Mark said to Barry: "Let you see the greatest empty glove white wolf of our time, not only to take the stake in Yahoo, but this Times Publishing Group, at most in the hands of Yahoo for a few years." ”

As a veteran CEO of Hollywood, Barry put down his body and joined Mark, who has studied Mark's information, and the deeper he researches, the more Mark has unpredictable opportunities, and he can always test opportunities, step by step, and lead everywhere.

He prepared a lot of materials and the most professional research team, and even borrowed the data model of Wall Street investment companies, but he didn't find anything good about Yali, and what was wrong with Times Publishing Group? On the contrary, he found that the latter was more valuable, and he didn't understand why Mark would exchange Yali at any cost, but he decided, and his full support was to play a little autumn breeze by the way.

When Mark's calculation was announced on the NASDAQ, Aribaba announced that its IPO price was $68, and the listing would raise $21.76 billion, with a maximum of $25.02 billion.

It is reported that the listing of Alibaba will be the largest IPO in the history of rice stocks, and Alibaba will also become one of the most valuable technology companies in the world.

According to Alibaba's official announcement of its IPO offering price of $68, at this issue price, Yaribaba's initial public offering will raise $21.76 billion, with a market value of $170.8 billion, which will be the largest IPO in the history of Mi Guo Securities, and Yahoo's equity will be as high as more than $30 billion.

It is with Yahoo's Yahoo stake that it has survived the difficult post-Yahoo era, and if it is sold, it will only hasten its death, and as for redemption, it is a joke.

Mark's plan is to seize this part of the equity, withstand Ma Yun's counterattack, and then he can sit on the harvest.

The B2B business of Alibaba Group was listed on the Hong Kong Stock Exchange in 2007 and delisted in 2012, and the story behind this can be regarded as the "prequel to listing" of Alibaba.

Since its inception in 1999, SoftBank and Yahoo have invested in Yaribaba. The former invested $20 million in 2000 and injected $60 million into Taobao in 2004. In 2007, Yahoo paid $1 billion to Yahoo China for a nearly 40 percent stake in the Yariba Group. In the same year, Alibaba's B2B business was injected into Alibaba's network and listed on the Hong Kong Stock Exchange.

External funds allowed Yaribaba and Ma Yun to survive the financial crisis and maintain rapid growth, and Yaribaba developed and became the absolute ruler of the Chinese e-commerce field. For a time, the name Yaribaba became famous in the international capital market.

But this also brings the risk of losing power, especially after Yang Zhiyuan resigned as CEO of Yahoo, Yahoo's 39% voting power in Yali's board of directors has also begun to become Ma Yun's heart disease.

Before and after the listing of the Hong Kong stock market in 2007, it was the most dangerous moment for Ma Yun, when the sum of the shares of the two major shareholders of Yahoo and SoftBank had reached 68.3%, and it was a matter of one sentence to oust Ma Yun from power.

After that, Ma Yun decided to fight back and played two moves successively, the first step was to divest the ownership of Alipay, and the second step was to transfer private equity funds to ask for the acquisition of Yahoo.

Since 2010, Ma Yun has repeatedly asked to buy back Yahoo shares, but has been repeatedly refused, and SoftBank, the second largest shareholder, has stood by and watched.

At the end of the year, without the approval of the board of directors, Ma Yun transferred Alipay, which originally belonged to the group, to Zhejiang Yaribaba, which was controlled by Ma Yun, and at the same time, Alipay applied for a third-party payment license in Huaxia (Alibaba Group is registered in the Cayman Islands). After the Alipay transfer incident, passive Yahoo and SoftBank began to sit down and negotiate with Yari.

In the end, Ma Yun gave the two shareholders reasonable compensation, but this did not seem to matter, what mattered was that Ma Yun showed Yahoo that he had control over the companies owned by the Yali Group.

In the following two years, the business of the old Internet giant Yahoo in the United States also began to decline, at which time Yaribaba began to play the buyback card, and Yahoo agreed to Yaribaba's condition of buying back shares was to require Yali Group to package and go public. After some maneuvering, Yahoo promised shareholders that the group would go public by December 2015, while Yahoo sold half of its shares to Alibaba Group.

After the completion of this transaction, the combined voting rights of SoftBank and Yahoo on the board of directors of Alibaba Group will be reduced to less than 50%, and Yahoo will relinquish the appointment of board members and veto power related to Alibaba Group's strategic and operational decisions, and Ma Yun and management will regain power.

In these two steps, Yari Baba weakened the power of Yahoo and SoftBank, and at the same time, in order to meet the conditions of the 2011 framework agreement to buy back Yahoo's shares, Yali Group began to plan to go public.

Ma Yun's way to regain control is not to let himself get more shares, but to let Yahoo and SoftBank lose shares, especially between Yaribaba's management and Yahoo, which has always been a trade-off relationship, and SoftBank has always been the shopkeeper and holds the shares, which allows him to have absolute controlling stake and voting rights, and he can ask for money and equity, but if he wants to touch Yaribaba, it is absolutely impossible.

Therefore, even if Time Warner controls 40% of Yali's equity, it is not all smooth sailing, they also have to fight with Ma Yun, this original version of Ma Yun, is to clean up Yahoo and SoftBank, determine the distribution of interests and the ownership of authority, and then go public, otherwise they will take the management as the base camp, contact local companies, confront shareholders, make them want to die, you want to go public, they are unwilling, resolutely refuse to go public, so that shareholders can't make money, everyone loses together.

Mark's plan is to have a good time with this legend after taking Yahoo's stake in Yali, and after so many things, Mark is not afraid of any intrigues, and he has a taste of endless fun fighting with the sky and the earth.

However, on the board of directors of Time Warner, Mark's proposal was rejected by a change of direction, and they preferred to sell Time Publishing Group to Bloomberg or Bertelsmann at market price, and they were not optimistic about Yahoo's outdated investment in an outdated company, and what was there to do with an Internet company similar to a rural country in China.

Barry had to explain patiently, while Mark was leisurely drinking coffee, he disdained the doubts of these people, and sat arrogantly, Lao Tzu took you to make a fortune like this, and you have to be questioned and questioned, what a fucking annoyance?

Mark saw that Barry couldn't convince the directors for a long time, so he put down his coffee cup: "Two plans, A is according to my proposal, and B is me to buy Times Publishing Group to trade with Yahoo at an offer of 15 percent above the market price, and my words are finished, A or B!"

The directors were silent.

"If I had been as hesitant as you were when I bought Colombia, it wouldn't have worked," Mark said. ”

Only then did everyone remember that this master is a master of acquisition, through rapid mergers and acquisitions, to create a media empire that is not inferior to Time Warner, he has not been defeated, and the merger and acquisition of Naifei, which was thought to be the most unsuccessful, bought Pingguo's equity, and now it has been proven that this is a wonderful acquisition war, which has made countless Wall Street acquisition experts ashamed.

Barry agitated: "Mark is leading everyone to get rich, you have to hesitate? If the Wall Street gang knows, there will be nothing to do with you." ”

In this case, the directors of the board of directors raised their hands one after another, agreed to Mark's proposal, and the transfer of Time Warner at a low price was approved, but everyone understood that if their investment in Yali did not appreciate, they would face the blame of the entire board of directors, and they would not be able to eat and go around, but at present, they were a great victory.

Mark and the others immediately made a plan after getting the authorization from the board of directors, and they understood that they couldn't be too enthusiastic and couldn't take the initiative to contact Yahoo's people, so as not to make them feel disgusted, or find out that they were ridiculed and didn't agree to the deal, which was not beautiful.

They have to pretend that they are not very enthusiastic, but they are dispensable, and that is the right attitude.

Yang Zhiyuan and Fei Luo felt that this was a great thing for the sky to drop the pizza, they and their professional team studied for a long time, but they couldn't find anything wrong in it anyway, their lawyers, accountants, and financial advisors didn't find anything wrong, but thought that this was a once-in-a-lifetime opportunity.

Yaribaba's Ma Yun is too difficult to do, listed in Xiangjiang, although the market value is about 10 billion US dollars, it is the first mutual federal technology company in China with the largest market value, but the first of more than 7 billion, it is not ranked in the top 20 in the United States, this short man is tall, it does not reflect any value, Times Publishing Group is real value, these publishing groups, there is no room for speculation, there is no bubble, the market value is equal to the real value, it is married to Yahoo, it is simply a beautiful and bubbling beauty.

So they unanimously decided not to hesitate to take action immediately, so that the foul Mark came to his senses, and he would definitely not do such a thing, but they were worried that acting so enthusiastic would not arouse Mark's alarm, and if he came to his senses, the good thing would be ruined.

Or Ferro's assistant offered: "I contacted Mark's assistant Louise and asked Mark's attitude, she offered two million, and I saw that this woman was too black-hearted, so I refused." ”

Yang Zhiyuan didn't think about it, so he said: "Give it, go to the company account, and contact her immediately." ”

The assistant contacted Louise, and she said, "I can tell you that the outcome of the board meeting, in fact, is yes or no, and you don't have to spend a lot of money." ”

The assistant said: "Actually, you also think it's expensive, why don't you cut the price by half?"

Louise was a smart man, and she knew that his news was either worthless or worth a thousand dollars, and she said, "My loyalty is worth the price." ”

The assistant said: "Tell me the account number!" He also knew nothing more than these two results, but they were making strategic judgments, they couldn't take any risks, and they didn't want to make any mistakes, although the word Yes/NO was expensive, but the money had to be spent, and it was worth sending.