Rebirth of England.
Chapter 895: Giving Up Benefits
Thanks to Woaw's success in the social field, Woaw Technology's stock price has now reached US$43.45. In the global IT company market value list released in the first quarter of this year, Woaw ranked fourth with a market value of US$2200 billion.
Ahead of Woaw are Apple, Microsoft and Google - it is worth mentioning that Google's market value is 2250 billion US dollars, only 50 billion US dollars higher than Woaw.
Although Google no longer has YouTube and Android, and its market value potential is much weaker than in the original time and space, they have still entered the mobile instant messaging (Whatsapp) and video sharing fields through acquisitions, but their user share in these fields is far inferior to that of Chat and YouTube.
As for mobile phone operating systems, the GOS system has been basically abandoned by Google. Currently, Android's main competitor is still Apple's iOS.
At the same time, DS Holdings (Cavendish Trust) has already started to reduce its holdings of Woaw shares since the fourth quarter of last year. In fact, Woaw's share price in the first quarter of this year was slightly lower than that in the fourth quarter of last year due to the market...
This is also related to the reduction in holdings announced by its major shareholder DS Holdings.
Currently, the total share capital of Woaw Technology is 50.6262 billion shares. Before the reduction, DS Holdings had been holding 22 billion shares of Woaw, accounting for 43.45% of the shares; the second largest shareholder, IC Capital, held 8.55 million shares of Woaw Technology, accounting for 16.89% of the shares.
However, because DS Holdings holds 2 million Class B shares of Woaw, DS Holdings' voting rights in Woaw exceed 58%.
DS Holdings began to reduce its holdings in the fourth quarter of last year when Woaw's stock price was above US$45. Up to now, they have basically completed the reduction of approximately 5 million Woaw shares and obtained nearly US$190 billion in after-tax income.
After the reduction, DS Holdings still holds 17 billion shares of Woaw Technology, with a shareholding ratio of 33.58%, a significant decrease from before.
However, DS Holdings' voting rights in Woaw remain at 51%.
The reason why DS Holdings began to reduce its holdings in Woaw Technology was not only to cash out, but mainly for the future development of Woaw Technology.
After all, DS Holdings previously held a very high stake in Woaw Technology, which was rare among major American IT companies. For example, Apple, Microsoft, and Google did not have shareholders holding nearly half of the shares...
If the shareholding ratio continues to remain at this level, a company of Woaw Technology's size will inevitably cause dissatisfaction among many other capitals - they must always be given the opportunity to share in the profits.
Currently, Woaw Technology’s major shareholders include Sequoia Capital, Goldman Sachs, and Blackstone Group, but this is not enough. There are many more large capital groups including Vanguard Group, BlackRock Group, and State Street Corporation that have the need to invest in Woaw.
Only by allowing more capital of this kind to enter can most of the resistance in Woaw's subsequent mergers and acquisitions and development be reduced. Otherwise, with a company of your size, if you want to conduct a slightly larger-scale merger and acquisition, an antitrust investigation will be in big trouble.
You don't even need to carry out mergers and acquisitions. Under the impetus of certain capital, you can be directly investigated for antitrust.
Just like when Woaw acquired Instagram last year, it aroused opposition from companies such as Google and Yahoo. At that time, the US Department of Commerce also intervened in the antitrust investigation of the acquisition.
Even though Barron had strong connections, he was able to calm the situation down only after Barron privately promised to reduce his stake in Woaw.
After DS Holdings reduced its holdings in Woaw, Vanguard Group, BlackRock Group, State Street Corporation and other capitals almost took over the shares he reduced. It can be said that Woaw Technology is now able to avoid being deliberately hindered in its competition with IT giants such as Microsoft and Google at the capital level.
Barron had anticipated this situation. As the saying goes, you have to give up something to gain something. Otherwise, under the collective attack of other capitals, Woaw's development would inevitably be curbed, and its market value would certainly not have much potential. Even if it holds more shares, the wealth gained would be limited.
After all, think about it, we hold more shares in Microsoft and Google, so when Woaw faces competition from them, does it still need to consider who to help?
Only if I hold shares in all these companies will I not take sides. In the end, whoever wins, I win.
In fact, under this system, Barron is also a beneficiary. After all, it is not only Vanguard and BlackRock that say this, but also Standard Chartered-Merrill Lynch, which he controls. The trillions of funds they control also need to be "evenly distributed" and invested in almost all listed large companies.
Such competition is competition, but as long as these companies occupying the upper and middle levels of the pyramid on the earth continue to control the majority of global economic interests, they will be able to maintain the growth of their asset scale.
Of course, unlike these capitals, Barron also took advantage of his friendly relations with China to invest heavily in many Chinese-related industries.
It’s not that other capital has not entered the Chinese market to invest, but there are some restrictions on such investment there, and because of the interests involved, the extent of entry of those old Western capitals is not as high as that of Barron.
Later, the Leading Group even reduced its investment in China...
After all, the logic of these American capitals is that there were countries that were able to challenge the American industry before, such as Germany and Japan, but they were eventually suppressed by the United States. This long-term successful strategy has also made them path dependent, and they believe that they can still do so in the future and achieve their goals.
But Barron knew very well that this time was different.
After all, there are only three permanent members of the UN Security Council in the world that can be called independent and sovereign. If we are to be more specific, we can only count them as three and a half, with a certain big country in the East counting as half...
India: It is under...
The same method may work for Germany and Japan, but it may not work for an independent country...
After all, they had been gritting their teeth and getting out of this from the very beginning.
This spirit, which is different from that of other "developed countries", is more or less imprinted in Barron's soul.
……
"Dear John, how are you doing?"
After hugging Barron, John Smith forced a bright smile and said:
"Not bad, nice to meet you, Barron."
Barron came to America again. This time he sent Jenny directly back to Baltimore, the largest city in Maryland, where the headquarters of the Sinclair Group is located. John Smith had also returned to Baltimore from New York.
It is no wonder that the Sinclair Group chose this place as its headquarters. In addition to the fact that the Sinclair Group started out by acquiring a local TV station in Baltimore, the location of Baltimore is also very good. It is less than 300 kilometers away from New York and only 60 kilometers away from the capital Washington.
At the same time, Baltimore is located on the west side of the top of the Chesapeake Bay and is one of the major ports in the United States.
When Barron came to the United States this time, he had to go to Washington to meet some "old friends" on Capitol Hill. Then he went there from Baltimore, which only took an hour by car...
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