Fight To the Third Generation

Chapter 576: The Local Tyrants In White Robes Have Taken Action

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After explaining the cash out to Vice President Lin Youfeng.

Su Yehao thought that even if the speed was fast, it would take three to five days to complete the transaction. After all, it involved more than two billion US dollars of Yahoo stock, which was not a small sum of money.

However, the trend of the whole thing far exceeded his expectations.

As soon as the news was released, Goldman Sachs Group first expressed its willingness to buy 1% of Yahoo’s shares and traded according to the real-time stock price, and immediately sent a senior partner to sign the contract.

PricewaterhouseCoopers consulting firm also recruited the Abu Dhabi Sovereign Fund and Qatar Sovereign Fund of the United Arab Emirates to discuss taking all the shares of Yahoo.

Followed by.

Norway’s sovereign wealth fund, Singapore’s Tan Masek, Japan’s SoftBank, and even the Port City Monetary Authority’s portfolio have all expressed their willingness to take over as a whole, or buy part of it.

In addition, there are many big bulls in the fund industry trying to sell, including Fidelity Funds, Schroders Funds, and AllianceBernstein Asset Management.

This kind of enthusiasm made Su Yehao speechless.

There is quite the illusion that he has become the second fool in the eyes of others, and actively sells the hen that lays the golden egg.

For a long time, Su Yehao always believed that many smart people, like him, had already sensed the risk of the Internet bubble, but judging from the popularity, others did not seem to be overly vigilant.

Think about it.

He knew what the historical trend was going to be like, but others didn’t have the foresighted ability of Su Yehao. Others only knew that this was a technological revolution that was already rapidly changing human society.

Although some people warn against market risks, the user scale and performance of these Internet companies are indeed rising wildly in a way that exceeds traditional business.

At that time, Microsoft’s market value was billions of dollars, and some experts shouted that it was not worth that much money.

And now, if it weren’t for the influence of the antitrust investigation, no one would doubt that Microsoft’s market value has exceeded one trillion US dollars, creating a new miracle in the history of securities trading.

The prospects are so beautiful that institutions generally like to hold them in their hands after they have taken a stake in the Nasdaq giant.

However, the price of acquisition from the circulating market is often too high. If there are too many circulating shares, the stock price on the market will rise, and it is difficult to achieve a large increase in holdings.

The last time there was a similar-scale sell-off of Yahoo shares dates back to 1995, when it went public.

The sell-off of SoftBank Group, which sold a total of 5% of the total share capital, is still laughed at to this day.

Of course, there are more managers who envy Softbank, because even if they sell 5%, Softbank still holds a quarter of Yahoo’s shares, and has earned more than ten billion US dollars lying down in the past few years…

————————————

The entire KOKO Ventures Silicon Valley office is rarely so busy.

All employees were assigned their respective tasks, with one serving as operator and one in charge of statistics.

Vice President Lin Youfeng, after receiving a call from a manager of PricewaterhouseCoopers, he hurriedly grabbed his jacket and car keys, drove his newly bought Bentley, and drove to Atherton.

When he came to Su Yehao’s house, he found that the little boss was floating in the outdoor swimming pool, lying on the air mattress in the shape of a duck, and immediately complained angrily: “When is this, President Su, are you still in the mood to swim? Willing to take over? There are many potential buyers of this batch of shares, and people from PwC told me that the big oil diggers in the Middle East have already expressed their willingness to pay a 5% premium.”

Su Yehao took off his sunglasses, glanced at him, and said with a smile:

“Isn’t this a good thing? Why am I not in the mood to swim? It’s really hot today, and it’s uncomfortable to stay in the air-conditioned room. Whoever has the highest bid will sell it to whomever, it shouldn’t be a hassle, why do you come all the way here? already.”

Lin Youfeng blocked his throat in one breath, and almost died of anger, and told:

“Where have I been in charge of such a large transaction, suddenly many agency representatives came over, the company’s phone kept ringing, and my voice was on fire. Yahoo also asked about the situation, but I was told that the shareholding ratio was less than 5%. , there is no need to get board permission to block it, and now you are using Google to compete with it, I think other Yahoo shareholders, I am afraid to be nervous.”

The reason for being nervous is that when Su Yehao has a large amount of money, it will inevitably further promote Google’s expansion.

now.

Su Yehao jumped into the water, swam to the shore easily, took the bath towel handed by Yin Liuli to wipe the water, and continued to say to Lin Youfeng:

“They think too much. Competing with Yahoo is a trivial matter and has nothing to do with the overall situation. The purpose of my cash out is not to target Yahoo. I just had a phone call with Yang Zhiyuan, and he seems to be preparing to reduce his holdings, saying that I disrupted his plan. Now we can only postpone the arrangement, lest the major shareholders reduce their holdings at the same time and affect investor confidence and collapse Yahoo’s share price.”

Vice President Lin Youfeng nodded and said with a smile:

“If Yahoo’s board of directors doesn’t object and doesn’t impose any restrictions on buyers, it’s easy to just get the highest price. I suggest you just put a price on your mind, lest unlimited bidding scare away other potential buyers. Buyer, if things don’t go well these two days, others are likely to choose to wait and see, so the quicker the deal, the better.”

Being able to understand what he meant, Su Yehao thought for a while, and then asked, “What price do you think is more appropriate? According to today’s transaction price, a premium of 10%?”

Vice President Lin Youfeng quickly waved his hand and replied with a wry smile: “Don’t ask me about this, it’s too involved, one point is 20 to 30 million, if the sale is low, even if you don’t care, I will feel distressed and annoyed. die.”

Honestly.

Now someone is rushing to take over, which has exceeded Su Yehao’s expectations.

Each additional 1% premium to the real-time share price represents an additional gain of over $20 million.

He doesn’t know what the buyer’s psychological price is~www.readwn.com~ But if the deal can be sold at an additional 10% premium, Su Yehao believes that he is satisfied.

The other party has revealed that he also intends to take advantage of the high share price of Yahoo to reduce his holdings. If Su Yehao does not sell, Yang Zhiyuan is likely to take the opportunity to sell first, and it is necessary to disclose the information to the public. If Yahoo’s share price fluctuates and falls, will it not affect the cash out? speed.

After a brief tangle, he said to Lin Youfeng: “Let’s do it, take a 10% premium as a target, you can ask people from Goldman Sachs Group and a consulting firm to ask me about the price that the buyer can accept. Give them some commission…”

Yahoo’s shares are already valuable, and they are currently very popular. Even if they are taken to mainland banks, they can be mortgaged. They belong to the “hard currency” in the market.

It’s all about exchanging securities assets for cash. It’s all his own money anyway. Of course, Su Yehao doesn’t care too much.

Lin Youfeng took out his mobile phone to make a phone call and asked around, and spread the news that the price was too low.

The wealthy Abu Dhabi sovereign fund seemed to be afraid of not being able to make a deal, so it contacted Su Yehao directly through its venture capital firm.

The New York side has closed.

Su Yehao tentatively offered a price premium of 12% on the basis of today’s closing price. After 15 minutes of negotiation with the big oil diggers, they called back and agreed.

This kind of boldness made Su Yehao feel ashamed.

No wonder it is said that in the investment circle, local tyrants in white robes are loved by everyone.