Fight to the third generation

Chapter 782

Last year, Blizzard Games released a popular product, and also negotiated a cooperation with Nintendo. The profit broke through a new high, reaching more than 6000 million US dollars.

This number is not stable, and there is no guarantee that every product will be so popular.

Even if it is overestimated, based on a price-earnings ratio of 13 times, the total value is only about 30 billion U.S. dollars. Vivendi's people shouted at least [-] billion U.S. dollars, which is tantamount to completely breaking Su Yehao's thoughts.

He didn't directly hire a headhunting company to help, but instead chose to use Valve Game Company to ask them to find a way to contact Blizzard Game Studios to try to attract more talents back.

The real spring of online games is coming, as an important channel to monetize traffic, Su Yehao is definitely not willing to miss it.

However, considering that the cost of developing large-scale games in the United States is too high, further research is needed on where the development projects will be arranged.

Similarly, which company to use to develop new projects should also be considered.

For example, Villefort Game Studio, he didn't care about it at all when he invested in it at will, and then it gradually grew and its importance increased.

He currently only holds 60% of the shares in Valve Games, and the rest of the shares are held by the founder and other shareholders. If all new projects are entrusted to it, then Su Yehao will definitely suffer.

On the one hand, more than one-third of the benefits have to be distributed, and on the other hand, new development funds have to be provided, which is equivalent to providing ideas and money, and taking others to take advantage of it.

Therefore, Su Yehao decided to let Yanwen Group and Google contribute separately to integrate the existing game department, and he himself also provided part of the funds, and the three parties jointly built a brand new large-scale online game development company, which will be operated independently.

After all, the company is not all owned by him. Business is very important. When this part of resources is reintegrated, it can be directly drained through Yanwen Group and Google in the future. It will be very beneficial to the performance growth of these two companies and the new game company. , can achieve a win-win situation for the three companies.

Valve Games Studios made money, and just made money.

For a listed company like Yanwen Group, a certain market share in the game business is good for the stock price rise, and Google can be directly reflected in the valuation.

As their major shareholder, Su Yehao can maximize profits, which is far more cost-effective than supporting a Valve game studio alone.

Took a while to get through the gaming side of things.

Su Yehao accompanied Jiang Yu to the beach of Santa Monica, taking advantage of the warmer weather for a stroll.

By the way, I hired a few local snakes to help investigate who owns the film and television adaptation rights of "Iron Man", "Thor", "Captain America" ​​and other comics.

Directly investing in Marvel is not only troublesome, but also expensive.

Before the "Spider-Man" movie is released, it is the most economical choice to acquire the copyright of some superhero characters as soon as possible.

Get these important copyrights at a low price first, so as not to be forced to raise prices in the future. After a few years, you will have more money, and then find a way to swallow Marvel comics and win the film and television adaptation rights of many characters. Whether in the domestic or international market, entertainment can be mixed up.

Regarding this, Jiang Yu complained quite a bit, and felt that it would be better to invest in some ready-made film projects like "Spiderman".

This girl occasionally has a little vision, but it doesn't seem to be too much...

……

The CEO of Yanwen Group, according to Su Yehao's intention, publicly declared that it is likely to sue MSN for monopoly, and the legal department of the other party will respond quickly.

Such a large acquisition project, how can we not make complete preparations before making a move.

The business of MSN has been spun off from Microsoft and transformed into an independent relationship between the parent company and its subsidiaries. As long as the Microsoft Windows operating system does not ship with many MSN programs, it can avoid anti-monopoly lawsuits.

It means that the Windows operating system is only used as a platform, and the right to download and install any programs is returned to the hands of customers.

The reason why Microsoft is now burdened with anti-monopoly lawsuits is that it bundled the IE browser with the operating system in the 90s, which affected the interests of the Netscape browser company. Through the free use strategy, it gradually seized the market that eroded the Netscape browser. share.

Up to now, Microsoft is intact as before, but Netscape missed the best opportunity for development. Since it was acquired by AOL, it has basically been cool.

It can be seen from this that the methods of these big companies are really dirty.

MSN's acquisition of AOL's instant chat business and some social services has basically become a foregone conclusion.

Su Yehao has nothing to do. Apart from perfecting himself to cope with the shock, he only needs to develop other businesses and develop in a diversified direction, so as to avoid putting all eggs in one basket and causing investors' worries.

It is rare to deal with a strong enemy a little seriously.

By chance, he really picked two projects, namely Netflix and PayPal.

Needless to say, Paypal is a bit similar to Su Yehao's Xinxinbao, which can be linked to an account via email to realize online payment.

Netflix is ​​currently the best-developed online movie rental service provider, which means that users place orders online and send movie discs to customers' homes. Last year, they also launched an online movie library website, and their development momentum is relatively fast.

These two companies are both relatively unpopular start-ups for the time being, even if they are acquired by the Yanwen Group, they will not arouse the hostility of their colleagues in Silicon Valley.

From the perspective of "Emoji is suppressed by Microsoft", other peers will easily understand its way of trying to save itself. The same is true for the establishment of a large-scale online game development company through joint ventures. The game business was one of its sub-businesses before, but now it is nothing more than is reintegration.

Not only that, both Netflix and PayPal are still very "cheap" now, and Yanmoji Group can afford it with its own funds.

Even if they take down these two companies, others will only regard it as a competition from Microsoft. Yanwen Group chooses to save itself and increase the confidence of investors. This will not affect its positioning as a third-party service platform.

Just do what you say, Su Yehao asked someone to come to Los Angeles to help deal with the acquisition of the copyright of Marvel characters.

He flew back to Silicon Valley by himself, took John Zhou from Yanmoji Group, and said hello in advance that he was willing to provide financing, and went to the headquarters of the payment tool PalPay to discuss cooperation.

It is said to be the headquarters, but it is actually just a one-story office building in San Jose, the Bay Area.

Paypal is formed by the merger of two companies, the vast majority of the shares are in the hands of venture capital institutions, and the CEO is Elon Musk, who will invest in Tesla in the future and become the richest man in the world.

When Su Yehao finished his brief investigation, he came to the conference room.

He took out a check from his pocket and said with a smile:

"Now in a recession, you can't expect to get the right financing every time. As far as I know, you are burning $1000 million every month, and you are in a very difficult situation."

"Today I offer you two options. One is to provide me with a financing, but it is likely to be used up before the end of the year. The other is to negotiate a price and sell all the shares directly to Yanwen Group."

"Of course, if anyone is unwilling to sell their shares, they can choose to keep them and continue to be PayPal's shareholders..."

Chapter 783 Three hundred million and eighty million dollars

Temporary gains and losses are important.

But for Su Yehao, this is not the most important thing.

As long as he holds it for a long enough time, he will always be sure to earn enough benefits without any accidents.

So when he came to the PayPal headquarters today, Su Yehao almost wrote the words "I want to buy you" all over his face. He didn't have the slightest intention to hide it, and directly placed the check on the conference table, waiting for everyone to give a reply.

According to information given by McKinsey Consulting.

Paypal has not yet been listed, but has already expressed the idea of ​​listing, but still lacks some necessary conditions for listing, such as revenue compliance, shareholder number requirements, etc. These are not difficult.

Therefore, in Su Yehao's view, now is the best time to acquire, and hesitation may lead to accidents.

A group of PayPal people, including Elon Musk, looked at each other.

A middle-aged Caucasian woman from a venture capital institution tentatively asked, "Su, do you want to acquire this company? So... how much are you willing to pay for this?"

Su Yehao immediately replied: "[-] million US dollars, this is a very fair price."

After listening to the Paypal people, they basically felt that it was indeed a reasonable price.

Last year, before the bubble burst, the company had just been officially launched for three or four months. It sold concepts and raised tens of millions of dollars. It burned out before the end of the year, and it had to bear tens of millions of dollars in expenses a month.

In desperation, the company adopted a strategy of charging transfer fees, and only then did it secure another round of financing, struggling until now.

The entire market is in a state of panic. No one knows which companies will survive in the end. Some listed companies that perform very well will collapse at the first sign, and the competition in the online payment industry is also fierce.

Elon Musk is still young, at a young and vigorous age, in a fluke mentality, and replied: "No one knows what the next market will be. It may be worse, but it may also be better."

"Yes, it is indeed possible, but I don't think the market will really recover for at least the next three years. If you choose to sell the company to me, you can buy luxury houses, travel, and do whatever you want without Take any risk that you might fail."

Su Yehao smiled and added:

"Microsoft's MSN Messenger is competing with my emoji, which makes me realize that I can't put all my chips in the instant chat market. If you increase your business, it may help the company's performance. You know Yes, investors need to understand our potential, which is why I'm here today."

John Chow helps out by saying:

"That's right. In fact, there are some differences in the board of directors on whether to acquire PayPal. Your company's recent performance is not bad, but after all, you have many competitors. In Silicon Valley alone, there are several payment tool start-up companies with good technology. , they just lack a little bit of luck."

The implication is very clear, if the cooperation with PayPal is not satisfied, Yanwen Group is likely to invest in other peers.

This is undoubtedly a huge blow to PayPal.

Su Yehao holds Yanmoji Group and Google in his hands. The number of global users adds up to 8000 million, and he has sufficient funds. No matter which PayPal competitor is supported, it will cause its position in the industry to plummet.

Before this, there were no industry giants developing in this industry, only some venture capital firms paid attention.

As the entire market turns cold, the attractiveness of start-up companies has plummeted. PayPal’s B round of financing in March this year was mainly supported by several shareholders who participated in the A round of financing, and it received a total of 5000 million US dollars.

In just over a month, there is only more than 3000 million US dollars left in the account, and it is estimated that it can only last until September at most. If new financing cannot be obtained, it can only be sold to peers or go bankrupt.

David Flint, a partner of Elon Musk, asked with interest at this time:

"Su, I have heard about your deeds a long time ago, and know that you are a very smart person. We know the acquisition plan, but what about the financing plan? How much financing are you willing to provide at most?"

"... 75 million US dollars, I need [-]% of the shares. What the Yanwen Group lacks is the core business. Holding too few shares does not make any sense to me."

After Su Yehao spread his hands, he continued:

"This financing plan is also very beneficial to you. I am sure that PayPal will add 1000 million active users within a year. [-] million US dollars is enough to support PayPal's listing. Although your shareholdings will decrease, it is likely to become more valuable."

Among the people present, it was undoubtedly Su Yehao who took the initiative. The principle of being rich is the master, which is vividly reflected in today's Silicon Valley.

There is no shortage of projects in the market, what is lacking is funding.

In the past few years, capital has poured into Silicon Valley crazily, and some people can get tens of millions of dollars by holding a business plan.

Now even if they encounter a good company, investors doubt whether they will become a catcher. As soon as they spend real money, they will shrink wildly, and in the end they will lose all their money.

PayPal's situation is already pretty good, but during the expansion period, it burned wildly, and life was also difficult.

The right to speak is not in the hands of several founders including Elon Musk. With the completion of the B round of financing, it has become dominated by venture capital institutions.

It is difficult for venture capital to have feelings for the company itself, and the focus of attention is nothing more than whether it can make a profit.

With the funds they have invested so far, if PayPal is traded at a price of 1000 million US dollars, the profit will probably reach 3000%. If they invest [-] million US dollars, it will become [-] million US dollars, and as Su Yehao said, there is no need to bear any more potential risks.

After last year's bubble, many venture capitalists have already understood that valuation is not money, stock price is not money, and only what is put into their pockets is money.

Whether it is an overall sale or a sudden financing of [-] million US dollars, it is a very good plan in their eyes. Basically, once and for all, it settles the troubles that have plagued them for a long time-worried that PayPal will fail.

After the two parties continued to understand some details, Su Yehao took John Zhou away and rushed directly to Netflix.

Still simple and straightforward, give this company with more than 300 million customers an overall purchase price of US$8000 million and assume Netflix's debts.

Netflix lost a total of more than 800 million U.S. dollars last year. It originally wanted to use its performance in exchange for financing, but it did not expect that the financing market really collapsed, and it has not slowed down until now.

There is really no money available, customer growth has slowed sharply, and it is on the verge of bankruptcy.

This company was founded in 1997, and it has been less than five years since it was full of money. It also faces fierce competition from its peers. The founder just recently sold it everywhere, hoping that someone will take over.

This time Su Yehao came here, he saw mung beans with Netflix's bastard, and they saw each other...

Chapter 784 It's Clearly Just Wanting to Make Money

The follow-up effects are still fermenting.

Su Yehao had to find a way to deal with Microsoft MSN's sudden acquisition of part of AOL's business.

In just two days after the news came out, the Yanmoji Group's share price quickly shrank by 11%, causing the company's share price to drop by more than one billion dollars. As the largest shareholder, his worth evaporated by about [-] million dollars.

From this, it can be clearly seen that the status of the giant Microsoft in the minds of others is obviously much higher than that of Yanmoji Group.

The total market value of the two differs by more than 30 times, and they are not in the same size at all. It is no wonder that Yanwen Group has obvious advantages in the market and technology, but it is still not favored by many investors.

On the contrary, a group of institutions, including Merrill Lynch Securities and Nomura Securities, secretly sold a large number of stocks at low prices. This part of the stocks increased by them accounted for about 3.6% of the total share capital of Yanwen Group. Otherwise, the decline will definitely be greater than it is now.

In March last year, Cisco's share price briefly exceeded 500 billion US dollars, successfully suppressing Microsoft, and ascended to the throne of Nasdaq's total market capitalization.

At that time, some people laughed at Su Yehao's stupidity and dumped it and Qualcomm, the two big bull stocks, early on.

In just over a year, Cisco's stock price has fallen to around US$300 billion, and it is still falling.

As for Microsoft, it still firmly holds the No. 3000 position in the market value of Nasdaq, with a total market value of around US$[-] billion and a large amount of liquidity in hand.

The vast majority of computer manufacturers in the world have to pay Microsoft a fee for purchasing the Windows desktop operating system for every computer produced. No exception, it was hard to get a preferential price, and it was a waste of money.

Su Yehao's personal net worth is very high, and he has already ranked the sixth richest man in the world.

But in terms of popularity, influence, and the amount of wealth it has mastered, it is still far from being able to compare with the rich and powerful Microsoft, and the accumulation time is still too short after all.

MSN, a subsidiary of Microsoft, has just revealed its ambitions in the field of instant messaging and social networking, and it has put the Kaomoji Group in trouble.

Fortunately, Microsoft, which is deeply involved in anti-monopoly lawsuits, is scrambling for the market with Kaomoji Group with shackles and shackles. The only thing it can rely on is the drainage of desktop operating system platforms used by hundreds of millions of people, as well as the huge liquidity. Restricting the Kaomoji group... The advantage is still on Su Yehao's side.

This is the case.

There are so many instant chat companies emerging in Silicon Valley, but none of them can compete with the Yanwen Group. The key is that ICQ and TVT are not only for chatting, but also build two different social platforms. This is the core advantage of the Yanwen Group , allowing users to build a social circle on the Internet.