not faded, and the hideous and ugly other side of his life was exposed.
