Chapter 506: Crisis 8
Before the CCVV people arrived, there was a problem with the equity conversion on Netsuite's side. A fund owned by Roe Price Group disagrees. Although there is no mandatory tender offer in the United States, the protection of small and medium-sized shareholders is indeed much stronger than that in China, after all, the purpose of the establishment of the stock market is different, and the direction of development is also different. So under normal circumstances, Zhou Shi will definitely not come hard and cause too much trouble.
Puxin Group is a large asset management company in the United States, which is a leading enterprise in the industry, with a scale of more than 500 billion US dollars in funds under management.
Originally, Puxin Group wanted to invest in Twitter, but Zhou Shi's main purpose was not for money, but to expand his network. Therefore, most of the financing parties he chose have strong strength, such as Da Mo and Citigroup, Google, Yahoo, and by the way, Sequoia Capital, which also chose to join at this time through hard work, and I don't know if he has bad intentions. As a result, the venture capital fund under the Puxin Group received only a small stake. But at this time, it can be said that another fund will come forward and ask him to use Twitter's shares to pay back, which is a bit excessive. But who let them hold 17 percent of the shares? Zhou Shi also had to make concessions. Other capable funds are also aware of the news, and this is a good opportunity for those who want to take a stake in Twitter. It's a hassle, but it's a rare opportunity.
"We only need 11% of the shares at most, and we don't want any more shares," Zhou Shi decided to cut through the mess quickly
"Well, more than 10.51 percent of the shares don't have much value to us, but I think there's a condition to be added. "Pichai
"What?" Zhou Shi
"Merge our open source database MySQL into Netsuite. "Pichai
"Why?" Zhou Shi
"At the beginning, we gave too many preferential conditions for the acquisition of mysql, and the development of MySQL did not achieve the results we expected, and the role of cloud computing was not as good as we imagined, and it can be said that they are not as enthusiastic about cloud computing as we are. Allowing MySQL to remain in Time Company will only result in more waste of our limited resources. "Pichai
"That's a nuisance. "Zhou Shi
"Without MySQL, we could have developed databases that are more suitable for cloud computing, whether it is based on MySQL or NoSQL that is more suitable for eb2.0. "Pichai
Zhou Shi also understood when he heard it, the MySQL team did not cooperate, so that the development of cloud computing databases was not smooth, and there were non-relational databases in the new situation, and Pichai was like getting rid of this burden.
"Will Netsuite agree?" Zhou Shi was a little worried
"I don't think there's any problem with this, Oracle has a database, and as the Oracle of the SaaS industry, netsuite will be more sought after. "Pichai
"Awesome!" Zhou Shi gave a thumbs up, but he didn't expect this person to be good at management and play with various concepts very smoothly. Isn't this the concept of operation, as for the future development of these funds will not care, in the short term can allow them to earn high returns profits obviously more attractive to them. And there is an infinite possibility in front of them, what is there not to be willing to. And in this way, the privileges given to the MySQL team can be taken back, both to take control of the new Netsuite company and to take back the rights to the capital.
As soon as the new plan was proposed, several funds withdrew their previous equity replacement requirements, and Netsuite's stock rose slightly.
These things have little to do with Larry Ellison, and the new company will not have a real impact on Oracle in the short term. However, the people at Galaxy Capital are obviously much more relaxed, because they no longer have to turn these shares upside down. At the beginning, Time spent more than a billion dollars to acquire MySQL, and it should have exceeded this number in more than a year. In this way, Time Company, which owns 100% of Mysql's shares, has naturally become the majority shareholder of Netsuite. Coupled with the shares of Galaxy Capital, it still achieved a controlling stake.
Not to mention how netsuite acquired mysql through a private placement of shares, so that Time Holdings controlled a listed company, CCVV finally arrived in Silicon Valley, and Zhou Shi also went into battle shirtless and began to attack the Chinese Exclusion Act.
"What do you think about the development of these things in the media networks lately?"
After all, at my age, I have a wealth that most people in the world will not have in their lifetime, and this is a reason for many people to despair. "Zhou Shi
"I can't say that, you think most of the negative things that are said about you online are due to jealousy. ”ABC
Yes, jealousy is man's original sin. "Zhou Shi
"Is the information that has been widely circulated on the Internet true?"
"There's so much information on the Internet, I don't know what you're talking about, but most of it is false, or only partially true, and some things are 90 percent false and 10 percent true. This makes me difficult to defend!" Zhou Shi
"Then let's talk about it one by one, can we?"
"Feel free to ask, and if you can, I'll answer it. "Zhou Shi doesn't care about this, he doesn't have so many secrets, and most things can be seen by people. The issue of personal wealth is more complicated, and a lot of cash investments in Galaxy Capital remain in Swiss banks, and others cannot find them for the time being. And most of this income is tax-free, and there will be no legal tax disputes.
"Is your fortune $13.4 billion, or more?"
"Don't you doubt the source of my wealth? I don't know exactly how much, I don't care, more money doesn't mean much to me. Zhou Shi silently pretended to be forced
"But how much wealth you have and whether you can explain the source of that wealth is important in itself, and I think it is important for you to make it clear to the public. ”ABC
"Well, you only care about how much money I have, not how much debt I have, and that makes me unhappy. My main sources of wealth are Amazon, Baidu, Apple, Netflix, all of which have public information. The other is Yelp, this company is mine, and Time Holdings has 10%, and ChinaAMC's domestic Sixiang Fund has some shares of me, as well as some cash investment in Galaxy Capital, some real estate at home and abroad, and a Gulfstream private jet. In addition, there is debt, as you know, I have developed high debt from the beginning, and if you calculate it according to the net worth of $13.4 billion, my debt ratio is about 25%. You know, I borrowed all the money to buy Apple and Netflix......"
(End of chapter)