It's no wonder that Lin Yuquan's reaction is so big, it's Yahoo, although Yahoo's limelight has been completely suppressed by Google in the past two years, but in the 90s, Yahoo was the world's most popular Internet company, because it was Yahoo who opened the era of human network, and its founder Yang Zhiyuan was called "the world's first person on the Internet".

Yahoo's development can be described as a "miracle" and a "myth". Ferro co-founded Yahoo Internet Navigation Guide, and became the leader of search engines in just over half a year, and then officially registered Yahoo in March 95, and received nearly $2 million in venture capital from Sequoia Capital the following month, thus beginning the fabulous development of Xingyue, and by 1999, Yahoo's market value had reached $39 billion, and it took only 6 years for Yahoo to get to this point.

Although Lin Yuquan and Shuguang Film Company have developed in the past two years, in the face of Yahoo, he can only look up to it now, and suddenly have a connection with such a behemoth, and it is inevitable that anyone in his position will feel shocked.

However, Lin Yuquan is also not very human, whether it is what he has seen and heard in the memory of the cultivator and the confidence brought by it, or the growth of his mentality with the success of his career in the past two years, he has quickly calmed down.

"You tell me the details." Glancing towards the room, Lin Yuquan walked away a little further and asked in a low voice.

"Okay, boss."

With the introduction of Ding Value, Lin Yuquan quickly understood what happened.

After the Internet completed the migration from narrowband to broadband, the network video industry gradually emerged, and at the end of 03 and last year, a large number of video websites sprung up after the rain, be one of them.

However, BE is no longer the small website it was when it was first established at the beginning of last year. With a large amount of capital investment, BE has not only become the world's No. 1 video website, but the gap with the competitors behind it is still widening. Naturally, Yahoo's streak attracted the attention of Yahoo, and today it invited Chen Shijun to meet to discuss the acquisition.

Frankly. As a giant enterprise in search engines, Yahoo wants to do what it wants to do most is naturally to compete for the market share of search engines, and the current focus of the search engine war is focused on the breakthrough of audio and video search technology. For search engine companies. How users can find the video content they want in the "massive" video content on the Internet is a very critical problem, once this problem is solved, video search is as important to broadband Internet as a remote control is to hundreds of TV channels.

Lin Yuquan can be aware of the problem, these Internet giants can only be more aware of the problem, for this reason from Yahoo to Google, from Microsoft to Amazon, are investing huge energy and financial resources in related technology research and development, although the video website itself is not directly related to the search engine business, but has a video website. In particular, the world's No. 1 video site is far more strategic than directly helping the search business, and it's no wonder that Yahoo is targeting BE.

"You think we should develop ourselves. Or sell be? After thinking about it, Lin Yuquan asked.

"I think we should sell it." Ding Wei said without hesitation.

"Why do you think so?" Lin Yuquan asked.

"It's simple, because we don't have that much money at all." Ding Wei said the key to it: "The video industry is an emerging development field of the Internet in the future, if we continue to do it, we will definitely achieve huge economic returns, but the problem is that our financial situation is simply not enough to support the follow-up development of BE, so far, we have invested 80 million US dollars in BE." made BE the world's largest video website in one fell swoop, and this is still under the condition that BE has not developed outside the United States. If we want to build a global video website, it is conservatively estimated that we will have to invest hundreds of millions of dollars every year. In addition, YouTube users freely share the copyright problems inherent in the video operation model. It will also bring endless risks and troubles, and to solve this problem, we need to buy copyrights like Dawning, but in that case, we will have to spend hundreds of millions of dollars in the United States alone, and in the world, we can't do it without three or five billion dollars, but where do we have so much money, Dawning Film Company, Dawning Network, Dawning Film and Television Base, Dawning Cinema Line, we need to spend too many places to spend money, in fact, with our current funds, it is relatively reluctant to support the rapid development of Dawning. ”

Yes, Lin Yuquan frowned slightly, he invested in the video industry because he was optimistic about the future prospects of the video industry and the help of the video industry for his film promotion, but as Ding Wei said, the follow-up development of youbobe is inseparable from the support of strong funds, of course, he is not helpless, but this is by no means something he can achieve purely by making movies, he needs to devote more time to gambling stones, with the current trend of rising jade and jade prices, he is enough to get sufficient funds.

But the consequence is that he has no time to make movies, which he absolutely cannot accept.

Lin Yuquan is not hypocritical or indifferent to fame and fortune to the point of disliking more money, but he is not the kind of person who does not care about anything for money, he enjoys the fun of making movies more than making money, and now he also has the capital to do so.

What's more, his original intention was to help the promotion of the movie, even if he sold BE, he could also use BE to promote, rather than BE in his own hands, it was better to simply sell it.

Thinking of this, Lin Yuquan had already made a decision.

"Let Chen Shijun agree to the other party's invitation, see the price and terms of the other party's acquisition, and report to me the progress of the negotiation as soon as possible, if necessary, I will fly to the United States."

"Okay."

In the next two days, Lin Yuquan participated in the actor's special training while paying attention to the acquisition negotiations with Yahoo. Yahoo's purchase price was also passed back, with an offer of $500 million, of which $100 million was in cash. Another $400 million was paid in the form of Yahoo shares.

For this offer, Lin Yuquan refused without thinking about it. Just kidding, he invested more than $80 million in BE alone, and the world's No. 1 video website is worth this money, you must know that the market value of Internet companies is very high, and even exaggerated.

Yahoo's market capitalization climbed to $39 billion in just six years, Google's market capitalization reached $23 billion from its inception in 1998 to its listing in 2004, and eBay, founded in 1995, reached a market capitalization of $1.81 billion when it went public in 1998. In just one year, the market value climbed to $16.6 billion, and Cisco, founded in 1984, had a market value of about $297 million when it went public in 1990, jumped to $3.11 billion in 1992, and was once worth $550 billion in 2001, becoming the world's most valuable company.

Although the funds required for the follow-up development of BE are massive, in fact, as long as Lin Yuquan is limited to the development in the United States, and then grit his teeth and invest 100 million US dollars every year, insist on three or five years, and wait for the company to go public. At that time, BE's market value will not be less than billions of dollars, and $500 million will sell billions of dollars in a few years, unless he goes crazy.

So Lin Yuquan immediately instructed Chen Shijun to reject Yahoo's offer. There is no impermeable wall in the world, although Yahoo's acquisition of BE was carried out in secret, not with fanfare, but as Yahoo's biggest opponent, the leader of today's search engine market, how could Google be ignorant of Yahoo's movements, not to mention that Google had already set its sights on BE, so just as Yahoo was preparing to conduct a second round of negotiations with Chen Shijun, Google made a move.

Lin Yuquan, who is far away across the ocean, learned that Google also sent an acquisition invitation to Chen Shijun. The joy in my heart, the two tigers are fighting. There must be a wound, but for him. There is competition to obtain greater benefits.

But for Yahoo, the situation is quite different

"*, damn Google."

In the CEO's office of the Yahoo office building, Yang Zhiyuan, the founder of Yahoo, who personally served as the CEO, angrily threw the notebook in his hand on the table, his face was very ugly.

An Internet company with a market capitalization of $39 billion, a price-to-earnings ratio of 50 times, annual revenues of more than $5 billion, annual profits of more than $500 million and a gross profit margin of up to 60%, and about $3 billion in bank deposits.

Such a company, no matter from any point of view, should be the world's top corporate overlord today, and countless people can only look up to it.

However, it is such a company that Wall Street denounced as stagnant performance, and even took charge of it for six years, bringing it out of the Internet winter, former chairman and co-CEO of Warner Bros. Pictures Terry. Mr. Semel was ousted last month by shareholders as the world's most profitable CEO from Yahoo, now the internet giant.

Is Yahoo in a bad situation? Of course not, the problem is that it has a strong rival, Google, which now dominates the search engine, and compared to Google, Yahoo's situation is suddenly not so satisfying.

When Yahoo reached a market value of nearly $40 billion in just 6 years, Google had just been established, and then, when Google swelled at an astonishing rate, the glory that originally belonged to Yahoo was suddenly obscured and became bleak, and even the once powerful Yahoo kingdom was shaken and precarious under the impact of Google.

In 2004, when Google went public, the market value was about $23 billion, and Yahoo's market value was $39 billion, still in the leading position, but since then, in just two years, Google's market value has increased sixfold, exceeding $100 billion in October last year alone, while Yahoo's market value has fallen by 4%, such a stark contrast is naturally difficult to satisfy.

In the face of Google's strength, Yahoo's net profit in the past two quarters has declined sharply, and due to the loss of opportunities in the online search market, it has been suppressed and left far behind by Google.

For Yahoo today, the most important thing is how to get out of the predicament, so there is Terry. Semel was ousted from power, and Yang Zhiyuan personally stepped forward.

And Yang Zhiyuan's first big move after becoming CEO was the acquisition of BE, who would have thought, just a move, he encountered Google's horizontal bar, online search advertising has lagged behind, if you lose the field of video websites, the consequences are unimaginable, not to mention losing to the biggest competitor, which is why he will be so angry after Google intervenes.

"What are we going to do now?" At Yang Zhiyuan's desk, the former chief financial officer of Yahoo Inc. and now the president of Yahoo. Susan took over the control of the advertising department in Semele's hands. Decker asked, her expression equally solemn.

"What else can we do, we have no way out, we will hold a shareholder meeting immediately, we must raise our offer, and then negotiate with BE, we absolutely cannot lose to Google." Yang Zhiyuan clenched his fists tightly and said extremely firmly.

"I see." Susan. Decker nodded solemnly. (To be continued) R655