Chapter 2350 A fair price

In fact, Yahoo has been cooperating with Samsung since 2000.

However, the cooperation at that time was with Yahoo Korea, which mainly promoted Samsung products through Yahoo Korea’s news, search and other businesses, and Yahoo Korea’s e-commerce channel to help sell Samsung products.

At that time, the Internet was still a very new thing, and many old guys within Samsung did not take it seriously. It was the young Lee Jae-yong who promoted and led this matter.

With this relationship, it is more reasonable to sell Yahoo Korea to Samsung Electronics.

Li Zaiyong said with embarrassment: "Many people in the company have some misunderstandings about the Internet business. Many people do not want to get too involved."

Zhou Buqi refused to listen to his deception and said in a very precise tone: "If there are still misunderstandings now, it is too late. The Internet is replacing many industries, such as traditional media. In the past few years, newspapers, magazines, paper The sales of books have dropped significantly. Now the emergence of streaming media platforms will also hit the TV industry."

When it comes to TV, Lee Jae-yong is very vocal, "Indeed, the TV industry is very dangerous. Young people prefer tablets to TV sets."

Zhou Buqi said with a smile: "Even if you watch TV, it is not a traditional TV model. Instead of watching a traditional TV station, you can watch programs through a smart TV connected to a streaming media platform on the Internet."

Li Zaiyong glanced at him, "Yahoo Korea has a lot of assets, right?"

Zhou Buqi said in a deep voice: "Well, there are mainly four parts. Yahoo Korea's business, Yahoo Korea's technical reserves and intellectual property rights, the cash flow on the account, and the right to use the 'Yahoo' brand in Korea."

"Yahoo..."

Li Zairong immediately became excited.

The most exciting thing is not the technology, but the brand of Yahoo!

He was concerned with national sentiment.

His father was arrested a few years ago. Although he was quickly pardoned by the president and released, the social controversy caused was huge and has never been resolved.

Not only that, but so is he.

A female star committed suicide.

This is nothing.

There are many such things.

Just an actor, no one cares.

The key is that this female star is very scheming, she left a suicide note before she died. The suicide note was filled with accusations and contained a long list of dozens of people.

Among them is Lee Jae-yong.

Although all parties later exerted pressure to suppress the incident and banned the exposure of the contents of the suicide note, many gossips have already spread.

Some female celebrities have died, but many people with similar experiences are still alive and talking nonsense in society, which has caused a very bad social response.

This gave Li Zaiyong a headache.

If at this time, the Samsung prince presided over a big deal, and Samsung Electronics completed the acquisition of the American Internet giant Yahoo... How heroic and magnificent would that be? What kind of national pride will emerge?

As for whether the acquisition is Yahoo or Yahoo Korea, there is no need to make a clear distinction.

Anyway, in South Korea, Samsung Electronics did acquire Yahoo. The national self-esteem has risen, and Li Zaiyong can rely on this kind of righteousness of family and country to cover up the minor details without covering up the flaws.

Zhou Buqi glanced at him and said with a smile: "For us in the Internet industry, the biggest headache is the Korean and Japanese markets. This is especially true for the Korean market. The local patriotism here is too strong, and it is difficult for foreign brands to survive. Yahoo and the like This is the main reason why it didn’t develop in South Korea in 2017.”

Lee Jae-yong knew this clearly, "You can't be patriotic. The peninsula is only a temporary truce, not an armistice. All men must serve as soldiers."

Zhou Buqi nodded, "Many foreign Internet giants are also having a hard time in Japan, but Yahoo is the largest Internet giant in Japan and has been for more than ten years. The reason why it can do this is because Yahoo Japan is not Yahoo The subsidiary only obtained the right to use the Yahoo brand in Japan. Yahoo Japan is owned by SoftBank and is a local Internet company in Japan."

Lee Jae-yong half-smiled, "Do you think it's possible for Samsung to recover in business after taking over Yahoo's Korean business?"

Zhou Buqi said seriously: "Why not?"

Li Zaiyong shook his head repeatedly.

Zhou Buqi said: "Maybe it will become the largest local Internet company like Yahoo Japan. Hmm... By the way, isn't South Korea's NHN also closely related to Samsung?"

Speaking of this, Lee Jae-yong was very annoyed, "Yes, Naver was originally an internal entrepreneurial project of Samsung, built by a few engineers. Later, it merged with a game company and became NHN Group, which was later listed on the market. But Samsung has always been worried about the Internet business internally, and has sold all its stocks in the past few years. Especially during the subprime mortgage crisis, they were worried that Internet stocks would become waste paper, and they basically sold out all their shares."

This is not surprising.

Within Samsung, who can control the Samsung Prince?

It must be his father!

However, his father suffered a cerebral hemorrhage a few years ago, and was later arrested and sentenced. He has been recovering in the hospital since the amnesty. Otherwise, as the boss of Zhou, the boss of Samsung must come forward to receive him, instead of just asking Li Zaiyong to come forward.

Zhou Buqi smiled and said: "Aren't you in charge of Samsung now? Smartphones and smart TVs are all your big projects. They are all critical decisions that can determine the life or death of the business, and they are all related to the Internet."

Li Zaiyong waved his hands repeatedly.

Very proud.

But it's not good to speak ill of your father behind his back.

Next, Zhou Buqi showed his trump card, "You know, I invested in an Internet company in South Korea called Kakao, which has developed very well in the past few years. If you are not interested in Yahoo, I will operate it and promote Kakao Go buy Yahoo. I heard that Chung Mong-koo wants to run for president of South Korea, and his family is very interested in this matter."

Lee Jae-yong smiled sadly: "There's no way he can succeed in the election! He can't even be a candidate!"

The chaebol are already extremely wealthy.

It is impossible for them to take power and become the president. The people will not agree to it.

"I don't quite understand the situation in South Korea." Zhou Buqi smiled, then straightened his face, "But Yahoo will definitely withdraw from South Korea, and Yahoo South Korea's business will choose to be sold. It's just that Yahoo South Korea has been the largest business in the past few years. The customer is Samsung, and the management hopes to be integrated into Samsung’s system.”

Li Zaiyong said "hmm" and seemed to be embarrassed, "We have no experience in managing Internet companies."

Zhou Buqi smiled and said: "Let's try it. If it doesn't work, we can promote the merger of Yahoo Korea and NHN."

Li Zaiyong was silent for a moment, "What about the price?"

Zhou Buqi said simply: "I think US$1 billion is a very fair price, and what I need is cash."

"What?"

Li Zaiyong was startled and inexplicably shocked.

Zhou Buqi shrugged, "If the price is not fair enough, I can't explain it to the board of directors. Within Ziweixing, everyone hopes to sell Yahoo Korea to Kakao to further strengthen Kakao's strength in South Korea. It's just that What I value is a more comprehensive and all-round cooperation with Samsung, not just the Internet."

Li Zaiyong shook his head, "Then the price is a bit too high!"

Zhou Buqi did not answer the question and suddenly changed the topic, "By the way, I heard that Nexon, the largest gaming company in South Korea, moved to Tokyo?"

Li Zaiyong's expression was not very good, "This kind of behavior is no different from treason!"

This matter is indeed serious.

This is different from domestic IT companies such as Alibaba, Baidu, Shanda, and Giant.

These domestic companies are only nominally headquartered in the Cayman Islands overseas. This is a corporate form formulated for the VIE structure to be listed overseas.

In fact, the business entities of these companies are all in China, and their tax returns are also in China, which is no different from normal domestic companies.

Nexon is different.

This is to move the main business body from Seoul to Tokyo.

A Korean company became a Japanese company.

In the future, when Nexon makes money, the funds will be transferred to Tokyo's account... Tokyo has become Nexon's main tax payer and its GDP contributor.

This game company, which was originally the largest giant in South Korea, started in South Korea. This kind of operation is really true. You know, during World War II, the Japanese invaded South Korea, burned, killed, and looted, which was no worse than at home. Relations between South Korea and Japan have always been tense.

It’s no wonder that Nexon’s boss, Kim Jung-woo, suffered a lot of abuse and endured tremendous pressure from all walks of life in South Korea. As a result, he suffered from severe depression and later committed suicide.

After Kim Jung-woo died, he had two daughters.

The two daughters didn't dare to fight, so they planned to sell the company... This gave the domestic gaming giant Penguin the opportunity to annex it.

This is all a story for later.

Ultimately, why did Kim Jung-woo have to move to Tokyo? The main reason is that he can't stand the power of South Korea's local chaebols and wants to escape from their clutches.

According to Ren Yuxin, this Li Zaiyong is the biggest mastermind behind the scenes.

Zhou Buqi sighed, "When I do business, the biggest principle is integrity. The second principle is that harmony brings wealth. Changyou... Changyou, you know, right?"

Li Zaiyong smiled and said: "Of course I know, this is the largest game company in the world, and it is your company."

Zhou Buqi said: "Yes, Changyou has been strengthening cooperation in Japan and South Korea recently, and Nexon is an unavoidable hurdle. Recently, Changyou may try to invest in Nexon and join the board of directors."

"Um?"

Li Zaiyong's expression was unnatural.

It seems that what Ren Yuxin said is right. This Li Zaiyong has a close relationship with Nexon!

Zhou Buqi said: "It's better to dissolve enemies than to make enemies. I heard that Nexon's boss Jin Zhengyu has been hospitalized. He seems to be suffering from severe depression. I don't really know what's going on. But if you need it, I will Find an opportunity to go to Tokyo to meet Kim Jung-woo. Maybe we can push Samsung to join Nexon’s board of directors.”

"real?"

Li Zaiyong's expression suddenly became serious.