Another week passed, and in a luxurious suite in one of the most exclusive local hotels in the city of San Brino, Lin Yuquan and Salou. White sat across from each other on the sofa in the suite's living room. ｀｀

"Boss, Google's offer is $3 billion, Yahoo's offer is slightly higher now, $3.3 billion, of which Google's acquisition payment is in the form of shares or no more than $500 million in cash plus stock, and Yahoo's acquisition payment is in the form of $800 million in cash plus stock or all of the stock." Salou. White said slowly.

"Is this the final offer?" Lin Yuquan took a sip of cold juice.

"Judging from the other party's quotation, it's basically true." Salou. Huai nodded his head.

"Oh." Lin Yuquan groaned lightly, and did not make a rash decision, although Yahoo's price is slightly higher, but Yahoo's stock appreciation potential is limited, and it is not so easy to get rid of it and exchange it for cash after taking over, on the other hand, Google's offer, although it is slightly lower, but Google's stock has great potential for appreciation, even if he needs cash now, he can also get rid of it lightly and find the next home, the two are compared, which is better and which is worse, at a glance, but Yahoo is 300 million US dollars higher than Google's offer, which is not a small amount, and it is a pity to give up in vain.

"Which do you think you should choose?"

"From the point of view of risk, of course I choose Google and hold their shares, and the returns in the later period are relatively stable." Salou. White said without thinking.

"I know what you mean, Yahoo's stock is too chicken, but in doing so, we're losing $300 million in revenue just from the value of the quote, is there a way to circumvent that?" Lin Yuquan said unwillingly.

"I'm afraid it's hard, if it's a deal with Yahoo. The best way to trade is to pay in cash. But as far as I know. Yahoo's current bank balance is only $3 billion, which is simply not enough to complete the payment, and it is impossible for Yahoo to use a large amount of cash. "Salou. White shook his head, clearly not optimistic about trading with Yahoo.

"Is there really no other way?" Lin Yuquan knew it, but he didn't give up immediately.

"Nope." Salou. White shook his head.

Lin Yuquan was a little disappointed, and just as he was about to give up on Yahoo, he suddenly realized that something was wrong, when Yahoo was competing with Google. How can they not know their disadvantages, looking at their aggressive offers, it is clear that they are very eager to take Youtobe, in this case, they must have a backhand, for example, all paid in cash, yes, their bank deposits are only 3 billion US dollars, and they will not use them all, but Yahoo can't borrow from banks? With Yahoo's current status and profitability. Lending billions of dollars is just a small thing.

If Yahoo paid entirely in cash, Lin Yuquan squinted. At the beginning of the calculation, unlike the previous situation, the two forms of $3.3 billion and $500 million plus $2.5 billion in Google stock made it impossible for him to make a choice immediately for a while. Admittedly, the actual value of $3.3 billion is more than $500 million plus $2.5 billion in Google stock. According to White, the late returns of Google stock are extremely high and extremely stable.

And he is not short of money now, yes, he did have some plans that were forced to be suspended due to financial factors and were not implemented immediately, but these plans are enough for 3 or 500 million US dollars, and no matter how much, he can't find a place to spend it, in this case, what does he want so much cash, it is better to change it to Google stock and wait for appreciation.

It's just a pity that Yahoo is 300 million US dollars higher, Lin Yuquan chuckled and shook his head, just as he was about to ask Salou. When White announced his decision, a thought suddenly flashed through his mind, could it be that Yahoo's offer really had no value, and could he really only choose Google, which actually offered a lower price, and there was no other choice?

As soon as this thought came to him, Lin Yuquan immediately fell into deep thought, yes, he didn't need much cash, let alone Yahoo stock, but in Yahoo, couldn't he get anything else?

After thinking about it, Lin Yuquan didn't have an answer, so he set his eyes on Salo. White.

"Hey Salou, if I choose Yahoo's offer, but I don't want cash, I don't want stock, then what should I ask for that $3.3 billion offer?"

"No cash, no stocks." Salou. White looked at Lin Yuquan dumbfounded, and after making sure that Lin Yuquan was not joking, he immediately thought about it, and then his face became extremely distressed: "What does Yahoo have, they don't have any real estate projects, the most valuable thing is Yahoo's main business, Yahoo Mail, Yahoo Knowledge Hall, Yahoo Finance, Yahoo Sports, Yahoo Entertainment Channel, Yahoo Online Search Market, but these businesses are Yahoo's core business, Yahoo will not let go no matter what, and then there are the companies that Yahoo has acquired over the years, But most of these companies are no longer good. ”

"Wait, Salou, are they willing to sell the companies that Yahoo bought before?" Lin Yuquan hurriedly stopped.

"Boss, you want these to be used by Yahoo, but most of these companies are worthless!" Salou. White said suspiciously.

"I just have this idea, and I have to wait until I see the situation of these companies, I think so, since Yahoo was willing to buy these companies to prove that they all have their own unique value, why is it losing value now, the reason is actually not a simple sentence, because they can't say anything anymore, maybe there are more potential companies among them." Lin Yuquan said with a smile.

Salou. White looked at Lin Yuquan with admiration, he hadn't thought about it before, but now that Lin Yuquan said this, it was really like this.

"Boss, what do you want me to do?"

"I won't reply to the other party for the time being, you can do your best to collect information about these companies that have acquired Yahoo for me, and wait until I understand the value of these companies." Lin Yuquan is colorful.

"Understood."

The history of acquisitions by Yahoo, Google and other companies is actually easy to find, but because it is necessary to collect detailed information about the acquired companies, it was not until two days later that Salou. White handed over the information to Lin Yuquan, and as soon as he got it, he stayed in the suite alone. Study carefully.

Although it was known before that there were a lot of acquisitions by Internet giants such as Yahoo. But not until the time I saw the material. Lin Yuquan knew that Yahoo's acquisition would be so much, and the money would be so big, $5.7 billion to acquire the current NBA Mavericks Mark . Kuban's $3.6 billion acquisition of free homepage service provider Geocities, $1.6 billion acquisition of Google AdWords competitor Overture, $600 million acquisition of European shopping comparison site Kelkoo, $436 million acquisition of Hotjobs, and $432 million acquisition of eGroups. The $120 million acquisition of Zhou Hongyi's founding site 3721, and the $160 million acquisition of the music download website MusicMatch?

Of course, these have nothing to do with Lin Yuquan, what he cares about is whether there are companies with good value, and at a glance, he also understands why Salo. White will say that most companies have no value, and Yahoo has acquired a lot of companies and ideas over the years, but almost none of them have succeeded, either ending hastily or killing themselves.

The more you look. Lin Yuquan's brows furrowed tighter, could it really be just his wishful thinking. Actually, it doesn't make any sense, but his character belongs to the end and won't jump to conclusions, so despite the disappointment, he still watched patiently.

"Huh." Lin Yuquan sighed in surprise, staring at the information in front of him, Yahoo used a total of $640 million in cash, Yahoo's China business and Taobao shares purchased from SoftBank, and finally held 40% of Alibaba's shares.

To Lin Yuquan's surprise, Yahoo's acquisition was not a wholly-owned acquisition, but only a partial stake, and also handed over its own business to the other party for merger, which is completely different from Yahoo's usual acquisition method, and Alibaba is also a big reason for his surprise, first of all, this is a Chinese company, and secondly, this company is now well-known in China.

Salou. The information collected by White was detailed, so Lin Yuquan immediately had an understanding of the entire acquisition incident.

The acquisition took place in the second half of last year, although it was not explicitly stated, but behind the acquisition is inseparable from SoftBank's Masayoshi Son, because SoftBank is the majority shareholder of Yahoo and Alibaba at the same time, under the operation of Son, Yahoo and Alibaba carried out mergers and acquisitions. Yahoo invested $640 million to implement two share purchase plans, the first payment of $250 million in cash, the second time of $390 million, but the second share purchase will be executed at the end of the transaction, and at the same time, it also used $360 million to acquire its shares in Taobao from a subsidiary of SoftBank, and transferred this part of the shares to Alibaba, so that Taobao became a wholly-owned subsidiary of Alibaba, plus Yahoo's China business, and finally obtained 40% of Alibaba's economic benefit rights and 35% of voting rights, and surpassed SoftBank to become Alibaba's largest strategic investor.

After learning the details of the acquisition, Lin Yuquan also became interested, and after learning about Alibaba, he suddenly became relaxed, because he had already made a decision.

"Boss, you are looking for me, you must have already decided? Is it Yahoo's offer, or Google's? "I received a call from Lin Yuquan and rushed to the hotel. White asked with a smile.

"Yahoo, I want to get the Alibaba shares held by Yahoo, and the rest will be paid in cash, sue the other party, I only accept this form, otherwise I will sell Youtobe to Google, Google's shape is very good, if all the 3 billion US dollars are exchanged for Google shares, maybe in a few years, I will become a billionaire." Lin Yuquan said with a smile.

"Ok, boss, just wait for my good news!" Salou. White didn't understand what Lin Yuquan meant, the threat was a very useful weapon, a soldier who surrendered without a fight

Five days later, in the conference room of Youtobe company, Lin Yuquan met Yang Zhiyuan, the "first person in the world's network" and "Yahoo Chief" from Taiwan, for the first time.

"Sure enough, the back waves of the Yangtze River push the front waves, when I was your age, I just entered Stanford University to study electrical engineering, and now you are a well-known director, actor, and sitting on billions of dollars of wealth." Yang Zhiyuan exclaimed.

"Mr. Yang is polite, you are the idol of countless young people, and you are the most successful Chinese entrepreneur in the global Internet field. A well-deserved light for the Chinese. Lin Yuquan also exclaimed.

"I don't dare to do that. Ay. My Alibaba shares, this time you are cheap, if it weren't for the fact that I couldn't let youtobe fall into Google's hands, I wouldn't have given you Alibaba's shares, I'm very good about Alibaba's future prospects. Yang Zhiyuan sighed.

"You didn't cheapen me, speaking of which, I suffered a loss, when Yahoo bought a stake in Alibaba last year. In total, it only took $1 billion in cash plus Yahoo's China business to obtain 40% of Alibaba's shares, and Alibaba's market value is less than $3 billion, and I paid $2.1 billion to get this part of Alibaba shares this time, which means that in less than a year, Yahoo has benefited nearly $1 billion from this acquisition. Lin Yuquan said with a smile.

"Alibaba is now preparing to go public, and when it does, the value of this 40% stake will be extremely staggering. If it weren't for the form, I wouldn't have given up this part of the shares anyway. So this acquisition, I can be regarded as a big loss. Yang Zhiyuan shook his head, with an expression of suffering from me.

"Really? Well, even if Alibaba is preparing to go public, what will be Alibaba's market capitalization after listing? Is there $5 billion? You must know that the market value of Baidu's listing last year was only 800 million US dollars, and even now its market value has not exceeded 5 billion US dollars. And even if Alibaba's market capitalization reaches $5 billion, 40 percent of its shares are worth $2 billion, which is less than the $21 I'm paying now. What's more, I am actually very confident in the development prospects of youtobe, if it weren't for the fact that the funds on hand are not so sufficient, I wouldn't sell it, youtobe is the world's first video website, if there is strong financial support, external expansion, and so on a few years later, the market value will be at least tens of billions of dollars, you Yahoo will reap at least several times the benefits, and me, after Alibaba is listed, whether I can recover my pay is a question. Lin Yuquan sighed.

"It is also listed with a market value of tens of billions, where is it so easy to go public, I just hope that our Yahoo investment this time will not be wasted." Yang Zhiyuan chuckled.

"Each other, in fact, we are both gambling, and no one knows the success or failure of gambling now."

"yes, hopefully we both get the results we want." Yang Zhiyuan sighed, Yahoo really can't afford to lose.

After signing the acquisition terms with Yang Zhiyuan, in the evening, Lin Yuquan and all the employees of Youtobe had dinner together, which was also the last time he had dinner with everyone, time flies so fast, the acquisition of Youtobe at the beginning of last year seems to have happened yesterday, in the blink of an eye, Youtobe is about to embark on a new journey, everyone is about to release the love in their hearts, and many people are drunk.

Two fists are hard to beat four hands, and in the end, Lin Yuquan almost fell down, and even Chen Shijun, who never drinks alcohol, drank a lot of wine and was dizzy.

"Hey, Brother Jun, you've worked hard this year."

Speaking of which, Lin Yuquan is a little embarrassed, since the acquisition of Youtobe, he has been a hands-off shopkeeper, except for investment, everything is done by Chen Shijun himself.

"What is the hard work, this is what I like, watching youtobe grow day by day, I have nothing but joy." Chen Shijun shook his head.

Chen Shijun's words made Lin Yuquan suddenly feel a lot of emotion in his heart, and after the emotion, he immediately asked: "Now that you are also a billionaire, do you have any plans for the future?" ”

In Youtobe, Lin Yuquan owns 95% of the shares, while Chen Shijun and his two entrepreneurial partners own the other 5%, of which Chen Shijun is the most of the three, according to the acquisition with Yahoo, Lin Yuquan will own all of Alibaba's shares, Chen Shijun and the two entrepreneurial partners will receive $165 million of the $1.2 billion in cash, Chen Shijun will have $100 million of the $165 million, and the other two will have $35 million and one will have $30 million.

"For the time being, I will continue to stay in Youtobe and help Youtobe grow and develop, and when Youtobe no longer needs me, maybe I will do my own thing." Chen Shijun said calmly.

"When you want to start a business one day, let's do it together and create a new miracle of youtobe."

"Hmm." (To be continued......)