In November last year and in February this year, Crystal Orchid Capital injected $100 million and $80 million into Yahoo Inc., acquiring 48% of Yahoo Inc.'s shares, becoming Yahoo's largest shareholder. Yang Zhiyuan and Fei Luo each hold 18% of the company's shares, making them the company's second largest shareholders, and the remaining shares were acquired by investors led by AOL.

In the course of this investment, Yulia and Crystal Orchid Capital came under great pressure from other investment firms and consortia. Due to the success of Netscape Communications' listing, investment institutions around the world are extremely concerned about the next investment project of Crystal Orchid Capital, and some institutions with strong capital intend to intervene strongly, and have sent people to contact the two founders of Yahoo privately, and the prices offered have risen all the way, and the conditions offered are also varied. But the purpose is the same, that is, to invest in Yahoo, or to snatch meat from the mouth of Crystal Orchid Capital, and even want to kick Crystal Orchid Capital out of the game.

Although Crystal Orchid Capital has become a partner of Yahoo and is fully capable of rejecting these investments, if Yang Zhiyuan and Fei Luo are tempted by those institutions, this Yahoo company will still become unrecognizable, and it is hard to say whether it can continue the glory of its previous life. Fortunately, except for Hong Tao, no one knows what this Yahoo will become, so everyone is not particularly desperate to dig up the corners. In addition, Hong Tao had a deep influence on Yang Zhiyuan and Fei Luo's thoughts, and his mouth finally did a good thing, and the expensive maritime phone bill was not spent in vain, and in the end, Yang Zhiyuan and Fei Luo withstood the temptation with the support of Yulia and insisted on cooperating with Crystal Orchid Capital to the end.

But in the process. Hong Tao did not pay without paying, and his shares in Netscape Communications had not been transferred at that time. Aigo's profits alone were not enough to compete with other capitals, so he reluctantly pledged some of the shares in Kuroko, Nina and Microsoft in his name to the bank. Scrape together $300 million in funds and prepare to fight a money-throwing war with those capitals.

Fortunately, at this time, AOL stood up, and they intended to acquire the shares of Netscape Communication in Hong Tao's hands, and figured out that Guò Netscape Browser entered the network content provider industry. After the two sides reached a preliminary agreement, AOL also pulled a group of institutional investors to jointly invest in Yahoo. The symbolic significance of this move is greater than the practical significance, and Crystal Orchid Capital is not short of tens of millions of dollars, but as soon as AOL makes a move, it is equivalent to endorsing Yahoo and Crystal Orchid Capital. To put it bluntly, I am announcing to the outside world that I have intervened in this matter, and whoever dares to make trouble again is tantamount to wrestling with my AOL, if anyone wants to come, then I will accompany you!

AOL, the world's largest Internet access provider, Internet content provider and service provider, with total assets of hundreds of billions, is not afraid even if it stands in front of Microsoft. Its endorsement had an immediate effect. The battle to carve up Crystal Orchid Capital and Yahoo has come to an end. Several companies represented by Crystal Orchid Capital have successfully retained their rights and interests in Yahoo, and AOL has also obtained a controlling stake in Netscape as it wishes, thus providing an additional platform to enter the Internet.

In this war without gunpowder, it is not Hong Tao who suffers. He just paid tens of millions of dollars more in investment, but he will soon get back a hundredfold, and it is not Yahoo that suffers, in fact, it accepts the same investment from anyone. After all this hype and tossing, it hasn't been listed yet. It is already famous all over the world, and it is not those who come to grab the meat that suffer, they do not have any actual pay. If you want to say that the money for plane tickets and hotel stays is also paid, then it is a little bit; it is not AOL that suffers, although it bought a Netscape browser that will be defeated by Microsoft's IE, but it is also by virtue of Netscape Communication's browser, adding a lot of Internet service items, such as online chat rooms, the earliest Internet credit card (American online VISA), the earliest e-commerce, etc., it is really not easy to calculate whether to lose or earn.

In fact, the biggest losers are Mark Anderson and Jim Clark, the actual owners of Netscape Communications. To put it mildly, Hong Tao transferred his shares to a more powerful AOL, and to put it mildly, it means that Hong Tao treacherously sold the two of them! Before Netscape Communications went public, Hong Tao and them didn't say that, he drew a big pie that was called a circle, and the prospect was called a broad! However, just when the two of them were full of ambition and ready to do a big job, Hong Tao packed them up and sold them! Although this is a very normal means of business operation, as far as Anderson and Clark are concerned, this is a betrayal!

This is the cruelty and gore of capital, it does not really kill, but it can make people have an urge to kill. Anderson and Clark have already criticized Hong Tao and the bunch of companies he represents in the American media! Of course, it can only be verbal and written, and Hong Tao has done a very clean job in this matter, and there is no legal flaw to be found. And it was very neat, without any delay, without even saying a word of nonsense, all the formalities were authorized by him for Yulia to do, and there was only one phone call between Anderson and Clark, and the other party called him, and the content was to scold him.

He admits that Anderson and Clark are good people, and he is willing to maintain personal friendship with them, but business is business, and this is also a phrase that Americans often hang on their lips, and Hong Tao just used it to learn a little, and then used it on the Americans themselves. He never thought of himself as an American, let alone an American, he only came here to drink blood, whoever has more blood he drinks, and when he is full, he will change to another target, who has ever seen a parasite feel guilty about the host?

The U.S. media was fairly fair and didn't attack Hong Tao on moral issues, because this kind of thing happens almost every day in American business activities. Even many media outlets are ridiculing Anderson and Clark for being idiots who deserve to believe the words of a venture capital firm. The other part of the media was more modest, they compared Crystal Orchid Capital and AOL, published the calculated numbers, and told Anderson and Clark by the way that Hong Tao was still more merciful, because he had found a good stepmother for Netscape Communications! In that regard, AOL was the best destination for Netscape Communications.

There will be praise, there will be scolding, and there will be neutrality, which is a basic characteristic of freedom of public opinion. Some media still described Hong Tao as a big rat wielding a checkbook, looking for loopholes everywhere, and even drew a cartoon for him. The Hong Tao above is a monster with a mouse's head, holding a roll of dollars in his hand, and is seducing a few kittens in New York. The most hateful thing is that Hong Tao's mouse still has a belt on his head, and he is like a Japanese ronin, and the belt is also printed with a Chinese flag. What about the kittens? They are all wearing Star-Spangled Banner costumes, which is simply a reminder to the American people that Hong Tao is a socialist liar, and he is here to deceive the American people.

This is simply too damaging, Hong Tao really can't bear it, his method is still the same, let the lawyer sue the newspaper, under various names, and then hire a private detective and a commercial investigation company, from the person in charge of the newspaper to the editor-in-chief to the writer, all of them are investigated. If the newspaper cannot be brought down legally alone, then make a fuss about their private problems, first strike at them with a moral weapon, and then stand on the moral high ground and pull out all their clothes, so that they can be kneaded at will.

The ultimate goal is to get the newspaper to pay a huge amount of money and force them to go bankrupt, and he will be the receiver and buy it for a small price. Because it is located in the city of San Francisco, it is within the scope of its own Golden Throat project. This is called killing three birds with one stone, not only to save their reputation, but also to obtain actual benefits, by the way, you can also warn other newspapers and news units, don't mess with yourself in the future, be careful that I buy you directly!

At the time of the sale of Netscape's shares this time, Hong Tao also took revenge by the way. When AOL came to the door to buy Netscape's shares, he first told Microsoft's Bill the news, and then offered him a conscience price of $3.9 billion, but Bill pondered for 5 days and was finally reluctant to spend the money. At this time, Hong Tao sold Netscape's shares to anyone, and Bill could not accuse Hong Tao of any malice towards Microsoft. In fact, it is true, and in the end, AOL bought the Netscape shares in Hong Tao's hands for $3.94 billion, which is indeed higher than the price that Hong Tao offered to Bill.

In fact, this is a relatively low price, because at this time, Netscape's stock price has risen to $120, and the company's total market capitalization is close to $5 billion, and there is no decline. One of the reasons why Hong Tao transferred all the shares in his hands at a low price was because he knew that Netscape's good days would not last long, and he would soon be suppressed by Microsoft's IE. The main thing is that he needs more money to complete his plan, so he has conditionally lowered the purchase price.

What is this condition? That is, the exchange of shares, AOL's acquisition funds are not all cash, two-thirds of them are equity exchanges, which include not only AOL's shares, but also Time Warner's shares. After such a back and forth, Hong Tao actually became an official shareholder of Time Warner, which is not an ordinary small retail investor, but a real shareholder who can enter the board of directors and have voting rights. It is precisely because of this condition that Hong Tao agreed to AOL's acquisition terms, and he is thinking about how to drill into the mainstream media in the United States. (To be continued......)