Chapter 2084 Space in Contradiction

Boss Ma's business management level is really not very good. He has been neglecting the practice for many years because of collective opposition from the internal management.

Whatever business he is in charge of will die.

However, this does not affect his qualifications as a world-class entrepreneur, superb strategic design capabilities, firm belief, strong courage, and the ability to recognize people... and a very important point is the ability to operate corporate power.

Alibaba's operations were very difficult in the early years, and it was on the verge of death several times. Foreign capital came to the rescue at critical moments, so Alibaba's shares were basically taken away by foreign capital.

Boss Ma’s personal shareholding is also extremely low.

In the past few years, Alibaba's failure to live up to expectations gave him no confidence to compete with SoftBank and Yahoo for additional voting rights... Therefore, Alibaba has always had the same shares and the same rights.

How many shares you hold equals how many voting rights you have.

This makes Ali's entire management very passive.

Fortunately, there is Boss Ma.

He has a long sleeve between SoftBank and Yahoo.

SoftBank’s voting rights are 30%, and Yahoo’s voting rights are 40%. This means that as long as Boss Ma wins the support of either SoftBank or Yahoo, he can control the company.

Boss Ma was very straightforward and chose SoftBank directly. By establishing a good relationship with Masayoshi Son, he even became a director of SoftBank, thereby gaining SoftBank's support to ensure management's control over Alibaba. But after all, this is not a long-term solution. How can we place our hopes on outsiders?

This time against Yahoo, Boss Ma will completely solve this problem.

Zhou Buqi had never felt it before, but this time he saw it. Boss Ma's power level in the company and his ability to strategize were really brilliant, and he teased Sun Zhengyi all over the place.

Boss Ma refused to admit it.

Zhou Buqi went to expose him and said with a smile: "Let Sun Zhengyi come forward and handle the acquisition of Yahoo. He also accepted his plan and introduced Blackstone Group and Bain Capital. By then, once the acquisition fails, The person responsible is Masayoshi Son, and it has nothing to do with you."

Boss Ma couldn't hold back his expression anymore and laughed angrily at this kid. It wasn't that he was wrong, but that he was right, "Go on! Go on, let me see what other nonsense you can talk about?" "

Zhou Buqi said: "Let Sun Zhengyi handle the acquisition of Yahoo, it will definitely fail. Yang Zhiyuan is Chinese, and his relationship with you is better than his relationship with Sun Zhengyi. Therefore, on the surface, let Sun Zhengyi represent the three parties, go Talk to Yahoo's board of directors about the acquisition. Behind the scenes, you will have other plans with Yang Zhiyuan."

Boss Ma refused to accept it and snorted: "Is this possible? Isn't this against business ethics? Here, I cooperated with SoftBank, Blackstone Group and Bain Capital to acquire Yahoo, and behind the scenes I contacted Yang Zhiyuan privately. Even if it succeeds, What's the point? Aren't you offending SoftBank, Blackstone, and Bain Capital?"

Zhou Buqi smiled and said: "So this is your cleverness, let Sun Zhengyi come forward to handle this case. By then, Sun Zhengyi failed to acquire Yahoo, but you officially announced the cooperation with Yahoo half a year later. Blackstone Even if the Group and Bain Capital have complaints, they will feel that Masayoshi Son’s level is too low and that Masayoshi Son has teased them and put the responsibility for the failure on SoftBank, leaving SoftBank to take the blame.”

Boss Ma shook his head repeatedly, "You have such imagination, you should really become a screenwriter and make movies."

Zhou Buqi pointed to his chest and said with emotion: "Now I also want to understand why you didn't even notify me of such a big thing. Anyway, I still have some influence in Silicon Valley. I can still help you a little bit. Now it’s clear, you are trying to show your loyalty to me. You don’t want to tease me like you teased Son Zhengyi.”

Boss Ma lost his poker face and said with a smile: "You are really capable of being sentimental."

Zhou Buqi winked and said, "Don't tell me, I'm quite touched when you understand the twists and turns here. After all, Son Zhengyi is a foreigner, and we are our own people."

Boss Ma smiled and said, "Keep talking. The level of storytelling is quite high and it's quite interesting."

Zhou Buqi continued to tell the story without being polite, "Yahoo is now in big trouble. There are two ways before them, either to sell or to hire a new CEO to start over. However, the previous CEO has already The cash flow on Yahoo's account has been squandered, and Yahoo is in a bad situation, and it has been difficult to obtain new loans or financing. And now it is just in the transition period from PC Internet to mobile Internet, and it will cost a lot of money to do so. This matter will lead Yahoo's layout and development of the mobile Internet. If Yahoo's board of directors cannot raise enough funds, the new CEO will be a skilled woman who cannot make a meal without rice, and may not even take office at all."

Boss Ma was sipping his tea with his head down, turning into the poker face he had just now.

Zhou Buqi asked with a smile: "Am I right? I just came from Australia, and I really don't know much about Yahoo. I guessed this from some words."

Boss Ma said with a smile: "Okay, stop fooling me. You have already read Yahoo's related materials several times, right?"

"I feel relieved when I hear you say that. It seems I was right." Zhou Buqi nodded, quite satisfied. He really didn't read any Yahoo materials. He just listened to Senior Sister Zhen Yu say something about the current situation. The situation of all parties is mainly based on his personal judgment. "So to put it simply, there are only two ways in front of Yahoo. One, sell it; two, find new funds, and then stand up and fight again."

Boss Ma said angrily: "How dare you say you don't understand Yahoo's situation?"

Zhou Buqi said sincerely: "Really, it's all my reasoning. Listening to your tone, I know I'm right. Then the next step will be easier. If we take the road of selling, Yahoo will be the first The board of directors has different opinions. Microsoft’s US$44.6 billion solicitation offer three years ago is still fresh in our minds. How much can we sell Yahoo now?”

Boss Ma asked: "What if they really want to sell it?"

Zhou Buqi said: "If they really want to sell it, it will not be in your interest."

"Why?"

"If Yahoo really wants to choose to sell it, it will have to go through a very complicated internal battle to get it passed. Moreover, Yahoo is a listed company, which makes the sale process more difficult. In addition, there are third parties such as Blackstone Group and Bain Capital. Capital institutions are involved, and all parties have different auditing standards... Coupled with constant bargaining to convince regulatory agencies, it will be difficult for the entire transaction to be completed within a year or two."

"Well, that's my opinion too."

Boss Ma sighed and finally began to express his views.

Zhou Buqi smiled and said: "If it really comes to this point, it will be too unfavorable for you. Now, the domestic group buying wave has just collapsed, the domestic e-commerce industry is in a depression, and Ali's B2B business is in Hong Kong stocks The stock price has been falling continuously, and now is probably the period when Alibaba’s valuation is at its lowest. Raising 5% of the financing and only getting US$1.6 billion is an example of this.”

"You have such a broad mind."

Boss Ma's words were acquiescence to his statement.

The default is consent.

Zhou Buqi said: "So the best thing for Ali to do is to complete the transaction with Yahoo as soon as possible without delay. Once delayed, the domestic e-commerce environment will improve, and Ali's valuation will rise. By then, The cost of recovering the stock from Yahoo has increased significantly."

Boss Ma was silent for a while, and finally started talking, "The main thing is not to have long nights and long dreams. Although Yang Zhiyuan is no longer the chairman of Yahoo, nor is he the largest shareholder, he is the founder after all and has a huge say in Yahoo's board of directors. . He will not be willing to sell Yahoo, at least it will not end in such an embarrassing ending three years after rejecting Microsoft's $44.6 billion offer. Once internal and external forces are pressing, everyone is pushing for the sale of Yahoo. I’m afraid it will get out of control by then.”

Zhou Buqi thought deeply, "Well, we have long nights and lots of dreams, so we should really be vigilant."

Once Yang Zhiyuan is angered, he may jump over the wall in a hurry.

Yahoo is his hard work and a lifelong career achievement. If Boss Ma intends to destroy him, he may die in one move.

It's a little difficult to fire Boss Ma, but he can work it out and sell Yahoo's part of Alibaba's shares to SoftBank or some Japanese institution.

By then, SoftBank's voting rights in Alibaba will exceed 50%, and it will be able to control the board of directors, which will be a disaster for Alibaba.

Boss Ma told the truth, "Yang Zhiyuan doesn't want to sell. Son is not afraid, but I am very worried. Anyone can force Yang Zhiyuan, but I can't. I want to coax him to come and take advantage of the current conflict between him and Son and differences on whether to sell Yahoo to seek the most practical interests for Alibaba."

Zhou Buqi suddenly realized: "Let Son take charge, it turns out that it also has this meaning, which can intensify the contradiction between Sun Zhengyi and Yang Zhiyuan. The greater the contradiction, the greater the operating space in the middle."

Boss Ma said with emotion: "I have communicated with Yang Zhiyuan several times. He does not want to sell Yahoo. Microsoft's US$44.6 billion offer three years ago was a thorn in his heart. What he hopes most is to get a sum of money. Then we will find a new and suitable CEO for Yahoo, lead the company to start anew, and reshape Yahoo’s brand in the era of mobile Internet.”

Zhou Buqi smiled and said: "So this is your opportunity. You want to take back the power, and he wants to get cash. With Ali's current low valuation, he has to transfer enough shares to get a sum that is enough to let Yahoo Funds making waves in the mobile Internet era.”

In the previous life, Alibaba recovered 20% of its shares from Yahoo at a cost of US$7.6 billion, which means that Alibaba's valuation in this transaction was only US$38 billion.

You really can’t sleep long and dream too much, you have to trade as soon as possible.

If it is delayed for a few more years, Ali's aura of dominance will no longer be concealed, and he will dominate the world with great arrogance. If you want to take back the shares at that time, the price will be too high.