Chapter 258: Smooth Acquisition (1st Update)

"Oh, you are indeed such a person, but if you have a new idea, I am very happy to invest!" Moretz can only say this, after all, Jiang Yizhou is also a rich man now, as the saying goes, rich and capricious, he himself has this condition to change careers, and no one can stop him.

And from his point of view, it seems that investors don't have to start a business with low returns.

Jiang Yizhou replied with a smile, "Of course, this is a mutually beneficial and win-win thing, why not?"

Eating alone is always a bad behavior, and Jiang Yizhou doesn't have that much ability to support the company alone, so sharing is the best choice, of course, this has to be based on the idea he has, and now it seems that it will disappoint Moretz.

Waiting for the discussion of each issue, Jiang Yizhou did not participate much, because these were all participated by Bill Green in the past, and he is here to make decisions about the Foxmail transaction.

"I propose that Yahoo invest $150 million to acquire the overall Foxmail project, and at the same time, Zhengyi Capital will invest $30 million to jointly establish Yahoo China with Yahoo International, of which Zhengyi Capital will occupy 60% of the shares, Yahoo International will occupy 40% of the shares, and the operation will be entrusted to Zhengyi Capital for management. Bill Green took out what had been discussed and read it out to the boardroom.

"Green, this can't be, $150 million, Yahoo doesn't have enough cash at all, and I think Foxmail, while it's worth it, is definitely not worth that much money!" Tim Coug didn't expect the offer to be so high.

The Yahoo China part is nothing, because it is completely based on the example of Yahoo Japan and SoftBank, which is still accepted by Yahoo's directors.

There are even some people who feel happy, because at this time, the domestic Internet markets in Japan and China are completely incomparable.

It would be surprising enough if China could now have one million stable Internet users, while Japan has nearly 10 million Internet users, and it will be second only to the United States Internet market in the future.

And what they are not satisfied with is that in the price of acquiring Foxmail, unlike the old high-tech companies, Yahoo, which has just been listed for more than a year, is still frantically pursuing expansion profits, and is quite in need of cash.

Even if half of the 500 million is paid by private placement of shares, it is still a heavy financial pressure.

For Yahoo's CEO, Tim Courg, no one knows better than him how much financial pressure Yahoo has, and although the stock price has been soaring, it has not been profitable for a long time, which is also the pressure on him.

"Tony," Tim Coog turned to Jiang Yizhou's opinion that was the key, "Now that Yahoo is about to turn a profit, if you spend too much cash, it may affect the upcoming annual earnings report, you must know very well how much impact this will have on the stock price!"

Jiang Yizhou pondered for a while, "In this way, I can accept most of the private placement shares, I am quite optimistic about the development of Yahoo, and I can also provide a bond for Yahoo to turnover, but Yahoo China's equity ......"

As soon as this sentence was spoken, the current CEO of Yahoo understood that the Chinese kid who had gone viral in Silicon Valley was not very keen on investing in his own country, but a real preference.

After discussing with the two "chiefs" for a while, Tim Coug made a concession very happily, "Yahoo China will be 70% of the shares invested by Tony for $30 million, and the part of the acquisition of Foxmail will be based on the current Yahoo stock price, and the remaining part will be borne by Tony in the form of bonds, I think it will last for one year?"

"OK, I don't have any more opinions!" In order to facilitate his exit in the future, Jiang Yizhou can now be described as a diversified investment, except for Yahoo, AOL's companies that shine in his memory, and several start-up companies that have received his investment, all of which have small holdings.

However, there are quite few high-performing stocks in mind, so I have a lot of spare money in hand, and there is not much pressure to accept the $45 million one-year bond.

For Jiang Yizhou to accept the private placement of shares so wisely and independently assume the share of bonds, others are naturally quite happy, so when Tim Coug initiated the vote, it was unanimously approved.

Aside from Jiang's incomprehensible insistence on investing in China and his generosity to Yahoo, he was the last of the board members to enter the board, and there was no reason to be so generous.

However, since there is no need to occupy their own funds, the listed shareholders just take this as an after-dinner anecdote and write it down, and wait until a certain party to talk about it.

In addition to Bill Green, because it's about his performance, Irumes Capital has now raised two five-year private equity funds worth $100 million.

Every time he encounters the boss who makes such a cautious and frantic move, he will be a little tired, but those short-term investments have proved that Jiang Yizhou is right, and his cautiousness has affected the return rate of the fund.

Therefore, some clients asked him to invest according to what he thought was a willful choice, and what was recorded in the memorandum became evidence of his accusation, which made him a little unhappy, but he could only choose to accept it.

Next, naturally there is Bill Green, a subordinate who can't object to Jiang Yizhou, to complete relevant matters with Tim Courg.

"Jiang, let me introduce you, this is Mr. Sun Zhengyi of SoftBank!" Jerry, who felt Jiang Yizhou's "kindness" more and more, became more and more friendly to him, and now pulled Jiang Yizhou to introduce Sun Zhengyi to him in a friendly manner.

Looking at Sun Zhengyi, who is also Asian, Jiang Yizhou thought of his own moves, if it weren't for the fact that SoftBank in the future would be in debt because of improper investment, Jiang Yizhou would feel that he was also a traverser.

Because he dared to make heavy bets, for example, before Yahoo was about to go public, and when Ali had just finished the first round of financing, he had the demeanor of a stupid big man like him.

"Tony, it's nice to meet you, to tell you the truth, it's my regret to miss you!" Sun Zhengyi shook hands with Jiang Yizhou amicably, the two of them haven't had much contact now, but it won't be good to say in the future.

"I also regret missing out on Yahoo, when I first came into contact with Yahoo, I felt that I had to invest in it, but unfortunately I didn't have the funds to invest in Yahoo until I sold QIM!" Jiang Yizhou touted Yahoo and Jerry Yang without blushing, and also touted that Yahoo got a 30% stake in Yahoo before it went public, and cooperated with Yahoo to establish Yahoo Japan.

Yahoo Japan can be said to be one of the achievements that Sun Zhengyi has done in the future, second only to investing in Alibaba.