Vol 6 Chapter 473: Disappointed

? Gates can express his position so simply, it is really not because of Feng Yipingzi.

This involves more than 40 billion US dollars of transactions, there is no face to look at others.

Frankly speaking, from the time when the acquisition of Yahoo was proposed after the Spring Festival, they have tried both hard and soft, and they have tried their best. However, Yahoo, which was thought to be very good, has not been able to win. By then, many people are already waiting to see. Their jokes.

This is of course an important project before Ballmer is ready to completely take over Microsoft. Isn't it the last important project before Gates is ready to retire?

How satisfied is Gates now?

Really, he doesn't care about the success or failure of these people?

If he was really that kind of person, then he would have lost his enterprising spirit, and he would not have been the world's richest man for so many years.

There are some things that you may not care about when you can't get them, but if you get them, you still get them often. Once you lose them, the loss will be huge.

Because really speaking, at such a level, it is impossible to have what he really wants, but how many missed opportunities does he have?

Because there are few opportunities to lose, you will be especially lost when you lose.

In such a difficult time, Feng Yiping promised to help them remove the biggest obstacle, and also to join hands with them to purchase, increase their chances of winning while reducing costs. What is required is nothing but a possibility on their own. When you are excited, why not have the power to stop?

Gates is also confident that Feng Yiping will not be ready to shave him once before he is ready to retire.

"Gates, if there was a moment, I would say that it was a decision made by both of us," Feng Yiping said.

"You must have taken me into consideration for me. I fully believe in your judgment of the general trend," Gates said. "Then Feng, Jerry, leave it to you."

…………

At the end of the month, Chief Yang, who was so busy, was still invited to attend an event in San Francisco, a gathering of overseas students from both sides of the strait to celebrate Labor Day.

Of course, the purpose of his attending the party was not to celebrate Labor Day, but because it was Feng Yiping who invited him.

I don’t know if it was Feng Yiping who invited him. In the past two days, he also heard related rumors that Feng Yiping and Microsoft’s Ballmer had two contacts. Some even said that they are forming a joint team. Joint acquisition of Yahoo.

Chief Yang wanted to talk about this issue with Feng Yiping. Why at this time, with so many people, choose to stand on the opposite side of me?

Yes, in these two months, Chief Yang has faced not only Microsoft, but also Yahoo’s board of directors, especially those on the board who like to take advantage of this opportunity to profit for himself.

For example, the famous "wolf of Wall Street", Carl Icahn.

This Wall Street radical investor, known for his hostile takeovers and corporate predators, has successfully attacked TWA, MGM, Motorola, etc.

This time, as before, he is preparing to initiate a power of attorney contest, with the purpose of replacing all 10 members of Yahoo's board of directors.

Because in the past experience of Karl Icahn, the minority shareholders who stood with him and acted in concert did gain tangible benefits from dividends or stock prices-the cost is probably the core of the company High-quality assets are split and sold, or the development funds urgently needed by companies are forced to become dividends.

How many small shareholders or investors who have no say in the board of directors will care about these things?

They only value how much real benefits can be allocated to their own hands.

Although Chief Yang has urged shareholders several times not to sign or return any power of attorney sent to them by Icahn affiliates, it seems that many shareholders are already on the side of Kar Icahn.

The main reason for Carl Icahn’s power of attorney dispute was also that he hoped that Yahoo would accept Microsoft’s acquisition. For Yahoo’s minority shareholders, it is obviously a good choice to sell their Yahoo shares at a premium of more than 60%.

A person like Karl Icahn who has a successful precedent is willing to stand up and fight for their interests. Then, what does it matter if he entrusts him to exercise relevant rights on his own behalf?

Now that the economic environment is so bad, the Yahoo stocks in your hands can be sold at least at a price of more than 60%. Why not agree?

How many years will it take for Yahoo’s dividends to be distributed?

So for the current Chief Yang, on the one hand, he has to fight against Microsoft’s offensive, on the one hand, he has to appease the current board of directors, and on the other hand, he has to resist attacks by guys like Karl Icahn who are holding up many small shareholders. ...

As long as one of these three directions fails, then the company he founded will have nothing to do with him.

In such a situation, if Feng Yiping still comes to cut it horizontally, then he really cannot accept it.

He thought to himself that he was really good at Feng Yiping.

The meeting place this time was a bit special, it was a cruise ship.

Not long after Chief Yang arrived, the cruise ship departed and cruised in the San Francisco Bay Area for a while before sailing towards the open sea. Chief Yang, led by Wu Qian, arrived at the top deck of the cruise ship, and saw Feng Yiping standing in the wind, his face looked like, It turned out to be quite serious.

Are you serious?

"Yiping, tell me the truth? Is the rumor true?"

"Chief, please sit down first," Feng Yiping picked up the wine prepared on the table, "I think you need a glass,"

Chief Yang immediately understood everything, but he did not understand very much, "Why?"

"As a founder, can't you understand what Yahoo means to me?"

"As an entrepreneur of the most discerning and successful Internet company, don't you know the value of Yahoo?"

Of course Feng Yiping knows these two points.

Yahoo is not only important to Chief Yang, it is also important to the entire Internet industry.

It is not an exaggeration to say that it was Yahoo that laid the foundation of the Internet industry and created the existing Internet industry model.

Some are equivalent to the electric lights invented by Edison, meaning to the electrical age.

But can Edison accept his own General Electric and be acquired?

Therefore, Chief Yang naturally cannot.

Feng Yiping also knows the value of Yahoo.

Although Yahoo failed to successfully invest in Ali because of him, Yahoo itself is still the most popular website among American users. Together, all of Yahoo’s products still have the most users in the world. , One billion is not, but in any case it is an Internet company with more than 600 million.

At the same time, he still holds more than 35% of Yahoo Japan's shares, plus Yahoo’s own value, such as cash, convertible bonds, core and non-core patents, and Yahoo’s current value is indeed no less than 40 billion US dollars.

The reason why Microsoft’s 60% premium is less than US$40 billion is because the stock price does not necessarily reflect the true value of the company.

"Chief, trust me, I really understand everything,"

Understand all?

That being the case, why do you want to do something that makes me chill?

As a senior, I don't have any regrets about you.

Chief Yang drank the glass of wine that Feng Yiping poured him at once, obviously asking Feng Yiping to give an explanation.

"Chief, I am not only preparing to buy Yahoo with Microsoft, the purpose of inviting you today is also to persuade you to agree to sell Yahoo," Feng Yiping said.

"Bang", the always elegant Chief Yang patted heavily on the table, "Why are you doing this?"

Although the sea breeze was blowing on his face, he still felt boring.

He unbuttoned the two buttons on his shirt again and stood beside the ship's side. At this moment, the blue sea and blue sky all lost their color in his eyes.

He also understands what it means to join Feng Yiping.

That not only means that Microsoft has a very powerful partner ~www.wuxiaspot.com~ From then on, the Microsoft board of directors will not have any doubts about Microsoft's bid-even Feng Yiping agreed with such an offer, so what is there to say? ?

That is, Microsoft, which has no noise on the board, will act more effectively.

And because of Feng Yiping's participation, other people who were originally bystanders must be prepared to end the competition.

And there will be more and more Yahoo minority shareholders entrusting Karl Icahn to exercise their shareholder rights...

That means that he will face more directions and greater pressure.

And that, neither he nor the Yahoo he founded can bear the pressure.

"I think we have nothing to talk about, let them stop the boat, I want to get off the boat,"

"Chief, if I say that I made such a decision, to a large extent, it was really for you. Can you believe it?" A word floated behind him.