Fight to the third generation

For this kind of transaction, it is easiest to find buyers through investment banks, funds and consulting companies. Su Yehao called Lin Youfeng, vice president of KOKO Venture Capital, and asked him to release the news first.

Coincidentally, news about Yahoo's attempt to acquire Google at a price of US$12 billion but Su Yehao's refusal was raging in the market. It seemed reasonable that he chose to "cut seats" with Yahoo this time.

After making this decision, Su Yehao thought he would feel pain, but he didn't.

Although I know that Yahoo has the potential to continue to rise, but the market value has reached this level, there is not much room for growth, so don't worry too much.

If you use the money to increase leverage and do long NASDAQ stock index futures, the return is likely to exceed the profit brought by continuing to hold Yahoo. If you really have a dark heart and wait until the stock price rises to the sky, there is also the risk that no one will take the order.

and so.

After careful consideration, Su Yehao called Lin Youfeng again and told him:

"By the way, there is one more thing. If the buyer's price is right, I can also sell the other 2% of Yahoo stock. It's best to keep a low profile in the transaction, so as not to cause Yahoo's stock price to fall, and then make public after the sale..."

Chapter 576

Hand over the matter of cashing out to Vice President Lin Youfeng.

Su Yehao thought that even if the speed is fast, it may take three to five days to complete the transaction. After all, it involves more than 20 billion US dollars of Yahoo stock, which is not a small sum of money.

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

As soon as the news was released, Goldman Sachs Group first expressed its willingness to buy 1% of Yahoo shares. According to the real-time stock price, Goldman Sachs would immediately send senior partners to sign the contract.

The PricewaterhouseCoopers Consulting Company also approached the Abu Dhabi Sovereign Fund of the United Arab Emirates and the Qatar Sovereign Fund to discuss buying all Yahoo shares.

Followed by.

Norway's sovereign fund, Singapore's Temasek, Japan's Softbank, and even the Hong Kong City Monetary Authority's investment portfolio have all expressed their willingness to take over the whole or buy part of it.

In addition, there are many big bulls in the fund industry trying to sell, including Fidelity Fund, Schroeder Fund, and United Beaux Asset Management Company.

This kind of enthusiasm left Su Yehao speechless.

There is a kind of illusion that I have become a second fool in the eyes of others, actively selling the hen that lays golden eggs.

For a long time, Su Yehao always thought that there were many smart people like him who had already foreseen the risk of the Internet bubble, but judging from the enthusiasm, others seemed not to be too vigilant.

Think about it.

He knew what the trend of history would be like, but others didn't have Su Yehao's foresight ability. 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 crazily in a way that exceeds traditional business.

At that time, Microsoft's market value was several billion dollars, and some experts clamored that it was not worth that much money.

And now, if it weren't for the impact 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 after institutions take over the shares of the Nasdaq giants, they generally like to hold them in their hands.

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

The last time there was an example of selling Yahoo shares on a similar scale, it dates back to 1995, when it first went public.

The sell-off of SoftBank Group, which sold a total of 5% of the total equity, is still being laughed at until now.

Of course, there are more managers who envy Softbank, because even if it sells 5%, Softbank still holds a quarter of Yahoo’s shares, and has earned more than 100 billion US dollars in the past few years...

……

The entire KOKO Venture Capital Silicon Valley office is rarely so busy.

All employees were assigned their own tasks, some as operators, some responsible for statistics.

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

When he came to Su Yehao's house, he found that the little boss was floating in the outdoor swimming pool, lying on a duck-shaped air mattress, and immediately complained angrily, "When is this, Mr. Su, are you still in the mood to swim? Are you willing to take over?" There are a lot of potential buyers for this batch of shares, and people from PwC told me that the oil diggers in the Middle East have 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 all the time. Whoever bids the highest will sell it to whoever it is. It shouldn't be troublesome. Why did you come all the way here? gone."

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

"Where have I ever been in charge of such a large transaction case? Suddenly, many agency representatives came over, and the company phone kept ringing, and my throat was about to explode. Yahoo also asked about the situation, but I thought the shareholding ratio was less than 5% , There is no need to obtain the approval of the board of directors, and now you are using Google to compete with it, I think other shareholders of Yahoo, I am afraid, will be nervous."

The reason why he was nervous was that when Su Yehao got a large sum of money, he would 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 off the water, and continued to say to Lin Youfeng:

"They are overthinking. Competing with Yahoo is a trivial matter and has nothing to do with the overall situation. My purpose of cashing out is not for Yahoo. I just had a phone call with Yang Zhiyuan. He seems to be preparing to reduce his holdings, saying that I disrupted his plan. Now we can only postpone the arrangement, lest major shareholders reduce their holdings at the same time, affecting investor confidence and crashing Yahoo's stock price."

Vice President Lin Youfeng nodded and said with a smile:

"If Yahoo's board of directors does not object, and does not impose any restrictions on buyers, it will be easy to simply follow the highest price. I suggest that you directly list your psychological price, so as not to scare away other potential buyers with unlimited bidding. Buyer, if things don’t go well these two days, others will probably choose to wait and see, so the faster the transaction, the better.”

Able to understand what he meant, Su Yehao asked after a short thought, "What price do you think is more appropriate, based on today's transaction price, a 10% premium?"

Vice President Lin Youfeng quickly waved his hand, and replied with a wry smile: "Don't ask me about this matter, it's too involved, one point is 3000 to [-] million, if the sale is low, even if you don't care, I will be so distressed and annoyed to death .”

Honestly.

Now someone is scrambling to take over the offer, which has exceeded Su Yehao's expectations.

Every 1% premium added to the real-time stock price represents an additional gain of more than $2000 million.

He didn't know what the buyers' psychological price was, but Su Yehao thought he would be satisfied if he could make the deal with an additional 10% premium. If he focused on making all the profits, it might be cheaper to Yang Zhiyuan.

The other party has already revealed that they also intend to take advantage of the high share price of Yahoo to reduce part of their holdings. If Su Yehao does not sell, Yang Zhiyuan will probably take the opportunity to sell first, and he needs to disclose the news because of this. If Yahoo's share price fluctuates and falls, wouldn't it affect cashing out? speed.

After a brief struggle, he said to Lin Youfeng: "Well, let's set a 10% premium as the goal, and ask people from Goldman Sachs and the consulting company to ask for me the price that the buyer can accept. Give them some commission..."

Yahoo shares are already valuable, and they are extremely sought-after at present. Even if they are taken to mainland banks, they can be mortgaged, which is a "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. After all, he doesn't have the opportunity to exchange the banned original shares of Yanwen Group for cash.

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

The wealthy Abu Dhabi Sovereign Fund seemed to be afraid that the deal would fail, so it contacted Su Yehao directly through its venture capital firm.

New York is closed.

Su Yehao tentatively offered a 12% premium price based on today's closing price, and the gang of oil diggers called back within 15 minutes to agree.

This kind of boldness made Su Yehao feel ashamed.

No wonder it is said that in the investment circle, the local tyrants in white robes are cute, and they are really majestic. As long as you have the right eyes, the price is by no means a problem...

Chapter 577 Memorandum of Agreement

The official trading time is set for tomorrow morning.

Set aside a whole night to prepare the contract. Considering that the buyer is strong, there should be no accidents, so Su Yehao is relatively relieved.

On the contrary, the venture capital firm in Silicon Valley under the Abu Dhabi Sovereign Fund seems to be worried that there will be many dreams at night, for fear that it will kill other buyers with higher bids.

then.

The other party rushed in the evening, first arranged for someone to contact Su Yehao, told him to go to the law firm to sign a memorandum of agreement, and offered to pay the deposit first.

After a 12% premium, the total transaction amount is more than 27 billion US dollars, strictly to two decimal places, the agreed deposit is 800% of the total amount, and the liquidated damages are stipulated as double the deposit.

When Su Yehao came to sign the contract, he really wanted to give them some change.

However, considering that most of these foreigners are not very good at calculating, and they don't care about the hundreds of thousands of dollars in expenses, they were not asked to prepare new documents.

The signature seal sent by grandpa came in handy. After signing, stamp it in quadruplicate.

The cracks that are naturally produced when the seal is engraved have their own anti-counterfeiting effect, which is more reliable than the signature.

Keep one copy for yourself, another copy for the other party, and the other two copies are kept in the hands of the lawyers of both parties, and the memorandum has the signature and seal of the notary.

At this point, the transaction has basically stabilized.

Su Yehao really wanted to sell, and the other party really wanted to buy. After signing, they shook hands and smiled happily.

The only pity.

Most likely there were no local tyrants in white robes, but only a few professional managers.

According to Su Yehao's guess, it is estimated that a transaction of this scale is not qualified, and he is almost becoming the richest man in Asia. It is rare for him to feel envious.

The main reason is that I envy the royal family's easy money, and they were born in the circle of destiny.

Find a place to make a hole, and every time the "kowtow machine" nods, it is an income. Some oil fields in the Middle East have a daily output of up to thousands of tons, and even two thousand tons is quite common.

Even if it is a money printing machine, it is far inferior to the pumping machine. This is solid black gold.

Even if it is just a memorandum, the process is still going carefully, so that both parties can rest assured.

The people from PricewaterhouseCoopers Consulting Company then directly handed over the bill to Su Yehao's assistant. Linda Yun was still on vacation and would not be back until tomorrow.

When I found that the bill given by PwC stated that the commission amount was as high as more than 270 million US dollars, which was equivalent to one thousandth of the total transaction amount, and it was specially marked as a discounted price, and it was stipulated that within one month after the completion of the transaction pay off.

Su Yehao almost died of anger.

Until he got into the car, he complained to Vice President Lin Youfeng:

"I seriously suspect that PricewaterhouseCoopers probably just made a few calls for me this time, and the call bills add up to only one or two dollars. How could they have the nerve to charge me more than 200 million yuan in commission? If I had known it, I would have avoided these guys. , I let the news out by myself, what a fucking black..."

Lin Youfeng, vice president, is wearing a suit and tie at this time, and his leather shoes are so bright that they can reflect light.

Just looking at his temperament, he looked more like a boss than Su Yehao, with the maturity and stability of a middle-aged man.

With a smile on his face, he said to Su Yehao:

"Forget it, when you ask them for help, when do you not need to pay? The ancestors said that it is a blessing in disguise, and they can be regarded as helping to find customers if they can close the deal so quickly. Maybe the stock price will drop sharply at the opening of the market next Monday. That loss is much higher than this commission, Yahoo has risen by 1.38% today, which is equivalent to more than 3000 million US dollars, and now it has nothing to do with you, the boss.”

"That's right. These consulting companies specialize in making money from companies. Although each one is more pitfalls, they are really useful."

Su Yehao complained a few words casually, but he didn't really take it seriously. PricewaterhouseCoopers is not only responsible for finding customers, but also bears the responsibility of verifying the identities of both parties and supervising the transaction. responsibility.

Divert the topic.

Vice President Lin Youfeng said with a smile: "Based on the current situation, it can barely be regarded as a small high for Yahoo's stock price. I don't know how long this round of bull market will last. Do you plan to withdraw the money you invested in other companies?"

Taking out two cigars from the armrest of the seat, Su Yehao said:

"It should be able to rise for a while. There is no sign of ending this round of bull market in the market. The Fed is raising interest rates and the number of Internet users is skyrocketing. The key is that there is too much hot money in the Nasdaq market. I am going to wait and see for two more Months. I hold too many shares in Yahoo, and it is difficult to run when it hits a high point. I am not worried about other financial management projects.”

He was afraid that it would be embarrassing for Lin Youfeng to ask some technical and professional questions, so he sighed and asked:

"More than US$5 million in cash was transferred to me as soon as it was transferred. It was just used to return the bank to release the deposit. One night should be enough. The port city seems to be Sunday, so the bankers are asked to work overtime. How much do you think the UAE has? Money? I don’t even need to save time to raise funds, and I’m going to call me the final payment after signing the contract tomorrow, which makes me in a hurry, and I have to contact several banks for the loan later.”

"Anyway, you hold the shares of Yanmoji Group. It won't be too much trouble to discuss with the bank to change the pledge and sign a few documents. I don't know how much money they have, but there are at least hundreds of billions of barrels of oil buried in the UAE. The price of crude oil is sluggish, more than ten dollars per barrel, and the cost of extraction should not exceed one dollar, adding up to more than 1 trillion, and when the oil price recovers, it is estimated that it will be more than that.”

After Lin Youfeng finished speaking, he asked the driver to open the sunroof and found that the bulletproof glass was about six centimeters thick.

The name of this series "Phantom", he had never heard of it before.

After asking, I learned that a few years ago, the royal family in Southeast Asia spent money on customization, which made Rolls-Royce revive the name of the Phantom series from a pile of old antiques, and produced more than a dozen extended version of the bulletproof Phantom. Prices range from $140 million to $180 million, and the clients are rich or expensive.

Su Yehao's car belongs to one of them, and he has been pampered by the royal family, otherwise he will have to wait a few more years before he can get on the Phantom...

……

Send Lin Youfeng to the company, and make an appointment to meet directly at the law firm tomorrow morning.

on the way home.

Su Yehao accidentally discovered that there were several raccoons on the side of the road, chasing a wild cat around.

Silicon Valley sounds like a tall place, but the current environment is very similar to the urban-rural fringe area. When it comes to urban landscape... there is almost nothing.

but.

We must admire the technology ecosystem in Silicon Valley is very powerful.

If you need technology, you need technology, you need capital, you need talent, and you need talent. Although Hong Kong City is quite rich, the rich do not have the habit of investing in research and development.

In terms of technology and talents in the high-tech industry, it is even more barren, even far inferior to the mainland.

Thinking of Mr. Zhang Rujing reminding again that it is best to first place the first wafer foundry in Hong Kong City, and then find a way to open a branch factory in the Mainland when the conditions are ripe, Su Yehao thinks that he should listen to his suggestion.

Therefore, he was worried about how to reach out and ask the Hong Kong City officials for policy support.

Places such as South Korea, Japan, and the United States have created a relaxed environment for the development of high-tech companies. There are not only financial subsidies, but also tax and personnel training support, which is a blank field in Hong Kong.

Now even the Cyberport is acquired by Su Yehao and others, and he will have to pay for the construction later.

At the thought of dealing with the higher-ups, it is inevitable that I have to walk around again, and my head feels like a bucket in an instant.