Chapter 1010: Arriving in Sun Valley
Michael Ovitz founded CAA, which made a name for himself in Hollywood, and at one point led to many big deals in the Hollywood industry.
However, his pattern can only be limited to Hollywood.
Looking at the entire American business circle, the role of "middleman" is the most powerful is the Allen family, and the leader is the third-generation head of Heb Allen.
How capable is he?
For example, Robert Goizueta, the former chairman of Coca-Cola, is retired and wants to pass on the succession to his children. As a result, it was Herb Allen and Warren Buffett who stepped in to prevent this resignation, expelled the heir, and hired Neville from the outside. Esdale.
For example, Disney's 1996 acquisition of Metropolitan ABC began in a lane in Sun Valley, where Allen was paid $2 million for rationalizing the company.
Allen's political adviser, for example, chose Bill Bradley, a former senator and presidential candidate who lost his bid against President George W. Bush in 2000.
For example, Bill Gates sold a large number of Microsoft shares that year to seek diversified investments, and the operation in the stock market came from Allen.
On the Forbes rich list, the assets of the Allen family are valued at $1.8 billion, which is obviously difficult to be recognized by the industry.
Allen's company is a private company, and no one knows how much money their family has.
Of course, it is not as amazing as Donn and Bill Gates, but the family wealth of only 1.8 billion US dollars is not so big at all, and it can pinch the entire American business circle giants together.
Traditionally, the Sun Valley meeting lasts for five days.
Jet planes are coming.
Celebrities from the media, entertainment, computers, networking worlds – people like Bill Gates, Don Walker, Michael Eisner, Meg Whitman. They arrive with their families and will be here to listen to lectures, attend seminars, ride bikes, play golf, and go boating.
Of course, the main activity is the plutocratic movement called "Elephant Collision". In fact, it refers to a discussion meeting between the rich.
For the first time Donn attended such a meeting, Michael Ovitz came with him.
Legendary Pictures is going public this year.
However, with the size of Legendary Pictures' IPO, it is not qualified to be discussed at a business meeting of this level.
"Microsoft was the hegemon of the last generation of home computers, and with the rise of the Internet and the emergence of new media such as Google, Microsoft is a giant in the field of technology. When Google went public last year, there was news that Microsoft was interested in buying Yahoo!"
Before the plane landed, Don looked through the window at the ground that was getting closer and closer, and was worried about the content of this meeting.
Michael Ovitz said: "This is a merger of the century. However, Microsoft owns MSN, the world's second-largest portal, and Yahoo is the world's largest portal. The cooperation agreement between the two giants is likely to violate the Hart Scott Lodinow Act. ”
This is a bill that mainly regulates mergers and acquisitions and cooperation between competitors in the industry, and not only that, but also the EU regulator will launch investigations.
If the merger is successful, it is easy to say, but if it fails, it will cause billions of dollars worth of losses to Microsoft.
Even giants like Microsoft don't dare to take risks and merge Yahoo.
The safe way is to bring in Time Warner and News Corp. and dismember Yahoo!
Each takes what he needs, and the three divide it equally!
Microsoft gained Yahoo's market share and technology in the search engine space to compete with Google in order to expand its advertising sales business.
News Corp. acquired Yahoo's Community Engagement Division, which complements its investment in the Myspace blog, and completes a larger layout in the field of online social networking.
Time Warner acquired Yahoo's core asset portal and merged with its AOL to restore the vitality of AOL's heyday and bring Time Warner out of the predicament dragged down by the Internet business.
In a previous life, the deal didn't work out.
Because Yahoo is not reconciled, they believe that they still have the ability to continue to grow and become a giant in the new media era, and there is no need to split assets and sell the company.
However, the media landscape in this world has undergone great changes.
The pattern of News Corporation, Microsoft, Google, and Time Warner has not changed much, but an unexpected one has appeared, and a super-giant has emerged - New Universal Group!
The strength of the New Globe Group is impressive.
With such a big market change, will Yahoo's shareholders and board of directors still insist on it as they did in their previous life, but they just refuse to let go?
In case it was really disheartened by the impact of the newly rising new Universal, it sold Yahoo...... For Donne, he would be in an extremely passive situation.
If Microsoft gets Yahoo's search engine business, it will have the strength to share the market with Google. You know, Don is the majority shareholder of Google, accounting for 10% of the shares!
Google is also New Universal's largest online media partner, and Donn has a great influence on Google's strategic decisions.
Time Warner got the Yahoo portal business, and it was also a headache. Warner's film and television content is second only to New Universal, and if it has the world's largest portal for marketing, it will inevitably have an impact on New Universal's film and television entertainment business.
The most worrying thing is News Corp!
News Corp. has invested in Myspace, a social blog, which is currently the largest online social networking platform with 15 times the number of user registrations compared to Facebook!
is Facebook's biggest competitor.
If News Corp. gets Yahoo's social interaction business again, and uses Yahoo's traffic to further expand the Myspace market, then it is really unclear whether Facebook will rise to beat its rivals in the future.
So, no matter how you look at it, it is necessary for Donn to stop this time Microsoft, News Corp. and Time Warner from joining forces.
"Either way, an independent Yahoo is better for us!"
The plane landed, shaking a little.
Don's words, but they were firm and unmistakable.
……
Allen is engaged in the investment banking business, but unlike traditional investment banks, it is mainly engaged in the "private investment industry", which means building profitable long-term relationships with the leaders of other companies.
The Sun Valley Conference is probably the meeting with the most gathering of bigwigs in the American business circle.
Donn did not accept the service provided by Allen, but directly followed the previous reservation and found Larry Page, one of Google's three giants.
Every year at the Sun Valley conference, Google attends either Sergey Brin, Eric Schmidt, or Larry Page.
Larry Page, who is not a few years older than Donn, showed full confidence, "Microsoft and Yahoo merged? So what? Google has a 65 percent market share in the search engine market." It's only 16% for Yahoo and even 9% for Microsoft. Together, the two are no match for us. ”
Donn frowned, which was why he preferred to communicate with Eric Schmidt.
Sergey Brin and Larry Page, who are at their peak, are far less experienced than Eric Schmidt.
"Google can't just focus on search engines. I looked at the latest Google investment report and there was an investment that I was interested in. Don said quietly.
"What?"
Larry Page was curious.
Done's investment vision is definitely a leader in the industry.
"In the past three months, Google has invested in a total of 11 projects, 9 of which are internal projects and 2 are external projects, all of which are angel rounds. Among them, there is a company called YouTube. ”
"YouTube?" laughed Larry Page, who of course knew, "there's this project, it's a video site. The angel round that was negotiated 2 months ago, the day before yesterday, the website was officially launched. ”
Tang En said: "Online video will be the next outlet of the Internet. However, whether it is Microsoft's MSN or Yahoo, in terms of online video business, there is an advantage that Google cannot beat. If the two companies merge, YouTube won't have any chance of success!"
Larry Page doesn't show a lot of positivity, but he also knows that the merger between Microsoft and Yahoo is meant to resist Google.
Whether they succeed in the future or not, Google is safest if the merger fails.
"Next, we're going to ease up with Yahoo and start working on commercials and online video," said Larry Page. ”
The more room Yahoo has to survive, the less likely they are to sell the company.
When it comes to a rich person of Yang Zhiyuan's level, money is really just a number for them, how big is the gap between a net worth of $20 billion and a net worth of $2 billion?
What they care more about is the success of their careers, and the glory and prestige that success brings.
Selling the company to make money, minority shareholders may agree that the founders will not be reconciled, at least not to give up hope when there is still hope.
Tang En nodded with satisfaction and said with a smile, "It's more than that. The merger involved Microsoft, News Corp., Time Warner and Yahoo. It's better to break them one by one. ”
"Got a plan?"
"I got a report that Google gave Facebook a $150 million ad order?"
"Yes. ”
Larry Page smiled.
This is not only a business cooperation, but also a personal exchange.
In the process of starting Google, Don provided great help, not only with financial support, but also with the help of channels and connections.
Now that Google has gone public and has had the initial prototype of a giant, it's time for feedback.
Facebook is an emerging social networking site, and Larry Page, who founded Google, knew that it would take a lot of money to start a successful website.
Google can give Facebook some convenience in the search channel, and can also provide some financial support.
Don knew their kindness, but shook his head, "I read that report, and I rejected it. In my opinion, Google's current partner should not be Facebook, but Myspace!"
Larry Page was shocked!
。 Nine Heavenly God Emperors